Business Loan

Starting at 12%* p.a.

High Loan Amount • Collateral-free Options • Quick Disbursal

Business Loan – Fuel Your Business Growth

At Fastter Finance, we offer comprehensive business loan solutions to help you expand, manage cash flow, purchase equipment, or meet any business requirement. With flexible terms and competitive rates, we support businesses of all sizes.

1

Get High Business Loan Eligibility

Before applying, prepare a business plan, know your credit score, decide the loan amount, research available options, and keep documents ready.

2

Common Documents Required

Proof of address & identity, business proof, income proof, partnership deed, articles of association, memorandum of association, PAN card, etc.

3

Criteria for Approval

Age: 21-65 years, business vintage: 1-2 years minimum, profit-making for at least 1 year, minimum turnover as per ITR requirements.

Term Loans

Long-term financing for business expansion

Working Capital Loans

Manage daily operational expenses

Business Expansion Loans

Funds for opening new branches or locations

Equipment Financing

Purchase machinery & equipment

Invoice Financing

Bill discounting & receivables financing

Machinery Loans

Specialized financing for industrial machinery

Business Loan Eligibility & Documents

Eligibility Criteria
  • Business Type: Sole proprietorships, partnerships, LLCs, corporations
  • Credit Score: Good credit score required (700+ preferred)
  • Business Age: Minimum 1-2 years operational history
  • Annual Revenue: Minimum annual revenue requirements apply
  • Collateral: Required for secured loans (real estate, equipment)
  • Cash Flow: Positive cash flow for repayment ability
  • Age: 21-65 years
  • Business Vintage: Minimum 1 year
Eligible Entities

Individuals, MSMEs, Sole Proprietorships, Partnership Firms, Public and Private Limited Companies, Limited Liability Partnerships, retailers, traders, manufacturers, and other non-farm income-generating business entities engaged only in the services, trading, and manufacturing sectors.

Additional Criteria
  • Business experience: Minimum 1 year, business location to remain same
  • Annual Turnover: As defined by Bank/NBFC
  • Credit Score: 700 or above (Preferred by most banks)
  • Nationality: Indian citizens
  • Property: Must own residence, office, shop, or godown
Documentation for Business Loans
Basic Documents:
  • ITR for past 2-3 years
  • Current Bank Account Statement (last 12 months)
  • PAN Card photocopy
  • Address Proof (Voter Card, Passport, Aadhaar)
  • Business Address Proof (Electricity/Telephone Bill)
Business Documents:
  • Last Financial Year's provisional Financials
  • Company's business profile on letterhead
  • 2 photographs of promoters
  • GST registration certificate & returns (2 years)
  • Udhayam Aadhaar registration certificate
For Companies:
  • Company PAN Card
  • Certificate of Incorporation
  • MOA, AOA
  • List of Directors
  • Shareholding pattern
Additional Documents:
  • Partnership Deed (for partnerships)
  • Rent agreement (if property rented)
  • Business Continuity proof (3 years old ITR)
  • Sanction letter of existing loans
  • D-Vat/Sale tax registration copy

How to Use Business Loan EMI Calculator

Using a business loan EMI (Equated Monthly Installment) calculator can help you estimate your monthly loan repayment amount.

Steps to Use EMI Calculator:
  1. Enter loan amount, interest rate, and tenure
  2. Click Calculate button
  3. View EMI amount, total interest, and repayment schedule
  4. Adjust tenure if needed to find comfortable EMI
  5. Consider extra costs and charges
  6. Check budget compatibility
  7. Confirm final details with lender before finalizing
Calculate Your Business Loan EMI

Fees and Charges for Business Loan

Particulars Charges
Loan Processing Fees1.5% to 5% of Loan Amount
Loan Cancellation0 to 5% of Loan Amount
Stamp Duty Charges₹60 to ₹600
Legal FeesNil
Penal ChargesNil
EMI/Cheque Bounce Charges₹499 to ₹599

Note: Other fees and charges that lenders may levy on your business loan include documentation charges, verification charges, duplicate statement charges, NOC certificate charges and swap charges.

Customer Reviews

★★★★☆

"All employees and staff at Fastter Finance are helpful. They are very cooperative and try to clearly understand customer's needs. I felt very comfortable dealing with them for my business loan from ICICI bank."

— Pranali Fatak
★★★★☆

"I was a housewife and wanted to start my own kitchen for food delivery. Fastter Finance helped me to get a business loan from my preferred bank. The rate of interest is very affordable and now I have started my kitchen, which is running very smoothly and is profitable."

— Dhara Gori
★★★★☆

"I never thought getting a business loan will be this easy. Great thanks to Fastter Finance for offering such a good platform for all loan requirements. I got business loans at 16% ROI and money was disbursed within 8 days of applying for loan."

— Satish Upare
★★★★☆

"I have figured applying for business startup loans through Fastter Finance is one of the smartest ways. If you want to save time, efforts and money then you must try taking loan through Fastter Finance. Once you experience how good this platform works, you will never think of alternatives. All my loan related queries are now addressed by Fastter Finance - this is a one-stop solution."

— Sanjay Gandhi

Frequently Asked Questions

  • A business loan is financing provided to businesses for various purposes like expansion, working capital, equipment purchase. Loan amounts vary from ₹1 Lakh to ₹5 Crore+ depending on business size and requirements.

  • Business owners, entrepreneurs, sole proprietors, partnership firms, private limited companies, MSMEs, and other business entities with minimum 1 year of operations.

  • Minimum business vintage of 1-2 years, good credit score (700+), profit-making business, proper documentation, and adequate cash flow for repayment.

  • Udyam Registration is the new government registration for MSMEs (Micro, Small & Medium Enterprises) that replaced the earlier Udyog Aadhaar registration.

  • Minimum 650 CIBIL score is required, but 700+ is preferred by most banks for better interest rates and higher loan amounts.

  • Have good credit score, proper business documentation, positive cash flow, and apply through digital platforms for faster processing.

  • Unsecured loans require no collateral. Secured loans may require property, equipment, inventory, or other business assets as collateral.

  • Pradhan Mantri MUDRA Yojana, Stand-Up India, Credit Guarantee Fund Scheme for MSMEs, and various state-level business loan schemes.

  • Possible but difficult. Options include secured loans, loans with higher interest rates, or loans with co-applicant having good credit.

  • Working capital, equipment purchase, business expansion, inventory purchase, marketing, hiring staff, debt consolidation, etc.

  • Yes, but check prepayment charges with your lender. Some banks allow free prepayment after certain period, while others may charge 2-5%.