MSME & Startup Friendly
Capital to Scale Your Vision Without Limits
From working capital to machinery expansion. Get unsecured business loans up to ₹50 Lakhs with paperless approval in 24 hours.
Collateral-free loansMinimal documentationFlexible repayment options
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Why Do your Choose Us?
Flexible loans, instant credit score checks, and fast approvals. We make borrowing easy, transparent, and tailored to your needs
Flexible
Our loan options are designed to adapt to your financial situation. Choose flexible repayment terms and loan amounts that work for you.
Simple, Fast, and Secure
Get instant credit score updates and apply for loans with confidence. We ensure a smooth, secure, and reliable experience.
Personalized
Loans designed to match your unique financial needs. Enjoy flexible options, fast approvals, and a borrowing experience tailored just for you.
Loan Details
Business Loan
Calculate your monthly EMI and total interest for business loans.
Instant Approval
No Hidden Charges
100% Digital Process
Representative Example:
Borrow ₹5,00,000 over 12 months at 25.8% APR. Total repayment: ₹5,72,597.07 with monthly EMIs of ₹47,716.42.
EMI Calculator
₹5,00,000
12
25.8%
Monthly EMI
₹47,716.42
Total Interest
₹72,597.07
What is a Business Loan?
A business loan is a credit facility for companies or entrepreneurs to fund operations, expansion, or working capital. These can be secured or unsecured depending on the loan size and lender policy.
Repayment terms vary by loan type. Working capital loans are often short-term (< 1 year), while term loans can range from 3 to 10 years with flexible repayment structures.
Standard business eligibility:
- Business vintage (usually 2+ years)
- Annual turnover & profitability
- ITR & Bank Statements (last 2-3 years)
- Valid business registration (GST/Udyam)
Lenders heavily analyze cash flow statements and future financial projections for approval.
Accelerate Your Business with SIX Finance
Whether you are a startup or an established MSME, cash flow is king. We connect you with lenders who understand business models, not just credit scores. Our algorithm matches your GST and banking data to the right lender for maximum funding.
Business Loan Highlights
- Unsecured loans up to ₹75 Lakhs
- Collateral-free options for MSMEs
- Flexible repayment tenures from 12 to 60 months
- Overdraft limits to manage daily cash flow
- Minimal documentation based on GST returns
- Quick disbursement within 48 hours
Financial Guide
Business Loan Interest Rates
Unsecured business loan rates typically start from 14% p.a., while secured options can start as low as 9%. Rates depend heavily on business turnover and vintage.
How to Secure the Best Business Funding
Lenders look for business stability and cash flow. Improve your approval chances with these steps:
1
Maintain Healthy Cash Flow
Lenders analyze your bank statements. Avoid frequent overdrafts or cheque bounces in your primary business account.
2
Vintage Matters
Most lenders prefer businesses with at least 2-3 years of operations. Ensure your registration documents reflect this vintage.
3
GST Returns Consistency
Ensure your declared turnover in GST returns matches your bank credits. Discrepancies here are a major reason for rejection.
4
Check Collateral-Free Limits
For loans up to ₹2 Crores, check if you are eligible under the CGTMSE scheme which requires no collateral.
5
Purpose of Loan
Be clear whether you need a Term Loan (for expansion/machinery) or Working Capital (for inventory/operations).
Business Loan Eligibility Criteria
Business loan requirements Lenders assess the health of your business rather than just personal income:
Business Vintage: Minimum 2-3 years of business continuity.
Annual Turnover: Minimum turnover of Rs. 10 Lakhs to Rs. 40 Lakhs (varies by lender).
Profitability: Business should be profit-making for the last 2 years.
ITR Filing: ITR filed for the last 2 years is mandatory for most unsecured loans.
Age Criteria: Applicant should be between 21 and 65 years at loan maturity.
Bank Statements: Primary bank account should show healthy average balance and no bounces.
Types of Business Loans
From daily operations to long-term expansion, choose the right credit facility to fuel your business growth.
Paperwork for Business Loans
Documentation focuses heavily on business vintage, turnover, and profitability.
| Requirements | Sole Proprietorship | Partnership / Pvt Ltd |
|---|---|---|
| Business Proof | GST Registration, Shop & Establishment Certificate | Partnership Deed, MOA, AOA, Certificate of Incorporation |
| Financial Documents | Last 2 years ITR, Projected Turnover Letter | Audited Balance Sheet & P&L for last 2 years |
| Identity Proof | KYC of the Proprietor | KYC of all Partners/Directors and the Firm |
| Bank Records | 6 months Current/Savings account statement | 12 months Current account statement of the entity |
Business Loan Prerequisites
Business Vintage
- Most lenders require a business existence of at least 3 years.
- Startups less than 1 year old may face difficulty getting unsecured loans.
Cash Flow vs Profit
- Lenders look at banking turnover more than just net profit.
- Avoid cash transactions; route everything through the current account.
Collateral Requirements
- Unsecured loans have higher interest rates.
- Secured loans (against property/machinery) offer lower rates and higher amounts.
GST Compliance
- Regular GST filing is mandatory for most lenders.
- Discrepancies between GST returns and Bank Statements can lead to rejection.
