loan Online business loan starting @11.99% pa.

Rupeezo instant personal loan – Min salary required is Rs.20K

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Get Instant Business Loans at Competitive Interest Rates from Various Lenders.

A business loan is the most feasible option for business owners to find optimum funds for daily operations, expansion, or marketing objectives. Our business loan service aims to assist businesses to get quick money to fund urgent requirements and enables the smooth functioning of small firms and large-scale industries. Our financial services ensure that business owners obtain the best support to overcome all kinds of financial constraints that obstruct the path of growth. Get instant approval with minimal paperwork for a collateral-free business loan with us and achieve your business goals effortlessly.

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Business Loan Highlights

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Simple and Convenient

Acquiring a business loan is an easy process on our platform. You can compare the offers of different lenders within a few minutes. You do not have to spend your time searching for investors for your business anymore.

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Low Rates of Interest

If your business has a good credit score, you may get the loan at a lower interest rate. Our interest rates for business loans start at 11.99% p.a. The rates may change according to the amount you avail for the loan.

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Lesser Documentation

The overall procedure for applying for a business loan is hassle-free as we only require a few documents for the processing procedures. Apart from the usual KYC documents, you will have to provide a business plan and a valid financial document to apply for the loan.

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Quick Disbursal

Raising quick funds for your business is no longer a challenging problem. Our service helps you get an immediate budget to solve any unforeseen financial crisis your business may encounter. The right solution at the right time can save you from disasters.

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Collateral-Free

You merely have to meet the eligibility criteria and submit the necessary documents to avail a business loan from us. Our service does not require customers to provide collateral to get the loan, which will be a boon to small online businesses that may not possess any assets.

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Completely Secure

We respect the privacy of all our customers, and Rupeezo's platform gives utmost importance to providing them with a safe lending experience. Your personal and business information will be kept private and stored safely in our database.

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Faster Approval

Businesses often need quick funds to solve unexpected financial issues. Our digital loan services help you find an immediate budget within a few hours of application. Make sure that you submit the proper documents to fasten the approval process.

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Flexible Tenures

We provide short-term and long-term loans for businesses. The minimum tenure for our business loans is 12 months, while the maximum is 10 years. It depends on the loan amount a borrower is planning to avail from us.

The business loan bracket is eligible for both MSMEs and Start-ups

  • Individuals belonging to the age group of 21 to 65 are eligible.
  • The business should be running on profit for the last 1 or 2 years.
  • Our loan services will be available in major cities and towns across India.
  • Sole proprietorships, partnerships, and limited and private limited companies can acquire the loan.
  • The business must be more than three years old.
  • The applicant must provide proof of business ownership other than the usual KYC documents.
  • A CIBIL score of 685 or higher is preferable.
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Personal loan comparison index


Bank/NBFC

Interest rate

Loan amount

Processing fee

Tenure

Target age group

Servicable location

Salary bracket

Commercials offered

Credit score

Employment type

Product type
Cashe (18 - 30)% 50,000 - 1 Cr At 2% 18-65 Pan India 12 lakhs annual turnover and above Slab wise, 50L - 3CR: 1-2% 660 (560-660 will could be considered on case to case basis) + NTC Self employed working capital loans and business loans
MoneyTap (10.5- 19)% 50,000 - 25 Lacs Upto 2.25% of loan amount plus GST 12 to 72 months 23-58 30K+ 1.1% Per disbursement 750+ Salaried PL
NIRA 5,000 - 100,000 INR 350-750 depending on the loan amount 3-12 months 21-55 Pan India 12000+ 1500 660+ Salaried Short term loan
StashFin 25,000 - 200,000 INR 0% - 5% 19+ INR 10,000 + 1.4 % CPD 670+ credit score Salaried and self employed
Salary Dost (11.99 - 35)% 0-6% Loan Amount upto 60 Months 21-60 20K + Tier 2 25K + tier 1 750+ Salaried PL

Calculate your personal loan EMI amount:

Now meet your financial needs with a pro-active decision. Choose your lender & required loan amount for your loan application the better way:

Personal loan amount based on your salary:

Your monthly payout - EMI = [P x R x (1+R)^N]/[(1+R)^N-1]

Representative Example:

For ₹1,00,000 borrowed for 1 year, with interest rate @13% per annum*, a user would pay:

  • Processing fee (@ 2%) = ₹2,000 + GST = ₹2,360.
  • Line setup fee of ₹499+GST = ₹588/- to be paid before starting the credit line.
  • Interest = ₹7,181.
  • EMI = ₹8,932.
  • Total amount to be repaid after a year = ₹1,10,129/-.
  • Interest Rate varies based on your risk profile.
  • The maximum Annual Interest Rate (APR) can go up to 35%.
  • However, only a fraction of our customers get an interest rate higher than 30% pa.

Advantages of business loan for startup

Startups, in particular, require business loans since they lack the initial financing required to launch a firm. You can receive support with all aspects of the business's finance, including machinery, equipment, and the recruiting procedure. You will own the company and be able to secure your capital; all you need is a strong startup concept that will benefit you and your company.

There are different types of business loans in India for startups and small businesses to consider. You can select the most beneficial loan type for your business. Some types are listed below:

  1. Term Loan(Short-term and Long-term)
  2. This form of a loan refers to the length of time it will take you to repay the debt, which is determined by the amount of money you borrowed. There are two major types of term loans namely, short-term and long-term. Short-term refers to a period that lasts less than a year, whereas long-term refers to a period that lasts longer. It ranges from twelve months to ten years. The creditor determines a term loan's payback period at the beginning of the term.

