Business Loan in Noida

Noida has emerged as a fast-growing hub for the media houses and entertainment sector with the presence of prominent news channels and films/serials production companies. If applicants want to open a new business or expand an existing business in Noida can avail Business loans, MSME loans or Working Capital Loans.

Compare Business Loan Interest Rates from Top Banks/NBFCs

Bank/NBFCs	Interest Rate
Axis Bank	10.75% p.a. onwards
Flexiloans	1% per month onwards
HDB Financial Services Ltd.	8% - 26% p.a.
HDFC Bank	10.75% - 25% p.a.
IDFC First Bank	10.50% p.a. onwards
Indifi	1.50% per month onwards
Kotak Mahindra Bank	16% - 26% p.a.
Lendingkart	12% - 27% p.a.
Mcapital	2% per month onwards
NeoGrowth Finance	15% - 40% p.a.
Tata Capital	12% p.a. onwards
UGRO Capital	9% - 36% p.a.
Bajaj Finserv	10% to 26%

Business loans including short- or long-term loans offered to interested residents of Noida can be used for various purposes like investing in infrastructure, paying-off rent or salaries, purchase of equipment, buying raw materials, purchase of inventory and stock, etc.

Eligibility for availing Business Loans in Noida

• Business loans can be availed by self-employed, individuals, sole proprietorships, partnership firms, limited liability partnerships, private limited and public limited companies, MSMEs, NGOs, co-operative societies, etc.
• Minimum age of the applicant: 18 years and maximum 65 years
• Applicant with good credit score and repayment capacity
• Must not be in debt and existing company should be in profits
• Annual turnover to be decided by the lender
• Minimum business existence of at least 2 years with one year of business experience

Business Loan – Features & Interest Rate

Interest Rate	16% p.a. onwards
Loan Amount (Collateral-free)	Max. up to Rs. 2 crore, can exceed depending upon business requirements
Repayment Tenure	Up to 5 years
Collateral	Not required (Besides equipment finance, machinery loan and invoice discounting)
Age Criteria	Min. 18 years and Max. 65 years

Documents Required for Loan Application

• KYC documents of owners, partner, promoter (if applicable)
• Identity Proof: Passport, PAN card, Voter’s ID card, Driving License
• Age Proof: Passport, Voter’s ID card, Voter’s ID card
• Residential Proof: Property papers, ration card, Aadhar Card, Utility bills (Water & Electricity)
• Business Address Proof: Rent agreement, Lease documents, Sale Deed
• Last 12 months’ bank statement
• Proof of ownership of the possessions used for business activities
• Last 1 years’ ITR, GST and Sales Tax certificates
• Any other document required by the lender

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