Business Loan at Lowest Interest Rate

Business loan provider, whether you’re embarking on a new business venture, revitalizing an established enterprise, or seeking avenues for further expansion and development, a business loan emerges as the optimal solution for business owners. This versatile financial tool can address various needs, from fulfilling working capital requirements to acquiring vital equipment or machinery and bolstering business cash flow, among other applications.

In this context, Mintra Financial Services leads by providing business loans tailored to small and medium-sized enterprises (SMEs) across India.

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Best Business Loan Interest Rates Available from India's Top Banks

Business Loan Banks

Interest Rate

Processing Fee

Loan Amount/Tenure

10.25% - 22%

Up to 2%

₹50K - ₹50L

Tenure(1 - 4 Years)

11% - 25%

 2%

₹50K - ₹50L

Tenure(0 - 3 Years)

17% - 28%

Up to 2%

₹3L - ₹75L

Tenure(1 - 5 Years)

18% - 22.5%

Up to 2%

₹50K - ₹50L

Tenure(1 - 4 Years)

16%

2% - 2.5%

Up to ₹50L

Tenure(1 - 5 Years)

12%

Up to 1%

Up to ₹7Cr

18% - 21%

2%

₹10L - ₹35L

Tenure ( 36 Months )

18% - 28%

2%

Up to ₹25L

12.75% - 44%

2% - 6%

₹1L - ₹50L

Tenure(1 to 4 Years)

18%

Up to 2%

₹3.5L - ₹25Cr

Tenure(2 - 4 Years)

Up to 26%

Up to 2%

₹5L - ₹25L

Tenure(Up to 3 Years)

15%

Up to 2%

₹1L- ₹1Cr

Tenure(1 - 5 Years)

Offered by Mintra

Some of the business loan products offered by Mintra include:

Working Capital Loans

These loans are designed to help businesses meet their short-term cash flow needs, such as inventory purchases, payment of salaries, and other operating expenses.

Term Loans

We provides term loans to businesses for long-term investments, such as expansion, acquisition of fixed assets, and other capital expenditures.

Supply Chain Financing

We offers supply chain financing solutions to help businesses optimize their working capital management by providing credit to suppliers and buyers in the supply chain.

Invoice Discounting

This financing option allows businesses to receive early payment for their outstanding invoices, which can help improve cash flow and working capital management

With option of 25+banks we use data analytics to assess the creditworthiness of businesses and provide customized financing solutions to meet their specific needs. The loan amount, repayment tenure, and interest rates may vary based on the credit score, financial history, and other factors of the business.

Frequently Ask Questions

If you have a question that deals with clients, customers or the public in general, there is bound to be a need for the FAQ page.

To apply for a business loan with Mintra Finserv, you can follow these general steps:

  • Compare the best options: Understand the different types of business loans offered by Mintra’s banking partner, including their features, eligibility criteria, and interest rates. Determine the loan amount you require and assess your repayment capacity.
  • Prepare your documents: Banks typically requires certain documents for business loan applications. These may include KYC documents (such as PAN card, Aadhaar card, and address proof), business proof (such as registration documents, licenses, and permits), financial statements (profit and loss statements, balance sheets, and bank statements), income tax returns, and any other specific documents requested by the bank.
  • Contact Mintra Finserv: Reach out to financial consultant at mintra through our customer service channels or Apply here to initiate the loan application process.
  • Complete the application form: Fill out the business loan application form on Apply Now page. Provide accurate and complete information about yourself, your business, and the loan amount you are seeking.
  • Submit the required documents: Attach all the necessary documents as per Bank’s requirements. Ensure that you provide the correct and up-to-date documents to support your loan application.
  • Application processing and evaluation: Our partner Bank will process your application and evaluate your eligibility based on their internal criteria. They may also conduct a thorough credit check and assess your business’s financial stability and repayment capacity.

Loan approval and disbursement: If your application is approved, Our partner Bank will communicate the terms and conditions of the loan, including the interest rate, repayment tenure, and any other relevant details. Once you agree to the terms, the loan amount will be disbursed to your business account.

Following documents are require to process business loan:

DOCUMENT CHECK LIST

PROPRIETOR

  • PANCARD & AADHAR CARD / VOTER ID CO — APPLICANT’S KYC WITH RELATISHIP PROFILE
  • OWN HOUSE PROFILE
  • GST REGISTRATION COPY
  •  12 MONTHS BANK STATEMENT
  • LATEST 2 YEARS ITR
  • 15 MONTHS GST RETURNS
  • PHOTOS

PVT LTD & LTD

  • COMPANY PAN CARD
  • COMPANY ADDRESS PROFILE
  • ALL DIRECTOR’S KYC (PANCARD&AADHAR) OWN HOUSE PROFILE
  • GST REGISTRATION COPY
  • SHARE HOLDING PARTNER (CA ATTESTED ON COMPANY LETTER HEAD)
  • LATEST 2 YEARS ITRS
  • ALL EXISTING LOAN SCHEDULE COPY’S
  • GST RETURNS 3-B 15 MONTHS
  • 12 MONTHS BANK STATEMENT
  • MOA & AOA
  • PHOTOS

PARTNERSHIP

  • COMPANY PANCARD
  • COMPANY ADDRESS PROFILE
  • ALL PARTNERS KYC ( PANCARD & ADHAR) ANY ONE PARTNER OHP
  • GST REGISTRATION & FIRM REGISTRATION CERTIFICATE
  • PARTNERSHIP DEED ( OLD & NEW)
  • GST RETURNS 3-B 15 MONTHS
  • LATEST 2 YEARS ITR
  • ALL EXISTING LOAN SCHEDULE COPY’S

Starting from 1.2% flat (14% reducing interest method) and goes upto 2% flat p.m.

Mintra provide an opportunity to get loan up to Rs. 5 Crore without any collateral. The maximum tenure would be 36 month with an option to take upto Rs. 25 lakh in form of overdraft facility.

Yes, you can definitely get Business loan without any security. However, we will require own house proof in order to approve your loan. In certain cases, you may get loan without any own house proof as well.

36 month maximum. In some cases, you may get loan tenure of 48 month subject to fulfilment of bank policy

At Mintra, your loan approval get processed within 48 horse of application submission. Kindly upload all your document without any pending for faster disbursement

Term loan, unsecured business loan, overdraft facility, loan against property, flexi business loan, and line of credit

If your business turnover is more than Rs. 1 crore as per GST sales and your CIBIL score is more than 700 and a proof of own house there is a strong chance of getting business loan approved. Additional factor which may affect business loan approval includes business existence (vintage) of minimum 3 years, and existing EMI should be less than 30k p.m.

Having partnered with more than 38+ banks for Business loan, you can still get business loan if you are falling short in one or more of above requirement. Please call our financial expert and get proper advice on getting the loan approved in matter of days.

Get a Quote

Now apply for a Business Loan online, All you need to do is provide your details below application form.

Apply for a Business Loan Online!










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