What is the minimum turnover required for business loan?

Minimum turnover requirements vary: Unsecured loans need ₹10-20 Lakh annual turnover. Mudra loans (up to ₹10 Lakh) have minimal turnover requirements. Higher loan amounts need ₹50 Lakh+ turnover.

Can I get business loan without collateral?

Yes, BuyNswipe® offers unsecured business loans up to ₹50 Lakh without collateral for eligible businesses. Mudra loans up to ₹10 Lakh are also collateral-free under government scheme.

What is the interest rate for MSME loan?

MSME loan interest rates start from 11% p.a. for secured loans and 14-18% for unsecured loans. Government subsidized schemes like CGTMSE can reduce effective rates further.

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MSME & Startup Loans

Business Loan Online₹1 Lakh to ₹5 Crore @ 11%

Get MSME loan, startup loan, Mudra loan, and working capital loan with quick approval. No collateral options available. Compare 20+ lenders on BuyNswipe®.

48 Hr Approval

No Collateral

Govt Schemes

Flexible EMI

48 Hour Approval

Quick processing

No Collateral

Up to ₹50 Lakh

11% Interest

Lowest rates

Minimal Docs

Easy paperwork

₹5 Crore Max

High loan limit

20+ Lenders

Best options

Types of Business Loans Available

Choose the right funding for your business needs

Mudra Loan (PMMY)

Government scheme for micro enterprises

Amount

Up to ₹10 Lakh

From

12% p.a.

Shishu: ₹50K

Kishore: ₹5L

Tarun: ₹10L

MSME Business Loan

For registered MSME enterprises

Amount

₹10L - ₹5 Crore

From

11% p.a.

No collateral up to ₹50L

CGTMSE coverage

Flexible tenure

Working Capital Loan

Fund daily business operations

Amount

₹5L - ₹2 Crore

From

13% p.a.

Cash credit

Overdraft

Short-term loan

Machinery & Equipment Loan

Purchase or upgrade machinery

Amount

₹10L - ₹10 Crore

From

10.5% p.a.

Up to 90% financing

Tax benefits

Long tenure

Startup Loan

For DPIIT registered startups

Amount

₹10L - ₹2 Crore

From

14% p.a.

Startup India scheme

Venture debt

Revenue-based

Invoice & Trade Finance

Finance against invoices

Amount

Up to ₹5 Crore

From

15% p.a.

Quick disbursal

90% invoice value

No collateral

Compare Business Loan Interest Rates 2024

Best rates from banks and NBFCs

Lender	Interest Rate	Max Amount	Loan Type
SBI	11.00%	₹5 Crore	MSME Loan
HDFC Bank	11.50%	₹3 Crore	Business Loan
ICICI Bank	12.00%	₹2 Crore	Working Capital
Bajaj Finserv	14.00%	₹50 Lakh	Unsecured
Tata Capital	13.00%	₹75 Lakh	Term Loan
Lendingkart	15.00%	₹2 Crore	Quick Loan

Business Loan Eligibility

Business Age:Minimum 1 year operational

Annual Turnover:₹10 Lakh+ for unsecured

CIBIL Score:650+ (Owner/Director)

Profitability:At least 1 year profit

GST Registration:Required for most loans

Business Type:Proprietorship, Partnership, Pvt Ltd

Documents Required

PAN Card of Business & Owner

GST Registration Certificate

Business Registration/Udyam

Last 2 years ITR with Computation

Last 12 months Bank Statements

Address Proof of Business

KYC of Directors/Partners

Business Loan FAQs

Can I get business loan without ITR?

Some lenders offer business loans based on GST returns and bank statements without ITR. Mudra loans up to ₹50,000 may not require ITR. However, larger loans typically need at least 1 year ITR.

What is Mudra loan eligibility?

Mudra loans are available for any Indian citizen with a business plan. No collateral required. Shishu (up to ₹50K), Kishore (₹50K-5L), Tarun (₹5L-10L). Business should be non-farm sector.

How much business loan can I get?

Loan amount depends on turnover, profitability, and collateral. Unsecured: up to ₹50 Lakh. Secured: up to ₹5 Crore or more. Typically 20-30% of annual turnover for unsecured loans.

What is the processing time for business loan?

Processing time varies: NBFCs/Fintechs: 48-72 hours. Banks: 7-15 days. Mudra loans: 7-10 days. Pre-approved customers may get faster processing.

Grow Your Business with Right Funding

Check eligibility and get best loan offers for your business

Business Loan Guide 2024 - BuyNswipe®

BuyNswipe® Business Loan marketplace helps MSMEs, startups, and SMEs find the right business loan online. Compare MSME loan, Mudra loan, working capital loan, and startup loan from 20+ lenders at interest rates starting 11% p.a.

Apply for business loan without collateral up to ₹50 Lakh. Get government business loan schemes like PMMY Mudra, CGTMSE covered loans, and Startup India funding. Our platform matches you with the best lender based on your business profile.

Whether you need SBI business loan, HDFC business loan, machinery loan, or invoice financing, BuyNswipe® provides instant eligibility check and quick approvals for your business funding needs.