Apply for a Small Business Loan | Quick Approval Up to ₹20 Lakh

Eligibility Criteria for Small Business Loans up to ₹20 Lakh

1. Age of Applicant: Must be between 21 to 65 years (some lenders allow up to 80 years at loan maturity).
2. Business Vintage: Business should be operational for a minimum of 1 to 3 years, depending on the lender.
3. Credit Score (CIBIL): A minimum score of 680–700 is generally required. A higher score improves loan approval chances.
4. Business Type: Registered entities such as: Sole Proprietorship, Partnership Firm, Private Limited Company, LLP or SMEs
5. Location: Business must be located in a serviceable area or pin code.
6. Financials: Should have consistent income, preferably with filed ITRs and GST returns for the past 1–3 years.
7. Banking Activity: Regular transactions in a business bank account with healthy turnover.

Documents Required for Small Business Loans up to ₹20 Lakh

Documents Required For Sole Proprietorship Business

List of documents required for Sole Proprietorship to get Collateral Free Business Loans up to ₹50 Lakh

1. PAN Card & Aadhaar – ID and address proof of the proprietor.
2. PAN Card & Aadhaar – ID and address proof of the co-applicant.
3. GST Certificate – Proof of business registration.(if available)
4. Trade Licance- 2-3 Years Trade Licance
5. Bank Statements : Last 6 to 12 Months Bank Statements.
6. ITR (1–2 years): Demonstrates income and repayment capacity.
7. Utility Bill or Rent Agreement: Proof of business address.
8. Photo: Photo of applicant and Co Applicant

Documents Required For Partnership Firm

List of documents required for partnership firm to get Collateral Free Business Loans up to ₹50 Lakh

1. Partnership Deed – Legal proof of firm formation and partners.
2. PAN Card (Firm & Partners) – ID proof for tax and credit checks.
3. GST Certificate / Business License – Valid business registration.
4. Bank Statements (6–12 months) – Reflects business financial activity.
5. ITR (Last 2 years) – Supports income verification.
6. Address Proof – Office utility bill or rental agreement.
7. Trade Licance- 2-3 Years Trade Licance
8. Photo: Photo of applicant and Co Applicant

Documents Required For Private Limited Company / LLP

List of documents required for private limited company to get collateral free business loans up to ₹50 Lakh

1. Certificate of Incorporation: Confirms legal registration of company.
2. PAN & TAN of Company: Required for taxation and loan application.
3. MoA & AoA / LLP Agreement: Details company objectives and structure.
4. GST Registration: Business tax registration document.
5. Director KYC (PAN, Aadhaar): Identity proof of key stakeholders.
6. Bank Statements (6–12 months): Proves operational turnover.
7. ITR + Audit Report (Last 2 years): Demonstrates financial health.
8. Office Address Proof:  Utility bill, lease, or rent agreement.

How to Apply for Small Business Loans up to ₹20 Lakh

1. Click on the "Apply Now" Button
   Start your application by clicking the "Apply Now" button visible on this page.
2. Provide Basic Business Information
   Enter your business name, type, and basic details, then click ‘Submit and Next’.
3. Fill Out Personal Information
   Enter the applicant's name, contact details, and PAN/Aadhaar info, then click ‘Submit and Next’.
4. Upload Required Documents
   Upload your business registration, bank statements, and identity proofs, then click ‘Submit and Next’.
5. Receive Loan Approval Email
   Once reviewed, you will receive an email confirmation of your loan approval.
6. Confirm Disbursement Details
   Review and confirm your loan amount, EMI plan, and disbursement preferences.
7. Get Funds in Your Bank Within 24 Hours
   After confirmation, the loan amount will be credited to your account within 24 working hours.