Eligibility Criteria for Business Loan
You are being offered India’s cheapest business loan on Balajifinserv.in
- An established business that has been in operations for more than 6 months.
- A minimum turnover of ₹ 90,000 or more in the 3 months preceding your loan application.
- The business should not fall under blacklisted / excluded list for SBA finance.
- The physical location of your enterprises should not be in the negative location list.
- Trusts, NGOs and charitable institutions are not eligible for small business loans.
If you are not sure if your business falls under a restricted category or location, you can contact us to confirm your eligibility
Business Loan Fees & Interest Rates
| Customized Interest Rates | 12% to 46.5% per annum |
| Processing Fees | 2-3% |
| Loan Tenure | up to 36 months |
| Pre-closure Charges | Nil** |
| Eligibility Criteria | > ₹ 90,000 turn over for 3 Months |
| Loan Amount | ₹ 50,000 – ₹ 2 crore |
| Installments | Flexible Monthly / Bi-weekly |
| Penalty for late payment | Rs. 300 (fixed) and 36% on the overdue amount. |