🚀 Business Loan Guide 2025 – Apply Online with Indicred
Starting or expanding a business requires one essential ingredient – capital 💰. Whether you’re a budding entrepreneur or running a well-established company, having access to funds at the right time can make or break your growth journey. This is where a Business Loan comes into play.
In this comprehensive guide, we’ll cover everything about Business Loans in India 2025, including features, eligibility, documents, benefits, and how you can apply seamlessly with Indicred.
Max. Loan Amount
Up to ₹40L
Rate of Interest
10.49% p.a. onwards
Tenure up to
Up to 5 years
Processing Fee
2% - 8%
🏠 What is a Business Loan?
A Business Loan is a type of unsecured or secured loan offered by banks, NBFCs, and fintech companies to meet the financial requirements of businesses. It can be used for:
✅ Expanding operations
✅ Purchasing equipment or machinery
✅ Managing working capital
✅ Hiring staff
✅ Marketing & promotions
✅ Inventory management
With Indicred, you can compare, apply, and get approved for the best business loans from multiple lenders – all in one place!
🔑 Key Features of Business Loans
💼 Loan Amount: ₹50,000 to ₹5 Crore (depending on profile & lender)
⏱ Tenure: 1 year to 7 years
📉 Interest Rates: Starting from 9% p.a.
⚡ Processing Speed: Quick approval & disbursal (sometimes within 48 hours)
📝 Collateral: Collateral-free (unsecured) options available
🏦 Lenders: Top banks & NBFCs like HDFC, ICICI, SBI, Axis, Kotak, Bajaj Finserv, and more
📋 Types of Business Loans in India
When applying through Indicred, you can explore various types of business loans suited to your needs:
Working Capital Loan 💼 – Manage daily business operations.
Term Loan 📆 – Borrow a fixed amount for a defined period.
Machinery Loan ⚙️ – Purchase or upgrade equipment.
Invoice Financing 📑 – Avail funds against pending invoices.
Business Overdraft 💳 – Flexible withdrawals up to a limit.
Startup Loan 🚀 – Special loans for new entrepreneurs.
MSME/SME Loan 🏭 – Designed for micro, small, and medium enterprises.
Line of Credit 🔄 – Access funds anytime within a sanctioned limit.
✅ Business Loan Eligibility Criteria
To apply for a business loan via Indicred, you generally need to meet the following criteria:
👤 Age: 21 – 65 years
🏢 Business: Minimum 2 years of operations
💹 Turnover: ₹10 Lakhs to ₹1 Crore+ (varies by lender)
💳 Credit Score: 650+ recommended
📈 Profitability: Stable financial performance
📑 Documents Required For Business Loan
When applying through Indicred, you can upload documents online for faster processing:
✅ Identity Proof (Aadhaar, PAN, Passport)
✅ Address Proof (Utility Bill, Rent Agreement)
✅ Business Proof (GST, Shop Act License, Partnership Deed, Incorporation Certificate)
✅ Bank Statements (last 6–12 months)
✅ ITR (last 2 years)
✅ Financial Statements (Balance Sheet, P&L)
💰 Home Loan Interest Rates in India (2025)
🏦 Bank/NBFC
🌟 Starting Rate
📝 Processing Fee
HDFC Bank
10.75% – 22.50%
Up to 2%
ICICI Bank
Up to Repo Rate + 6.0%
Up to 2%
YES BANK
15.5% – 21.0%
Up to 2%
Tata Capital
12% – 30%
Up to 3%
Bajaj Finserv
14% – 25%
Up to 4.72%
Bandhan Bank
13% – 21%
Up to 2%
IIFL Finance
12% – 28%
2% – 5%
RBL Bank
19% – 26%
Up to 2.50%
Kotak Mahindra Bank
10.99% and above
Up to 5%
Union Bank of India
10.35% – 14.45%
Up to 1% (Max. ₹7,500)
Bank of Baroda
BRLLR + 2.65%
Up to 0.25%
Indian Bank
Base Rate + 2.85%
-
Canara Bank
9.95% – 15.40%
Up to 0.25% (Max. ₹2,500)
Axis Bank
9.99% – 22.00%
Up to 2%
Kotak Mahindra Bank
10.99% and above
Up to 5%
IndusInd Bank
10.49% and above
0.25%
Bank of Maharashtra
7.35% onwards
Up to 0.25%
Punjab National Bank
8.25% onwards
Up to 0.35%
IDBI Bank
7.65% onwards
0.50% + GST
HSBC India
7.70% onwards
1%
IDFC FIRST Bank
From 12.99%
Up to 2%
💻 How to Apply Online with Indicred
🌐 Visit www.indicred.in
📝 Fill details
⚡ Check eligibility
🔍 Compare offers
📤 Upload documents
✅ Get approval fast
🧾 Why Choose Indicred for Business Loans?
✔️ Partnered with 30+ top banks & NBFCs
✔️ Zero upfront fees
✔️ Real-time eligibility check
✔️ Higher chances of approval
✔️ Quick loan tracking dashboard
🙋FAQs on Business Loan
👉 Yes, with Indicred, you can apply for collateral-free unsecured business loans.
👉 Most lenders require at least ₹10–15 lakhs annual turnover. It may vary depending on the bank/NBFC.
👉 A score of 650+ improves approval chances, but some lenders may approve loans for lower scores at higher interest.
👉 With Indicred, approval can be as fast as 48 hours if documents are in order.
👉 Yes, startups can apply for Startup Loans 🚀 and MSME Loans 🏭 via Indicred.
👉 Absolutely! The entire process from application to approval is 100% online on Indicred.
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Contact us
Office Address
JMD Megapolis Sector 48 Gurgaon
Indicred offers a wide array of financial products including personal loans, instant loans, education loans, home loans, business loans, and car loans. We also provide credit cards, including cashback credit cards, rewards credit cards, and travel credit cards. Whether you're looking for quick access to funds or flexible repayment options, Indicred makes it easy with competitive rates, fast approval, and simple online application. With advanced credit assessments, even those with limited credit history can access the financial solutions they need. Apply now for personalized loan and credit card offers!