Professional Business Loan Assistance

Find the best loan products for your business needs. Expert guidance on lender selection, application preparation, and term negotiation.

हिंदी सारांश: व्यवसाय के लिए उचित ऋण उत्पाद खोजने में विशेषज्ञ सहायता। कार्यशील पूंजी, टर्म लोन, उपकरण वित्तपोषण और बैंक/NBFC से सर्वोत्तम शर्तें प्राप्त करना।

Types of Business Loans

Lender Options We Connect You With

1. Public Sector Banks (PSBs)

• Best for: Large loan amounts, government-backed schemes
• Interest rates: 8.5% - 11.5% p.a.
• Pros: Lower rates, CGTMSE/PMEGP schemes, higher loan amounts
• Cons: Longer processing time, stringent documentation
• Examples: SBI, PNB, Bank of Baroda, Canara Bank

2. Private Banks

• Best for: Quick processing, digital experience
• Interest rates: 9% - 14% p.a.
• Pros: Faster approval, flexible terms, better service
• Cons: Higher rates, lower loan-to-value
• Examples: HDFC, ICICI, Axis, Kotak Mahindra

3. NBFCs (Non-Banking Financial Companies)

• Best for: Fast disbursal, flexible criteria
• Interest rates: 12% - 24% p.a.
• Pros: Quick approval (24-72 hours), minimal documentation, easier eligibility
• Cons: Higher interest rates, lower amounts
• Examples: Bajaj Finserv, Tata Capital, Fullerton India, Lendingkart

Eligibility Criteria (General)

• Business Age: Minimum 1-3 years of operations
• Annual Turnover: ₹10L+ (varies by lender and loan type)
• Credit Score: 650+ (PSBs), 600+ (private/NBFCs)
• Profitability: Positive cash flow preferred
• Collateral: Required for loans above ₹10L (or CGTMSE coverage)
• Business Registration: Valid GST, Udyam/MSME certificate, PAN

Key Loan Features to Compare

• Interest Rate: Fixed vs floating; compare effective cost
• Processing Fees: 0.5% - 3% of loan amount
• Prepayment Charges: 2-4% penalty or nil after certain period
• Loan Tenure: 1-7 years (working capital), 3-20 years (term loans)
• Moratorium Period: 3-12 months interest-only repayment
• Collateral Requirements: Secured vs unsecured options

How Agnivridhi Helps You Secure the Best Loan

1. Funding Need Assessment

• Analyze your business cash flow and working capital gap
• Determine optimal loan amount and tenure
• Identify suitable loan products (working capital vs term loan)
• Evaluate debt-equity mix and repayment capacity

2. Lender Selection & Comparison

• Match your profile with lenders most likely to approve
• Compare interest rates, fees, and terms across 15+ lenders
• Recommend best 3-5 lenders based on speed, cost, and flexibility
• Check eligibility for government schemes (PMMY, CGTMSE, PSC)

3. Application Preparation

• Complete loan application forms with accurate information
• Prepare financial projections and cash flow statements
• Draft compelling business plan and loan justification
• Organize all required documents (KYC, financials, business proof)

4. Documentation Support

• Business registration documents (GST, Udyam, PAN, TAN)
• Financial statements (P&L, Balance Sheet, Cash Flow) - last 2-3 years
• Income tax returns and GST returns
• Bank statements (6-12 months)
• Property documents (for secured loans)
• Quotes/invoices for machinery or equipment purchase

5. Term Negotiation & Approval

• Negotiate interest rates and processing fees
• Advocate for favorable repayment terms and moratorium
• Request lower collateral requirements or CGTMSE coverage
• Follow up with banks for faster approval
• Clarify queries and provide additional documentation

6. Disbursal & Post-Loan Support

• Complete final documentation and legal formalities
• Ensure timely fund disbursal to your account
• Guide on optimal fund utilization and compliance
• Set up EMI payment reminders and tracking
• Assist with top-up loans or refinancing in future

Common Loan Application Mistakes to Avoid

• Applying to too many lenders simultaneously (hurts credit score)
• Incomplete or inconsistent financial documentation
• Overstating turnover or profitability (leads to rejection)
• Not checking credit score before applying
• Choosing wrong loan product (e.g., term loan for working capital)
• Ignoring fine print on prepayment, foreclosure, and penal charges

"Agnivridhi helped us secure a ₹50 lakh working capital loan at 10% interest with minimal collateral. Their lender comparison saved us 2% annually."