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Apply for a collateral-free business loan in just 5 minutes Throw way2bankloan. Fast, Fair and Transparent.

Business loans are vital for entrepreneurs looking to kick start or expand their businesses. Way2Bank Loan range of financial products has continually innovated to cater to businesses that seek funds.“WAY2BANKLOAN” business loan is designed to fulfil capital requirements for small and medium enterprises. The MSME business loan is a comprehensive product that offers quick funds to help you grow your small business and invest in vital infrastructure, machinery, plants, operations, advertising, marketing etc.

WAY2BANKLOAN online business loan is the ideal loan for a business as a source of capital for all your business needs. The business loan interest rate is attractive and affordable to ensure you do not have to cut down on essential expenses of your business. Through extensive market research, the instant business loan process is tailored to ensure that it is at par with being the best business loan offer in India.
Apply for an instant business loan throw “way2bankloan” today and watch your business soar to new heights of success!

Personal Loan

Features of “WAY2BANKLOAN” Business Loan

Customized business loans are a new category of business loans that are tailored to meet the specific needs of a new-age business. These loans offer your enterprise the opportunity to scale and give it the competitive edge necessary for success in today’s world.



  1. 1. Quick disbursal: You can get a business loan quickly. This way, you can run operations smoothly or execute business expansion plans.
  2. 2. Better cash flow management:A business loan can also provide the flexibility necessary to manage cash flow. Instead of using all of its available cash to cover expenses, you can use a loan to extend expenditures over time. It can help your business manage its cash flow and avoid financial difficulties.
  3. 3. Building brand and reputation:A business loan can help you build a brand and reputation. By investing in marketing, advertising and other promotional activities, a company can increase its visibility and attract new customers.
  4. 4. Convenient and easy:Getting a Business Loan doesn't require a lot of paperwork, which is a primary advantage. Some customers can qualify for loans without collateral, guarantor, or security to meet their business expansion needs. Several lenders offer doorstep services as well.
  5. 5. Competitive interest rates:Business loans with competitive interest rates help you save money on borrowing costs, allowing you to use those savings to invest in business growth and expansion. These low-interest loans can also make it easier for a company to manage its cash flow and maintain financial stability. Depending on the market, interest rates can range from 11.5% to 24.5%.
  6. 6. Improved business credit:A business loan can help improve your business’s credit rating. By making regular payments on a loan, you can demonstrate that you are financially responsible and worthy of credit in the future.

1

Instant Loan

Instant Loan Amount Upto Rs. 30 Lakh

2

Loan Process

Easy and Online Application Process.

3

Instant Credit

Instant Credit of loan Amount to your bank account

3

EMI Repayment

Affordable EMI repayment options.

Who can apply?

MSMEs/ non-Individuals such as:
  1. Private Ltd.
  2. Partnership firms.
  3. LLPs.
  4. Sole proprietors etc..

Are you thinking of availing a business loan anytime soon? Browse through our business loan eligibility criteria mentioned below, to make sure your business loan is approved at the very first go:

  1. The applicant has to be in business for last 3 years with a minimum turnover of Rs.40 Lakhs
  2. The business must have generated profit for a minimum of 1 year.
  3. The main applicant should be minimum of 25 years of age & should be no older than 65 years at the time of loan maturity.
Personal Loan

Documents Required for a Business loan

Proprietorship Partnership Pvt.Ltd. / LLP/
One Persion Company
Bank Statement (12 Months) Business Loan Business Loan Business Loan
Business Registation Proof Business Loan Business Loan Business Loan
Proprietor(s) Pan Card Copy Business Loan Business Loan Business Loan
Proprietor(s) Adhar Card Copy Business Loan Business Loan Business Loan
Partnership Deed Copy Business Loan Business Loan Business Loan
Company PAN Card Business Loan Business Loan Business Loan

  1. Identity proof : PAN Card/Driving License/ Passport/ Voter's ID/ Aadhaar Card
  2. Address Proof: Passport/Driving License/Voter's ID/Aadhaar Card/Utility Bill/Bank Statement/Bank Account Passbook (Updated and no more than 3 months old)
  3. Ownership proof: Agreement Copy / Electricity Bill / Maintenance Bill with share certificate / Municipal tax bill/Share certificate
  4. Business continuity proof: Shop and Establishment certificate/Tax registrations-VAT/Service tax/GST registrations
  5. Banking: Last 12 months bank statement (Business Accounts)

Check your eligibility

Get your loan eligibility checked in just a few second

All the fields are mandatory

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Business Loans

Personal Loan

Financial Flow is the life blood of any successful organisation. Most businesses will need a large amount of working capital to start up a new business or enable the rapid growth of an existing business. Scaling up always requires a influx of finances. Which is why, we go to all lengths to ensure that we can disburse a loan that can help you take your business to the next level. Business loans are very special to Andromeda and we have been helping our customers scale to new heights of success by helping them finance their dreams for their enterprises. While a personal is given on a personal capacity and income, a business loan is given based on company’s income and capacity and is given in the company’s name.


