Apply for: Business Loan

I have read the Privacy Policy & Agree to T&C and authorise Dialabank & its partner institutions to Call or SMS me with reference to my application.

Business Loan | Interest Rates | Eligibility | Apply Online - Dialabank


What is a Business Loan?

If you own any business, running it on the desired track is not an easy task. One can face difficulties in maintaining the right pace of the business. A successful company requires sufficient manpower, technology, good infrastructure, and financial resources. Capital is always needed to run business on the desired track. You can avail a Loan for your business from Banks or NBFCs. Business Loan is a scheme that provides you the required funds to cater all the needs of your company. Business Loan can be used for multiple business purposes like buying new machinery, new technology, making payments and many more. You can get the required finance by availing this scheme. It is unsecured Business Loan. There is no need of any collateral. If you are having a small scale industry, you can also avail this SME (Small Medium Enterprises) Loan.


Purpose of a Small Business Loan

Businesses can raise fundsl by inviting shares and debentures or simply borrowing from banks and other lending institutions and the purpose of doing so could be different:

  • Expansion of an existing business.
  • For improvemmnet of office premesis, constructing new building.
  • Designing a new concept or product in a new business.
  • Starting a new business.


Types of Business Loans

Secured Business Loans: In secured business loan, the borrower pledges his valuable property as security to the lender. It is called as secured loan because the property pledged by consumer is kept secured to the lender. When the borrower fails to make repayments on time, bank can get possession of the collateral provided. As a result the creditor ca recover easily from the risk occurred by selling property for any purpose.

Unsecured Business Loans: In unsecured loan, there is not any hard requirement of any type of collateral. It is hard to get, but cheaper at the same time. Creditors check the credit history before granting the business loan. Creditors evaluate the repayment ability of the business.

Professional Loans: Professional Loans are given to Self Employed Professionals like Doctor, Engineer, Chartered Accountant, Secretary and any more. For Doctors, there is a specially designed scheme called as Doctor's Loan. These loans are unsecured by nature, i.e, you do not need to pledge any valuable property to the lender and also known as Personal Loan for Self Employed. These loans are not given to manufacturing and trading units. The loan amount varies from 25,000 to Rs. 25 lacs.

Trade Loans: Trade loans are provided to traders/ businessmen, so as to help them either open a new business or operate/expand an existing one. The amount of loan varies between Rs. 25000 to Rs. 100 lakh, considering the age of the customer, his financial standing, his repayment capacity, tenure of the loan, etc. 


Eligibility For a Business Loan

  • Minimum age of the applicant: 21 years
  • Maximum age of the applicant: 65 years
  • Minimum Turnover: 15 lakhs(varies accoring to the cities)
  • Years in the Business: Minimum 3 Years
  • ITR Filed: Minimum of 2 years
  • Minimum Loan Amount: Rs. 25,000
  • Maximum Loan Amount: Rs. 50 lakh.


Business Loan Interest Rates: Interest Rates amy vary according to the banks or NBFCs. It may also depend up on your business, loan amount and your credit history. Check Interest Rates for Business Loan here.


Documents Required For Business Loans

Documents required for availing a Business Loan are:

  • ID Proof ( Passport / Voters ID card / Driving License) Any one of these
  • Residence Proof ( Ration card / Telephon Bill / Elctrisity Bill / Passport ) Any one of these
  • Proof of continuity of business ( Trade License/ Establishment / Sales tax Certificate)
  • Latest ITR of 2 years with balance sheet
  • Latest 1-year Account Staement
  • 2 passport size photographs

Business Loan EMI Calculator

Take benefit of our EMI calculator to check affordability of your Business Loan EMI helps you find the most suitable offer for Business Loan

  • Doorstep and Personalised Service 
  • Best Platform for Rate Comparison
  • Deatiled Research on Product
  • Zero Charges
  • Unbiased and Transparent Experts Advice


Avail the Doorstep Services of Dialabank and get the Best Business Loan on Affordable Interest Rates. You can apply online or can call us on 60011600 or 9878981144. Get Experts Advice and find the best offer.



Latest Articles

Which one is Better for a Business Loan - a Bank or an NBFC?

Business Loan is a scheme that provides finance to maintain the right track of the business. If you are running your own business for 3 years and you need finance, then you can avail this scheme. B read more

A Mentor to An Equity and Start up Finance

Enhancing capital to start up a business is not at all an easy task sometimes. It depends on the type of business you are going to start. Initiating a business that needs lots of capital as we read more

Ways for Borrowing money for your business

In today’s world, starting up a new business and make it successful is a big challenge. The people who have financial savings can invest in to business. The important aspect for business is f read more

Business Loans- A Source to your Business Dreams

Call us on 60011600 Money is one of the important assets in every field. Without money, no one can survive easily. On the business part, capital is needed to run business on the desired track. read more

Leading Business Loan Providers

Business Loan is analogous to the personal Loan. The basic difference is that unsecured loan is availed by salaried individual and business loan is taken by the self individual or self employed pro read more