What is a Business Loan?
A business loan is a financing solution designed to support the working capital and expansion needs of businesses—including SMEs, MSMEs, startups, traders, manufacturers, and service providers. Unlike personal loans, business loans are tailored for larger financial commitments, helping enterprises grow without disrupting cash flow.
Most business loans today are collateral-free, making them ideal for entrepreneurs looking for quick, flexible funding with minimal documentation.
Key Features of Business Loans at Bharat Finserv
Loan Amount: ₹50,000 to ₹50 Crores (varies by lender and business profile)
Interest Rates: Starting from 13.5% p.a.
Repayment Tenure: 12 months to 5 years
Unsecured Options: No collateral needed for eligible borrowers
Fast Processing: End-to-end digital application & quick approval
Minimal Documentation: Simple KYC + basic financials
Usage Flexibility: Can be used for any legitimate business need
Things to Know Before Applying
Borrow Smart – Only take the amount you truly need.
Choose the Right Loan Type – Working capital, term loan, overdraft, MUDRA, etc.
Maintain a Good Credit Score – 750+ improves approval & lowers interest.
Check All Charges – Interest, processing fee, pre-closure, late fees.
Know Your EMI – Use EMI calculators to plan cash flow.
Eligibility Criteria
Age: 21 to 65 years
Indian resident, with no criminal background
Good credit score and repayment history
Stable business vintage (varies by loan type)
Last 3 years' ITR preferred for higher loan amounts
Eligibility varies by lender based on turnover, business stability & financial health.
🧩 Types of Business Loans
1. Professional Loan
Tailored for doctors, lawyers, chartered accountants, architects, etc.
May be secured or unsecured depending on profile and income.
2. Trade & Merchant Loans
Ideal for:
Sole proprietors
Partnership firms
Pvt. Ltd. companies
Traders & retailers
Supports purchasing stock, managing cash flow, or business expansion.
3. Overdraft / Cash Credit Facility
Flexible credit line based on:
Banking history
Turnover
Collateral (if required)
Borrow only what you need and pay interest only on usage.
4. Loans for Women Entrepreneurs
Special schemes offering:
Lower interest rates
Relaxed eligibility
Longer tenure
Training & support benefits
5. MUDRA Loan (PMMY)
For micro-businesses & startups
Loan Range: ₹50,000 – ₹10 Lakhs
Categories: Shishu, Kishor, Tarun
Perfect for early-stage businesses and MSMEs.
6. Term Loan (Short/Medium/Long-term)
Used for:
Business expansion
Equipment purchase
Machinery upgrade
New branch setup
Available on fixed or floating interest rates.
7. Letter of Credit (LC)
Used extensively by import/export businesses as payment assurance to suppliers.
Documents Required
KYC Documents
PAN Card
Aadhaar / Passport / Voter ID
Passport-sized photo
Business & Financial Documents
Business address proof
Last 6 months’ bank statements
Last 2–3 years’ ITR
GST certificate, trade license, business registration
Balance sheet & P&L statement
Proof of office/shop ownership or rent agreement (if applicable)
Eligible Business Types
Self-employed professionals
Sole proprietorships
Partnership firms
Private Limited companies
MSMEs
Retailers & wholesalers
Small manufacturers & service providers
Artisans & traders
Why Apply for a Business Loan via Bharat Finserv?
No branch visits – 100% digital process
Compare multiple lenders on one platform
Quick eligibility check
Lowest available rates explored across banks & NBFCs
Expert guidance on documents & approval
Fast disbursal with minimal follow-up
How to Apply for a Business Loan
Visit Bharat Finserv (or contact via WhatsApp/Call)
Enter basic details: mobile number, loan amount, business turnover, city
Get instant lender matches
Compare interest rates, processing fees & eligibility
Upload required documents
Lender verifies → approves → disburses funds