Business loans are categorized broadly into following 2 segments.
  1. Secured Business Loans: A 3 year term loan for proprietorship, partnership, private limited companies and limited companies based on a sound balance sheet.
  2. Unsecured Business Loans: Working capital funding in rupees as well as foreign currency for proprietorship, partnership, private limited companies and limited companies.

Unsecured Business loans

Unsecured Business Loans are loans taken by the borrower to start or enhance a business without any collateral. The borrower need not pledge any of his property or asset. There are many banks like HDFC, SBI, etc. that provide you unsecured business loan in India and of course many financial services too like karvy financial services, cholamandalam financial services, indiabulls financial services etc.

WAY2BANKLOAN – India’s largest loan distributor brings the best deals for you.

Question 1: Starting a business OR need to enhance your business?
Question 2: Looking for a loan?

If the answers to both the above questions are ‘Yes’, then look for WAY2BANKLON. We can help you avail unsecured business loans with no collateral, minimal paper work and quick approvals, 3 year term loan for proprietorship, partnership, private limited companies and limited companies based on a sound balance sheet. The eligibility criteria for unsecured business loan differ from bank to bank. However most often they consider the below factors:

  1. Age – Most banks disburse business loans to individuals aged between -- to -- years.
  2. Current Business Experience – Banks will prefer that your business has been showing stable signs of growth at least for the last 3 years. Some banks give a loan amount up to 60 to 80% of your median annual profits.
  3. Total Business Experience – A bank will prefer if you have been engaged in sustainable business for at least 5 years to consider giving you a loan.

Working Capital for Business: Financial Services offers unsecured loans for your business needs. If you fall under the eligibility criteria and submit the relevant documentation you can get going with business loan without risking your assets and running business in constant fear of repayment of loan.

TIPS

  • Always have an appropriate estimate of the working capital.
  • Compare business loan from various banks. The eligibility criterion varies from bank to bank and so also the procedures and formalities.
  • Please remember that the interest rates on unsecured business loans are always higher when compared to the secured business loans.
  • Get a quote on the loan by filling in and submitting the details from free quote.
  • You will need good credit reports / CIBIL score while applying for a loan. This is by far the main criteria to be eligible for a business loan.

Top 3 private banks that have healthy loan growth as per an article from www.business-standard.com are ICICI, Axis and HDFC Banks.

ICICI Bank offers short-term unsecured finance
  • Available at reasonable cost to selected dealers of large corporates, extended for procurement of goods from corporates.
  • Commonly available on a non-recourse basis, with corporate recourse available by way of First Loss Deficiency Guarantee in some cases.
  • Service Charges – 0% – 2% plus applicable service taxes
HDFC unsecured business loan
  • Loan limits of up to Rs.10 lakh
  • Doorstep service
  • With competitive interest rates
  • Special offer for self-employed Doctors
  • Attractive interest rates
AXIS BANK
  • Competitive interest rates
  • A vast segment of products suiting every requirement and budget
  • Convenient, quick disposal of loans for your enterprise requirements.
Compare the best deals from Banks offering Unsecured Business Loans or simply get a free quote by providing us the required details.
Frequently asked questions on Unsecured Business loan approvals.
  1. What Is Your Approval Rate?
    The approval rate is high if you fall under the eligibility criteria.
  2. Is There a Fee To Have business loan Released?
    No.
  3. How Long Does It Take to Get Approved?
    Approvals can happen in a matter of days.
  4. How Long Does It Take To Get The Funds?
    Processing of the loans usually take 4 working days after all the documents are submitted.
  5. Can I Pay the Loan Back Early?
    Yes. You can pre-pay the loan after repaying a min. of 6 EMI’s. Foreclosure charges would be applicable as per the banks term and condition.

