Platinum Membership

Business Loans starting at 10.25%

Apply for quick Unsecured Business Loans at low interest rates and get instant approval.

What is a Business Loan?

Business loan is a type of money which an individual or a self-employed person required to start their own business as well to grow their existing business or organization structure. Business loans are available from Rs.3lkh to Rs.5 crore based on individual business eligibility criteria and one’s own requirement of amount. At CreditBabu, we help startups to get secured as well as unsecured business loans with best possible discounts and with minimum documentation.

Platinum Membership is specially designed for Business owners who are looking for Extra money to scale their business or to expand the current business. We help all the startups who have unique ideas but struggling with money to run operations or to hire talent or to buy machineries and for any other business scale needs which are stuck due to low money. Platinum members can avail this facility and have a good amount of Loan basis on their ongoing business with affordable interest rates and quick approvals.

Rs. 7999 1999 (75% Off)

Utilization of Business Loans?

An entrepreneur can utilize the Business loan in many ways like –

New Startup

You can utilize the business loan to start your new business.

Grow existing Business

You can use business loan amount to upscale your ongoing business to a new level.

Cash Flow Management

You can use the business loan amount to manage your cashflow in daily routine and to avoid the outage of money in expansion.

Equipment & Inventory

You can use the business loan money to buy new equipment for your factory or add more inventory to your warehouse in order to grow the production and sales.

How Business Loan process works at LoanAstra?

Why Platinum Membership Card?

LoanAstra provides a platform to the business owners to get connected with the top lenders in market to borrow money for different business needs. We are a platform where we urge entrepreneurs to provide full correct business details so we can share the same with our lender partners to avoid the to-and-fro process and to minimize the documentation part and suggest to have a handy list of required documents. The main benefit of LoanAstra’s Platinum Membership Card is to save your time, energy and efforts and most importantly to have required money in quick time frame. You can check different Business Loan requirements, list of documents and other mandatory documents and make a handy checklist to avoid wastage of time.

Quality Lenders

Only Top-Rated Lenders with minimum documentations, shorter duration of approvals and quick disbursals.

Flexible Loan Amounts

Loans starting from Rs.1,00,000 to Rs.5 Croces with a click away.

Completely Digital

No paper-work. No long-forms. No long-ques. Simply fill up your details online, share your profile and requirements and easy cash.

Priority Dealing

Priority dealing of all LoanAstra customers to fulfill immediate loan requirements.

Competitive Interest Rates

Our lending partners are committed to provide the best available and lowest Interest rates in the market and you have a full freedom to choose anyone out of them.

Advanced Technology & High Approval Rate

We are easily accessible platform with smooth API integration for swift document transfers and industry highest approval rates.

Eligibility Criteria for Short Term Personal Loan

  • Resident Status / Nationality

    Anybody who is Indian resident as well as Non Resident Indians (NRIs) and Persons of Indian Origin (PIOs) can take business loans.

  • Age Criteria

    Anybody who is above 25 years till age of 65 years can take business loans.

  • Credit History

    Anybody who have more than 700 CIBIL score can take business loans.

  • Business Status

    The applicant must have a profitable business.

  • Business Income Status

    Any Business who is 3 or more years older can take home loans.

Documentations Required for Business Loan

  • KYC Details- Business Owner & Enterprises KYC details
  • Business Proof - GSTIN/ incorporation Certificate
  • Bank Proof - Last 6 months bank transaction details
  • Computation Proof - Last two year’s profit and loss accounts of the company
  • Business Income Proof - - Last 3 years Income Tax Returns with computation of Income
  • Business Tax Proof- Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

What are different type of Business Loans?

There are typically two-three type of business loans available in market.

  • MSME/SME Loans – These are specially designated to help small and medium scale business enterprises to help them to purchase equipment, expand operations etc.
  • Machinery Loans - Machinery loans are especially available to help organizations to scale their businesses to meet the expansion needs of businesses via the purchase of advanced machinery and equipment.
  • Business loans for women – These loans are the special loans to help women entrepreneurs to start their new ventures or to expand their ongoing businesses.

What is an MSME Loan?

An MSME is a Ministry of Micro, Small and Medium Scale Businesses loan which are specially designed for small-scale businesses to help them grow.


What is the different type of EMI options in Business Loan?

There are typically two type of EMI facilities in business loan which are – Flexi EMI’s – In this you only need to pay the interest on the withdrawal amount and not on the total amount which got sanctioned. Fixed EMI’s – In this you need to pay the pre decided fixed EMI consist of both principal and interest amount

LoanAstra Referral Partner Program

We are continuously looking for potential partners who can help to grow our network so we can help more and more customer to full fill their financial needs. Our referral program is designed to help our digital partners to grow along with us and to make it successful we have a lucrative referral bonus scheme as well where our affiliate partners can earn up to 80% of the membership prices.

