IndiaLends Business Loan


IndiaLends is a dynamic lending platform that offers business loans for organisations especially small and medium sized businesses. With an IndiaLends business loan, you can fund any business requirement, investment or new projects.

IndiaLends loan offers a customisable amount at flexible repayment tenures helping you achieve your business goals. Getting funds for your business venture is now convenient with an IndiaLends business loan through Buddy Loans loan service provider.

IndiaLends Business Loan Details

IndiaLends offers business loans with the best loan terms for entrepreneurs. Now with flexible loan amounts and attractive interest rates, you can address any immediate financial needs.

Below is a general overview of what IndiaLends business loan has to offer:

Loan Amount Up to ₹1 Crore
Loan Tenure 12 months to 60 months
Interest Rates 10.25% to 29.99% per annum
Processing Fee 1% - 2%
*Note: The interest rates are dynamic and subject to change based on your credit history and credit worthiness.

IndiaLends Business Loan Interest Rates

The interest rate you can get for an Indialends business loan is determined by various factors such as your credit history, repayment capacity and credit score. The IndiaLends interest rate is as follows:

Interest Rate 10.25% to 29.99% p.a.
*Note: The interest rates are dynamic and subject to change based on your credit history and credit worthiness.

IndiaLends Business Loan Fees & Charges

Certain fees and charges accompany business loans, these fees will differ from one lender to the other. The following are the fees and charges for business loans set by IndiaLends:

Processing Fee 1% - 2%
Prepayment Charges 2% - 3%
Late Payment Fee 2%
Documentation Fee ₹500
Note: The figures mentioned above are approximate and subject to change based on the lende

IndiaLends Business Loan Eligibility Criteria

The factors that determine your eligibility for a business loan are set by lenders. These factors can differ from one lender to another.

Here are the eligibility criteria set by IndiaLends for a business loan:

Eligible Businesses Self Proprietorship, partnership firms, public or private limited companies and businesses providing service and trade.
Age of Business 6 months to 3 years
Minimum Turnover Annual or monthly turnover must meet the required limit.
Profitability The business must get profit above the minimum requirement
Age of applicant 21 years above
Credit score 650 above

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Documents Required for IndiaLends Business Loan

IndiaLends requires a set of documents to verify your eligibility for the loan and to ensure the authenticity of the business. Some of the important documents required are:

Address Proof:

Financial Documents:

Proof of Business Continuation:
trade Licence, GST Registration Certificate, Income Tax Returns, and Establishment Certificate.

Other Business Documents:
declaration of sole proprietorship and Certified True Copy of the Partnership Deed.

Calculate EMI For IndiaLends Business Loan

Calculating the EMI for your business loan will help you understand which loan terms are feasible and convenient for repayment. The repayment for the IndiaLends loan will be divided into equal monthly instalments over a period. You can find out the EMI amount for your loan by using the online business loan EMI calculator, which is a user-friendly tool. Simply input the correct information such as the loan amount, interest rate and tenure.

%
Monthly EMI 86
Principal Amount 1,000
Total Interest 32
Total Amount 1,032.00

Year Month Principal (A) Interest (B) EMI (A+B) Balance Loan Paid to Date (%)

Another method to know your EMI is by manually calculating with the formula

EMI=P * r * (1 + r)n(1 + r)n-1

Here,

  • ‘P’ is the principal amount,
  • ‘r’ is the interest rate and
  • ‘n’ is the tenure.

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Compare IndiaLends Business Loans Over Other NBFCs

Before choosing to take a business loan from any lender, it is important to compare and consider other lenders' interest rates and loan terms. This will help you ensure that you get the best terms that suit your requirements.

Here is a list of other NBFCs that are offering business loans along with their interest rates:

Top Business Loan NBFCs Interest Rate (p.a.)
IndiaLends 10.25% p.a. onwards
FlexiLoans 12.00% p.a. onwards
Bajaj Finserv 9.75% p.a. onwards
Lendingkart 12.00% p.a. onwards
Tata Capital 12.00% p.a. onwards

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*Note: The interest rates are dynamic and subject to change based on your credit history and credit worthiness.

Features & Benefits of IndiaLends Business Loan

IndiaLends business loans offer various features and benefits that make it an excellent choice for your financial support. Let’s take a look at some of the best ones:

Flexible Loan Funding

India Lends offers a versatile loan amount of up to 1 crore

Quick Loan Processing

It has a fast loan processing time of only a few hours.

Clear loan terms

Clear and concise loan terms without any hidden clauses

Competitive interest rate

Interest rates starting from 10.25% p.a.

Flexible Loan Tenure

Enjoy a loan tenure of 12 to 60 months

Paperless Process

A hassle-free and online process

Steps to Apply for Business Loans

Applying for IndiaLends business loans has become very easy and convenient with the help of Buddy Loan. All you need to do is follow these simple steps and get the financial support that your business needs:

Step 1 - Visit buddyloan.com or Download & install Buddy Loan app.

Step 2 - Fill out the application form, including the loan amount, the tenure in months, and contact details.

Step 3 - Fill out the following personal details as required:

Step 4 - Submit the details & wait for the loan confirmation.

Why wait any further?

Frequently Asked Questions

IndiaLends business loan provides funding for businesses that require financial aid. To get the necessary funds, you will have to visit their website and apply for a business loan. Once you get approved you can then repay the loan as per the terms and conditions.

There are several criteria that are required to qualify for a business loan through IndiaLends. Your business must fall under the eligible business category, the business must have been running for 6 months or more, meeting the required turnover and profitability limit with a credit score of 650 or more.

You can get up to 1 Crore with an IndiaLends business loan.

The interest rate for an IndiaLends loan ranges from 10.25% to 29.99% p.a.

Your business loan can get approved within a few hours or days.

The repayment tenure for IndiaLends business loans is 6 months to 60 months.

No, IndiaLends does not ask for collateral for business loans.

Yes, self-employed individuals can apply for a business loan in IndiaLends. Businesses with low credit scores can also apply, however, it can be challenging to get approval or they might get a high-interest rate.

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