  3. Working Capital loan
  4. This sort of loan covers all aspects of a company's operations, including cash flow, inventory, payroll, and so on.

  5. Loans under Govt. schemes
  6. Looking to start a business but lack the necessary funds? Or do you want to invest in some equipment for your business, but you're short on cash? Then you require a business loan. A business loan will be profitable for all types of businesses. It is a method of financing that will assist you and your company in overcoming the capital crisis.

  7. Others
  8. Aside from that, you should be familiar with secured, unsecured business loans and small business loans. Choosing a loan that will benefit you is always the ideal option, as it will allow you to expand your business while also improving your credit score. So, what's the difference between the two?

    • Secured business loan
    • The secured loan is the most popular because it has lower business loan rates than the other loan types. Simply said, it makes use of your business assets, or in another sense, a form of collateral, to supply you with the amount you are liable for.

      It can be anything that has a good value in return, not just your business assets. It can also be your home, vehicle, or other property. You cannot sell your asset once it has been given over in exchange for the loan. Until you pay off your debts, it will be the property of the loan creditor. It has a set duration in which you have to clear all your debts.

    • Unsecured business loan
    • An unsecured business loan is the polar opposite of a secured business loan. You are not required to exchange assets to meet the loan criteria, meaning that any collateral does not back it up.

      Unsecured loans have higher interest rates than secured loans. Because you are not trading any assets, it is a risk element for the loan provider. It is mostly used to make a short-term loan. It also depends on whether you are eligible for unsecured loans, which is determined by several factors.

      Finally, you must consider which one is best for you. If you have collateral, choose the secured one since the interest rate will be lower, and you will have more time to repay it.

Criteria for the loan

Now that you've understood the advantages of various loan types, you should also be aware of the requirements for obtaining a loan. It is the basic condition that an individual must meet to determine whether they will be granted the loan. These requirements differ from one bank to another.

First and foremost, you must be an Indian citizen with a minimum age of 21. You will be required to pass over some legal documents for verification. You must also have a specific credit score as determined by the bank. And the individual should be the proprietor of the company or store.

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Individuals must correctly complete the bank's application with a photograph attached.

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They must present their KYC paperwork as well as relevant certificates for verification.

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Check all of the paperwork carefully because they will determine whether or not you are qualified for the loan.

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The tax is another issue that might have an impact on your loan. Ensure paying your taxes timely.

Rupeezo Business Loan Features

Rupeezo provides excellent features, especially loans for new business. It offers low-interest EMIs and collateral-free loans with flexible payback options. We provide a tenure of 12 months to 10 years depending on the loan amount required, and interest rates may start from 11.99% pa. The processing fee varies from different banks and organizations.

The finest element is that you don't have to run to your bank because everything is done securely online. Rupeezo has everything that you want in a loan.

How to calculate your business loan at Rupeezo?

The business loan at Rupeezo is determined based on the EMI, the rate of interest, the principal amount, and the loan tenure.

How to apply for a business loan at Rupeezo?

At Rupeezo, everything is digital. Fill in the application for the loan, and that's all there is to it. Simply wait for a call back within 24 hours. They will check your eligibility and conditions, and you will be approved for the loan right away.

Apply for the business loan online

Pay off your debts on the given time duration to secure your asset and increase your odds of acquiring loans in the future. Follow the procedures above carefully since they will determine whether or not your loan will be approved.

FAQs

What is a business loan?

A business loan is a debt taken out by business owners who want immediate funds for equipment or other business needs. Start-ups with good strategies might also benefit from it.

Who can apply for a business loan?

Anyone self-employed with a professional or non-professional background and Indian nationality can apply for a business loan. If you need a business loan, you must meet certain requirements.

Should I apply for a small business loan?

Small business loans have advantages if you wish to build and extend your present business. Alternatively, you may use these loans to get started at low interest rates if you want to establish a business but don't have many resources to finance with. Paying off your debt might also help you retain your credit score.

What is the maximum amount for a business loan?

Rupeezo will offer you a maximum sum of 15,00,000 rupees for your business by following the basic procedures.

What interest rate will I get for a business loan?

The interest rate is computed based on the amount of loan you require. In India, the interest rate ranges from 11.99%pa, with a loan term of up to 36 months.

How can I improve my opportunities to get a business loan?

One of the most important requirements is whether you have a business or a solid idea. Also, if you have an excellent credit score, your chances of getting a business loan are better.

What is the eligibility criteria for a business loan in India?

The first criterion is that you must be of Indian nationality and be between 24 and 70 years. You must be self-employed and have had a business for at least three years. Certain documents proving your identification, bank paperwork, and other proof of ownership are required. You must also have a minimum annual turnover of Rs. 40,000.

Is a business loan safe for small businesses?

As a small business owner, you can take out unsecured loans because no collateral (no demand for guarantee) is required, and you can pay off debts quickly with low interest rates and EMIs. For small businesses, they are usually safe and secure.

Is a business plan required for availing a startup business loan?

If you need a business loan for your company, a plan is one of the most crucial elements to consider. It's essential to have a strong plan that will be effective and won't cause any damage to your business because neither the owner nor the bank wants to lose money.

For what purposes can I get a business loan?

First and foremost, if you are a startup, you may require additional funding. Aside from that, you'll require business equipment. You'll also need to recruit people, as they'll be the major source of earnings for your company.

How does Rupeezo help people offer an instant business loan in India?

Rupeezo provides a flexible EMI and loan tenure to suit your needs. You don't even need to hunt for crowdfunding because you can receive the loan amount immediately to invest in your company. It's a straightforward procedure that necessitates the submission of legal papers and other procedures. You will receive a call from lenders within 24 hours of submitting your loan application.

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