Your business, our customized financing
In today's fast-paced business environment, having the right financial support is crucial for success. That's where our Business and MSME Loans step in, offering a lifeline to you aiming for growth and stability. With loans are designed to cater to diverse business needs, from working capital requirements to purchasing new equipment or property, they are tailored to empower businesses of all sizes, ensuring quick processing and flexible repayment options. Our commitment is to support your entrepreneurial journey, making finance a stepping stone rather than a hurdle. Embrace the future with our MSME loans, your partner in advancing your entrepreneurial spirit. Read more
Why choose our business loans
Accelerate your business with our tailored financing options
Secured and collateral-free options available to suit different needs
Providing a comfortable repayment period with up to 120 months
Catering to a wide range of businesses, whether you're a startup or big business
Explore the possibilities
Choose from our diverse range of business loans that support MSMEs, start-ups and established entities
Who can apply for our business loans
- Individuals who are resident of India
- Individuals at least 18 years old
- Legally registered micro, small, or medium enterprises (MSMEs).
- Creditworthy businesses and its owners
- A proven track record of at least two to three years for business
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Got questions? We’ve got answers.
Business loans provide crucial financial support for various needs, be it managing working capital, buying equipment, or funding marketing activities. They're essential for both startups and growing businesses to gain momentum.
Eligibility includes MSMEs conforming to the MSME definition, residents of India who have reached the age of majority, and where the applicant's age plus loan period is within 70 years.
Yes, it's possible to increase your loan limit, subject to eligibility and lender's discretion. This process may require a new application and supporting documents,
Loan tenure varies with the loan type. For overdrafts and other facilities, it ranges from 12 to 18 months. Term loans can extend up to 120 months.
Fees may include interest, processing fees, document verification charges, and possibly penalties for late payments or prepayments. We charge upfront fees for legal, valuation, and background checks.
EMI, or Equated Monthly Installment, is a fixed payment made monthly, covering both the interest and principal of a loan, ensuring complete repayment over a set period.
Term loan is a lump sum amount repaid in EMIs, while a Flexi facility offers a credit line with the option to withdraw as needed and repay interest monthly, with principal repayment at the end.
In the context of Karnataka Bank's loans, EBLR or External Benchmark Lending Rate is a crucial reference rate. It's essentially the standard against which the interest rates of loans are gauged and adjusted. This rate is determined by external market factors and serves as a transparent and dynamic benchmark. By tying loan interest rates to the EBLR, we ensure that loan pricing is fair, responsive to market conditions, and in line with regulatory guidelines, providing a clear and consistent basis for borrowers to understand how their loan interest rates are set.
Collateral requirements vary. Loans up to ₹10 lakh can be collateral-free, while others may need security.
They can be used for working capital, purchasing equipment, property acquisition, and other business enhancement purposes.
Business loans provide the financial backbone for businesses looking to expand, invest in new equipment, or manage working capital. These loans can be a catalyst for growth and innovation, offering the necessary funds to turn business aspirations into reality. With options to apply a business loan online, businesses can start their application process with ease, ensuring quick and efficient access to funds. Secure the future of your business with our suite of business loans. Whether you're just starting out and need business loans for new businesses, or looking for a quick business loan to respond to immediate needs, our offerings cater to every phase of your business growth. Benefit from competitive business loan interest rates and use our business loan emi calculator to plan your finances effectively.
The interest rates on business loans vary based on factors like loan amount, tenure, and the financial health of the business. Typically, these loans have competitive interest rates, making them a viable option for business financing. It's crucial for borrowers to understand the terms of the loan, including the interest calculation method, to plan their finances effectively.
Do prepare a solid business plan to support your loan application. Keep your financial documents organized and updated for the application process. Don't underestimate the importance of reading and understanding the loan agreement, particularly the repayment terms and any associated fees.
