Managing a business is challenging, mainly if it is still relatively new yet overgrowing.
With interest rates up to 15% per year and simple application processes, a business loan from the Getloanoffer.in the website could be your best choice.
Apply for an instant business loan online in India with up to 30 Lakhs approval.
Business Loan Online Quick Recap
| NBFC Company | IIFL Finance |
| Interest rate | 11.95% – 18% p.a. |
| Loan Amount | Up to Rs. 30 Lakhs |
| Approval Process | Online |
| Loan Tenure | Up to 5 years |
| Eligibility Age | 23yr – 60yr |
| Processing Fees | 2%-3% + GST |
| Eligible for | Self-Employed Persons |
Also Read: Bank of Baroda Digital Mudra Loan
Benefits of Instant Business Loan Online
Quick Approval of Loans: Your application for a small business loan may be processed and approved in as little as 48 hours if all the necessary paperwork is submitted promptly.
Collateral Free: Not having sufficient assets as security prevents many small and medium-sized firms from obtaining bank loans. Our small company loans, on the other hand, need no collateral.
Minimum Documents Required: Collateral-free loans make getting a loan faster and less bureaucratic. Online business loans without collateral need just four forms of documentation from businesses: evidence of identification, proof of residency, proof of income, and proof of operation.
Easy Repayment Facility: One of the fantastic aspects of our small business loans is the daily payments option. You may make a little payment toward the loan balance every day if you have extra money. The interest you pay on a loan may be lowered with early repayment, which can be accomplished through consistent daily payments.
Fully Online Process: You may apply for a business loan sitting at your workplace or home. Simply fill out the application as directed. All paperwork may also be uploaded and submitted online.
Quick Approval: Loans up to Rs.30 lakhs are available without any additional paperwork or waiting time, and they are approved instantly. Instant loan approval is available via IIFL NBFC Company.
Instant Business Loan Online Fees & Charge
| Interest rate | 11.95% – 18% p.a. |
| Processing Fee | 2%-3% + GST |
| Late Fee Charges | Rs. 500+ GST |
| Maximum Loan Tenure | 60 Months |
Also Read: Instant Cash loan in 1hr.
Eligibility for Instant Business Loan Online
- The minimum age to apply is 23 years old.
- Indian Citizenship
- Minimum Cibil required 700+ or -1 Cibil accepted
- Good Banking required (Maintain Average Balance Every Month)
Documents Required for Instant Business Loan
- Aadhaar Card
- Pan Card
- Business Vintage Proof ( 2 yr. Trade Licence/ IT File/ GST File/ MSME Certificate)
- Recent 6 months Bank Statement
- Email ID
- Phone No
Who is eligible to apply for a Business Loan?
A business loan may be applied for by any registered or unregistered firm in India. However, at Getloanoffer, we take satisfaction in helping medium and small businesses in getting cash when they are required. So, if you own any of the following companies, apply for a fast business loan at Getloanoffer:
- Grocery Shop
- Construction Business
- Restaurant
- Pharmacies
- Fruit Shop
- Garments Shop
- Online Trading
- Manufacture Business
- Serviceable Business
Also Read: Paytm Business Loan
Online Business Loan Application Process: How to Apply
Follow these steps to apply for a new business loan online:
Step 1: Click on the “Apply Loan” button & you will redirect to the main page.
Step 2: Enter the Aadhaar link phone number for the loan application process and click on the “NEXT” button.
Step 3: Now, fill in the Name, Email id, Phone no, Residential Pin Code, Employment Type & Loan Amount. After that click on the “Submit” button.
Step 4: After that, you will main page for IIFL Business Loan. Just click on the “Apply for Loan” button.
Step 5: Now, enter your phone no for OTP Verification.
Step 6: After OTP verification, you will have to enter your Full Name & Email id. And click the check box and click the “NEXT” button.
Step 7: Click on the “SEND OTP” button.
Step 8: Now give your OTP that is sent to your mobile and click on “Verify Phone Number”.
Step 9: Now fill in your basic details like Pan Number, Date of Birth, and Gender & Residential Pin Code. After full fill Click on the “NEXT” button.
Step 10: Now IIFL Check your Cibil report. If you have an alternative phone just enter the box or just click on the “SUBMIT” button.
Step 11: If you are eligible to pass the cibil track, you have selected the bank that is used for business purposes and uploads the 6 months statement PDF format.
Step 12: If you have good banking, you will get the loan offer and see the Loan Amount & Loan Tenure per month EMI.
Step 13: Just Click on the “Apply for Loan” button & now you have filled out the E-KYC form.
Step 14: Now you have to fill out the E-KYC process.
First, Upload your Selfie through mobile (If you apply for the loan through the computer, copy your link and share through WhatsApp and open it to mobile)
Second, Upload a Pan Card Picture
Third, Upload Aadhaar Card Both Side image
Fourth, Upload Trade Licence or MSME Certificate, or GST Certificate.
Step 15: Now you have filled in the 3 little steps to end the process.
First, Verify your Bank account (verify the account that you upload at the loan process time by giving the proper ifsc code)
Second, Click on the “Setup Auto Pay” button and start the E-mandate process. Just put your Debit card details or Net Banking ID & password to start your E-mandate.
Third, Sign your loan agreement through OTP verification.
After completing the process, our team will contact you for document verification. You will need the Current Bank Statement in PDF format.
Now IIFL verifies your Business and you will the loan amount to your bank account. It takes 6 to 14 days to get the loan amount.
If you have any queries regarding loan apply, you can mail us. Our mail id is [email protected]. Our team will contact within 24 hours.
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