Business Loan

Every entrepreneur desires to get success in their business. However, there are certain financial needs for your business that has to be fulfilled to reach the milestone. An unsecured Business Loan can assist in meeting these financial requirements for your business which can include revamping the current business, setting up new machinery, purchasing inventory, increasing working capital or even keeping above the competitors.

At EIPK Financial Private Limited, our customised small business loan is tailored to focus on the funding required for your business. By partnering with you, we ensure that you get the perfect financial solution required to give your business the boost it needs. We offer unsecured small Business Loans at attractive interest rates, with a flexible repayment tenure. Experience a hassle free documentation process and the convenience of doorstep service.

Apply for unsecured business loans online at EIPK Financial Private Limited.

By getting an unsecured Business Loan from EIPK Financial Private Limited, you can take advantage of the following features and benefits:

Whether your business has needs for short-term loans, intermediate-term loans or long-term loans, EIPK Financial Private Limited offers instant Business Loans up to Rs. 30 lakh. You can use the loan amount to invest in infrastructure, expand operations, buy equipment or inventory, or even to increase working capital.

Take advantage of the best low interest Business Loan from EIPK Financial Private Limited. Our Business Loan interest rates are customised based on the funding required and your repaying capacity.

Our Business Loan repayment tenure ranging from 12 to 48 months, can provide you with the flexibility to pay the EMIs of your Business Loan without any financial burden.

Experience a minimal and quick documentation with our quick and easy Business Loan application process. When you apply for our Business Loan you only need to submit the relevant documents to get started.

Enjoy the best service for all your business needs and enjoy a hassle-free loan process. Our dedicated team of professionals ensure that you get only the best of our small Business Loan, right at your doorstep.

Our quick loan processing and speedy disbursal can ensure that you do not have to wait too long to use your funds. Our representative will reach out to you with your Business Loan application’s approval status.

No requirement to submit a collateral or security for our small business loan, thus ensuring you make the most of these funds without any financial burden.

Self-employed (Professionals) Doctors, Chartered Accountants, Architects, and Company Secretaries.

Eligibility Criteria

  • Minimum age of applicant: 22 years
  • Maximum age of applicant at loan maturity: 65 years
  • Years in business: Minimum 3 years
  • Minimum Annual Income: ₹ 1, 00,000 p.a. for Metro locations & ₹ 75,000 p.a. for other locations.

Self-employed (Individuals) include self-employed – Sole proprietors, Partners & Directors in the Business of Manufacturing, Trading or Services.

Eligibility Criteria

  • Minimum age of Applicant: 21 years
  • Maximum age of Applicant at loan maturity: 65 years
  • Years in business: Minimum 4 years with at least 2 years in the same Business
  • Minimum Annual Income: ₹ 1, 00,000/- p.a. for Metro locations & ₹ 75,000 p.a. for Non-Metro locations.

Self-employed (Pvt Cos and Partnership Firms) include Private Companies and Partnership firms in the Business of Manufacturing, Trading or Services

 Eligibility Criteria
  • Minimum age of Applicant: 22 years
  • Maximum age of Applicant at loan maturity: 65 years
  • Years in business: Minimum 4 years with minimum 2 years in the same Business
  • Minimum Annual Income: ₹ 100000/- p.a. for Metro Locations & ₹ 75,000/- p.a. for non-metro locations.
  • Business must be profit making for the last 2 years

Self-employed (Professionals) include self – employed Doctors, Chartered Accountants, Architects, and Company Secretaries.

Documents required:

  • Proof of Identity & Address Proof: Passport / Voters ID / Driving License/PAN Card*(PAN Card of Entity, Proprietors/Partners/Directors, Security providers and guarantors)/Aadhar CardorProofof possession of Aadhaar number(on Voluntary basis) / Photo
  • Address Proof of Entity, Proprietors/Partners/Directors, Security providers and guarantors like /Driving License/ Voter ID/ Utility Bill (anyone which is not more than two months old of any service provider – electricity, telephone, post-paid mobile phone, piped gas, water bill) / Registered Rental Agreement/Letter of allotment of accommodation from employer/ leave and license agreements with employers allotting official accommodation
  • Date of Birth Proof: Driving License / Pan Card / Passport Copy / Birth Certificate / 10th / 12th mark sheet bearing date of birth
  • Bank Statements: Latest statements /Bank passbook for last 6 months
  • Latest ITR along with computation of income, B/S & P&L a/c for the last 2 years certified by a CA along with schedules and Notes to Accounts, Tax audit reports, Statutory Audit report

Self-employed (Individuals) include self-employed – Sole proprietors, Partners & Directors in the Business of Manufacturing, Trading or Services.

Documents required:

  • Proof of Identity& Address Proof: Passport / Voters ID / Driving License/PAN Card*/Aadhar CardorProofof possession of Aadhaar number(on Voluntary
basis) /Photo /Driving License/ Voter ID/ Utility Bill (anyone (anyone which is not more than two months old of any service provider – electricity, telephone, post-paid mobile phone, piped gas, water bill) / Registered Rental Agreement/Letter of allotment of accommodation from employer/ leave and license agreements with employers allotting official accommodation 

  • Date of Birth Proof: Driving License / Pan Card* / Passport Copy / Birth Certificate / 10th / 12th mark sheet bearing date of birth 

  • Bank Statements: Latest statements / Bank passbook (updated within 90 days) 

  • Latest ITR along with computation of income, B/S & P&L a/c for the last 2 years 
certified by a CA 

  • Proof of continuation: Trade license /Establishment /Sales Tax certificate
  • Other Mandatory Documents (Sole Prop. Decl. Or Cert. Copy of Partnership Deed, 
Cert. Copy of MOA, AOA & Board resolution.)

