“Simple and Affordable Business Loans:
- Quick application and approval process:
- Low Interest Rates:
- Flexible repayment terms:
- Fast funding:
“Fast funding, flexible repayment, competitive interest rates, and improved cash flow management for business growth and success.”
Benefits of Business Loan
| Benefits | Details |
|---|---|
| Quick Approval | Quick Approval and Minimum Documentation. |
| Low interest rates | Competitive interest rates, starting from 11.99% per annum. |
| Flexible repayment tenure | Repayment tenure ranging from 12 to 60 months. |
| Quick disbursal | Fast loan disbursal, often within 24-48 hours. |
| Easy application process | Simple and hassle-free application process, with minimal documentation. |
| Emergency funding | To address unexpected expenses or financial shortfalls |
| Multi-purpose loan | Can be used for various purposes, such as Working Capital, Expansion and Growth, Equipment and Machinery, Inventory and Supplies, Marketing and Advertising, Debt Consolidation. |
| Branch Vigit | You can apply for a loan in banks and NBFCs through Approve Money without visiting the branch. |
| Eligibility Criteria Of a Business Loan | |
|---|---|
| Business Age | Typically, lenders require businesses to be at least 12 months to 2 years old. |
| Business Type | including sole proprietorships, partnerships, LLCs, and corporations. |
| Annual Revenue | Minimum annual revenue, ranging from ₹40 lakhs to ₹1 crore or more |
| Credit Score | A good credit score (usually 650+ for businesses and 700+ for owners) is essential for loan approval. |
| Industry | As Per Bank |
| Owner’s Experience | Lenders may consider the owner’s business experience and expertise. |
| Business Plan | A solid business plan and financial projections may be required for loan approval. |
| Documents Required For Business Loan | |
|---|---|
| PAN Card | Mandatory for all loan applications. |
| Aadhaar Card | Required for KYC (Know Your Customer) verification. |
| Identity Proof | PAN Card, Aadhaar Card,Passport, Driving License,Voter ID |
| Address Proof | Utility bill, gas bill, water bill, Passport, Rental Agreement, Bank Statement |
| Business Registration Documents | GST Certificate of Incorporation , Partnership Deed, etc |
| Financial Statements | Balance Sheet, Profit & Loss Statement |
| Tax Returns | Income Tax Returns, GST Returns |
| Bank Statements | Latest 6 months’ bank statements |
Application Process For a Business Loan Through Approve Money
| Approve Money | To apply for personal loan from various lenders you can visit approvemoney.com |
| Step 1 | Click To Apply |
| Step 2 | Enter applicant's basic details |
| Step 3 | Enter applicant's Address Details |
| Step 4 | Enter applicant's Employment Details |
| Step 5 | Upload applicant's Documents Proof |
| Step 6 | Add Loan References |
| Step 7 | Submit And Wait For Lender Responce |
Benefits of Business Loan
| Benefits | Details |
|---|---|
| Quick Approval | Quick Approval and Minimum Documentation. |
| Low interest rates | Competitive interest rates, starting from 11.99% per annum. |
| Flexible repayment tenure | Repayment tenure ranging from 12 to 60 months. |
| Quick disbursal | Fast loan disbursal, often within 24-48 hours. |
| Easy application process | Simple and hassle-free application process, with minimal documentation. |
| Emergency funding | To address unexpected expenses or financial shortfalls |
| Multi-purpose loan | Can be used for various purposes, such as Working Capital, Expansion and Growth, Equipment and Machinery, Inventory and Supplies, Marketing and Advertising, Debt Consolidation. |
| Branch Vigit | You can apply for a loan in banks and NBFCs through Approve Money without visiting the branch. |
| Eligibility Criteria Of a Business Loan | |
|---|---|
| Business Age | Typically, lenders require businesses to be at least 12 months to 2 years old. |
| Business Type | including sole proprietorships, partnerships, LLCs, and corporations. |
| Annual Revenue | Minimum annual revenue, ranging from ₹40 lakhs to ₹1 crore or more |
| Credit Score | A good credit score (usually 650+ for businesses and 700+ for owners) is essential for loan approval. |
| Industry | As Per Bank |
| Owner’s Experience | Lenders may consider the owner’s business experience and expertise. |
| Business Plan | A solid business plan and financial projections may be required for loan approval. |
| Documents Required For Business Loan | |
|---|---|
| PAN Card | Mandatory for all loan applications. |
| Aadhaar Card | Required for KYC (Know Your Customer) verification. |
| Identity Proof | PAN Card, Aadhaar Card,Passport, Driving License,Voter ID |
| Address Proof | Utility bill, gas bill, water bill, Passport, Rental Agreement, Bank Statement |
| Business Registration Documents | GST Certificate of Incorporation , Partnership Deed, etc |
| Financial Statements | Balance Sheet, Profit & Loss Statement |
| Tax Returns | Income Tax Returns, GST Returns |
| Bank Statements | Latest 6 months’ bank statements |
Application Process For a Business Loan Through Approve Money
| Approve Money | To apply for personal loan from various lenders you can visit approvemoney.com |
| Step 1 | Click To Apply |
| Step 2 | Enter applicant's basic details |
| Step 3 | Enter applicant's Address Details |
| Step 4 | Enter applicant's Employment Details |
| Step 5 | Upload applicant's Documents Proof |
| Step 6 | Add Loan References |
| Step 7 | Submit And Wait For Lender Responce |
