Business Loan Detail ( Updated On )

Interest Rates

Starting from 16% p.a

Customer Rating


Processing Fees

2-3% of Loan amount

Pre-Closing Charges


Max Amt Eligible

50 Lakhs to 3Cr

Business Vintage

At Least 3 years

Loan Tenure

Up to 60 months


25 to 65 years

Eligibility Criteria

> ₹ 90,000 turn over for 3 Months

Cibil Score

685 or Higher

Pre-closure Charges



Flexible Monthly / Bi-weekly

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Business Loan - Apply For Business Loan Online

 What is a business loan?

A business loan is basically a borrowed amount of capital that is used for an investments in a new or existing business improvements. Whether small or medium enterprises or large businesses, it is absolutely important to understand how these loans work. Business loan is a funding supports offered by Banks and NBFCs to meet the financial requirements of self employed customers. It can be availed by individual, Small and Medium Enterprises, business owners, entrepreneurs, and several other entities.

 Types of Business Loans:

Most of the people have the misconception that only but banks and government institutions can sanction business loans. The truth is there are many types of business investments are available in the market that can be considered as a business loans. It is important that a small, medium and large enterprise owner knows about these business loan types in order to get funding through proper channels for his/her company. We offering other loans for Personal Loan, Apply Home Loan Online, Doctor Loan etc.

Start-up Business Loans:

As aspiring entrepreneurs, if you want to start your own business venture and need financial assistance, you can always apply for a startup business loans. You can also avail of these loans if you wish to expand your Business of your start up enterprise.

Working Capital Loans:

WaytoBank Home Loan Offering attractive interest rates with Low EMIs

Machinery Loans:

A machinery loan can help you with expenses related to your business equipments. With this loan, you can purchase new machinery and upgrade existing ones, or even repair faulty equipments.

SME and MSME Loans:

With the help of an MSME loans, you can finance business requirements like revamping your company’s infrastructures, purchasing machinery or raw materials, or expanding your business operations in general.

Business Loan for Women:

Most financial institutions offers business loans for women that can help female entrepreneurs become self-sufficient and enable the growth of their enterprises.

Short-term Loans:

These loans are generally, a short-term loan is given for a period ranging between 3 to 18 months as these loans are meant for working capital finance and limited capital investments.

Trade Creditor:

A supplier who has provided services to your business, but is yet to be paid, is considered a trade creditor. It is a very common arrangement for conducting day-to-day business activities between buyers and suppliers with long working relationships. The amount due to a trade creditor can also be considered as a very short term business loans.

 Business Loan – Features and Benefits:

WaytoBank offers customized business loans for small, medium and Large businesses in India. Our loans are free from the bureaucratic red tape that often accompanies bank loans & have a straightforward application approval and disbursal process. We Providing other best loans for Home Loan, Doctor Loan, Apply Personal Loan Online, etc.

Easy Application:

Applying for our business loan is as Very easy as clicking here. Share your phone number and we will get back to you to discuss Next steps ahead. Once your details are verified and you get your loan approval within a matter of minutes.

Large Loan Amount:

You may apply for a loan amount in the range of 1 Lakh to 1Cr, which might be sufficient to meet most businesses’ financial needs.

Long Repayment Tenor:

Repayment your Loan in Affordable EMIs Split over a tenor going up-to 84months

No Hidden Costs:

WaytoBank business loans promise zero hidden costs and charges. We only levy a one-time processing fees of 2 to 3% based on your loan ask and that’s all. This allows you to retain more of the principal amount for business growth and Improvements.

Minimal Documents Required:

WaytoBank does not require heavy paperwork for your loan approval. We have minimal documentation requirements that are quite easy and fast to fulfill. These include your address proof, Identity proof, financial documents, and proof of ownership etc.

 Eligibility Criteria for Business Loan:

For Business Loan Eligibility Criteria for basic conditions like CIBIL score, age, business turnover, and more those candidates must fulfill to avail business financial.

Business Loan Eligibility Criteria:

  • Age should be 25 to 65 years at the time of loan maturity
  • CIBIL score must be a 750 or more
  • Business Vintage Minimum 3 Years
  • The business turnover must display an upward trends
  • Individuals who have been in the current business for a min of 3 years, with 5 years total business experience.
  • Individuals, Business Owners, Entrepreneurs, Self-employed professionals, Startups, and Micro, Small, and Medium Enterprises (MSMEs)
  • Private and Public Limited Companies, Sole Proprietorship, Partnership Firms, Limited Liability Partnerships, and Large Enterprises engaged only in Manufacturing, Trading or Services sectors etc

 Documents Required for Business Loan:

Following documents are required for availing a Business Loan

  • Last six months’ company bank statements
  • Last two years Income Tax Returns
  • Last two years balance sheet and Profit & Loss accounts
  • KYC documents of the company
  • KYC documents of the business owners
  • A report with detailed information about how the candidate will utilise the Business Loan
  • Photo identity proof ( Aadhar card/ PAN Card / Driving license/ Voter ID/ Passport/Utility Bills (Electricity or Water Bill)
  • Bank statements
  • Business proof
  • Any other document required by the lender

 Reasons Apply For Business Loan:

  • Increase your working capital
  • Expand the size of your workplace
  • Add a new physical location
  • Build credit for the future
  • Buy new machinery or equipment
  • Spend money on marketing of your business
  • Purchase inventory
  • Add a new line of products or services to your business
  • Hire skilled workers or train existing employees

 Apply for Business loan Online Few Steps:

Step 1: Fill in the required fields as mentioned in the form

Step 2: Further you will be required to mention your company details, basic personal information, along with registered mobile number and email address.

Step 3: After submitting all the details, the bank's representative will contact you to proceed with loan formalities

Step 4: Once your loan application and documents are verified and approved by the bank, within defined working days the loan amount shall get disbursed in your mentioned bank account