Reach Your Business Goals with Our Simple and Convenient Business Loan Solution!
Secure fast funding to cover fixed asset expenses and effortlessly achieve your business objectives
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Business Loan
Collateral-free funding up to ₹75 Lakhs, disbursed in 5–7 days.
- Collateral-free (Unsecured) business loans
- Lump sum disbursement
- Overdraft (OD)
- Cash Credit (CC)
- 20+ banks & NBFCs
- Quick approval & disbursal
- Bank-grade data security
- Compare with zero credit-score impact
Business Loan options
The business loan products we help you compare and apply for across our partnered banks and NBFCs.
- Collateral-free (Unsecured) business loans
- Lump sum disbursement
- Overdraft (OD)
- Cash Credit (CC)
- Demand Overdraft (DOD)
Key features & benefits
Maximum loan amount of up to Rs.75 lakhs
Faster processing of loan – disbursement within 5-7 working day
Collateral free (Unsecured) loans
Flexible repayment tenure (up to 5 years)
Multiple lender options
Business Loan interest rates
Indicative business loan rates, processing fees and loan amounts across our partnered banks and NBFCs. Final terms are set by the lender on approval.
| Bank / NBFC | Interest Rate | Processing Fee | Loan Amount | Apply |
|---|---|---|---|---|
| ICICI Bank | 13.25% to 19.50% | 2% + GST | 2 lacs to 70 lacs | Apply |
| Kotak Mahindra Bank | 14.00% to 20.00% | 2% + GST | 5 lacs to 2 crore | Apply |
| HDFC Bank | 10.75% to 22.50% | 2% + GST | 1 lacs to 75 lacs | Apply |
| Axis Bank | 11.05% to 20.00% | 1.75% + GST to 3% + GST | 5 lacs to 75 lacs | Apply |
| IDFC Bank | 11.00% to 19.00% | 1.50% + GST to 3% + GST | Rs.10 lacs to Rs.1 crore | Apply |
| Godrej Capital | 17.00% | 3% + GST | 5 lacs to 50 lacs | Apply |
| L&T Housing Finance | 12.50% to 25% | 2% + GST | 1 lacs to 50 lacs | Apply |
| Axis Finance | 10.50% to 12.50% | 0.75% to 1% + GST | 20 lacs to 15 crore | Apply |
| Bajaj Finance | 09.75% to 30.00% | upto 3.54% | 2 lacs to 80 lacs | Apply |
| Piramal | 16.49% and above | upto 5% + GST | 3 lacs to 20 lacs | Apply |
| Tata Capital | 16.00% and above | upto 2% + GST | 3 lacs to 20 lacs | Apply |
| Poonawala Fincorp | 15.00% and above | 3% GST | 10 lacs to 50 lacs | Apply |
ICICI Bank
Apply- Interest Rate
- 13.25% to 19.50%
- Processing Fee
- 2% + GST
- Loan Amount
- 2 lacs to 70 lacs
Kotak Mahindra Bank
Apply- Interest Rate
- 14.00% to 20.00%
- Processing Fee
- 2% + GST
- Loan Amount
- 5 lacs to 2 crore
HDFC Bank
Apply- Interest Rate
- 10.75% to 22.50%
- Processing Fee
- 2% + GST
- Loan Amount
- 1 lacs to 75 lacs
Axis Bank
Apply- Interest Rate
- 11.05% to 20.00%
- Processing Fee
- 1.75% + GST to 3% + GST
- Loan Amount
- 5 lacs to 75 lacs
IDFC Bank
Apply- Interest Rate
- 11.00% to 19.00%
- Processing Fee
- 1.50% + GST to 3% + GST
- Loan Amount
- Rs.10 lacs to Rs.1 crore
Godrej Capital
Apply- Interest Rate
- 17.00%
- Processing Fee
- 3% + GST
- Loan Amount
- 5 lacs to 50 lacs
L&T Housing Finance
Apply- Interest Rate
- 12.50% to 25%
- Processing Fee
- 2% + GST
- Loan Amount
- 1 lacs to 50 lacs
Axis Finance
Apply- Interest Rate
- 10.50% to 12.50%
- Processing Fee
- 0.75% to 1% + GST
- Loan Amount
- 20 lacs to 15 crore
Bajaj Finance
Apply- Interest Rate
- 09.75% to 30.00%
- Processing Fee
- upto 3.54%
- Loan Amount
- 2 lacs to 80 lacs
Piramal
Apply- Interest Rate
- 16.49% and above
- Processing Fee
- upto 5% + GST
- Loan Amount
- 3 lacs to 20 lacs
Tata Capital
Apply- Interest Rate
- 16.00% and above
- Processing Fee
- upto 2% + GST
- Loan Amount
- 3 lacs to 20 lacs
Poonawala Fincorp
Apply- Interest Rate
- 15.00% and above
- Processing Fee
- 3% GST
- Loan Amount
- 10 lacs to 50 lacs
Rates are indicative and lender-provided; they vary by profile, amount and tenure. PakkaLoan does not lend directly.
