Business Loan
Fuel your business growth with flexible financing options tailored to your business needs.
Key Features
Eligibility Criteria
- Business operational for at least 2 years
- Minimum annual turnover of ₹20 lakhs
- Good credit score (above 650)
- Proper business registration documents
Documents Required
- Business registration certificate
- Last 2 years ITR and Financial Statements
- Bank statements for last 6 months
- Identity and address proof
- Business address proof
Benefits & Uses
- Expand your business operations
- Purchase new equipment or machinery
- Increase working capital
- Open new branches or locations
- Tax benefits under Section 80C
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Compare Bank Offers
Choose the best offer from India's leading banks. Compare interest rates, eligibility, and documentation requirements.
HDFC Bank
Eligibility Criteria
Required Documents
Special Features
- No collateral required up to ₹40 lakhs
- Quick online application process
- Flexible repayment options
- Balance transfer facility available
ICICI Bank
Eligibility Criteria
Required Documents
Special Features
- GST-based loans up to ₹2 Crore
- No financial statements required for GST loans
- Instant in-principle sanction up to ₹1 Crore online
- Overdraft facility available
SBI
Eligibility Criteria
Required Documents
Special Features
- Special schemes for MSMEs
- Lower interest rates for existing customers
- Doorstep service available
- Government-backed schemes available
Axis Bank
Eligibility Criteria
Required Documents
Special Features
- Digital documentation process
- Quick turnaround time
- Customized repayment options
- Working capital term loan available
Important Note
Interest rates and eligibility criteria are subject to change and may vary based on individual profile, credit score, and bank policies. The information provided is indicative and for comparison purposes only. Please verify current rates and terms directly with the respective banks before applying.
CGTMSE Scheme
Credit Guarantee Fund Trust for Micro and Small Enterprises
What is CGTMSE?
CGTMSE is a government-backed credit guarantee scheme that enables MSMEs to get collateral-free loans from banks and financial institutions. This scheme provides guarantee coverage to lenders, making it easier for small businesses to access credit without pledging assets.
Collateral-Free
Get loans up to ₹10 crore without any collateral or third-party guarantee
High Coverage
60-85% guarantee coverage on loans, protecting lenders and encouraging credit
For MSMEs
Specially designed for micro, small, and medium enterprises in manufacturing and services
Hybrid Security
Loans above ₹10 crore up to ₹20 crore can be covered with hybrid security model
Women Entrepreneurs
Additional benefits and priority coverage for women-owned businesses
Quick Processing
Faster loan approvals as lenders have guarantee coverage from CGTMSE
Eligibility Criteria
Guarantee Coverage
For women entrepreneurs and units in North-East Region
Standard guarantee coverage for eligible units
For loans up to ₹1 crore in retail trade activities
Key Benefits for Borrowers
- No need to pledge collateral or provide third-party guarantees
- Easier access to credit from banks and financial institutions
- Lower cost of credit as collateral-related expenses are eliminated
- Faster loan processing and approval from lenders
- Helps startups and small businesses without substantial assets
- Encourages entrepreneurship and MSME growth across India
Get expert assistance in applying for collateral-free business loans under CGTMSE