Self-employed (Pvt Cos and Partnership Firms) include Private Companies and Partnership firms in the Business of Manufacturing, Trading or Services

Documents required:

  • Proof of Identity & Address Proof: Passport / Voters ID / Driving License/PAN Card*/AadharCardorProofofpossessionofAadhaarnumber(onVoluntarybasis) / Photo /Driving License/ Voter ID/ Utility Bill (anyone (anyone which is not more than two months old of any service provider – electricity, telephone, post-paid mobile phone, piped gas, water bill)/ Registered Rental Agreement /Letter of allotment of accommodation from employer/ leave and license agreements with employers allotting official accommodation 

  • Date of Birth Proof: Driving License / Pan Card / Passport Copy / Birth Certificate / 10th / 12th mark sheet bearing date of birth 

  • Bank Statements: Latest statements / Bank passbook (updated within 90 days) 
     
  • Latest ITR along with computation of income, B/S & P&L a/c for the last 2 years certified by a CA 

  • Proof of continuation: Trade license /Establishment /Sales Tax certificate/ SSI Registration 

  • Other Mandatory Documents (Sole Prop. Decl. Or Cert. Copy of Partnership Deed, Certified true copy of Memorandum & Articles of Association (Certified by Director) & Board resolution (Original).) 

 

Our loan application procedure for getting a Business Loan is easy. You can apply from the following options:

1. Visit our ‘Apply Now’ page

  • Step 1: Fill in the personal details along with the mobile number OTP verification
  • Step 2: Fill in the Professional details
  • Step 3: Your business loan application is accepted and our representative will get in touch with you soon
  • Step 4: Upload the required documents

2. Download our ‘HDB On The Go’ android app

  • Step 1: Verify the mobile number with OTP
  • Step 2: Click on ‘Apply for a New Loan’
  • Step 3: Enter the required loan and applicant details
  • Step 4: Enter the required address information
  • Step 5: Complete the image/signature

3. Visit your nearest EIPK Financial Private Limited Branch and get in touch with our business loan representative

4. Call on our customer support number and apply for a quick Business Loan

Business Loan FAQs

A business loan, also termed as commercial loan, is a credit used to fulfil the financial requirements for the expansion and growth of your business. EIPK Financial Private Limited offers collateral free business loans that are customised for an individual to seek the best financial assistance.

Anyone who owns a business from the below mentioned segments can apply for a business loan at competitive interest rates –

  • Self employed individuals that include Sole proprietors, Partners and Directors in the Business of Manufacturing, Trading or Services.
  • Self employed Professionals that include self – employed Doctors, Chartered Accountants, Architects, and Company Secretaries.
  • Partnership Firms and Private Limited Companies in the Business of Manufacturing, Trading or Services

You can use the EIPK Financial Private Limited Business Loans to:

  • Increase or maintain a healthy cash flow
  • Renovate or lease a bigger office space
  • Replace or upgrade latest machinery or equipment
  • Stock up on inventory
  • Meet the needs of business through the SME Business Loan or MSME Business Loan

Abiding by the motto of #ReimaginingOpportunities, we value the financial needs of your business and stand by you to fulfil your financial requirements with the below advantages –

  • Instant Business Loan up to Rs. 30 Lakh
  • Flexible tenure ranging from 12 months to 48 months
  • No security or collateral required
  • Get convenience of doorstep service
  • Attractive interest rates
  • Minimum and hassle free documentation process

You can apply for an instant Business Loan up to Rs. 30 Lakh. The final amount will be calculated based on your eligibility and credit history.

When applying for a Business Loan online, you can do it anywhere and anytime without having to travel to any branch. You get the advantage of our doorstep service to meet all your needs. You can instantly get to know the Business Loan amount that can be availed based on your documentation.

You can track the status of your Business Loan application by either of following ways –

  • Click on ‘My Account’ on the website. Enter the DOB or PAN number and verify your mobile number with an OTP
  • Using ‘HDB – On the Go’ android mobile app
  •  Use our chatbot ‘Ask Priya’ on our website
  • Write to us at customer.support@eipk.org.in
  • Visit the nearest EIPK Financial Private Limited branch. You can locate here

Yes, foreclosure and part-prepayment charges are applicable. You can prepay your loan after payment of 06 EMIs. Please visit any of our branches with a Prepayment request form as per format with supporting documents. To read more on the interest rates and charges, click here.

You can pay the Business Loan EMI through ACH (Automated Clearing House). If you wish to avail the ACH facility, please contact your nearest branch or write to us at: customer.support@eipk.org.in or raise a service request from our mobile app “HDB on the GO”.

Yes, you can get an instant Business Loan from your closest EIPK Financial Private Limited branch. Click here to locate your closest branch.

Yes. EIPK Financial Private Limited offers business loans for women entrepreneurs also.