Start-up Business Loans

You can simply look at the eligibility criteria and then determine your eligibility. Otherwise, opt for an easier method and use an online eligibility calculator to get quick and accurate results.

The difficulty or ease to avail of a start-up loan depends on the business itself. There are several factors that lenders consider before approving a loan application. Borrowers must maintain a good credit score and meet/ exceed the eligibility to avail of a high-value loan amount with ease.

The criteria and the document list on this page do not name a business plan. The documents are KYC documents, proof of business ownership and other financial documents. You can get a collateral-free loan of up to Rs. 80 lakh, inclusive of insurance premium, VAS charges, documentation charges, Flexi fees and processing fees, if you are 21 to 80 years old, your business is at least 3 years old, and your CIBIL score is 650 or higher. A business plan still helps you plan the use of the funds.

Your business must have a minimum vintage of 3 years to apply for this loan. You must also meet the age, CIBIL score and residency criteria and submit the required documents. The loan goes up to Rs. 80 lakh, inclusive of insurance premium, VAS charges, documentation charges, Flexi fees and processing fees. A younger business can look at the Mudra loan or the credit guarantee route described above.

Yes. Bajaj Finance offers unsecured, collateral-free startup business loans of up to Rs. 80 lakh, so you do not need to pledge any property or other assets as security. Eligible businesses can apply based on the lender's credit and business eligibility criteria.

Yes, startup business loans are available if your business meets the lender's eligibility requirements. For Bajaj Finance, applicants should have a credit score of 650 or above, be between 21 and 80 years of age, and have a minimum business vintage of 3 years.

Yes. Eligible small business owners can apply for unsecured, collateral-free startup business loans from Bajaj Finance of up to Rs. 80 lakh. Since no property or asset pledge is required, businesses can access funds while continuing to use their existing assets for operations.

No single loan is best for every startup, because the right one depends on the age of your business, the amount you need and how you want to repay. Compare eligibility, interest rate, fees, tenure and prepayment terms. Our online Business Loan gives Rs. 2 lakh to Rs. 80 lakh in three variants, but it requires a business of at least 3 years. A younger startup can look at a Mudra loan or the credit guarantee route.

The criteria on this page name no guarantor. They ask for an age of 21 to 80 years, a business of at least 3 years, a CIBIL score of 650 or higher and Indian residency, and the loan is unsecured. A co-applicant, if added, must be at least 21 years old at application and no more than 80 at maturity. A younger business can ask a lender about the Credit Guarantee Scheme for Startups, which guarantees the lender and not you.

Terms differ by lender, so compare each offer on the same five points: the interest rate, the processing and other fees, the tenure, the prepayment charges and the eligibility rules. For reference, our Business Loan carries 14% to 23.50% per annum, processing fees of up to 4.72%, a tenure of up to 96 months and a business vintage of at least 3 years. Ask for the charges in writing before you choose.

Three options need no collateral: an unsecured business loan, a Mudra loan up to Rs. 20 lakh and a loan covered by the Credit Guarantee Scheme for Startups. Our unsecured loan accepts applicants from 21 years, with 80 years as the limit at maturity, and the business must be at least 3 years old. Match the option to the age of the business and the amount you need.

The options depend on how old the business is. At 3 years or more, our unsecured Business Loan of Rs. 2 lakh to Rs. 80 lakh needs no collateral. Under 3 years, a collateral-free Mudra loan serves non-corporate, non-farm micro and small enterprises, and a DPIIT-recognised startup can ask a lender about a loan with credit guarantee cover. Each lender sets its own terms.

Start with the legal form of the business, because it decides who can apply. Our machinery loan page lists partnerships, LLPs and private or public companies among eligible applicants, and DPIIT recognition covers private limited companies, partnership firms, LLPs and cooperative societies. A co-applicant can be added, within the age limits of 21 at application and 80 at maturity. Confirm with your lender which documents each owner must provide.

Our Vijayawada page says the process is online and needs no branch visit, so you can apply from Vijayawada without going to a branch. It states the same core criteria as this page: age 21 to 80 years, a business of at least 3 years and Indian residency. It gives no startup-specific terms, so a business under 3 years does not meet the vintage rule there either.

A machinery loan makes you the owner of the asset, while a lease keeps the lessor as owner and you pay only rentals. Our machinery loan page says a loan suits long-life machinery with consistent use, and a lease suits technology equipment that becomes outdated quickly. A loan typically runs 1 to 8 years, and a lease 3 to 5 years. That page does not say that Bajaj Finance offers leasing.

This Business Loan asks for a business vintage of at least 3 years, so a younger startup does not meet the criteria on this page. Two routes remain. A Mudra loan offers collateral-free loans of up to Rs. 20 lakh to non-corporate, non-farm micro and small enterprises. A DPIIT-recognised startup can ask a lender about a loan with credit guarantee cover. You can apply for our Business Loan once the business turns 3 years old.

DPIIT recognition is a government certificate that marks an entity as a startup. The entity must be a private limited company, partnership firm, LLP or cooperative society, up to 10 years from incorporation, with turnover below Rs. 200 crore in any year. Deep tech startups get 20 years and Rs. 300 crore. You apply on the National Single Window System, and the page states there is no fee for the certificate.

It gives lenders a guarantee against default on loans to DPIIT-recognised startups, which supports collateral-free lending. Coverage goes up to Rs. 20 crore per borrower: 85% of the amount in default for loans up to Rs. 10 crore, and 75% above that. The guarantee reaches the lender through NCGTC and not the startup directly. Apply through a lender that takes part in the scheme.

A startup can look at a Mudra loan if it is a non-corporate, non-farm micro or small enterprise. Mudra offers collateral-free loans of up to Rs. 20 lakh in four categories: Shishu, Kishor, Tarun and Tarun Plus. The PIB document names no minimum business age. Banks, small finance banks, NBFCs and MFIs lend the money, not MUDRA, and each lender decides on your case.