Self-employed individuals/ professionals (like doctors, architects, chartered accountants, business consultants)
Sole proprietorship firms
Partnership firms
Private limited companies
Closely-held and public limited companies

Your firm should be at least 3 years old with a minimum turnover of 50 lacs, It should be in profit, transactions should be done via current a/c, business owners must have property ownership, firm should be GST registered

Typically, 7 working days after all documents are submitted,

An unsecured business loan ranges from Rs 10 lakhs up to Rs 40 lakhs, depending upon the financial eligibility,

The loan tenure generally ranges between 12 to 36 months,

Interest rates entirely depend upon the loan amount, credit assessment, and other risk-based parameters applicable from time to time, The rate is usually fixed,

For monthly payments, banks may request for an Electronic Clearing System (ECS) form to be signed by you linking your salary or operational account, Besides ECS, at the time of applying for the loan, banks may ask you to submit post-dated cheques, Do clarify your ECS debit date with the bank so you can ensure sufficient balance for payment clearance,

Once your application has been electronically processed and received, it will be securely sent to the financial institution of your choice, We will be in touch with you throughout the disbursement process,

In an unlikely scenario of rejection, we will help you rectify the shortcoming and re-process the application,

KYC documents ID proof : PAN card, Aadhar card, Address proof of office and residence: Electricity bill/ telephone bill/ property tax receipt/ registered rent agreement/ post-paid phone bill/ sale deed of agreement Partnership deed and PAN card (for partnership firm) MOA & AOA, COI, PAN and ITR/Financials including audit report(If audited)

You can browse, compare and apply for a loan from here,

Yes, but most financial institutions allow part pay after 6 months from the date of disbursement,