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Business loans

Business loans to grow what you’ve built.

Share your business details once. Our team will connect you with RBI-regulated banks and NBFCs that lend to businesses like yours, and explain every cost before you decide.

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At a glance

Loan details.

The amount, rate and tenure you get depend on the lender, your business and your credit history.

Loan amount
₹5,000 – ₹5 lakh, depending on the lender
Tenure
12 – 60 months; longer for secured loans
Interest (APR)
Set by each lender, shown in its Key Fact Statement
Collateral
Not always needed. Depends on the loan and lender

Common uses

Funding for what your business needs next.

Types of business loans

Pick the loan that fits the need.

Not sure which one you need? Tell us what the money is for and our team will help.

  1. Term loan

    A lump sum you repay in fixed monthly EMIs over an agreed period.

  2. Working capital loan

    Short-term money for day-to-day costs like stock, wages and bills.

  3. Overdraft or cash credit

    Draw money up to a set limit and pay interest only on what you use.

  4. Machinery or equipment loan

    Finance to buy or upgrade equipment. The equipment can be the security.

  5. Invoice or bill discounting

    Get cash now against invoices your customers haven’t paid yet.

  6. Government-backed schemes

    Mudra loans up to ₹20 lakh and CGTMSE guarantees help small businesses borrow, often without collateral, through participating lenders.

Which types you can get depends on the lender and your business.

Eligibility

Who can apply and what you need.

Each lender sets its own criteria. Keep these handy; you won’t need to upload them on Firstfund.

Who can apply

  • Sole proprietors, partnership firms, LLPs and private limited companies
  • Self-employed professionals, such as doctors, CAs and architects
  • Owner aged 21 to 65 years at the end of the loan
  • Business running for at least 2 years (some lenders accept 1)
  • Annual turnover from about ₹10 lakh; each lender sets its own minimum
  • A credit history that meets each lender’s policy

Documents lenders usually ask for

  • PAN of the business and of the owners
  • Aadhaar of the owners (for KYC, with your consent)
  • Business proof: GST, Udyam, shop licence or incorporation certificate
  • Business bank statements for the last 6 to 12 months
  • ITR with computation of income for the last 2 years
  • Balance sheet, P&L and GST returns, for larger amounts

Good to know

Your rights as a business borrower.

  • A Key Fact Statement before you sign

    For MSME term loans, the lender must give you a Key Fact Statement with the APR, every fee and the repayment schedule before you sign. A fee that isn’t in it can’t be charged without your consent.

  • No prepayment fee on many floating-rate loans

    For floating-rate business loans to individuals and micro and small enterprises, sanctioned or renewed from 1 January 2026, banks and larger NBFCs can’t charge a prepayment fee. Small finance banks, regional rural banks, some co-operative banks and mid-sized NBFCs can’t charge one on such loans up to ₹50 lakh.

  • Never pay to get a loan

    Firstfund doesn’t charge you to apply. A real lender pays the loan into your business’s bank account, deducts any processing fee shown in the KFS, and never asks for money upfront.

Based on Reserve Bank of India directions on Key Facts Statements (2024), pre-payment charges (2025) and digital lending (2025). Your lender’s KFS and loan agreement have the final terms.

Full transparency

What every loan offer should show you.

Check these before you accept any offer, from any lender.

  • Lender name and type (bank or NBFC)
  • Annual Percentage Rate (APR)
  • Loan amount and tenure
  • EMI or repayment schedule
  • Processing fee and other charges
  • Penal charges, if any
  • Prepayment and foreclosure terms
  • The lender’s Key Fact Statement (KFS)

Questions

Business loan FAQs.

Do I need collateral for a business loan?

Not always. Many lenders offer unsecured business loans, and CGTMSE lets lenders fund micro and small enterprises without collateral. Larger amounts or longer tenures may need security, such as property or the equipment you buy.

How much can I borrow?

It depends on your turnover, profit, bank statements, credit history and any loans you already have. Each lender decides its own limit; most business loans start at about ₹50,000 and go up to ₹50 lakh.

Do I need GST registration?

Many lenders ask for it, but not all. Some accept other business proof, such as Udyam registration or a shop licence, especially for smaller amounts.

Does Firstfund charge me anything?

No. Applying through Firstfund is free. Lenders may charge a processing fee, which they must show in the Key Fact Statement.

See all FAQs

Your next step

Ready for your next step?

Share your details once. Our team will connect with you about the next steps.

Apply now

Free. Firstfund never asks for an upfront payment.