There are a lot of online loan apps that give you instant business loans. Some of them are: 

Lender

Loan Amount

Interest Rate

Lendingkart

Rs. 50,000 – Rs. 2 crore

1.5% – 2% per month

InstaEMI

Up to Rs. 1 crore

Starts from 13.5% per annum

Clix

Rs. 5 lakhs – Rs. 50 lakhs

Based on customer profile

ICICI Bank Business Loans

Rs. 1 lakh – Rs. 40 lakhs

For secured facilities: Up to Repo Rate +6.0 %(Non-PSL)

For facilities backed by CGTMSE: Up to Repo Rate + 7.10%

Bajaj Finserv

Up to Rs. 30 lakhs

Starts at 13.5%

 

The above list is only a shortlist from a number of providers in the current market. These lenders provide you with the much-needed finance for your business through a convenient loan process. 

  • Apply online from the comfort of your home or office
  • Most loans are unsecured, collateral-free loans
  • Get high loan amounts of up to Rs.50 lakhs to give a boost to your business dream
  • Very minimal documentation requirement
  • Quick processing and instant disbursal

Tips to get fast approval for instant business loans: 

  1. Get all your supporting documents in order
  2. Be ready to prove the profitability and sustainability of your business
  3. Shop with a few different lenders to determine the best loan product for you
  4. Look out for seasonal offers on business loans from leading lenders