Business Loan FAQ’s

Business loan application and process is very simple and quick as it requires your basics documentation given from different lenders.

Below are the few documents which lenders require from consumers –
  • 1. Your Business KYC documents
  • 2. Your business age & photo ID proof – any of the document will work out of these: Registration Certificate for Commencement of Business (CIN), GSTIN certificate, Business PAN Card etc.
  • 3. Business Owners KYC – KYC documentation of business owners.
  • 4. Business Proof –Copy of the last two years’ Income Tax Returns
  • 5. Existing Loan Details – to be provided via bank statements
  • 6. Last two years balance sheet and Profit & Loss accounts.
  • 7. Last three-month bank statements.

You can use home loan for multiple instances like-
  • • Expansion of your business.
  • • For new start of your idea.
  • • To manage the ongoing cash flow for your staff and your vendors.
  • • To purchase a new warehouse for your business.
  • • To add new inventories into your running business

The income ranges are actually differed from lender to lender and for better knowledge this will be available when you show your interest to the particular lender and they will share the requirement with you.

Yes, it is always good to have a healthy credit score for fast and easy approvals. Lenders prefer a healthy financial profile with a Credit score of more than 700. You can check your updated Credit Score at LoanAstra with ease.

Although, it again warries lending party to party but usually a self-employed can have a business loan starting from Rs.5 lakh to Rs.5 Crore basis of individual business eligibility.

Usually, the business loans are of short term as the requirements are also for short tenures, so typically the business loans last till 36 months or so.

Well, this is tricky to say because these interest rates keep on changing basis on government rules and regulations as well as from the banks and other private lenders based on their own metrics. But you can find out the lowest and highest interest rates from our Business loan interest rate table below.

Business Loan is also one of the quickest loan available in market. You can check the quotes within 5 minutes with CreditBabu and once you are done with your comparison then it only takes 7-8 days for the final approval meeting all client requirements.

Usually, the business loans with maximum lender are collateral-free Business loans and they will not ask you to put your personal assets in order to grant the business loan.

Yes, there are different provisions from different lenders and you can pre close your home loan by paying the pending amounts.

There are three type of categories which can avail home Loan facility –
Individuals – An individual who has an idea or who want to start their own business can take Business loans.
Existing Businesses– If you are in your ongoing business and want to expand your business can take Business Loans.
Partnership & Sole Proprietorship Firms – Companies with a registration under Partnership agreement can also take Business Loans.
Private Limited Firms – Companies with a registration under Private Limited status can also take Business Loans.
Public Limited Firms – Companies with a registration under Public Limited status can also take Business Loans.
Hospitals & Diagnostic Labs – Medical institutions performing full scale Hospital services as well as the one who are having a Laboratory business can avail Business Loan facility.
Societies Firms – Companies with a registration under a tag of Societies registration can also take Business Loans.
Trusts– Companies with a registration under charitable Trusts status can also take Business Loans.
NOTE – Individual lender eligibility criteria & approval process is different, so do check with them before making a decision.

Not usually but it again depends from lender to lender and some time these lender wave off the application fee case to case basis.

Not usually but it again depends from lender to lender and some time these lender wave off the application fee case to case basis.

Not usually, these lenders will wave off the administrative charges while granting the loans.

Usually not because the business loans are directly connected with organization current accounts and the amount will be debited on the fixed date automatically.

If a start-up fails to take loans from a bank but comes under the MSMEs, then the individual running the undertaking can avail a business loan under any government schemes that have been introduced.

Yes, grocery businesses are also listed under the loan schemes from government till the time they fulfill the eligibility criteria of the particular loan

Drop us a line at doubts@loanastra.com and we will get back to you at the earliest.

Why should you apply for Business Loans with LoanAstra?

When it comes to banking system, one should be very proactive and cautious and while selecting loans it is very vital to know the processes, documentations, dos and don’ts and that is where LoanAstra comes in picture to help all the customers to make the personal loan journey is easy, comfortable and hassle-free. Why you can bang on us: -

Lender Selection

We work with Top lenders in the market who are rated A+ by fellow customers.

Success Rate

Approval rate is something which does matter for us and our customers, so we choose the highest approval lender.

Paper Work

We hate long documentation and long waiting with so many to-and-fro communications.

Charges

We aim for the lowest documentation & loan processing charges to give maximum benefit to our borrowers.

Digital India

We support digital India where we follow one time registration and job done.