Introduction
Get a hassle-free business loan from ₹6,000 to ₹1 Crores directly into your bank account. Simply keep your PAN card, Aadhaar card, and a business or income proof handy when applying.
Choose a repayment tenure that suits your cash flow, ranging from 6 to 48 months. Apply now and let KreditBee be your partner in success.
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Features and Benefits of a Business Loan with KreditBee
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Collateral-free funds
Secure the financing you need without pledging any assets as security.
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Quick loan disbursal
Get funds directly in your bank account within a short time upon approval.
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Hassle-free Documentation
Experience a streamlined application process with hassle-free documentation.
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Collateral-free business loan
Access funds without the need for collateral or security deposits.
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Loans ranging from ₹6,000 to ₹1 Crores
Choose a loan amount that aligns with your business needs.
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Available 24x7
Apply for a loan anytime, anywhere, at your convenience.
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Interest Rates Range from 12% to 28.5% p.a
Enjoy competitive business loan interest rates tailored to your profile and loan amount.
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Tenures ranging from 6 months to 48 months
Select a repayment tenure that matches your cash flow and business cycle.
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Processing fee up to 5.1% + GST
Select a repayment tenure that matches your cash flow and business cycle.
Business Loan Eligibility Criteria and Documentation
Features
- Loan amount from ₹6,000 to ₹1 Crores
- Interest Rates ranging from 12% to 28.5% per annum
- Tenure ranging from 6 months to 48 months
- Processing fee up to 5.1% + GST
- Minimal documentation, quick & direct transfer to the Bank Account
- No collateral or pledge of security
- Collateral for the credit extended to MSME borrowers* (Udyam Registration mandatory)
Eligibility Criteria
- Indian Citizen
- Age to be 21 years and above
- Business operations for a minimum of past 12 months
- Minimum monthly personal income of ₹10,000
- Monthly household income more than ₹25,000
- Possess Government approved Valid Identity Proof & Address Proof
- Aadhaar-linked mobile number
Documents Required
- Photograph
- PAN
- Address Proof (Permanent & Current Address)
- Business Income Proof (Bank Statements reflecting Business Income / GST Details)
- Business Ownership Proof (GST Details / Udyam Registration Certificate / Shop & Establishment Certificate / FSSAI License)
Other Fee & Charges
- Foreclosure charges
- Foreclosure charges of up to 4% of principal outstanding* + GST will be charged in case Foreclosure is opted
- Part-Prepayment Charges
- Part Prepayment Charges of up to 4% of principal prepaid* + GST will be charged in case Part-Prepayment is opted
- Penal Charges
- 1. EMI bounce charge (1st day): 4% of principal overdue* or ₹500, whichever is lower
- 2. Penal charges for 2-180 days: 36% per annum on principal overdue
- Credit Information Report Fees
- 1. Credit Information Report Fees of ₹50 + GST is applied if the customer opts for receiving their Credit Information Report.
- 2. Credit Information Report fees is disclosed upfront in the KFS (Key Fact Statement).
- Retained Processing Fees in case of cool-off
- 1. A percentage of the one-time processing fees may be retained as the cool off fee if the customer exits the loan during the cooling-off period.
- 2. The exact amount of the cool off fees is disclosed upfront in the KFS (Key Fact Statement).
- Stamp Duty
- 1. Stamp duty charges as per actuals shall be applied based on the disbursement office / branch.
- 2. The exact amount of the Stamp duty charges is disclosed upfront in the KFS (Key Fact Statement).
- Maintenance & Procurement Cost
- 1. Maintenance & Procurement Cost may be applied based on the disbursement office / branch.
- 2. The exact amount of the Maintenance & Procurement Cost is disclosed upfront in the KFS (Key Fact Statement).
- *round to the nearest rupee
Application Requirements
- Mobile Number
- First & Last name
- Date of Birth
- Gender
- PAN
- Employment Type
- Monthly Income
- Religion
- Address Proof
- PAN Photo
- Selfie
- Permanent Address
- Current Address
- Education
- Profession
- Marital Status
- Father/Mother/Spouse Name
- Co-Applicant Details
- Reference Contact
- Business Name
- Business Ownership Type
- Business Segment
- Turnover
- Date of Incorporation
- Business Office Address & Type
- Business Income Proof (Bank Statement / GST Details)
- Business Ownership Proof (GST Details / Udyam Registration Certificate / Shop & Establishment Certificate / FSSAI License)
- Disbursement Bank Account Details
- eNACH/UPI e-mandate
Business Loan EMI Calculator: Plan Your Repayment with Ease
How to Apply for a Business Loan Online on KreditBee?
- 1Sign up using your mobile number
- 2Enter basic information and check eligibility
- 3Verify your profile by uploading KYC documents
- 4Verify your business by uploading KYB (Know Your Business) documents
- 5Provide bank account details
- 6Choose a loan amount and tenure
- 7Receive the funds directly in your bank account
Purpose and Uses of Business Loans: Fueling Your Entrepreneurial Ambitions
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Enhancing Working Capital or Bolstering Cash Flow
Ensure smooth day-to-day operations and meet immediate financial obligations with a business loan.
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Purchasing Inventory or Replenishing Stock
Maintain optimal stock levels and capitalise on market opportunities by investing in inventory.
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Hiring More Staff
Expand your team and talent pool to increase productivity and efficiency.
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Purchasing New Assets
Invest in equipment, machinery, or technology to upgrade your business infrastructure and stay competitive.
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Consolidating Existing Debt
Streamline your debt obligations and potentially lower interest rates by consolidating multiple loans into a single business loan.
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Marketing your Products and Services
Reach a wider audience and boost sales by allocating funds to marketing and promotional activities.
Frequently Asked Questions
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1. Who is eligible for a business loan?
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2. What are the requirements to get a business loan?
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3. Can we get a loan to start a business?
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4. What is a business loan EMI?
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5. How to calculate interest on a business loan?
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6. What are the benefits of a business loan?
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7. Can business loans be used for personal purposes?
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8. Can you get a business loan with bad credit?
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9. What is the purpose of a business loan?
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Business Loan
Boost your business with an easy loan of ₹6,000 to ₹5 Lakhs, repayable over 6 to 48 months. Get fast approval, minimal paperwork, and quick disbursal to support expansion, working capital, or new opportunities. Apply easily with your PAN card, address proof, and business proof!
