Easy Pay:Organizing the Unorganized

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Business Loan

Are you a manufacturer, retailer, trader or a professional running your own business? Then you would be aware about the challenges of managing your daily operations on one hand while trying to expand with the other. Today, liquidity for a self-employed is of supreme importance. Moreover, meeting your growing business requirements doesn’t come to you on a platter. This is where we play a role. Easy Pay now offers collateral-free EMI-based Business Loans for the self-employed with minimum documentation. While you decide whether to use the amount for the entire tenure or to pre-close it faster, we help you to mitigate your immediate liquidity requirements while keeping your business adequately funded to prosper. You can apply and avail the loan online and then repay in easy instalments as convenient.

  • Simplified Access & Minimal Documentation

  • Minimum Loan Amount Rs. 50,000

  • Balance Transfer Available

Business Loan EMI Calculator

Calculate your EMI and choose the most suitable product for you
5000000
50K 50L
5000000
1 Year 5 year
24
09 % 24 %
₹ 4460

Get instant business loan on WhatsApp

No Paperwork

No Physical Meeting

WhatsApp ‘Hi’
to 74868 74868

Business Loan Rates and charges

Easy Pay Finance’s loan rates and charges do not restrict you from investing the desired amount in your business. With an attractive business loan interest rate, your monthly EMIs are absolutely affordable. Furthermore, Easy Pay Finance’s instant business loan comes with utmost transparency and no hidden costs. The MSME loan details are presented at the time of application to ensure you do not pay anything over the communicated rates and charges.

For amount upto
50 Lakh
Loan tenure of
5 year
Interest rate of
9.0% p.a.
No collateral
needed
Instant loan amount
disbursal
Business Loan Upto ₹50 Lakhs
Rate of Interest 9% to 24% Per Annum
Loan Process Charges 2% - 7% + GST* (Additional 1.5% insurance charges will be applicable in case of Loan Insurance).
Annual Maintenance Charges NIL

Business Loan Eligibility Criteria

An applicant for a business loan must meet certain conditions to be eligible. These relate to the operational vintage of the business enterprise and the applicant's own borrowing history. Here are a few such conditions.

  1. The business/ Shop should be operating for at least one years at the time of applying for a loan.

  2. Self-employed people, professionals such as gig workers, doctors and CAs, Self-help groups and proprietorship concerns can also apply.

  3. Charitable organisations, NGOs and trusts are not eligible for a business loan.

  4. The applicant should have a credit score of 650 and above. Individuals with no credit history can also apply.

  5. The business should not fall under any list of blacklisted businesses.

  6. The office location should not be on any negative list.

Easy Pay Finance Business Loan Features

Instant loan

Instant loan amount up to Rs 50 lakh

Loan Process

Easy and online application process

Instant Credit

Instant credit of loan amount to your bank account.

EMI Repayment

Affordable EMI repayment options

Process and Documents Required

Process and Documents

We provide business loans to self-employed, Sole Proprietor, firms engaged in the businesses of manufacturing, trading and services and having vintage of minimum 12 months. You can get up to Rs.50 Lakh as a loan without any collateral or assets security.

Documents Required

Pre-Sanction Documentation
  1. KYC documents – Aadhar / Passport / Voter’s ID (Any one)
  2. PAN Card
  3. Bank Statements for Last 12 Months
  4. Business Registration Proof (Any one)
    1. GST
    2. Udyog Aadhar
    3. Shop Establishment Act etc
  5. Business Address/Continuity Proof (GST/ Latest utility bill/ Rent Agreement/Udyog Registration)
Post-Sanction Documentation
  1. Signed and Accepted Sanction Letter
  2. Signed and Accepted Loan Agreement
  3. Registered NACH Form