Eligibility & documents
Check that you meet the criteria and keep these documents handy for a faster approval.
Eligibility criteria
- Business Type: sole proprietorships, partnerships, LLCs, corporations, and more
- Credit Score: A good credit score is often required
- Business Age: minimum operational history (a few months to a year or more)
- Annual Revenue: minimum requirement to ensure stable income
- Collateral: secured loans might require assets as collateral
- Cash Flow: evaluated to determine repayment ability
- Age Criteria: Min. 21 years at application & Max. 65 years at maturity
- Eligible Entities: Individuals, MSMEs, Sole Proprietorships, Partnership Firms, Public and Private Limited Companies, LLPs, retailers, traders, manufacturers (services/trading/manufacturing sectors)
- Business Vintage: Min. 1 year or above
- Business Experience: Min. 1 year, business location to remain same
- Annual Turnover: Shall be defined by the Bank/NBFC
- Credit Score: 700 or above (Preferred by most private and public sector banks)
- Nationality: Indian citizens
- Additional Criteria: Applicants must own either a residence, office, shop, or Godown
Documents required
- ITR
- ITR for the past 2-3 years
- Bank Account Statement
- Current Bank Account Statement for the last 12 months
- PAN Card
- Photocopy of PAN Card
- Residence Address Proof
- Voter Card, Passport, Aadhaar Card, Telephone Bill, Electricity Bill
- Business Address Proof
- Telephone Bill or Electricity Bill
- Financial Statements
- Last Financial Year's provisional Financials and future year's projections
- Business Profile
- Company's business profile on letterhead
- Photographs
- 2 photographs of promoters and property owners
- Existing Loan Documents
- Sanction letter and Repayment schedule
- GST Documents
- GST registration certificate and GST returns of the latest 2 years
- D-Vat/Sale Tax Registration
- D-Vat/Sale tax registration copy
- Udhayam Aadhaar
- Udhayam Aadhaar registration certificate
- Rent Agreement
- Rent agreement copy of factory and residence (if property is rented)
- Business Continuity Proof
- 3 years of proof such as old ITR or Company registration
- Company Documents for Pvt Ltd Companies
- Company PAN Card, Certificate of Incorporation, MOA, AOA, List of Directors, and Shareholding pattern
- Documents for Partnership Companies
- Partnership Deed, Company PAN Card
Not sure which offer fits?
Get a free, no-obligation callback from a loan expert who can compare business loan offers across our partnered banks and NBFCs and help you pick the right one. We forward your enquiry to a lending partner — we don't lend or decide approvals ourselves.
Request a callback
Leave your name and number and a loan expert will call you back to walk you through your business loan options. No obligation.
Fees & charges
The fees and charges usually vary from lender to lender and from case to case.
| Particulars | Charges |
|---|---|
| Loan Processing Fees | 0.5% to 4% of Loan Amount |
| Loan Cancellation | Usually 3000 to 5% of Loan Amount |
| Stamp Duty Charges | As per the Value of the Property and State Tax |
| Legal Fees | As per actual |
| Penal Charges | Usually 2% per month |
| EMI / Cheque Bounce | Approx 499/- to 599/- |
Loan Processing Fees
0.5% to 4% of Loan Amount
Loan Cancellation
Usually 3000 to 5% of Loan Amount
Stamp Duty Charges
As per the Value of the Property and State Tax
Legal Fees
As per actual
Penal Charges
Usually 2% per month
EMI / Cheque Bounce
Approx 499/- to 599/-
Estimate your business loan EMI
Seeded with indicative business loan terms. Adjust the amount, rate and tenure to see your monthly instalment and total interest.
