About Business Loan

Fuel the growth of your business by taking a business loan with Express Paisa and empower your enterprise with high profitability to gain an edge over your competitors. Be it a full-fledged established business or a start-up, we believe in your vision and work towards enhancing its growth aspirations by providing the required capital.

What is a Business Loan?

A business loan is a secured/unsecured loan taken by a company for its growth or functioning and is the debt that the company is obligated to repay according to the loan’s terms and conditions. A business loan is procured to facilitate capital for business expansion, investing in infrastructure or starting a new business.

In the process of procuring a business loan it is crucial to have a financial partner who has high expertise, credibility and reputation for excellent customer service. A business loan with flexible repayment and low interest rate will ensure the stability for a business and help in enhancing the business profitability.

Why Borrow a Business Loan?

Few top reasons for which a business loan can be procured are

  • Business expansion
  • Business diversification
  • Hiring fresh talents
  • Working capital
  • Invest in company infrastructure and assets
  • Starting a new business

Who Can Borrow a Business Loan?

  • Self-employed individual
  • Limited or private limited firm
  • Manufacturer or service provider
  • A Start up or a SMB (Small and medium businesses)
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What is the Eligibility for a Business Loan

It is essential to know your eligibility before applying for a business loan as it defines the type and amount of the loan that you can apply for

A Self-employed Professional

For a self-employed professional of age between 21-65 yrs.

Business Presence and Turnover

The business should be in operation for 3 years with taxable income of above 2 Lakhs per annum.

Loan Amount

The amount of business loan sanctioned is decided based on the company turnover and can vary from Rs.25,000 to a maximum of Rs.1 Crore.

Documentations

  • KYC documents of promoters, partners or directors
  • Registered partnership deed (for partnership firms)
  • Memorandum of Association(MOA) / Articles of Association(AOA) along with shareholding pattern (for pvt. Ltd. Firms)
  • Shop and establishment certificate/VAT/Sales Tax Registration Certificate
  • Last 3 years financials with audit report
  • Last 6 months Bank statement of all bank accounts including savings account, current account and/or CC limit
  • Existing facility sanction letter/ Repayment Track Record (RTR) of existing loan, if any
  • Proforma invoice of machinery, in case of Plant and Machinery Loans

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Steps at Express Paisa

Unlike other finance companies Express Paisa goes that extra mile in understanding a customer and then suggesting an apt product for the loan. Your personal banking executive from Express Paisa will be at your doorstep on demand to clear all your doubts and present you a perfect loan product.

It follows the following 4 simple steps for a quick approval of your loan

Select Loan Type

We will customize offers with the top banks and best deals for you covering all your needs, all at the comfort of your home

Application Submission

No need to take a single step out of your house as we will help you from application form filling to documents collection and submission

Verification by Banks and Credit Assessment

We will provide complete assistance on bank’s internal checks on your identity, residence, office, income, CIBIL, risk assessment

Instant Loan Approval and Disbursement

We will do the required follow ups with the banks and ensure you a smooth delivery of loan amount in your bank

Why Express Paisa?

There are companies and agencies which claim to provide loans with attractive numbers and offers but it is crucial to know the minute intricacies before finalization for the loan not to be a burden.

At Express Paisa, the team of experts help the borrower with the accurate information of the loan type to be availed by understanding the specific requirement and then suggesting the optimal one with best interest rates.

  • Partnerships with over 50 Banks
  • 1 Crore+ Satisfied Customer Base
  • 125 Crore+ Monthly Loan Disbursal
  • Present in 75+ Locations Pan India
  • Hassle Free Express Loan Approval
  • Complete End to End Support
  • Services at the Comfort of Your Home with Home Delivery
  • 100% Free of Cost Service – No Hidden Charges
  • Negotiations for Higher Discounts & Lower Interest rates
  • Instant Quotes for Quick Decision Making
  • One Stop Shop for Applying and Comparing Loans
  • Average Ratings of 4.5+ by over Million Customers

Frequently Asked Questions

You can avail the loan amount from Rs.50, 000/- to Rs.1, 00, 00,000/. It depends upon your repaying capacity, income, its source and respective location product cap.

Business loan demands no security or collateral while availing it.

The tenures offered for a business loan ranges from as low as 1 year to as high as 5 years. Choosing a higher tenure to repay the loan reduces the EMI burden and in some cases eligibility of the loan amount gets increased as well.  We at Express Paisa help you compare loan amount, tenure and rate of interest available from different banks and financial institutions suitable for you.

Testimonials

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Now apply for a Business Loan online, All you need to do is provide your details below application form.

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