Money Bells offers a range of home loans in India to help individuals purchase their dream homes. As a significant investment, we understand the importance of making the right decision, which is why we provide comprehensive information on home finance, including interest rates, eligibility criteria, and customisable loan offerings. Whether you are a first-time homebuyer, upgrading to your dream home or planning to reduce your Housing Loan EMI by shifting, we have the perfect solution to suit your needs. Our website offers helpful resources such as home loan calculators and FAQs to guide you towards making an informed decision. Take the first step towards owning your dream home in India today by applying for housing finance with Money Bells.
Business Loan Eligibility
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:
- The applicant has to be in business for last 3 years with a minimum turnover of Rs.40 Lakhs
- The business must have generated profit for a minimum of 1 year
- The applicant should be a Sole Proprietor / Partnership firm / Private Ltd Co. / Trust / LLP involved in the business of Manufacturing, Trading or Services
- The main applicant should be minimum of 25 years of age & should be no older than 65 years at the time of loan maturity.
Check out the criteria for business loans eligibility to know more.
Business Loan Fees & Charges
- Processing fees: Maximum 2% of the loan / facility amount (Plus GST)
- Documentation Charges:
- Loan amount less than 10 Lakhs – Rs.3500/- (Plus GST)
- Loan amount greater than 10 Lakhs – Rs.6000/- (Plus GST)
Check out the business loan rates for availing the business loan.
Business Loan EMI Calculator
- To know how much EMI you would have to pay every month, try our easy-to-use business loan emi calculator. Simply enter the following details & Know your EMI:
- Loan Amount
- Desired Interest Rates (%)
- Tenure in Years/Months
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:
- The applicant has to be in business for last 3 years with a minimum turnover of Rs.40 Lakhs
- The business must have generated profit for a minimum of 1 year
- The applicant should be a Sole Proprietor / Partnership firm / Private Ltd Co. / Trust / LLP involved in the business of Manufacturing, Trading or Services
- The main applicant should be minimum of 25 years of age & should be no older than 65 years at the time of loan maturity
What are the fees and charges associated with Bank Loans?
- Processing fees: Maximum 2% of the loan / facility amount (Plus GST)
- Documentation Charges:
- Loan amount less than 10 Lakhs – Rs.3500/- (Plus GST)
- Loan amount greater than 10 Lakhs – Rs.6000/- (Plus GST)
What are the documents that I need for getting a Business Loan?
We believe in fast loan disbursals with mininum troubles of lengthy paperwork. Check out the documents required for business loan to know more.
Why should you apply for Business Loans?
- Business Loans are available from Rs. 3 lakhs to Rs. 1 Crore
- Minimal paperwork and speedy approvals
- Easy repayment options
- Services are made available at your doorstep
To find out what more is in store for you, take a look at our business loan features for more details.
Be ready with following documents while applying for this loan
(Original for verification and self-attested copies for submission)
| Mandatory Documents | |
|---|---|
| Identity proof | PAN Card/Driving License/ Passport/ Voter’s ID/ Aadhaar Card |
| 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) |
| Ownership proof | Agreement Copy / Electricity Bill / Maintenance Bill with share certificate / Municipal tax bill/Share certificate |
| Business continuity proof | Shop and Establishment certificate/Tax registrations-VAT/Service tax/GST registrations |
| Firm Constitution | MOA/Partner Ship Deed/GST Registration Certificate |
Ready to take the next step?
Arvind Patel
I had been looking for a hassle-free loan option for my business expansion, and I found Money Bell to be the perfect solution. Their application process was incredibly simple and quick. The entire process was online, and I received approval in no time. I highly recommend Money Bell to any small business owner!
Priya Sharma
Money Bell made it so easy for me to get a loan for my boutique's renovation. The documentation was minimal, and their team was very supportive throughout the process. Within a few days, the funds were in my account. This is a game-changer for small businesses like mine!
Rohit Kumar
I was initially worried about the complexities of getting a business loan, but Money Bell's process turned out to be extremely straightforward. I filled out a simple form, and their team guided me every step of the way. The approval was fast, and the loan was disbursed in no time. Thanks to Money Bell, we can now expand our operations.
Neha Gupta
I was amazed at how easy it was to get a loan from Money Bell. They truly understand the needs of small businesses. The application was easy to fill out, and their team was always available to answer my questions. I got the loan quickly, and it helped me expand my sweet shop. Highly recommended!
Anjali Joshi
Money Bell's loan process is by far the easiest I’ve ever experienced. With minimal paperwork and fast approval, they made the entire process so convenient. The funds were transferred quickly, and I was able to upgrade my fitness studio. I recommend Money Bell to anyone looking for quick, easy, and reliable business loans.
Money Bells offers a wide range of business loans to self-employed professionals and non-professionals, including-
- Self-employed individuals
- Proprietorship firms
- Private limited companies
- Partnership firms
- Limited liability partnership firms
- Trusts and Societies
- Hindu undivided families (HUFs)
- Closely held public limited companies
To qualify for a business loan, you must have a minimum CIBIL score of 675. A higher score can improve your chances of approval and help you secure better terms and interest rates.
Follow the steps below to apply for a business loan:
- Fill out the online application form.
- Upload the required documents.
- Wait for verification of your application and documents.
- Upon successful verification, your loan will be approved.
- Receive the loan amount in your bank account.
We strive to make the loan repayment process super convenient for you with flexible payments. You can pay your EMIs via various payment instruments. We also allow EMI payment through a direct debit facility, electronic clearance service, or post-dated cheques.
Yes. If you have applied for a business loan for your proprietorship or partnership business, the loan will get reflected in your credit report. As a result, any late payments or EMI defaults will also negatively impact this credit score. However, if your business is an LLC, the business loan will only affect your business credit score and not your personal credit score.
The interest levied on your business loan is eligible for tax deductions because the interest payment on a business loan is a business expense and not revenue. This means you can reduce your taxable income when you apply for a business loan in India. However, note that the principal component of the loan is not tax-deductible.
Most of the banks provides business loans of up to Rs. 90 lakhs. However, the maximum loan amount you can secure depends on your loan eligibility and credit score.