Introduction
Designed specifically for small and medium enterprises (SMEs), KreditBee's business loans empower entrepreneurs like you to achieve your goals. Whether it's starting a new venture, expanding your operations, or managing everyday expenses, a personal loan for business is perfect for such uses.
Get a hassle-free business loan from ₹1,000 to ₹4 Lakhs directly into your bank account. Simply keep your PAN card, Aadhaar card, and a business or income proof handy when applying.
Choose a repayment tenure that suits your cash flow, ranging from 3 to 24 months. Apply now and let KreditBee be your partner in success.
Get a hassle-free business loan from ₹1,000 to ₹4 Lakhs directly into your bank account. Simply keep your PAN card, Aadhaar card, and a business or income proof handy when applying.
Choose a repayment tenure that suits your cash flow, ranging from 3 to 24 months. Apply now and let KreditBee be your partner in success.
Features and Benefits of a Business Loan with KreditBee
The best features for a smooth credit experience
Collateral-free funds
Secure the financing you need without pledging any assets as security.
Quick loan disbursal
Get funds directly in your bank account within a short time upon approval.
Hassle-free Documentation
Experience a streamlined application process with hassle-free documentation.
Collateral-free business loan
Access funds without the need for collateral or security deposits.
Loans ranging from ₹1,000 to ₹4 Lakhs
Choose a loan amount that aligns with your business needs.
Available 24x7
Apply for a loan anytime, anywhere, at your convenience.
Interest Rates Range from 18% to 29.95% p.a
Enjoy competitive business loan interest rates tailored to your profile and loan amount.
Tenures ranging from 3 months to 24 months
Select a repayment tenure that matches your cash flow and business cycle.
Processing Fee ranges from ₹350 to ₹16,800
Select a repayment tenure that matches your cash flow and business cycle.
Business Loan Eligibility Criteria and Documentation
To avail of startup business loans with KreditBee, you must meet certain eligibility criteria and submit the necessary documents for a smooth application process.
Features
- Loan amount up to ₹4 Lakhs
- Attractive Interest Rates ranging from 18% to 29.95% per annum
- Flexible Tenure ranging from 3 months to 24 months
- Processing fee up to 5.5% + GST
- Minimal documentation, quick & direct transfer to the Bank Account
- No collateral or pledge of security
Eligibility Criteria
- Indian Citizen
- Age above 21 years
- Business operations for a minimum of 12 months
- Business operations not operating out of blacklisted areas
- Minimum monthly personal income of ₹10,000
- Minimum monthly household income of ₹25,000
- Possess Government approved Valid Identity Proof & Address Proof
- Aadhaar-linked mobile number
Documents Required
- Photograph
- PAN
- Address Proof (Permanent & Current Address)
- Business Income Proof (Bank Statements reflecting Business Income / GST Details)
- Business Ownership Proof (GST Details / Udyam Registration Certificate / Shop & Establishment Certificate / FSSAI License)
Other Fee & Charges
- Foreclosure charges
- Foreclosure charges of up to 4% of principal outstanding* + GST will be charged in case Foreclosure is opted
- Part-Prepayment Charges
- Part Prepayment Charges of up to 4% of principal prepaid* + GST will be charged in case Part-Prepayment is opted
- Penal Charges
- 1. EMI bounce charge (1st day): 4% of principal overdue* or ₹500, whichever is lower
- 2. Penal charges for 2-180 days: 36% per annum on principal overdue (+ GST if applicable on penal charges)
- *round to the nearest rupee
Application Requirements
- Mobile Number
- First & Last name
- Date of Birth
- Gender
- PAN
- Employment Type
- Monthly Income
- Religion
- Address Proof
- PAN Photo
- Selfie
- Permanent Address
- Current Address
- Education
- Profession
- Marital Status
- Father/Mother/Spouse Name
- Co-Applicant Details
- Reference Contact
- Business Name
- Business Ownership Type
- Business Segment
- Turnover
- Date of Incorporation
- Business Office Address & Type
- Business Income Proof (Bank Statement / GST Details)
- Business Ownership Proof (GST Details / Udyam Registration Certificate / Shop & Establishment Certificate / FSSAI License)
- Disbursement Bank Account Details
- eNACH/UPI e-mandate
Business Loan EMI Calculator: Plan Your Repayment with Ease
Taking a personal loan for business is a significant decision, and careful financial planning is crucial. Before you commit, take the time to understand your repayment obligations using KreditBee's Business Loan EMI Calculator. This intuitive tool simplifies the process of calculating your monthly EMIs (Equated Monthly Instalments). By inputting your desired loan amount, interest rate, and tenure, you can instantly determine your monthly payments.With this information at your fingertips, you can make informed decisions about your business loan and choose a repayment plan that aligns with your budget and financial goals.
How to Apply for a Business Loan Online on KreditBee?
Follow these simple steps to apply for a business loan on KreditBee and get the funds you need to fuel your dreams:
- 1Sign up using your mobile number
- 2Enter basic information and check eligibility
- 3Verify your profile by uploading KYC documents
- 4Verify your business by uploading KYB (Know Your Business) documents
- 5Provide bank account details
- 6Choose a loan amount and tenure
- 7Receive the funds directly in your bank account
Purpose and Uses of Business Loans: Fueling Your Entrepreneurial Ambitions
KreditBee's personal loan for businessmen provides the financial flexibility you need to tackle various aspects of running and growing your business. Whether you're a startup seeking working capital or an established enterprise looking to expand, these funds can be used for a multitude of purposes
Enhancing Working Capital or Bolstering Cash Flow
Ensure smooth day-to-day operations and meet immediate financial obligations with a business loan.
Purchasing Inventory or Replenishing Stock
Maintain optimal stock levels and capitalise on market opportunities by investing in inventory.
Hiring More Staff
Expand your team and talent pool to increase productivity and efficiency.
Purchasing New Assets
Invest in equipment, machinery, or technology to upgrade your business infrastructure and stay competitive.
Consolidating Existing Debt
Streamline your debt obligations and potentially lower interest rates by consolidating multiple loans into a single business loan.
Marketing your Products and Services
Reach a wider audience and boost sales by allocating funds to marketing and promotional activities.
Frequently Asked Questions
1. Who is eligible for a business loan?
2. What are the requirements to get a business loan?
3. Can we get a loan to start a business?
4. What is a business loan EMI?
5. How to calculate interest on a business loan?
6. What are the benefits of a business loan?
7. Can business loans be used for personal purposes?
8. Can you get a business loan with bad credit?
9. What is the purpose of a business loan?
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