Business Loan Online

Funds are necessary to run a business. LoanTap provides business loans to fulfil your entrepreneurial dreams.  A business loan is a financial instrument that can be used to cover both expected and unexpected expenses.
If you want to expand your business or are looking for capital for day-to-day operations, a business loan is the perfect solution for you. With LoanTap’s Business Loan, turn your ideas into reality. A business loan provides a reliable way to support your business’ expansion.
At LoanTap, we understand that every business is unique. LoanTap business loan is the perfect package that can fit your specific requirements. Get a business loan at an affordable interest rate with minimal documentation.

Key Features of Business Loans

Flexible Business Loan

LoanTap offers MSME Term Loan, Working Capital Loan, and AfterPay Merchant. Each loan product is designed to meet different needs of businesses. You can choose the loan that suits your requirements.

Online Application Process

We understand that in today’s busy world, everyone looks for convenience. With LoanTap, you can apply online for a business loan via our official website or app without visiting a branch.

Collateral Free

LoanTap provides collateral-free business loans, which means you don’t have to provide any asset as collateral. Collateral-free loans make it easy for business owners to get funds and use them for their growth.

Competitive Interest Rates

LoanTap offers business loans at affordable interest rates, making them a convenient choice for businesses.

Steps to Apply for LoanTap Business Loan

LoanTap provides hassle-free business loans with minimal documentation. Here is the process to apply for Business Loan.

1

Online Application

Visit our official website or app and fill in the application form. Submit all the required information such as personal details, income, business details, and contact details.

2

e-KYC and Verification

Enter the PAN card number and date of birth, and upload all the required documents. Make sure to check the complete terms and conditions before submitting the application. After the application is submitted, we will verify the information.

3

Fund Transfer

After verification, you will have to complete the NACH process and sign the agreement. Once done, the loan amount will be disbursed to your bank account within 24 hours.

Reasons to Choose Business Loan from LoanTap

To guarantee smooth operations, growing businesses need financial support. The purpose of LoanTap’s Business loan is to help businesses cover the financial scarcity. Find out why LoanTap stands out as the perfect solution.

Instant Approval And Disbursal

Instant Approval And Disbursal

Easy online process for loan sanction and fast disbursal within 24-36 hours
Flexible Repayment Option

Flexible Repayment Option

Flexibility to choose accelerated repayment option or foreclosure after 6 months of disbursal
Higher Loan Amount

Higher Loan Amount

Choose from amounts between INR 50,000 and INR 10,00,000 based on your requirement
Longer Loan Tenure

Longer Loan Tenure

Flexibility to choose loan tenure from 6 months to 36 months, making EMIs more affordable
Minimum documents

Minimum documents

We require minimal documentation for all our custom business loan products
Transparent Process

Transparent Process

No hidden charges, no prepayment charges* and secured processes

Basic Eligibility Criteria for Business Loan

  • Individuals with a minimum income of ₹30,000
  • Indian Citizens/Residents who are 23 years and above
  • Individuals must have filed the latest ITR

Basic Documents required for Business Loan

  • PAN Card
  • Aadhaar Card/Driving License/Passport
  • Utility Bills/Registered Rent Agreements
  • GST Registration/Shop Act/ITR Saral Copy/Bank Current Account
  • Udyam Aadhaar 
  • Bank Statement of last 6 months

What Our
Customers Say

We continuously strive to provide a
Seamless experience to our customers…

The service provided by Loan Tap is great, everything is seamless and very convenient. Its one of the very best experiences, I’ve had with any loan provider.

You are doing an awesome work as team. Faster service with immediate response is quite amazing. Will recommend to everyone in need, faster documents processing …….Keep up the good work

This is truly awesome service. Associates are very friendly and providing efficient service on time. After documents pickup, within 24 hours net amount was disbursed and that’s what I call efforts reducing service. Thank you LoanTap Team.

Awesome and superfast Service.I have never come across so polite, professional and fast service providers for Loan. I have taken a personal loan and was disbursed within 3-4 hours in my bank account. This was just a superb feeling. Thank you so much LoanTap for a wonderful experience.

Excellent service from all team members. All are supportive. Its different from others NBFCs. Now and in future, LoanTap is my first choice for financial needs.

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EMI Calculator

You can calculate your monthly loan payment (EMI) in just 3 easy steps! Drag the sliders to adjust your loan amount, interest rate, and loan term. See how these factors impact your EMI and understand your loan affordability clearly.

Calculate your EMI

%
Months

Breakup of Total payment

Business Loan Details

Particulars

Details

Loan Amount
Min – 50,000, Max – 10 lakhs
Tenure
Min – 6 Months, Max – 36 Months
Age
Min-23, Max-58 (Co-applicant required if age >55)
Rate of Interest
up to 26% p.a
Processing Fee
2% to 2.99% + GST
Business Vintage
Min. 2 Years
Bureau Score
>=700, NTC allowed (with Loan amount capping)

Business Loan Product Suite

No matter what your requirement is, use LoanTap’s Business Loan to fulfil all your Business needs.

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MSME Term Loan

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Working Capital Loan

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AfterPay – Merchant

Flexible Repayment options

Final installment options for a loan will be decided based on your profile and inputs.

Term Loan

Term Loan

Repayment done via Fixed Equated Monthly Installments, where EMI=Principal + Interest.  Each Installment reduces both interest and Principal amount.  Ideal when: You know the precise Loan Amount needed and your income is consistent.
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Your Personal Loan, Your Way!

Avail our personal loans through your preferred platform and enjoy unmatched convenience at your fingertips…

Apply Using
Website
Apply Using
Our App
iOS
Apply Using
WhatsApp

Frequently Asked Questions

Ans. A business loan online is a type of financial instrument that helps with the expansion of the company, the acquisition of equipment, or cash flow management, among other uses. It is paid back with interest over time.

Ans. To apply for a business loan online, visit the official page and fill in the application form. Enter all the required details and upload the required documents. After submission, your application will be reviewed. If approved, the loan amount will be disbursed within 24 hours.

Ans. Business creditworthiness, financial stability, repayment ability, and the purpose of the loan are some of the reasons that lenders consider before approving a business loan.

Ans. With a LoanTap Business loan, borrowers can borrow amounts ranging from 50,000 to 10 Lakhs. Borrowers can choose the loan amount as per their requirements.

Ans. Interest rates are influenced by various factors like credit score, loan term, previous borrowings, etc. LoanTap charges interest rates up to 26% p.a.

Ans. Yes, there are various types, including term loans, lines of credit, and equipment financing. Each serves different business needs, so choose the one that aligns with your requirements.

Ans. Approval times vary but can range from a few days to several weeks. Online applications often have quicker processing times compared to traditional methods.

Ans. While it may be challenging, some lenders offer business loans online for individuals with less-than-perfect credit. Interest rates may be higher, and terms may be less favourable.

Ans. The need for collateral depends on the type of loan. Secured loans require assets as collateral, while unsecured loans may not need specific collateral but could have higher interest rates.

Ans. If you foresee difficulty in repayment, communicate with the lender promptly. They may offer options such as restructuring the loan or adjusting the repayment schedule to help you manage the financial burden.