Indiabulls Business Loan

Indiabulls Consumer Finance Limited (IBCFL) offers unsecured business loans by the name of Dhani Biz which can easily be availed online using the available platforms. The Indiabulls Dhani Biz offers credit facilities for purposes like investment in infrastructure, upgradation of plant and machinery, expansion of business operations, increasing the work capital or maintenance of inventory, and all the necessary financial assistance through loans.

Indiabulls Business Loan Interest Rates (Dhani Biz) – 2023

Interest Rate	Depends on the applicant’s profile
Age Criteria	Min. 25 years & Max. 65 years at the time of loan maturity
Loan Amount	Max. up to Rs. 40 lakh
Doorstep Service	Available
Repayment Tenure	12 months – 48 months
Collateral/Security	Not required

Comparison of Business Loan Interest Rates offered by Top Banks/NBFCs – 2023

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%

Eligibility Criteria

There are certain eligibility criteria set by the Indiabulls finance corporation, such as:

• It is mandatory for the applicant to be a self-employed professional
• Necessary to have active GST along with a GST filing for the past 6 months
• The age limit of the applicant must be between 25 years (at the time of loan application submission) and must be below 65 years at the exact time of completion or maturity

Calculate your Monthly EMI on – Business Loan EMI Calculator

Documents Required

The Indiabulls Dhani business loan provides a facility for instant disbursement of the business loans upon fulfilment of the following requirements:

• Applicants need to provide all the KYC, as per the guidelines along with the details of the co-applicant
• Proper credentials of the GST

Authentic bank accounts with original statements in the following 5 banks, including SBI, ICICI Bank, Kotak Mahindra Bank, HDFC Bank and Axis Bank

Features and Benefits

The Dhani Biz system from Indiabulls is a completely online system for application and processing and does not require the intervention of manual kind. Some of the best-defined features are:

• Instant disbursement of the loan amount to the account
• Indiabulls Dhani biz loans are offered up to Rs. 40 lakh
• The tenure of the loan ranges from the time period of 12 months to 48 months
• Quick process and paperless documentation procedure
• Maximum security measures for safeguarding your information
• No prepayment charges for the loans availed for 6 months

Usage of Indiabulls Business Loans

The special feature of the business loan is that there is no burden of providing any collateral or security, being it is an unsecured loan. The business loan provided by Indiabulls cab be used for various below-mentioned purposes:

• Expansion of the business
• Taking up new business projects/proposals
• Upgradation of technology and machinery repair
• Emergency procurement of raw material in bulk order
• Hiring of seasonal employees
• Training new staff
• Improving cash flow
• Lease for larger premises of the office
• Renovation of the workplaces
• Stocking up of the inventory, if required

FAQs

Ques. Who can avail Indiabulls Business Loans?

Ans. Self-employed people, SMEs, MSMEs, and large enterprises can avail business loans.

Ques. What is the business loan interest rate offered by Indiabulls?

Ans. The interest rate depends on the applicant’s profile and the loan amount.

Ques.  What are the foreclosure charges of a business loan?

Ans. There are no foreclosure charges levied by Indiabulls on Dhani Biz loans.

Ques. What is the maximum age criterion for taking a business loan?

Ans. The maximum age should not exceed 65 years at the time of loan completion.

Ques. Do I need to provide collateral or security to avail a business loan?

Ans. No, being an unsecured loan, no collateral or security is required by Indiabulls Dhani.