About Business Loans
Loanpao’s Business Loans provide the financial support you need to grow your business, manage working capital, or fund new projects. With competitive rates and quick disbursal in Delhi, India, we help your business thrive.
Why Choose Our Business Loan?
- Interest Rates starting at 10.0% p.a.
- Loan Amount from ₹5 Lakh to ₹5 Crore
- Flexible Tenure up to 5 Years
- Up to 80% of project cost
- Approval within 5-7 business days
- Minimal documentation
- Collateral: Optional (based on loan amount)
- Special rates for established businesses
Are You Eligible?
| Criteria | Requirement |
|---|---|
| Applicant | Business owners, startups, or SMEs |
| Business Age | Minimum 1 year of operations |
| Collateral | Optional; property/business assets for larger loans |
| Credit History | No major defaults; credit score 700+ preferred |
What Documents Do You Need?
- KYC: Aadhaar / PAN / Voter ID of owner
- Business Proof: GST registration, Udyam certificate
- Financials: ITR, profit & loss statement
- Bank Statements: Latest 12 months
- Collateral: Property/business asset documents (if applicable)
Attractive Interest Rates & Affordable Fees
| Bank/Lender | Interest Rate | Processing Fee |
|---|---|---|
| SBI | 10.0% p.a. | 1.0% or ₹10,000 |
| HDFC Bank | 10.25% p.a. | 1.5% or ₹12,000 |
| ICICI Bank | 10.5% p.a. | 1.5% or ₹12,000 |
| Axis Bank | 10.75% p.a. | 1.25% or ₹11,000 |
| Kotak Mahindra Bank | 11.0% p.a. | 1.5% or ₹12,000 |
| Bank of Baroda | 10.25% p.a. | 1.0% or ₹10,000 |
| Union Bank of India | 10.5% p.a. | 1.0% or ₹10,000 |
| Punjab National Bank | 10.25% p.a. | 1.0% or ₹10,000 |
| IDFC FIRST Bank | 10.75% p.a. | 1.25% or ₹11,000 |
| Yes Bank | 11.0% p.a. | 1.5% or ₹12,000 |
| NBFCs | 11.5% p.a. | 2.0% or ₹15,000 |
| Co-operative Banks | 10.5% p.a. | 1.0% or ₹10,000 |
Extra Charges:
- Late Payment Charges: 2% p.m. on overdue amount
- Prepayment Charges: 4% on outstanding amount
- GST: Applicable on processing fees
Note: Rates and fees are indicative as of April 2025 and subject to change.
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How to Apply for a Business Loan
- Complete the online or offline application with business details.
- Submit KYC, business, and financial documents.
- Provide collateral details if applicable.
- Undergo verification of business and credit history.
- Review and accept the loan offer.
- Receive funds within 5-7 business days.
Common Questions About Business Loan
What is a Business Loan?
A Business Loan provides funding for business expansion, working capital, or new projects.
Who can apply for a Business Loan?
Business owners, startups, or SMEs with at least 1 year of operations and a credit score of 700+ preferred.
What is the maximum loan amount?
Up to ₹5 Crore or 80% of project cost, whichever is lower.
How long does approval take?
Approval takes 5-7 business days after verification.
Can I prepay the loan?
Yes, prepayment is allowed with 4% charges on outstanding amount.
Is collateral required?
Collateral is optional; required for larger loans (property/business assets).
What is the repayment tenure?
Up to 5 years, with flexible repayment options.
Are there special offers?
Yes, special rates for established businesses and waived processing fees for select applicants.
What documents are needed?
KYC, business proof, financials, bank statements, and collateral documents if applicable.
How does it affect my credit?
Timely repayment improves your credit profile, while defaults may limit future loan eligibility.