Business Loan EMI calculator
Drag the sliders to estimate your monthly instalment, total interest and total amount payable. Figures are indicative.
- Principal75%
- Interest25%
Monthly EMI
₹84,529
over 60 monthly installments
Principal amount
₹38,00,000
Total interest
₹12,71,734
25.1% of total payment
Total payable
₹50,71,734
principal + interest
Checking offers won't affect your credit score.
Understanding your business loan
Plain-English context to help you compare offers with confidence. General guidance only — your final terms are always set by the lender on approval.
Collateral-free vs secured business loans
A collateral-free (unsecured) business loan does not require you to pledge property or other assets, which makes it quicker to arrange but usually means a higher rate and a smaller ceiling. A secured loan, backed by an asset, can unlock a larger amount at a lower rate but takes longer because the collateral has to be valued. The right choice depends on how much you need, how fast, and what you're comfortable pledging.
Lump-sum loan vs overdraft and cash credit
A term loan gives you a one-time lump sum that you repay in fixed instalments — useful for a defined purchase like equipment. An overdraft or cash credit line instead lets you draw and repay up to a sanctioned limit as needed, and interest is charged only on the amount you actually use. Many businesses pair a term loan for big purchases with a revolving line for day-to-day fluctuations.
What lenders look at in your business
Beyond the owner's credit profile, lenders typically assess how long the business has operated, its turnover, profitability and the stability of its cash flow before deciding the amount and rate. Keeping clean books, filing returns on time and maintaining steady bank-account activity generally strengthens an application. Indicative ranges in the comparison table are a starting point only; the final terms are set by each lender.
Business Loan FAQs
Common questions about business loan eligibility, rates, tenure and repayment.
A business loan is a financial product designed specifically for business purposes. It can be used to cover operational expenses, fund business expansion, purchase new equipment, or manage cash flow.
Eligibility for a business loan depends on factors such as the company's turnover, years of operation, profit margins, credit score, and the type of business. Lenders may also consider the business owner's personal credit score.
The loan amount you can borrow with a business loan varies by lender and your business profile. Typically, the loan amounts can range from ₹1 lakh to ₹5 crores , depending on the lender and your business's financial health.
Interest rates for business loans depend on various factors such as the type of business loan, the borrower's credit profile, and the lender's policies. Typically, interest rates range from 16% to 24%.
Yes, many lenders allow prepayment or foreclosure of business loans, although there may be penalties. It is important to check the prepayment terms before opting for early loan closure.
Repayment tenures for business loans vary depending on the lender and type of loan, typically ranging from 1 to 7 years. Short-term loans may have a shorter repayment period, while long-term loans offer more time.
Yes, many lenders offer the option to apply for a business loan online. The process usually involves filling out an application form and submitting the required documents digitally.
Yes, some lenders offer business loans to startups or new businesses. However, the eligibility criteria for such loans may be stricter. Lenders typically assess factors such as your business plan, projected revenue, industry potential, and your personal credit score. It may also help to explore government schemes or startup-specific loans designed to support new businesses.
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Important — please read
PakkaLoan is a digital loan-aggregation platform that helps users discover and apply for loan offers from partnered banks and NBFCs. PakkaLoan does not lend directly — final approval, interest rates and disbursal are determined solely by the respective lending partner. Loan offers are subject to standard credit-approval processes.
Business Loan interest rates, processing fees, eligibility and loan amounts shown are indicative, provided by partnered banks & NBFCs, and vary by your profile, amount and tenure. The EMI calculator gives an estimate only. PakkaLoan does not lend, charge borrowers a fee, guarantee approval, or pull your credit-bureau score; your details are shared with lending partners only with your consent.
Apply for your Business Loan today
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