Business loan
For every business, funding is a key concern and a requisite for scaling up. But getting loans is not that simple, especially for small businesses. This is where Paisa Loans promises to support. Our financial services are aimed at helping you overcome financial constraints and realize your business goals
Fulfil Your Every Need
Avail a loan of up to ₹50 lakhs (up to ₹75 lakhs in select locations) without any collateral, guarantor, or security to meet all your business needs—whether it’s for business expansion, working capital, or any personal requirements.
Transfer Loan Balance with Ease
Transfer your existing Business Loan to Paisa Loans for lower EMIs and enjoy our benefits:
✔ Attractive interest rates on loan balance transfer
✔ Flexible tenure of up to 48 months for easy repayment
Apply now and reduce your financial burden!
Dropline Overdraft Facility
Get an Overdraft Facility without any security. A separate Current Account is set up, and the limit drops monthly until the end of the tenure. Pay interest only on the amount utilized.
✔ Dropline Overdraft Facility ranging from ₹1 lakh to ₹25 lakhs*
✔ No guarantor/security required
✔ Tenure ranging from 12 to 48 months
✔ Attractive interest rates
Quick Eligibility Check & Fast Disbursal
Check your Business Loan eligibility online or at any branch in just 60 seconds. Loan disbursal is based on previous repayment history of Home Loans, Auto Loans, and Credit Cards.
Flexible Tenure
Repay your loan conveniently over a period of 12 to 48 months.
Convenient Borrowing
Need help with your loan? Contact us anytime via WhatsApp, Webchat, and Phone Support for seamless assistance.
Stay Protected
Ensure your loved ones’ financial security with Credit Protect by paying a nominal premium*:
✔ Protects your family by covering your loan in case of any unfortunate event
✔ Life coverage offers peace of mind
✔ No need to dip into savings to repay the loan
✔ Tax benefits as per applicable laws
✔ One convenient package – loan + insurance
The premium for this product will be deducted from the loan amount at the time of disbursal, after levying service taxes and applicable charges.
In case of natural or accidental death, the customer/nominee can avail of Payment Protection Insurance (Credit Protect), which covers the outstanding loan amount up to the maximum sanctioned limit.
*Terms & Conditions of the insurers shall apply.
Get the financial support you need with Paisa Loans today! 🚀
Eligibility Criteria for a Business Loan with Paisa Loans
If you meet the following criteria, you are eligible to apply for a Business Loan:
✔ Who Can Apply?
- Self-employed individuals, proprietors, private limited companies, and partnership firms engaged in manufacturing, trading, or services.
✔ Business Requirements
- Minimum annual turnover of ₹40 lakhs.
- The business should have been operating profitably for the last 2 years.
- A Minimal Annual Income (ITR) of ₹1.5 lakhs per annum.
✔ Experience Criteria
- Must have at least 3 years in the current business and a total of 5 years business experience.
✔ Age Criteria
- Applicant must be at least 21 years old at the time of application.
- Should not be older than 65 years at the time of loan maturity.
If you fulfill these criteria, apply for a Paisa Loans Business Loan today and take your business to new heights! 🚀
Paisa Loans Business Loan Interest Rates & Charges
✅ Special Discount for Senior Citizens
Senior Citizen Customers are eligible for a 10% discount on all service charges.
Late EMI Payment Charges
If EMI is not paid by the due date, interest will be charged on the unpaid EMI for the number of days delayed. This interest is calculated at your loan’s contracted rate and will be added to your next EMI.
🔹 Example:
📅 EMI Due Date: 10th
💰 Payment Made On: 25th
⏳ Delay: 15 days
💸 Impact: Interest for these 15 days will be added to your next EMI.
🔹 Avoid Late Fees! Pay on time to prevent additional interest charges.
Charges for Availing a Business Loan & Dropline Overdraft
✅ Government taxes and other levies as applicable will be charged over and above the Fees and Charges.
| Fee Type | Charges |
|---|---|
| Rack Interest Rate Range | Minimum 10.75% – Maximum 22.50% |
| Loan Processing Charges | Up to 2.00% of the loan amount |
| Stamp Duty & Other Statutory Charges | As per applicable state laws |
| NIL Processing Fees | Available for loan facility up to ₹5 Lakhs availed by Micro & Small Enterprises (subject to URC submission before disbursal) |
Post Loan Disbursement Charges
✅ NIL Premature Closure Charges for Fixed-rate loans up to ₹50 Lakh availed by Micro & Small Enterprises.
📅 Rates Offered to Customers (July 1, 2024 – September 30, 2024)
✔ Interest Type: Fixed
✔ Annual Percentage Rate (APR): As per the applicable rate during this period
🔹 Loan disbursal at the sole discretion of Paisa Loans.
Apply for a Paisa Loans Business Loan today and enjoy flexible financing with transparent charges! 🚀
Required Documents for Paisa Loans Business Loan Application
To apply for a Business Loan with Paisa Loans, please ensure you submit the following documents:
1. Identity Proof (Any one of the following)
✔ Aadhaar Card
✔ Passport
✔ Voter ID Card
✔ PAN Card
✔ Driving License
2. Address Proof (Any one of the following)
✔ Aadhaar Card
✔ Passport
✔ Voter ID Card
✔ Driving License
3. Financial Documents
📌 Bank Statement – Last 6 months
📌 Latest ITR along with:
- Computation of Income
- Balance Sheet
- Profit & Loss Account for the previous 2 years (CA Certified/Audited)
4. Business Continuation Proof (Any one of the following)
✔ ITR (Income Tax Return)
✔ Trade License
✔ Establishment Certificate
✔ Sales Tax Certificate
5. Other Mandatory Documents
📌 For Sole Proprietors – Sole Proprietor Declaration
📌 For Partnerships – Certified Copy of Partnership Deed
📌 For Private Limited Companies –
- Certified Memorandum & Articles of Association (by Director)
- Board Resolution (Original)
🔹 Ensure all documents are valid and updated for a smooth loan approval process.
Apply today and get fast, hassle-free financing with Paisa Loans! 🚀
Have any Questions? Call us Today!
8247379008
Brochures
Download our brochures for detailed information on our loan offerings.