Instant Business Loan

Lowest EMI Starts @11.9%

Quikkloan offers a free service and therefore, we do not charge any fee from customers

100% Online Process

No Branch Visits

No Hidden Charges

Minimum Documentation Process

Check Your Business Loan Eligibility in |

Instant Small Personal Loan Online in 1 Day*

Quikkloan offers a free service and therefore, we do not charge any fee from customers

100% Online Process | No Branch Visits | No Hidden Charges | Minimum Documentation Process

What is a Business Loan?

A Business Loan is an unsecured loan to help business’s urgent requirements for buying machinery and plant, procurement of raw material, marketing and hiring manpower along with working capital management to manage cash flow. There is no requirement to provide any collateral to get a loan or line of credit. The application and approval process requires minimum paperwork. You can avail business loans for minimum tenures from 12 to 72 months with easy EMI options at interest rate ranging from 11.9% – 21% depending on risk profile of the business.

How it Works!

Quikkloan made the effortless process for the customers. Apply Business Loan Online, Compare the best business loan offer from the various Banks & NBFC’s, upload the documents online, get disbursal in 24Hrs.

  Eligibility Criteria


  • The lender analyses the applicants CIBIL score, business age,  promoters age, business turnover, and ability to pay EMI
  • CIBIL score must be 685 or more
  • The business turnover must be minimum 20 Lac per annum
  • Minimum business vintage of 3 years
  • Minimum Annual Profit as per ITR of Rs. 1 lakhs in last 1 year
  • Promoters Age should be between 25 to 65 years at the time of loan maturity
  • Audited Balance sheet by a registered Chartered Accountant (CA)

  Get ready with Documents


  • Business Owners (Aadhar card/ Driving license/ Voter ID/ Passport)
  • Udyog Aadhaar Card
  • Business Address Proof 
  • Business Registration proof
  • Bank Statement for last 6 months
  • Latest 2 years ITR, if loan amount is greater than 15 lacs
  • Last 2 years audited balance sheet by registered CA

  Get Disbursal in 1 Day*

Business Loan up to 50 Lakh, Instant approval and Fast Disbursal through Partnered Banks / NBFC, No Collateral and Minimum Documentation

Purpose of Business Loan

Business Loan is an unsecured loan so it can be used for various following purposes.

Documents Required For Business Loan

Business Loan Documents for Sole Proprietor, Partner and Director

Complete Online Application

Fillup the Online loan Application in just 5 minutes

Provide Identity Proof

Promoters Voter id/ Passport/ Driving License / Aadhaar Card

Address Proof

Aadhaar /Passport/ Telephone or Electricity Bill/ Ration Card

Bank Statement

Latest 3 Months Bank Statement

Income Proof

ITR and Current Bank Statement of 3 months, Last 2 years Balance Sheet Audited by Chartered Accountant.

Feature & Benefit Of Business Loan

Attractive Interest Rates: Business loan instant comes at an attractive interest rate which means repaying the loan would be easy on your pocket. With competitive rates, expect to have pocket-friendly EMI hence less burden on your shoulders.

Instant Approval: This unsecured loan can be availed instantly if you meet the required criteria. The process is quite simple and hassle-free hence with fewer formalities, one can get the loan faster

Fastest Disbursal: Once your loan is approved fastly, you can expect to have instant disbursal as well. The loan will be disbursed as soon as your application is approved and the amount will be credited to your bank account.    

Flexible Tenures: Online personal loan has flexible tenure options to choose from. Hence, repaying this loan is absolutely easy as you can choose the tenure as per your choice.  

Multi-purpose Loan: Single loan can be availed to cater to various business needs such a procurement of raw material, working capital, expansion inventory purchase and expanding team size etc. 

Collateral-free Loan: This loan is collateral-free, which means a borrower doesn’t need to pay any security to the lender while availing it. 

Minimal Documents: No more lengthy documents and hassle of submitting the same. Now with just a few KYC documents

Fewer Loan Charges: The loan comes at minimal fee and charges which means no extra burden when it comes to repaying the same.

Business loan Details

The business loan details varies with lender’s criteria. 
Processing Fee Depends upon bank to bank (Generally 1-2 %)
Loan Tenure 1 to 5 Years
Loan Amount 1 to 50 Lakhs
Lock-in-period Varies from lender to lender
Preclosure Charges Differs;  Generally between 2%-5% of the loan outstanding
Guarantor Required Note Required

Frequently Asked Questions

How long does a bank take to approve an application for a business loan?

It depends from bank to bank as each lender has its own process. Usually a loan application is approved within 2-3 working days.

How is a business loan repaid?

The business loan can be repaid by paying the loan amount back to the bank in the form of Equated Monthly Instalments (EMIs). A borrower can opt for an auto-debit payment, wherein the EMI amount will automatically be debited from your bank account.

Can I get the balance transfer facility with my business loan?

Availing a balance transfer facility depends on the bank. There are some banks that offer the balance transfer facility if the customer has made at least 6 EMI payments. It is advisable that you check with your bank before you apply for the loan.

Are there any additional charges that an applicant has to pay when he/she gets a business loan from a bank?

Yes, there are a couple of different additional charges. Most banks charge an applicant a processing that ranges from 2% to 2.5% of the total amount that they wish to borrow. The fee is deducted from the amount that has to be disbursed to you.

Can I receive Tax Benefits on my business loan?

The interest you pay on your business is tax deductible that is generally subtracted from your gross income. As per the Income Tax Act, 1961, you can avail deduction on business loan interest that is paid from business profits. It is predefined in the Income Tax Act that money utilized in the form of business loans is not the same as business income, earning revenue or profit for the business. However, Principal amount is not the interest on business loan, business expenditure or a part of business expense. Therefore, the principal amount on business loan is not tax deductible

What are the Factors That Can Influence Business Loan Interest Rates?

These factors include your income, repayment potential, credit score, etc.

Is the GST Levied Over the Interest Rate on a Business Loan?

No, the Goods and Services Tax (GST) is not levied over the interest rate on a business loan.

What are the Types of Business Loan Interest Rates That Lenders Offer to Borrowers?

Business loans can be offered on a flat and reducing balance basis. In a flat rate, the interest will be charged on the principal outstanding all the time irrespective of which stage the loan is in. Whereas, in a reducing balance, the interest is charged on the principal outstanding left after the EMI payment.

What is an EMI?

An Equated Monthly Installment (EMI) is a sum of principal and interest payable every month to the lender. Greater the rate of interest, the higher will be the EMI amount and vice-versa.

How Soon Can You Apply for a Business Loan?

Anyone running a public or private , sole proprietorship, partnership and LLP entity involve in manufacturing, services, and trading can apply for a business loan as long as promoter attains the minimum age of 24 years at the time of loan application.

How Much Work Experience is Required to Get a Business Loan in India?

Promoter who have been in the current business for a minimum of 3 years, with 5 years total business experience are eligible for business loan

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