about image

SME Loan

About SME Loan

Loanzbazar makes it easier for you to apply for the loan

At Loanzbazar we make it fast and efficient for all businesses to apply for a loan. The working capital for small and medium sized businesses can be pretty high. Furthermore, if you are just starting out with limited capital, you will need extra help in terms of finances.

Loanzbazar is there to assist projects and businesses of all sizes. As the name suggests, the SME loans are offered to small and medium sized businesses. You can check out the entire process for applying for small and medium sized enterprises loans from the section below.

Loan Amount

25,000

25,00,000

Rate of interest

11.00%

36%

Loan Tenure

6 Months

72 Months

Calculated EMI*

Easily apply for loans at Loanzbazar

Loanzbazar is meant for helping everyone grow. We understand that the expenses for running a small or medium sized business can be pretty high especially if you are new. Therefore, we make it easier for you to apply for SME loans.

Our SME loans are aimed at helping businesses of all sizes maintain their expenses. The working capital expense will vary depending on the size of business. Therefore, make sure to check the details and compare the rate of interest depending on the sections given below.

Check Loan Eligibility at loanbazar

Compare Offers Here

RS.
RS.

I have read and agreed to the privacy policy and I authorize loanbazar.com to call or SMS or email me. By submitting this form, I hereby authorize loanzofindia.com to do all of the following in connection with providing me the folowing Services:

Loanzbazar brings a range of benefits for businesses

At Loanzbazar we help entrepreneurs and businesses of all sizes. Check out the benefits given below:

icon

Instant approval & disbursal

The disbursal period is fast ranging from 6 to 60 months.

icon

Flexible Repayment Option

After six months of constant EMI payment, choose a higher repayment option.

icon

Higher Loan Amount

The loan that we offer you ranges from Rs 50,000 to Rs 10 lacs.

icon

Longer Loan Tenure

The EMI payment is long. Keep a check on the amount and pay as per the convenience. The repayment tenure can vary from 6 months to 60 months.

icon

Less documentation

We only ask for documents regarding your business and project. Submit only legitimate information.

icon

Transparent Process

At Loanzbazar, our professionals maintain complete information without any hidden charges.

Documents to Apply for a SME Loan

When applying for a SME loan, you will need to submit the following documents:
  1. PAN Card
  2. Identity proof (Aadhaar Card, Driving licence, Passport, Voter ID, etc.)
  3. Signature Proof (Passport, PAN card, etc.)
  4. Address proof (Passport copy, Aadhaar card, driving licence, utility bill – gas or electricity bill, Voter ID ,ration card, rent agreement, etc.)
  5. Bank statements of the past 6 months
As a salaried individual, you additionally need to submit the following:
  • As a salaried individual, you additionally need to submit the following:
  • Income Tax Returns for the last 2 years
  • SME proof (License, registration certificate, GST number)
  • IT Assessment OR Clearance Certificate
  • Income Tax Challans OR TDS Certificate (Form 16A) OR Form 26 AS for income declared in ITR
Please note that depending on your individual profile and Fullerton India’s policy at the time of loan application, additional documents may be requested.

Loanbazar SME Loan Eligibility

  • You must be a Salaried Employee
  • Age: 23-55 years old
  • Net Monthly Income must be more than Rs. 20,000.
  • No defaults in the last 24 months.
  • You must be residing in Delhi/NCR, Bangalore, Pune, Chennai,Mumbai or Hyderabad.

What does a SME loan cover?

SME loans from Loanzbazar helps to cover any kind of additional business charges for small and medium sized enterprises. Make sure to be specific or clarify why you will be needing a particular loan.

Flexible Repayment options

Final installment options for a loan will be decided based on your profile and inputs.

SME Loan

Repayment done via Fixed Equated Monthly Installments, where EMI=Principal + Interest. Each Installment reduces both interest and Principal amount. Ideal when: You know the precise Loan Amount needed and your income is consistent.

How to apply

Avail our personal loans through your preferred platform and enjoy unmatched convenience at your fingertips…

icon

Via Website

icon

Via Our App

icon

Via WhatsApp

icon

Via Call

Compare loans at Mumbai, Pune, Navi Mumbai, Thane, Delhi and Bangalore.

The loans are available in Mumbai, Pune, Navi Mumbai, Thane, Delhi and Bangalore. Check out the criteria for interest rate in your city.

Bank Name Rate of Interest for Salaried Employee
HDFC Bank 10.99% - 17.85%
Axis Bank 11.99% to 24%
ICICI Bank 10.99% - 17.85%
Standard Chartered Bank 11% - 16%
IndusInd Bank 14% - 16%
Kotak Bank 11.50% - 24.00%
Bajaj Finance 14.25% - 16.75%
HDB Finance 14% - 21%
Fullerton Finance 13.00% - 24.00%
State Bank of India 11.00% - 17.65%
IDFC Bank 10.99% - 17.85%
IDFC Bank 10.99% - 17.85%
Tata Capital 13.50% - 18%
Yes Bank 12.50% - 16.00%

FAQs

The SME loans are meant for businesses to scale or grow in no time.

We have mentioned the process of applying for SME loans in the sections above. Contact us if you need more help.

The SME loan will be available for businesses of all sizes. It is meant to support your financial needs.

The Loanzbazar loans are available in Mumbai, Pune, Navi Mumbai, Thane, Delhi and Bangalore.

If you are stuck in the process of applying for a loan, you can reach out to us. Our experts are there to guide you.