BUSINESS LOAN

Grow Your Business with Funding Up to ₹5 Crores

Whether you're expanding operations, buying equipment, or managing cash flow — get the right business loan from India's top banks and NBFCs with expert guidance.

12%

From p.a.

₹5 Cr

Max Loan

7–10 Days

Disbursal

Business Loan Snapshot

Loan Amount₹1 Crore

Interest Rate12% p.a.

Monthly EMI₹2,22,444/mo

Tenure5 Years

CollateralOptional

Business VintageMin 2 Years

KEY FEATURES

Why Get Your Business Loan Through FinGarage?

Loans for All Business Types

Sole proprietorships, partnerships, private limited companies, and LLPs — all are eligible. We have loan products tailored to your business structure and vintage.

Expansion & Capex Funding

Fund business expansion, purchase machinery or equipment, acquire commercial property, or open new branches — structured loans designed for growth capital needs.

Fast Processing

Our dedicated business loan desk ensures faster turnaround compared to direct bank applications. Most cases are processed and sanctioned within 7–10 working days.

Secured & Unsecured Options

Choose between collateral-backed loans at lower rates or clean unsecured business loans based on your turnover and banking track record. We structure what works best.

Turnover-Based Eligibility

Loan eligibility is calculated based on your annual turnover, profit, banking behaviour, and GST returns — not just income tax filings, making it accessible to more businesses.

Expert Business Financial Advisory

Our advisors understand business finance deeply. We help you structure the loan correctly — right product, right tenure, right lender — to minimize cost and maximize flexibility.

ELIGIBILITY

Who Can Apply?

Business loans are available for established businesses with a proven track record. Here are the standard eligibility criteria across most lenders:

✓Proprietor, partner, or director aged 21–65 years
✓Business vintage of minimum 2 years in the same line of activity
✓Minimum annual business turnover of ₹40 lakhs
✓Business should be profitable for at least 1 of the last 2 years
✓CIBIL score of 700+ for promoter and business entity
✓GST registration and regular return filing preferred

Documents Required

✓KYC documents of promoter (Aadhaar & PAN)
✓Business registration / GST certificate
✓ITR with profit & loss and balance sheet (2 years)
✓Bank statements (last 12 months)
✓GST returns (last 6 months)
✓Business ownership proof and address proof

THE PROCESS

How It Works

Discuss Your Business Need

Share your business profile, turnover, purpose of loan, and required amount with our business loan advisor for a detailed needs assessment.

Receive Customised Offers

We match your business profile with the most suitable lenders and present structured loan offers with rate, tenure, security requirements, and EMI details.

Document Submission

Submit business financials, KYC, and supporting documents. Our team handles the bank relationship, field investigation coordination, and CA liaison.

Sanction & Disbursal

Post credit committee approval, the loan is sanctioned and disbursed to your business account — typically within 7–10 working days of complete submission.

Frequently Asked Questions

What is the minimum turnover required for a business loan?

Most banks and NBFCs require a minimum annual turnover of ₹40–50 lakhs. However, some digital lenders and NBFCs offer loans to businesses with turnovers as low as ₹20 lakhs if the business has a strong banking track record and CIBIL score. We assess your specific profile and match you accordingly.

Can a startup get a business loan?

Traditional banks typically require a business vintage of 2+ years. However, government-backed schemes like MUDRA and CGTMSE, as well as some fintech NBFCs, provide loans to newer businesses based on the promoter's profile, business plan, and CIBIL score. We advise on the best available path for startups.

Is collateral mandatory for a business loan?

Not necessarily. Unsecured business loans up to ₹50 lakhs are available based on business turnover and banking behaviour. For larger amounts or lower rates, collateral (property, machinery, or securities) can improve eligibility and reduce the interest rate significantly.

Can I get a business loan if my company has reported a loss in one year?

A loss in one year doesn't automatically disqualify you, especially if the following year shows recovery and profitability. Lenders will assess the reason for the loss, business trajectory, cash flow from banking statements, and overall financial health before making a credit decision.

What is the interest rate range for business loans in India?

Business loan rates typically range from 12% to 22% per annum depending on lender type, business profile, collateral offered, and credit score. PSU banks generally offer the lowest rates (12–15%) for secured loans, while NBFCs and fintech lenders may charge 16–22% for unsecured or risk-heavy profiles.