Business Loan Eligibility Criteria

Most banks have a common set of parameters that they evaluate loan applicats with, but what exactly these parameters are depends from bank to bank.

Age

Most banks will disburse business loans to individuals aged between 24 to 65 years.

Current Business Experience

Banks will prefer that your business has been showing stable signs of growth at least for the last 3 years. If you can show sustained billing and revenues and top it off with profit, getting a business loan should not be a problem for you. Some banks give a loan amount up to 60 to 80% of your median annual profits.

Total Business Experience

A bank will prefer if you have been engaged in sustainable business for atleast 5 years to consider giving you a loan. Your diversity in terms of business experience and so on along with good results will help you acquire your business loan.

REQUIRMENT DOCUMENTS

The following documents are required along with your Business Loan application:

SALE – PROPRITERSHIP FORM

KYC ::
(CO-APPLICENTS KYC REQUIRED IF APPLICANT IS LESS THEN 25 YEAR MORE THEN 60 YEAR , IF APPLICANT IS FEMAL)
  • ID PROFF – PAN CARD
  • ADDRESS PROFF – ADHAR CARD / PASPORT / UTILITY BILL / VOTER CARD (Any of one)
  • PASPORT SIZE PHOTO
OWNERSHIP ::
  • ELECT BILL / WATER BILL / HOSE TAX RECEPT / GAS LINE BILL
BUSINESS DOCUMENTS :: REGISTRATION + VINTAGE + ADDRESS PROFF –
  • GST CERTIFICATE- COMPALSORY
  • TIN NO
  • CURRENT ACCOUNT- (AS ADDRESS PROFF ONLY)
INCOME DOCUMENTS ::
  • LAST 2 YEAR- ITR & COMPUTATION
  • LAST 2 YEAR – PROFITS & LOSS AND BALANCE SHEET
  • LAST YEAR – DEBATERS & CREDITORS REPORT
  • LAST 2 YEAR – AUDIT REPORTS , 3CB & 3CD – IF BUSINESS TOURN OVER MORE THEN 2 CR OR FORM AUDITED
BANK STATEMENTS ::
  • LAST UPDATED 12 MONTHS ALL CURENT BANK STATEMENTS IN PDF FORMET

PARTNERSHIP & PRIVET LIMITED FORM

COMPANY KYC ::
  • COMPANY PAN CARD
  • 51% SHARE HOLDING LIST
  • IOC , MOA OR PARTNERSHIP DEED
ALL - DIRECOTERS OR PARTNERS KYC ::
  • ID PROFF – PAN CARD
  • ADDRESS PROFF – ADHAR CARD / PASPORT / UTILITY BILL / VOTER CARD (Any of one)
  • PASPORT SIZE PHOTO
51% SHARE HOLDING DIRECOTERS OR PARTNERS INCOME DOCUMENTS ::
  • LAST 2 YEAR- ITR & COMPUTATION
  • LAST 2 YEAR - PROFIT & LOSS AND BALANCE SHEET
ANEY OF ONE DIRECTOR OR PARTNER OWNERSHIP PROFF ::
  • ELECT BILL / WATER BILL / HOSE TAX RECEPT / GAS LINE BILL
BUSINESS DOCUMENTS :: REGISTRATION + VINTAGE + ADDRESS PROFF –
  • GST CERTIFICATE- COMPALSORY
  • TIN NO
  • CURRENT ACCOUNT- (AS ADDRESS PROFF ONLY)
COMPANY INCOME DOCUMENTS ::
  • LAST 2 YEAR- ITR & COMPUTATION
  • LAST 2 YEAR - PROFIT & LOSS AND BALANCE SHEET
  • LAST YEAR – DEBATERS & CREDITORS REPORT
  • LAST 2 YEAR – AUDIT REPORTS , 3CB & 3CD
BANK STATEMENTS ::
  • LAST UPDATED 12 MONTHS ALL CURENT BANK STATEMENTS IN PDF FORMET

Loan ?


A bank loan may be obtained from a bank and may be either secured or unsecured. For secured loans, banks will require collateral, which may be lost if repayments are not made. The bank will probably wish to see the business’s accounts, balance sheet and business plan, as well as studying the principals' credit histories. Many smaller businesses are now however turning towards Alternative Finance Providers, especially in the case of smaller firms.

Loans from credit unions may be referred to as bank loans as well. Business loans from credit unions received the second highest level of satisfaction from borrowers after loans from small banks

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