What is a Business Loan?
Overview
The fluctuating market and the increasing business demands result in the need for immediate cash-in-hand. A Business Loan specifically designed for this purpose allows you to obtain credit without collateral at competitive interest rates.
If you’re planning for an investment in the infrastructure sector or to upgrade machinery and plant, the Business Loan will meet all your business requirements.
Different Types of Business Loans
Working Capital Loan
Plant and Machinery Loan
SME and MSME Loan
Business Loan for Women
Self Employed Professional Loan
Micro Business Loan
Features of Business Loan
No Collateral or Security
For availing the Business Loan, you do not require to submit any collateral or mortgage. Loan approval is made on the basis of your credit score, credit report, repayment history etc.
Tax benefits
Tax benefit is available on the business loan interest.
Hassle-Free Quick Unsecured Loans
Business Loans are loans that are not secured and can be that are approved within 24 hours, that are available with ease, with just a few papers.
Improves business credit score
Paying your EMIs on time will improve your credit score.
Why Fourbridges?
Fast & Easy Process
Lowest Interest Rate
Minimum Documentation
Specialist Team Support
Nationwide Digital Presence
Both Offline & Online Process Advantage
Eligibility Criteria
Business Loan Eligibility Criteria
Age
Minimum 18 years Maximum 65 years at the time of Loan Maturity
Nationality
Resident Citizen of India with no Criminal Record
Business
Minimum 3 years Own Business Vintage Minimum Annual Turnover and Profit at Lender's Discretion Registered Chartered Accountant Audited Balance Sheet Compulsory No Previous Default with any Financial Institution
Credit Score
Credit Score of 700 & More
Eligibility Criteria
Business Loan EMI Calculator
How to apply for a Business Loan
Check Your Eligibility
Click On Apply Now
Fill In Personal And Financial Details
Submit Application
Document Required
List of Documents Required for Business Loan
Photo Identity Proof
- Voter ID
- Passport
- Aadhaar Card
- Driving License
Age Proof
- Voter ID
- Passport
- Driving License
- Aadhaar Card
- Birth Certificate
- Secondary School Leaving Certificate
- Pension Payment Order or Receipt
- LIC Policy
Address Proof
- Rent Agreement
- Bank Statement
- Ration card
- Passport
- Driving License
- Electricity Bill
- Property Tax Receipt
- Water Bill
- Telephone Bill
- Credit Card Bill
Income Proof
- 6 months Bank statement
- 3 months Salary Slips
Income Tax
- Form 16
Employment Proof
- Employers Letter
- Identification Card
Testimonials
FAQ's
Frequently Asked Questions(FAQ's)
We offer Business Loans to both professionals and non-professionals, who are self-employed. Among self-employed professionals, we have exclusive loans for doctors. These loans are approved quickly and are available at competitive interest rates. The customer segments covered under Business Loans are listed below:
- Sole Proprietorship
- Partnership Firm
- Private Limited Companies
- Closely held Public Limited Companies
- Societies
- Trusts
- Hospitals, Nursing Homes, Diagnostic Centres, Pathological Labs etc.
Yes, you can get a Business Loan without any collateral or security.
You can take an online business loan for your online retail store or e-commerce website. You must fulfil the following criteria for swift online business loan approval:
- CIBIL score should be above 700
- Your business must be profitable for three consequent financial years
- Your turnover must show an upward trend
- A CA should audit your balance sheet
You are eligible for a Business Loan if you:
- Are between 25-65 years of age
- Have business that shows a profit for the last three consecutive financial years
- Have business that shows an upward turnover trend
- Are able to show balance sheet that is audited by a registered Chartered Accountant.
If you run a sole proprietorship, you can use a personal bank account for your business. However, for a corporation or limited liability company (LLC), you need to have a business account.
A business bank account is not mandatory for a loan. As per the business loan eligibility criteria, your business must be profitable for three consequent financial years.
You can take up to 36 months to repay your business loan.
To avail a Business Loan, simply apply online on our website or Call/Whatsapp us at 9147 300 131. You could also e-mail us at info@fourbridgesloans.com or visit our Office.
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