IDFC
IDFC FIRST Bank
Interest rate14% onwards
Max. amount₹1 Crore
Processing time7–10 Days
Processing feeUp to 3%
Business Finance
Funding that helps your business move forward.
Explore business loan options for working capital, stock purchase, machinery, renovation or expansion through a guided enquiry process.
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Simple digital enquiryShare essential business and contact details online.
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Multiple lender optionsSuitability depends on profile, documents and lender policy.
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Assisted supportGet help understanding documents and the application process.
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Secured and unsecured choicesAvailable product type varies by requirement and eligibility.
Working CapitalBusiness ExpansionMachinery FinanceBalance Transfer
Compare Options
Business loan offers from lenders
Use these public-market figures for initial comparison only. Your personalised rate, fee, amount and timeline may be different.
Important: Indicative public reference data checked on 18 September 2026. These are not guaranteed or binding offers from Soni Fincorp. Lender terms can change without notice.
BF
Bajaj Finserv
Interest rate19% onwards
Max. amount₹75 Lakh
Processing time3–6 Days
Processing feeUp to 2%
ABCL
Aditya Birla Capital
Interest rate21% onwards
Max. amount₹50 Lakh
Processing time1–2 Days
Processing feeUp to 2%
TC
Tata Capital
Interest rate19% onwards
Max. amount₹75 Lakh
Processing time3–6 Days
Processing feeUp to 2%
L&T
L&T Finance
Interest rate17% onwards
Max. amount₹75 Lakh
Processing time3–6 Days
Processing feeUp to 2%
FL
FlexiLoans
Interest rate18% onwards
Max. amount₹25 Lakh
Processing time3–6 Days
Processing feeUp to 2%
PR
Protium
Interest rate26% onwards
Max. amount₹40 Lakh
Processing time5–7 Days
Processing feeUp to 5%
KB
KreditBee
Interest rate21% onwards
Max. amount₹50 Lakh
Processing time1–2 Days
Processing fee2.25%
AXIS
Axis Bank
Interest rate14% onwards
Max. amount₹75 Lakh
Processing time7–10 Days
Processing feeUp to 2%
IN
Indifi
Interest rate18% onwards
Max. amount₹75 Lakh
Processing time3–6 Days
Processing feeUp to 2%
PF
Poonawalla Fincorp
Interest rate24% onwards
Max. amount₹15 Lakh
Processing time1–2 Days
Processing feeUp to 2.35%
GF
Godrej Finance
Interest rate16% onwards
Max. amount₹75 Lakh
Processing time7–10 Days
Processing feeUp to 3.93%
LK
LendingKart
Interest rate17.25% onwards
Max. amount₹10 Lakh
Processing time7–10 Days
Processing feeUp to 2%
HDB
HDB Financial Services
Interest rate16% onwards
Max. amount₹7.5 Lakh
Processing time7–10 Days
Processing feeUp to 2.5%
HF
Hero FinCorp
Interest rate17% onwards
Max. amount₹5 Lakh
Processing timeInstant*
Processing fee2%–5%
Understand the Product
What is a business loan?
Finance for business requirements
A business loan provides funds for commercial needs such as working capital, inventory, equipment, premises improvement or expansion. It may be unsecured or backed by collateral, depending on the lender, amount and applicant profile.
Built around repayment capacity
Lenders normally assess turnover, cash flow, profit, business vintage, credit history, existing obligations and supporting documents before deciding the amount, pricing and repayment period.
Indicative amountCan extend up to ₹1 crore for certain unsecured products; secured products may differ.
Typical tenureOften up to 5 years, while selected products may provide longer repayment periods.
Interest and feesProfile-based pricing; processing and other charges vary across lenders.
SecurityCollateral may or may not be required, depending on the product.
Credit profileA stronger bureau score and clean repayment history generally improve eligibility.
Multiple formatsTerm loan, working capital, overdraft, equipment finance and other solutions.
Funding Options
Common types of business finance
The right structure depends on why funds are needed, how quickly they will be repaid and whether an asset can be offered as security.
Fixed business funding without collateral, subject to credit and cash-flow assessment.
Funding backed by eligible property, machinery, financial assets or other acceptable security.
Supports payroll, supplier payments, inventory and other day-to-day operating needs.
