Grow your startup business with an instant loan. 24hrloan provides up to 30 lakh business loans in pan India. You can apply for a business loan from anywhere in India. Get approval within 3 days. This is a fully digital process.
We are going to cover how to get a business loan up to 30 lakh.
Business Loan Quick Recap
|Loan Amount||Up To 30 Lakh|
|Interest Rate||15% to 18% p.a.|
|Tenure||1 -3 years|
|Age Required||21 -65 years|
|Income Required||12 lac per annum|
|Processing Fees||Up to 3% of the loan amount|
|Eligible For||Self Employed|
Benefits of Business Loan
Fast Process: 24hrloan offers fast business loans. Loan approval within 3 days. Apply for a loan from home.
Digital Loan: This is a 100% digital loan process. Just upload documents to get instant approval.
High Loan Amount: You can get up to 30 lakh business loans.
Affordable EMI: Business loan comes with up to 36 months of flexible repayment tenure.
Minimum Documents: Required minimum documents to apply for a business loan.
Lower Interest Rate: Business loan comes with an 11% to 18% interest rate.
Unsecured Loan: A business loan is a fully unsecured loan. Don’t require to give any property paper to apply.
Also Read: Fi Money Personal Loan
Eligibility Criteria for Business Loan
Fulfill basic eligibility criteria to apply for a business loan:
- Indian Citizen
- Age 21 to 65 yr required
- Minimum 1 yr vintage Proof
- Minimum Annual turn over the required Rs. 12 lakh
- Not defaulter at previous loan track
- CIBIL score required -1/700+
- Pan Card
- Aadhaar Card
- 1 yr. Bank Statement pdf format
- 2 yr Trade License required
- Residential proof (Electricity Bill)
How to Apply for Business Loan
Step 1: Click on the “Apply Lendingkart Loan” button to start the process
Step 2: Enter your mobile number
Step 3: Enter the KYC details
Step 4: Upload KYC documents & bank statement
Step 5: After the check CIBIL & eligibility criteria, you will get the loan offer.
Within 72hr money will be credited to your bank account.
Also Read: Flipkart Pay Later EMI
Contact 24hrloan for any queries. Drop an Email to our mail id [email protected]. We will reply to your message within 24hr.
FAQs on Business Loan
Is a business loan available for a pan India location?
You can apply for a business loan from anywhere in India.
How much loan amount is available?
Minimum Rs. 50,000 to maximum Rs. 30 lakh loan available.
What is the minimum criterion required to apply?
Yearly 12 lakh transactions required with a recent 3-month average bank balance of 8,000 required.
Can I apply for a loan with -1 CIBIL?
You can apply for a loan with a -1 CIBIL score or a 700+ CIBIL score.
How to download bank statements?
Log in through net banking user id & password and download 1 yr bank statement pdf format.
What is the minimum age required?
The minimum age required is 21 yr the maximum age required is 65 yr.