Instant Business Loan Without GST: 10 Lakh Loan Available

If you are a small business owner looking for quick funding but don’t have GST registration, you might be wondering if you can still get a loan. The good news is that instant business loans without GST are available for entrepreneurs who need immediate capital without a GST file.

A business owner can borrow up to a 10 lakh loan without a GST file. Many Banks & NBFC companies offer unsecured business loans only with a Trade License and an Income Tax file. Let’s check the information below to learn more.

Can You Get a Business Loan Without GST?

Yes! While many lenders require GST registration as proof of business documents, some financial institutions, NBFCs, offer business loans without GST file. These loans are designed for:

• Small businesses and startups
• Local traders, shopkeepers, and self-employed individuals
• Home-based businesses and freelancers
• Entrepreneurs businesses
• Businesses such as a garment shop, a grocery shop, etc.

Features of Instant Business Loans Without GST

Loan Amount: Obtain a business loan from ₹10,000 to ₹10 lakh from multiple lenders.

Quick Disbursal: The approved loan amount can be transferred within 24-48 hours.

Minimal Documentation: No need for GST file; basic KYC and income proof may be required.

No Collateral Required: This is an unsecured business loan. Get a loan without any security or collateral.

Flexible Repayment: Business loan without GST file available at a flexible term. Enjoy tenure ranges from 6 months to 48 months.

Who Can Apply for a Business Loan?

To be eligible for a business loan without GST, you generally need below criteria:
✔️ Age between 21 to 60 years.
✔️ A minimum business vintage of 1 year is required.
✔️ Recent 6 months’ bank statements are needed. 
✔️ Aadhaar and PAN card for identity verification.

Top Lender Provides Business Loan Without GST File

Banks / NBFCs	Interest Rate	Loan Amount	Repay Term
Faircent	14% p.a. to 21% p.a.	Rs. 50,000 to Rs. 10 lakh	12 months to 36 months	Apply Now
InCred	18% p.a. to 28% p.a.	Rs. 30,000 to Rs. 7.5 lakh	12 months to 48 months	Apply Now
Chola Finance	14% p.a. to 21% p.a.	Rs. 30,000 to Rs. 20 lakh	12 months to 60 months	Apply Now
Poonawalla  Fincorp	15% p.a. to 28% p.a.	Up to Rs. 50 lakh	Up to 3 years	Apply Now
FT Cash	12% p.a. to 22% p.a.	Up to Rs. 50 lakh	Up to 3 years	Apply Now
NeoGrowth	19% p.a. to 24% p.a.	Up to Rs. 75 lakh	Up to 7 years	Apply Now
FlexiLoans	12% p.a. onwards	Up to Rs. 1 crore	1 year to 5 years	Apply Now
LendingKart	12% p.a. to 28% p.a.	Up to Rs. 1 crore	12 months to 36 months	Apply Now
Ashv Finance	18% p.a. to 21% p.a.	Up to Rs. 40 lakh	12 months to 36 months	Apply Now
Aditya Birla	14% p.a. onward	Up to Rs. 15 lakh	12 months to 36 months	Apply Now
Tata Capital	16.50% to 19% p.a.	Up to Rs. 75 lakh	12 months to 36 months	Apply Now

Documents Required For Business Loan

Proof of Address: Aadhaar Card, Property Tax Receipt, Voter ID Card, Driving License, Utility Bill, or Rent Agreement.

Proof of Identity: Pan Card, Aadhar Card.

Proof of Business Documents: Trade License, Income Tax File, MSME Certificate.

Proof of Income: Current or savings account bank statement.

Also Read: Business Loans for Young Entrepreneurs in India

How to Apply for a Business Loan

1. Check lender eligibility and requirements for a business loan.
2. Gather necessary documents (Aadhaar, PAN, bank statements).
3. Choose a lender and apply online.
4. Get approval and receive funds within a few hours to a few days.

FAQs