Business Loan: Apply For Business Loan Online

Business Loan

For every stage of your business journey, explore financing designed to support eligible business needs. Whether you are managing working capital, meeting operational expenses or planning your next phase of growth, RBL Bank’s Business Loan can help you move forward, subject eligibility and applicable terms.

Access financing from eligible business needs, from managing working capital to supporting planned expansion.

Loan amount from INR 5 Lakhs up to INR 50 Lakhs
Convenient loan repayment option of up to 60 months
No security or collateral required to avail this loan

Eligible Business Types

Business loans can be availed by Self-Employed Individuals, Self-Employed Professionals, Sole- proprietorship, partnership firms, and private limited companies (including closely held public limited companies), with a profitable business for the past 3 years.

Age Criteria

The applicants age should be minimum of 27 years at the time of application and a maximum of 65 years at loan maturity.

Business Experience

Self-employed (Business): Minimum 5 years’ experience in the same business, with at least 3 years of operation in the same city.
Self-employed (Professional): Minimum 5 years’ post-qualification experience for graduates and 3 years for postgraduates, supported by a Degree Certificate or Certificate of Practice.

Residence or Office Ownership

Applicant must own either residence or office in his name or jointly with family members or must reside in a residence owned by an immediate family member.

PAN Card: For Individuals/Partnership Firm/Company
Identity Proof: Any one (e.g. Voter ID/Driving License/Passport)
Address Proof: Any one (e.g. Voter ID/Driving License/Passport/Telephone Bill/Electricity Bill/Registered Lease Deed or Sale Agreement/Bank Statement)
Ownership proof of either residence or office either in the name of the applicant or jointly with family members
Business Continuity Proof: Any one document dated 5 years old (Bank Statement/Sales Tax Challans/IT Returns/Shops & Est. Certificate/COI/Partnership Deed)
Letter certifying end use of the Business Loan funds on Business Letterhead
Passport Size Photographs of all applicants and co-applicants

Financial Documents Required

For Self-Employed Individuals/Sole Proprietorships:

Latest audited ITR and financials for the last 2 years (Balance Sheet, Profit & Loss A/c., Computation of Income along with all schedules).
Bank statements from the borrower's main account/s for the last 6 months and 3 months of all other bank accounts mentioned in the balance sheet.

For Self-Employed Professionals:

Latest audited ITR and financials for the last 2 years (Balance Sheet, Profit & Loss A/c., Computation of Income along with all schedules).
Bank statements from the borrower's main account/s for the last 6 months and 3 months of all other bank accounts mentioned in the balance sheet.
Professional qualification certificate and Degree certificate for professionals (Doctors, Architects, Chartered Accountants etc).

For Partnership Firms/Private Limited Companies:

Latest audited ITR and financials for the last 2 years (Balance Sheet, Profit & Loss A/c., Computation of Income along with all schedules).
Bank statements from the borrower's main account/s for the last 6 months and 3 months of all other bank accounts mentioned in the balance sheet.
Partnership Deed and partnership authority letter for partnership firms.
Memorandum and Articles of Association and Board Resolution from the company.
Certificate of Incorporation (COI) for companies.
Latest shareholding patterns for Private/Public Ltd. companies.

How much loan amount can I borrow in a Business Loan?

You can borrow loan amount from INR 5 Lakhs to 50 Lakhs depending on your eligibility basis the financial documents submitted, repayment capacity.

How will I repay my Business Loan?

We offer Business Loan as a term loan which can be repaid in easy EMIs (Equated Monthly Installments). EMI can be paid through ECS facility, Standing Instruction to debit your RBL Bank account or though Post Dated Cheques with your EMI amount. EMI amount can be calculated using ‘EMI Calculator’

For how many months can I borrow a Business Loan?

We offer convenient repayment options of up to 60 months depending on the profile of the customer.

Is there any security that I need to provide to get a Business Loan?

RBL Bank offers Business loan as an unsecured loan and hence you do not need to provide for any Security or Collateral for availing a Business Loan.

Do I have to pay any Processing Fees or Charges to avail a Business Loan?

A processing fee of a maximum of 2% of the loan amount (plus Service Tax at the prevailing rate) is required to be paid. This fee will be deducted from the Loan amount at the time of the disbursal of your loan.

Is there an option to prepay the Business Loan earlier? Are there any charges?

No foreclosure charges for Micro and Small Enterprises having loan amount up to 50 Lakhs, For all other customers 4% of the prepayment amount/ Principal Outstanding.

Are there any benefits of having a Current/Saving Account with RBL Bank for my Business loan?

You get the benefit of easier documentation if you have a Current / Savings Account with RBL Bank. You can avail paying your EMI through Standing Instructions to debit your RBL Bank Account for the loan. This will be taken into consideration at the time of disbursal of the loan.