Get a Business Loan up to ₹2 Crore without collateral
- Loans for MSMEs, traders, professionals & startups
- Collateral-free options available
- Quick approval with simple documentation
Interest from
14% p.a.
Loan up to
₹2 Crore
Tenure
1 – 5 years
Business Loan at a Glance
| Feature | Details |
|---|---|
| Interest Rate | 14% – 30% p.a. |
| Loan Amount | ₹1 Lakh – ₹2 Crore |
| Tenure | 12 – 60 months |
| Processing Fee | Up to 3% of loan amount |
| Business Vintage | Minimum 2 years |
| Collateral | Not required for most offers |
Business Loan Interest Rates
Compare offers from our lending partners. Rates are indicative and depend on your profile.
Tata Capital
Lendingkart
IndusInd BankKey Features & Benefits
Working Capital
Manage inventory, salaries and day-to-day expenses.
Business Expansion
Open new outlets, buy machinery or upgrade technology.
Govt. Schemes
Guidance on Mudra, CGTMSE and PMEGP loans.
Flexible Repayment
Choose EMI tenure that matches your cash flow.
Business Loan EMI Calculator
Use the sliders to see your monthly EMI and total interest.
Eligibility Criteria
- Age between 24 and 65 years
- Business operational for at least 2 years
- Annual turnover of ₹10 Lakh or more
- ITR filed for the last 2 years
- Good credit history of business and promoters
Documents Required
- PAN & Aadhaar of applicant / promoters
- Business PAN, GST registration certificate
- Last 12 months bank statement
- ITR with computation of income for 2 years
- Business address proof
Fees & Charges
| Particulars | Charges |
|---|---|
| Processing Fee | 1% – 3% of loan amount |
| Prepayment / Foreclosure | 2% – 5% of outstanding principal |
| Late EMI Payment | 2% per month on overdue amount |
| Documentation Charges | ₹1,000 – ₹5,000 |
How to Apply for Business Loan via MyLoanWala
- 1
Fill a short form with your name, mobile number and loan requirement.
- 2
Our loan expert calls you and compares offers from multiple banks & NBFCs.
- 3
Choose the best offer and submit documents online.
- 4
Get approval and money credited directly to your bank account.
Business Loan — FAQs
Do I need collateral for a business loan?
No. Most business loans offered through our partners are unsecured. Larger amounts may require security.
Can a new business get a loan?
Lenders usually need 2 years of business vintage. Startups can explore government schemes like Mudra loans.
How is my business loan eligibility decided?
Lenders check your business turnover, profitability, bank statements, GST returns and credit score.