Business Loan Offers
NIL foreclosure charges
Flexi EMI option
Business Loan in India on Rubique - How it Works
We have partnered with leading banks and NBFC's to provide you a comprehensive range of business loan options. Our unique matchmaking algorithm ensures that we match your requirements with available options and provide you the best results.
Offers are displayed sequentially to help you compare key features like interest rates, processing fees, tenure and features. So, you can make an informed decision.
Once you have compared and found the loan that is best suited to your requirements, you need to fill a detailed online application form. This is required to check your eligibility and process your application.
We also help you with end to end fulfilment, including documentation pick up and submission to the respective financial institutions. You can track the entire journey of your application by logging in to \"My Accounts\" section.
All about Commercial/Business Loan - FAQ
Why should I take a business loan?
Mobilizing money is critical for any business to perform well. An unsecured business loan gives you access to credit, which can be repaid over a period of time. It can be used for expansion of an existing business or investing in a new one without pledging anything against the borrowed amount.
Who all can avail a business loan?
Self-employed individuals/ professionals (like doctors, architects, chartered accountants, business consultants) • Sole proprietorship firms • Partnership firms • Private limited companies • Closely-held and public limited companies
What is the eligibility criteria for availing of a business loan?
Your firm should be at least 3 years old. On a net income of up to Rs 1.5 lakhs, a firm can avail of a loan of up to Rs. 15 lakhs. For net income above Rs 1.5 lakhs, a firm can avail of a loan above Rs 15 lakhs. The above figures are only indicative and the actual eligibility criteria varies across financial institutions.
What is the loan processing time?
Typically, 4 working days after all documents are submitted.
What is the loan amount one can avail?
An unsecured business loan ranges from Rs 10 lakhs up to Rs 40 lakhs, depending upon the financial eligibility.
What is the minimum and maximum tenure of the loan?
The loan tenure generally ranges between 12 to 36 months.
What is the interest rate? Is it fixed or floating?
Interest rates entirely depend upon the loan amount, credit assessment, and other risk-based parameters applicable from time to time. The rate is usually fixed.
How do I pay the EMI?
For monthly payments, banks may request for an Electronic Clearing System (ECS) form to be signed by you linking your salary or operational account. Besides ECS, at the time of applying for the loan, banks may ask you to submit post-dated cheques. Do clarify your ECS debit date with the bank so you can ensure sufficient balance for payment clearance.
Can I pre-pay my loan?
Yes, but most financial institutions allow part pay after 6 months from the date of disbursement.
Will I be charged by Rubique for services offered?
No. The services offered by Rubique are completely free of charge.
I submitted my application to Rubique. Now, what next?
Once your application has been electronically processed and received, it will be securely sent to the financial institution of your choice. We will be in touch with you throughout the disbursement process.
What if my application is rejected?
In an unlikely scenario of rejection, we will help you rectify the shortcoming and re-process the application.
What are the documentation required?
KYC documents ID proof : PAN card, Passport, Driving license etc. (any one) Address proof of office and residence: Electricity bill/ telephone bill/ property tax receipt/ registered rent agreement/ post-paid phone bill/ sale deed of agreement Partnership deed and PAN card (for partnership firm) MOA & AOA, COI, PAN and Form 32 (for Companies)
Ownership proof – any one of these documents from the applicant and guarantor: Sale deed of property Utility bills (electricity / water bill not older than 2 months old) Property tax receipt (latest) Leave and license agreement
For self-employed individuals, self-employed professionals, firms and companies: IT Return with statement of income of the past 3 years Financials of past 3 years with balance sheet, and profit and loss account with all schedules/annexures f audited, then audit report along with Director’s Report, 3CB/3CD of latest 3 years All bank statements of last 6/12 month Business existence proof, shop & establishment certificate, SSI registration certificate, sales tax/VAT registration certificate, trade license certificate, factory registration certificate, professional qualification certificate and degree for professionals o Sanction letters of any existing loans: Performa invoice of the vehicle in the case of a vehicle loan; for HL & loan against properties - latest property sale agreement along with entire previous chain of sale agreements, commence certificate, occupancy certificate/ approved plan copy, draft copy of sale agreement (in case of purchase transaction)
Partnership deed and PAN card (for partnership firm)
MOA & AOA, COI, PAN and Form 32 (for Companies)
Ownership Proof (any one) (applicant and guarantor)
Sale deed of property Utility Bills (Electricity / water bill not older than 2 months old) Property tax receipt latest Leave and License Agreement
For Self-employed Individuals, Self-employed professionals, Firms and Companies
IT Return with statement of income of latest 3 years Financials of latest 3 years with Balance sheet, Profit & loss a/c with all Schedules / Annexures If audited then Audit report along with directors report, 3CB/3CD of latest 3 years All Bank statements of last 6/12 month Business Existence proof, Shop & establishment certificate, SSI Registration certificate, Sales Tax / Vat registration certificate, Trade license certificate, Factory registration certificate, Professional qualification certificate & Degree for professionals
Sanction letters of all the existing loans
For Vehicles Performa Invoice of the vehicle For HL & Loan against Properties Latest Property sale agreement along with entire previous chain of sale agreements Commence certificate, Occupancy Certificate / Approved plan copy Draft copy of sale agreement (in case of purchase transaction)
How do I apply for a Business loan?
You can browse, compare and apply for a loan from here.