Business Loan Charges
Business loans generally have higher processing fees due to the complexity of assessment:
| Particulars | Charges |
|---|---|
| Processing Fees | 1.5% to 3.5% of loan amount |
| Foreclosure Charges | 4% to 6% of principal outstanding |
| Documentation Charges | ₹ 2,000 - ₹ 5,000 |
| Bounce Charges | ₹ 750 - ₹ 1,500 per instance |
| Renewal Fees | 0.5% to 1% (For Cash Credit/Overdraft limits) |
Other fees and charges levied by the lenders include documentation charges, verification charges, duplicate statement charges and NOC certificate charges.
Business Loan Offers
Access unsecured capital for your enterprise. Compare offers from top NBFCs specializing in MSME finance. Check your eligibility for a business loan offers today.
| Lender | Interest Rate (p.a.) |
|---|---|
| Bajaj Finserv | 17.00% onwards |
| LendingKart | 1.5% per month |
| Tata Capital | 16.50% onwards |
| IDFC First Bank | 14.00% onwards |
| NeoGrowth | 18.00% onwards |
Secured vs Unsecured Business Loan
Deciding whether to pledge assets or go collateral-free.
| Unsecured Business Loan | Secured Business Loan |
|---|---|
| No collateral required | Requires property/asset pledge |
| Higher interest rates (14%+) | Lower interest rates (9-12%) |
| Loan amount capped (up to 75L) | High loan amounts (up to 5Cr+) |
| Based on turnover & banking | Based on property value & income |
Loans for Startups vs Established
Startups often need government schemes (Mudhra, CGTMSE) as they lack vintage.
Established businesses (3+ years) can easily get unsecured term loans based on turnover.
Cash flow visibility in bank statements is more important than paper profit.
Business Loan Variants
Manufacturers
Can avail equipment finance for machinery.
Eligible for higher limits based on asset creation.
GST returns are the primary proof of turnover.
Service Providers/Traders
Eligibility based largely on banking transactions.
Overdraft facilities are preferred for managing inventory cycles.
Merchant cash advances available against POS machine swipes.
Pre-Application Checklist
Update your GST returns and ensure no gap in filing.
Audit your financials if turnover > 1 Crore (or as per limits).
Check if you qualify for collateral-free schemes.
Prepare a project report if applying for a large term loan.
How to Calculate Business Loan EMI Online?
You can calculate your business loan EMI using a free online business loan EMI calculator. You just need to enter your interest rate, loan amount and tenure in the calculator to get instant and accurate results.
Personal Loan or Business Loan - What should You Choose?
Knowing whether you need a personal loan or a business loan can help you get the loan that suits your requirements the best.
| Parameter | Personal Loan | Business Loan |
|---|---|---|
| Purpose | Personal expenses (travel, medical, wedding) | Business needs (working capital, inventory, expansion) |
| Eligibility | Based on individual income & credit score | Based on turnover, GST returns, & business vintage |
| Documentation | Minimal (KYC, Salary Slips) | Extensive (GST, ITR, Financial Statements) |
| Loan Amount | Rs. 25k to Rs. 40 Lakh | Rs. 1 Lakh to Rs. 2 Crore+ |
| Tax Benefits | None on interest | Interest is a tax-deductible expense |
Business Growth Stories
Rajesh Gupta — Inventory Expansion
"Diwali season was approaching, and I needed stock. My bank asked for collateral I didn't have. Six Finance connected me with an NBFC that sanctioned Rs. 15 Lakhs based purely on my GST returns within 48 hours."
Kavita Menen — New Machinery
"To scale my textile unit, I needed imported machinery. The Equipment Finance option suggested by Six Finance helped me get funding where the machine itself was the collateral."
How to Secure Business Funding
Lenders look for business stability. Improve your odds with these pointers:
- Ensure your ITR and GST returns match your bank statement turnover.
- Maintain a vintage of at least 3 years for unsecured loans.
- Avoid cash transactions; route business revenue through the current account.
- Prepare a solid business plan if applying for a term loan for expansion.
- Check eligibility for government schemes like CGTMSE for collateral-free loans.
Business Finance Insights
- Interest paid on business loans is a tax-deductible business expense.
- Unsecured business loans are capped typically at Rs. 50-75 Lakhs.
- Lenders heavily weigh the 'Average Bank Balance' (ABB) for eligibility.
- Disbursal time varies from 3 days (Unsecured) to 15 days (Secured).
- Startups less than 2 years old usually require a co-applicant or collateral.
Our Financial Solutions
Business Financing Solutions
Fuel your business growth with our comprehensive range of financing options tailored for entrepreneurs and enterprises.
Dairy Farming Loan
Start or expand your dairy farming business with specialized financing. Cover costs for cattle, equipment, and infrastructure development.
Small Business Loan
Fuel your small business growth with customized financing. Working capital, equipment purchase, and expansion funds with easy repayment.
Goat Farming Loan
Finance your goat farming venture with our specialized agricultural loan. Cover expenses for goats, feed, shelter, and veterinary care.
Startups Loan
Kickstart your entrepreneurial journey with startup financing. Funding for product development, marketing, and initial operational expenses.
Poultry Farm Loan
Establish or expand your poultry farm with dedicated financing. Cover costs for chicks, feed, equipment, and farm infrastructure.
Professional Loan
Tailored financing for professionals like doctors, lawyers, and architects. Fund clinic setup, office expansion, or equipment purchase.
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