1. HDFC BANK
The following people are eligible to apply for a Business Loan:
Self employed individuals, Proprietors, Private Ltd. Co. and Partnership Firms involved in the business of Manufacturing, Trading or Services.
The business should have a minimum turnover of Rs. 40 lakhs
Individuals who have been in the current business for a minimum of 3 years, with 5 years total business experience.
Those whose business has been profit making for the previous 2 years
The business should have a Minimal Annual Income (ITR) of Rs. 1.5 lakhs per annum
The applicant should be at least 21 years at the time of applying for the loan, and should be no older than 65 years at the time of loan maturity.
2. ICICI Bank
- Term Loan
Features and Facilities
Flexible repayment tenure
Assessment based on future cash flows
Composite loans comprising working capital and term loans provided for meeting all financial requirements
Tenure up to 7 years
Collateral Free Term Loans also available (up to Rs. 2 crore) under CGTMSE scheme.
- Loan without Financials
Features & Facilities offered :
Loans upto ₹ 1 crore based on transaction history in the nature of overdraft and non fund based facilities
No requirement of audited financials
Minimum vintage of 3 years required
3. BAJAJ Business Loans
Features & Facilities offered :
Loans upto ₹ 1 crore based on transaction history in the nature of overdraft and non fund based facilities
No requirement of audited financials
Minimum vintage of 3 years required
4. IDFC First Business Loans
- funding up to ₹1 Cr for self-employed individuals and businesses
- Quick funding up to ₹50 lacs based on your current account statement
- Loan up to ₹50 lacs based on your GST returns
- Fast & seamless process
5. INDIFI
Indifi Technology Pvt Ltd. , Key features & USP
- Turnover minimum_20 Lakh
- Upto 10 lakh without financial
- Both side Rented (Resi and Office) (upto 50 Lakh)
- Resi cum Office
- Automobiles part’s
- Restaurants
- Parlors
- Jewelers
- Chicken and Meet (Retail and Trader)
- Rice and wheat traders
- Steel traders
- Logestic
- Garment’s
- 1 year vintage (upto 50 Lakh)
- All Industry- Manufacturers, Traders and Services
- CIBIL = -1
- M- Profile
- Co-applicant not Mandatory
- Loan amount upto 50 lakh.
- ROI (Reducing) 18% to 32%
- Funding WITHOUT ITR & FINANCIALS upto 10 LACS
6. LendingKart
We offer business loans of ₹ 50,000 up to ₹ 2 Crore to eligible SMEs. Our wider loan window increases the chances of business loan approval and provides you the funds needed for growth and expansion of your venture.
Benefits of Business Loan by Lendingkart
Business loans from Lendingkart are enable you to redraw your business strategies for matching today’s agile work environments. Here are the benefits of taking a business loan from an NBFC like Lendingkart.
– Faster processing:
Faster processing means faster credit for your business, allowing you to explore new horizons and exploit opportunities as they come your way. A timely business loan can expand your marketing potential, speed up your operations, and eventually increase your profit margins.
– Preserving your ownership:
Since it is an unsecured business loan, you are at no risk of losing valuable assets or giving up precious company stock in lieu of investment. So, a Lendingkart business loan allows you to preserve your ownership while also providing you with the funds to grow your enterprise.
– Streamlines your cash flow:
Lendingkart business loans increase your window of opportunity by providing both capital and time for you to streamline your cash flow and get into profitable territory. These loans allow you to strike a balance between your Business fund and company capital fund by providing investment that can be repaid in instalments. by LoanShagun