Overview

Business loan is a suitable option for all the growing entrepreneurs to meet specific requirements pertaining to their business needs. It can be as simple as the installation of new machinery to as big as expanding the business to newer areas or starting a new venture.
 

Why should a business opt for business loan?
 

Convenience, less documentation, and quick processing help a businessman to easily explore new opportunities and set fund specifically for meeting business goals. The easy business loan offered by LoansJagat can help businesses to grow and manage their working capital requirements.
 

What is the advantage of a Business loan?

Unlike a personal loan, business loans could be availed for business needs and the amount is much bigger than the personal loans. Also, in case of companies, the liability belongs to the companies and not just to the individuals as is the case with the personal loans. Also, the online loan enablers like LoansJagat offer easy business loans without the requirement of any collaterals.
 

Why should I go with LoansJagat?

LoansJagat is an online marketplace that offers the complete flexibility to apply for an easy business loan and get the flexibility to choose from over 40 lenders by comparing the business loan terms. LoansJagat offers easy online business loan in India and ensure complete satisfaction while providing a dedicated relationship manager and absolute data privacy.
 

Types of Business Loan

Business Loan for Entrepreneurs

Starting a business, want to scale fast and acquire customers but don’t have any funds? Apply for a business loan now.
 

Business Loan for Working Capital
Apply for a loan and increase your working capital. Double your business’s productivity, output, and profits.
 

Business Loan for Expansion
Want to open 1 more warehouse, factory, or franchise? Think of business expansion and don’t worry about funds.
 

Business Loan for Debt Consolidation
Multiple businesses, multiple loans, and multiple EMIs? You can repay all your loans with just 1 EMI/month.
 

Business Loan for Overdraft Needs
Apply for an overdraft EMI-free loan even if you have 0 balance in your bank account. This will be your emergency fund, and you have to pay just interest on the used loan amount.
 

Business Loans Against Property
You can avail of business loans up to ₹2 crores if you plan to keep your property as collateral with the lending bank.
 

Business Loan for Cash Credit
If you have a good credit history and a financially stable business, then why not expand it? Apply for a short-term cash credit loan now.
 

Business Loans without Collateral
A business loan without any physical security? Yes, it’s possible with LoansJagat. What are you waiting for? Apply now!
 

Business Loan for Projects
You can apply for a business loan if you plan to upgrade your infrastructure, manufacturing, and machinery.
 

Business Loans for Startups
Do you have an idea for your new business but no capital? Then apply for a business loan if you have a startup.
 

Business Loans for MSEs
If you own a small business and plan to expand it, then you can apply for an MSE business loan.

Features & Benefits

You can quickly apply for business Loans to fund your business finances and enjoy multiple benefits attached to it. Some of the significant features and benefits are mentioned below.

You can apply for a business loan in 2 minutes with LoansJagat’s easy-access form.

Check your eligibility for a business loan for free. Scroll up on this page.

With 2,000 crore+ successful loan disbursals, we guarantee instant loan approval.

Apply for a loan online without leaving the comfort of your home.

We value your time; that’s why we just ask for 6-7 basic digital documents.

Call LoansJagat and get a business loan without any collateral or physical security.

Eligibility

Who can apply:

• Minimum 2 years business existence
• Credit score - 700 or above

• One ownership is mandatory   

  ( residence or office)

Age:

Minimum 21 years and Maximum 65 years

Required Documents

   

Identify Proof

Any of the following

• Passport
• Voter ID
• Driving License
• Aadhar Card (Mandatory)
• Pan card (Mandatory)

   

Address Proof

Any of the following

• Passport
• Utility Bill
• Aadhar Card
• Driving License

   

Other Documents

• Current account bank statement   ( Last 1 year)
• Income tax returns ( Last 2 years)
• Proof of office address
• Proof of business existence
• GST registration certificate
• Proof of residence or office ownership

Calculator

Calculate your Loan EMI in 3 easy steps. Use the slider to set your loan amount, interest rate and tenure to understand your loan summary

How to Apply

At LoansJagat, we provide ideal business loans easily and effectively without having a tough process of application. The aim is to offer an untroubled process so that no one has to wait for their dream to become a reality. Apply for a loan today!

• Scroll Up. Fill in your business details. For example, your email, company name, and DOB.
   
• Fill in your business details. For example, your email, company name, and DOB.
   
• Mention your credit score, PAN number, and salary-related information.
   
• Compare the offers from 20+ banks and NBFCs before applying for loans.
   
• Organise all the documents, like the Aadhaar Card, PAN Card, residential proof, KYC details, and past 3 months' bank account statement. Submit these documents when needed, all digitally.
   
• After successful document verification, your loan will be approved and money will be credited to your bank account within 24 hours.

Tips to Avoid Loan Rejection

The required recommendation assists in enhancing the chances of loan approval to abstain from the rejection possibility of business loans.
 

1. CIBIL Score Above 700
 You have a high chance of loan approval if your CIBIL score is more than 700. So, try to increase your credit score to match this number.
 

2. Lower Debt-To-Income Ratio
If your business heavily depends on your credit card, even after utilising the monthly profit, the chances of loan approval are low.

3. Clear Existing Debts

If your business heavily depends on your credit card, even after utilising the monthly profit, the chances of loan approval are low.

4. Provide Verified Information

Don’t lie about your information over the tele-verification process. If found not true with supporting documents, the chances of rejection increase.

5. Stable Business

Make sure that you have a profitable business for more than 1 year. If you have a history of flop businesses, then banks might hesitate to lend you a loan.

6. Credit Report of Last 6 Months

When you are planning to apply for a loan, make sure that your credit history of the last 6 months is up to the mark.

7. Timely EMI Repayments

If you pay your loan EMI on the due date/month. Then your credit score will boost instantly. This will guarantee instant loan approval.

8. Don’t Engage in Paid Fantasy Gaming Apps

Avoid getting addicted to betting on paid fantasy gaming apps like Dream 11, Ludo, Poker, etc. Remember, there is no shortcut to long-term wealth.

9. Clean Business Bank Account Statement

Do not engage in external transactions on major stockbroking platforms. Try to keep a clean transaction history of your business bank account.

10. Multiple F&O Transactions in the Stock Market

Investing in derivative products like Future and Options (F&O) trading is a very risky scenario if you are planning to avoid loan rejection.

11. Average Bank Balance

If you can retain 25% of the profit generated from monthly sales as savings in your bank account, then banks will prefer to approve your loan application.

FAQ’s