Rs. 75,000 Business Loan

• Loan Tenure: Up to 7 years
• Loan Interest Rate: Starting from 13% p.a.
• Collateral: Not required for unsecured business loans
• Foreclosure Charges: Up to 5% of the outstanding loan amount
• Application Process: Both online and offline
• Processing Time: May vary across lenders.

Business Loan Lenders for Rs. 75,000

Multiple lenders in India offer Rs. 75,000 business loans to borrowers. The table below provides a list of top lenders offering business loans in India:

Eligibility for Business Loan of Rs. 75 Thousand

To be eligible for a Rs. 75,000 business loan, you must fulfil the following criteria:

• Age: The applicant must be at least 21 years old at the time of loan application and 65 years old at the time of loan maturity.
• Business vintage: The business must have been in operation for at least 2-3 years.
• Business turnover: Rs. 50 lakh
• Credit score: 700+
• Income: A minimum income of Rs. 1 lakh p.a.

Who Can Apply for a Business Loan?

Eligible Entities:

• Sole Proprietorship
• Partnerships
• Limited Liability Partnerships
• Private Limited Companies
• Public Limited Companies, etc.

Documents Required for Rs. 75,000 Business Loan

The documents required for a Rs. 75,000 business loan may vary across lenders. However, the commonly requested documents by lenders for business loans are listed below:

• Passport, Voter ID, Aadhaar Card, etc., as identity proof
• Driving licence, utility bills, Aadhaar Card, etc., as address proof
• Aadhaar Card, PAN Card, birth certificate, etc., as age proof
• P&L statement, latest GST returns as income proof
• Other documents: Company PAN, company registration certificate, business continuity proof, etc.

Interest Rate for Rs. 75,000 Business Loan

The interest rate for a Rs. 75,000 business loan starts from 13% p.a. at Paisabazaar. However, the final interest rate on your business loan will be decided by lenders after analysing multiple factors, such as:

• Your credit score & profile
• Repayment behaviour
• Current obligations
• Existing debt-to-income ratio
• Income
• Business vintage
• Industry of the business

Each factor plays an important role in determining the interest rate on business loan.

Uses of a Rs. 75,000 Business Loan

A Rs. 75,000 business loan can be used for multiple business purposes, including:

• Buying inventory or raw materials
• Managing working capital
• Paying utility bills like the electricity bill, a small shop rent, etc.
• Marketing of products and services
• Repair and maintenance
• Upgrading or buying equipment or tools

How to Apply for a Rs. 75,000 Business Loan

To apply for a Rs. 75,000 business loan, you can follow the steps mentioned below:

• Open the Paisabazaar app
• Select the business loan icon
• Enter the required details
• Scroll through the loan offers
• Compare and apply for the most suitable business loan

EMI for Rs. 75,000 Business Loan

The table below shows the estimated EMI for a Rs. 75,000 business loan across different interest rates and tenures:

You can use Paisabazaar’s Business Loan EMI Calculator to calculate the EMI of your business loan.