A reusable limit where interest is generally charged on the amount utilised, subject to terms.
Designed for eligible doctors, chartered accountants and other self-employed professionals.
Helps convert approved receivables into earlier cash flow at an agreed discount or charge.
Funds machinery, tools, commercial equipment or technology required by the business.
Supports payment for raw materials, trading stock or purchases from approved suppliers.
Eligibility and repayment may be linked to card or digital sales processed by the merchant.
Compare Structures
Unsecured vs secured business loan
| Factor | Unsecured loan | Secured loan |
|---|---|---|
| Collateral | Normally not required. | Eligible security is required. |
| Approval focus | Credit profile, turnover, cash flow and repayment record. | Applicant profile plus ownership, value and acceptability of collateral. |
| Amount | Usually lower than secured finance. | May support a higher amount based on collateral and repayment ability. |
| Pricing | May be higher because lender risk is greater. | Can be relatively lower, but valuation and legal charges may apply. |
| Processing | Often faster with fewer property-related checks. | May take longer due to technical and legal verification. |
| Suitable for | Working capital, inventory and short-to-medium term requirements. | Expansion, property-backed funding, heavy machinery or larger capital needs. |
MSME Support
Government-linked business schemes
Scheme availability, limits, subsidy and eligibility can change. Applicants should confirm current conditions on the official portal or with a participating lender.
Pradhan Mantri Mudra Yojana (PMMY)
Credit support for eligible non-corporate, non-farm micro and small enterprises through participating institutions.
- Shishu: up to ₹50,000
- Kishore: above ₹50,000 and up to ₹5 lakh
- Tarun: above ₹5 lakh and up to ₹10 lakh
- Tarun Plus: above ₹10 lakh and up to ₹20 lakh for eligible previous Tarun borrowers
PSB Loans in 59 Minutes
A digital application platform for eligible MSMEs seeking in-principle assessment from participating lenders. The final sanction, documentation, pricing and disbursal remain subject to the selected lender's process.
CGTMSE Credit Guarantee
CGTMSE provides guarantee cover to member lending institutions for eligible credit facilities to micro and small enterprises. It is not a direct loan or subsidy to the borrower; the participating lender evaluates and sanctions the facility.
SIDBI SMILE
A SIDBI programme intended to support eligible MSME projects, including expansion or modernisation. Assistance structure, moratorium, contribution and project conditions should be checked directly with SIDBI.
PMEGP
A credit-linked subsidy programme supporting eligible new micro-enterprises in manufacturing and services. Subsidy, applicant contribution, education requirements and project limits vary by category and applicable guidelines.
PM SVANidhi
Working-capital support intended for eligible street vendors, together with scheme-linked incentives subject to current government guidelines. Applicants should verify the presently active tranche limits and eligibility on the official portal.
Before You Apply
Eligibility and documents
Common eligibility factors
- Applicant age and business constitution
- Business vintage and operational stability
- Turnover, profit and banking cash flow
- Credit score and repayment history
- Existing loan obligations and repayment capacity
- Serviceable business and residence location
Commonly requested documents
- PAN, Aadhaar and address proof
- Business registration or constitution proof
- Recent bank statements
- ITR, computation, balance sheet and profit & loss statement, where applicable
- GST returns, where applicable
- Property or asset papers for secured facilities
Questions
Business loan FAQs
Is every business loan collateral-free?
No. Business loans can be unsecured or secured. Collateral requirements depend on the selected product, loan amount, lender policy and applicant profile.
Does submitting an enquiry guarantee approval?
No. Approval, rate, amount and tenure are decided by the lender after credit assessment, document verification and applicable internal checks.
Can I apply without GST or ITR?
Some lenders or products may consider alternate documentation, but options can be limited. The final decision depends on business type, cash flow, vintage and lender policy.
What can affect the interest rate?
Credit history, business vintage, turnover, profitability, existing debt, loan structure, collateral and lender risk assessment can all affect pricing.
How quickly can funds be disbursed?
Timelines vary. A complete application may move faster, while secured loans normally require additional legal and valuation checks. An advertised processing time is not a disbursal guarantee.
Ready to discuss your business requirement?
Complete the enquiry form and our team can review the next steps with you.