Business Loan

You can choose to apply for a business loan through the traditional channel of visiting a bank branch or through a DSA. However, if you are looking for quick business loans without collateral, you can simply apply online at You can compare loan interest rates online . Once you fill your basic personal, business and income details, you will get a list of best bank business loan offers.

Yes, you can apply business loan online in your city provided you have sufficient turnover, business stability and have good credit history. You can also compare business loan offers for different cities at

Business Loan Eligibility

Banks use multiple factors to calculate the loan amount elibility of its borrowers. MyLoanCare Business Loan Eligibility Calculator uses the following factors to give you an estimate about your loan eligibility, amount of loan and best interest rate offer.

Business Loan Eligibility Calculator


Business Loan Eligibility Criteria

Eligible Entities

Self employed non professionals – Sole proprietors, partnership firms, private limited companies, public limited companies involved in the business of manufacturing, trading and services
Self employed professionals – Doctors, CA, CS, Architects.


21 - 65 years

Loan Amount

₹ 100,000 to ₹ 1 Cr

Interest Rate

13.50% - 22.00%

Loan Tenure

Up to 7 years

Business Vintage

For self employed professional - 1 years
For self employed businessmen - 1 years

Annual Turnover

₹ 20 Lakh and above

Banking Stability

6 months and above


650 or above

Other Eligibility Conditions

Borrower should have a self owned house or work place

Documents required for Business Loan

  • Signed Application Form
  • Identity Proof (PAN)
  • Residential Address Proof
  • Last 3 years ITR (self and business), profit and loss account, balance sheets certified/audited by a CA.
  • Last 12 months bank account statement (self and business)
  • Certificate and Proof of Business Existence
  • Business Profile
  • Office address - ownership/ lease / rent agreement/ utility bill


Firms, Partnerships

Identity Proof

PAN card, Passport, Driving License, Aadhar Card, Voter id, Govt issued i-card

Certificate and Proof of Business Existence


PAN , sales tax/ excise/ VAT/ service tax registration, Copy of partnership deed, Trade license, certificate of practice, registration certificate issued by RBI, SEBI

Address Proof

Passport, Driving License, Election ID card, Electricity/ Telephone/ Mobile bill/ bank statement (not more than 3 months old)

Bank statement, utility bill, Registry copy, lease or rent agreement, TAN allotment letter