Overview

A business loan is a financial lifeline for entrepreneurs, offering up to ₹1 Cr with flexible repayment terms of up to 60 months. BigMudra simplifies the process by helping you compare and apply for the best business loan options tailored to your credit profile.

Eligibility

To qualify for a BigMudra business loan, you typically need to meet the following criteria:

1. Age: 21-65 years (at loan maturity)

2. Business Age: Minimum 3 years (may vary by lender)

3. Annual Turnover: ₹90,000 to ₹250+ crore

4. Credit Score: Preferably 750 or above

5. Eligible entities include MSMEs, proprietors, LLPs, private and public limited companies, self-employed individuals, and professionals.

Documents Required

Prepare the following documents for a smooth application process:

1. ID Proof (Voter ID, Driving License, Aadhaar, Passport)

2. PAN Card (individual/company)

3. Address Proof

4. Age Proof

5. Business continuity proof

6. Business registration documents

7. Recent photographs

8. Latest GST returns

9. 6 months' bank statements

10. ITR for the last 2 years (with financial statements)

11. Entity-specific documents (e.g., partnership deed, MOA, AOA)

How to apply

Experience seamless loan processing with BigMudra. Our experts guide you through verification, ensuring instant fund access in your bank account.

1. Click the "Apply" button on this page

2. Create your account with your mobile number and basic details

3. Select loan preferences

4. Enter personal and business information

5. Complete KYC and submit your application

6. Our support team will guide you through the remaining steps

Fees & Charges

FAQs

What is a business loan?

At Big Mudra, we understand that every business is different and has different financial needs. That's why we offer Business Loans that are designed to be flexible and customisable, so you can get the quick funding required to grow your business. Whether you're new to business, experiencing a slowdown, or need funds for any other purpose, our Business Loans can help you get the money when you need it the most.

Can I get a business loan without collateral?

Yes! You can get a Business Loan without any collateral or security.

Am I eligible for a business loan?

You are eligible for a Business Loan if you fall under the category of sole proprietorship. However, the loan approval depends on the proper submission of documents, the basis of your financial history and our internal credit policy.

How long does it take for a business loan to be disbursed?

The business loan is disbursed within 24 hours from the time of loan approval.

How much EMI do I need to pay?

Your EMI depends on the loan amount and the tenure you selected for repayment.

What is the maximum amount I can take through a business loan?

You can currently take a business loan for up to INR 1 Cr.

How long can I take to repay the loan?

You can take up to 60 months to repay your business loan.