To succeed in business, you need both perseverance and a reliable cash flow. That’s where the 24hrLoan comes with Digital Business Loan. It’s a fast, fully online loan designed for small business owners who need quick capital without the usual paperwork mess. You can apply online, complete video verification, and get up to ₹5,00,000 directly into your bank account.
Digital Business Loan Quick Recap
- Loan Amount: Up to ₹5,00,000
- Interest Rate: Starting at 1.45% per month
- Verification: 100% digital through video KYC
- Tenure: 36 months
- Processing: Quick approval, disbursal within hours after verification
Benefits of Digital Business Loan
100% Online Process: You can take digital business without any verification process. The complete process is digital, and you can receive your loan online.
Fast Disbursal: Once your video KYC is done and documents are verified, funds are transferred directly to your account.
Flexible Usage: Use the loan for inventory purchase, equipment, renovation, or working capital — you decide.
No Collateral Required: It’s an unsecured business loan, so you don’t have to pledge any assets.
Transparent Terms: Fixed monthly interest rate of 1.45% with no hidden charges.
MSME-Friendly: Specifically tailored for small traders, shop owners, and entrepreneurs.
Eligibility Criteria
To apply for a Digital Business Loan, you need to meet these simple conditions:
- Must be a business owner, trader, or MSME entrepreneur
- Maintain at least ₹10,000 average balance in your business bank account
- Have a minimum CIBIL score of 700
- Hold a valid Trade License or MSME Registration
- Age: Between 21 and 60 years
- Business vintage: Minimum 1 year of operation preferred
Required Documents
Keep these documents ready before applying online:
- Business Proof:
- Trade License / MSME Certificate / Shop Establishment Certificate
- KYC Documents:
- Aadhaar Card
- PAN Card
- Bank Statement:
- Last 12 months (with ₹10,000 average balance maintained)
- Optional Proof (if applicable):
- GST certificate or utility bill in the business name
How to Apply for a Digital Business Loan Online
The following steps are required for the digital business loan process:
- Visit the 24hrLoan Website: Go to the Digital Business Loan section.
- Go to Apply Button: Select the “Apply Now” button to get the digital business loan.
- Fill the Online Application: Provide your business details, PAN, Aadhaar, and bank account info.
- Upload Documents: Submit your trade license/MSME and bank statement.
- Complete Video Verification: Join a short live video call for KYC verification.
- Loan Approval & Disbursal: Once verified, funds are credited to your account — often within 24 hours.
Why Apply Through 24hrLoan?
- Compare loan offers from multiple banks and NBFCs instantly.
- Get personalized loan matches based on your profile.
- Save time with one universal form for multiple lenders.
- Your data remains safe in a secure process.
Also Read: 5 Lakh Business Loan
Conclusion
The Digital Business Loan is ideal for small business owners who value speed, transparency, and convenience. With minimal paperwork, instant video verification, and flexible repayment options, it helps entrepreneurs get the capital they need fast.
If you’re ready to grow your business, apply online today through 24hrLoan and get your digital business loan approved within hours.