about image

Startup Loan

About startup Loan

All you need to know about Startup loans

A startup loan is the sum of money that you can borrow from a loan provider to help your startup company grow. You can take a maximum of Rs 10 lakhs loan from a bank in India.

A start-up loan is a great option for solving all your financial problems. Loans required for your growing business are very popular with young entrepreneurs because they require fewer documents, do not need any collateral, have convenient payment options and easy disbursement of money.

At loanzBazar applying for your startup loan is easy, simple and hassle-free.

Loan Amount

25,000

25,00,000

Rate of interest

11.00%

36%

Loan Tenure

6 Months

72 Months

Calculated EMI*

Quick imbursement of startup loans

The startup loans can ve very beneficial for your business to fulfil all your capital requirements. You can get your start-up loan in less than 24 hours. We at LoanzBazar ensure your loan sanction within a few hours if you qualify for all the eligibility conditions.

Some common parameters to grant loans are the age of the applicant which should not be less than 21 years and more than 65/70 years. Your business should have ventures running successfully for two years, The banks will grant you a startup loan if the company’s minimum annual company crosses a fixed amount according to the bank policies. Banks and loan providers also set a strict CIBIL score limit to screen eligible applicants.

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:

Why take a start up loan from Loanzbazar?

Making LoanBazar your first choice for a startup loan:

icon

Quick loan approval and loan sanction

LoanzBazar guarantees the fastest loan approval and transfers within 24-36 hours after screening the required documents and your application.

icon

Convenient repayment of the startup loans

With the fastest and most convenient loan approvals, LoanzBazar always offers options for repayment in EMIs. You get to pay any way you want only after 6 months of the money transfer.

icon

Borrow higher sums of money

At LoanzBazar you can take a loan from anywhere between Rs 50,000 to Rs 10,00,000 and use it for the growth of your company.

icon

Repay loans at your convenience

You can repay your loan amount with interest within 6 months to 5 years by opting for LoanBazar’s services.

icon

Less paperwork

When you are opting to take a loan with LoanBazar you won’t be worrying about documents. For a startup loan, you just need to show some basic documents.

icon

No hidden charges

The loan process at LoanBazar is completely transparent. You do not need to pay any processing fee or other charges while applying for a startup loan.

Documents to Apply for a startup Loan

When applying for a startup 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
  • Business 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 startup 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 can you spend your startup loan on?

This loan is granted to people seeking capital to utilise in their business and not for their personal use. At LoanzBazar you can apply for loans and get them approved without having to go through any hassle.

Flexible Repayment options

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

Start up 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 startup Loan Rate of Interest in Mumbai, Pune, Thane, Navi Mumbai, Delhi, and Bangalore,

The interest rate at different banks differs so you need to compare which one suits your business needs better. At HDFC the interest rate is 11.90% for a loan amount between Rs 50,000 to Rs 50,00,000. Whereas at Axis bank for a loan amount of Rs 50,000 to Rs 75 lakhs the interest rate for your start-up loan is 14. 25% for a repayment tenure of 5 years. The interest rate at the State Bank of India is the lowest at 11.20% for a loan amount of Rs 5 lakhs to Rs 100 crore.

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

You can get your start-up loan within 2-3 days and sometimes even within a few hours through LoanzBazar if all your documents are ready and get approved according to bank policies.

At LoanzBazar you don’t have to pay anything, there are no extra charges for applicants applying for a startup loan.

You can repay anytime between 6 months to 5 years. At LoanBazar you will be able to conveniently pay back in enough time.

Yes, you can get a start-up loan if your company qualifies for all the conditions banks have provided.

Yes, you can get a start-up loan if your company is venturing for more than 2 years and have a certain fixed annual income.