Fuel Your Startup Dreams with Grahaan Capital Business Loans Tailored for Your Success!
India is restructuring the business environment using innovative startup businesses, leading to the economic boom of the country. India is the third most startup-centric nation with over 1 Lakh registered startups. On the other hand, these enterprises need constant funding to keep their operations going.
Just like other businesses, startups need a sufficient amount of capital to invest in various areas such as working capital, marketing, advertising, production, acquisition, and expansion. Therefore, entrepreneurs always try to find the best startup business loans corresponding to their financial requirements. Startup business loans are a way for business owners to get funds to cover their startup costs very fast.
At Grahaan Capital you can avail up to Rs. 1 Core of business loans for your startup at competitive rates in the market with a hassle-free process.
The applicant, before approaching a banker or investor for funding, has to make a detailed proposal that covers all the aspects of the business. This proposal should include information on the business model, the background of the promoters, the revenue model, the expected sales, the projected growth rate, the projected profits, and other relevant information.
In addition, the persons who are looking for startup loans have to make sure that they keep a good credit score and do not have a bad credit history, this will allow them to get loans at lower interest rates.
Apart from that, the candidates must also be aware of the various criteria that banks or NBFCs use to evaluate, rate, and process loan applications, and be able to provide accurate and precise information.
Get immediate approval for a business loan up to Rs. 1 Core. You can apply for our business loan online, as long as you meet some basic criteria mentioned below. Meet the simple requirements for business loan eligibility and complete the necessary documentation to receive the funds you require in as little as 24 hours* after approval.
* Charitable organizations, NGOs, and trusts are not eligible for a business loan.
Note: The above-mentioned eligibility criteria are for indicative purposes only. Actual eligibility criteria defined by Banks/NBFCs shall vary as per their sole discretion and shall be defined at the time of loan application submission.
Documents required for business loans to establish your business identity, income, loan repayment capacity, and place of business. Here are the few common set of documents that you will need to submit when applying for a business loan:
Although business loan rates and charges might differ significantly based on the credit history of the loan applicant and the business itself, the following table will provide you with a general indication of what to expect:
| Particulars | Charges |
| Business Loan Interest Rates | 9.75% p.a onwards |
| Loan Amount | ₹1 Lakh to ₹1 Core |
| Loan Processing Fees | Minimum 2% plus applicable taxes |
| Lowest EMI per month | Starting from ₹2,112* per Lakh for 60 months |
| Loan Tenure | 12 - 60 months |
| Prepayment/Foreclosure Charges | 0%* If paid from own sources & 4% If paid from other sources |
| Default Interest | Minimum 3% per month |
| Repayment Instrument Dishonor Charges | Upto Rs. 2500/ + GST (if applicable) per bounce |
| Stamp Duty | At actuals (as per state) |
| * No Other Hidden Charges | |
Most of the lenders will ask the founders for a business plan if they want to get a business loan for their startup. Thus, the lender can scrutinize the company's vision and its potential to become a profitable entity within a certain period.
On the other hand, the business plan from the borrower’s point of view should be thorough, saying specifically the objectives and the targets and the way to reach them. The plan should also point out the timeline of events and the way the business loan money is going to be spent.
