Frequently Asked Questions

Who can apply for a loan?

If you have a business and need finance for any of your business needs, you can apply for a loan. You could be any one of the following:

Self Employed Professional
Sole Proprietorship Firm
Partnership Firm
Limited Liability Partnership
Private Limited Company

For what all purposes can I get a loan?

BIZLOAN can provide you with finance to meet your business needs for:

Regular working capital
Managing seasonal business requirements
Expansion of business
Manage short term cash flow mismatches
To make renovations/ buy a machine/ add capacity

What shall be the ticket size and tenure of loans that shall be granted?

Loans can be granted upto ₹ 25 lakhs basis your need and eligibility, kindly refer to the table below

Type of loan	Amount	Tenor
Unsecured loans	₹ 1 Lac to ₹ 5 Lacs	3 months to 24 months
Secured loans	₹ 1 Lac to ₹ 25 Lacs	3 months to 48 months

For further details, please refer our Products page

Is it mandatory to provide a security? What can I offer as security?

BIZLOAN offers both Secured and Unsecured Loans. For Secured Loans, we accept a mix of securities including Property, Life Insurance Policies, Mutual Funds, Shares, Bonds among others.
The benefits of a Secured Loan are:

higher eligibility
longer tenor
lower interest rate

What documents are required to process my loan request?

We require you to submit the following documents:

Aadhar card
PAN Card
Address proof of residence and business
ITRs and balance sheets for last 2 years
6-12 months bank statements

How long will it take to get my loan approved?

Loan can be sanctioned within 3 working days of getting the duly filled in application form alongwith documents and shall be disbursed within 7 working days.

What shall be the repayment mode?

The repayments can be made through PDCs or ECS.

What all other charges shall I be required to pay?

Alongwith interest on the loan amount, Processing Fee to facilitate legal and documentation charges, shall be charged one time upfront at the time of loan initiation.