Business Loan
Business Loan by Avassa
Every business needs financial support to grow. Avassa offers hassle-free business loans from India's top banks. Whether you need working capital, want to expand your operations, purchase equipment, or manage cash flow, we provide customized solutions.
Key Highlights
- Loan amount up to ₹5 Crores
- Interest rates starting from 14.00% p.a.
- Collateral-free options available
- Quick approval in 48 hours
- Flexible repayment options
Key Features
Collateral-free loans available
Quick disbursal
Flexible repayment options
Overdraft facility
Working capital loans
MSME special schemes
Mudra loans available
Eligibility Criteria
Business vintage: Minimum 2 years
Annual turnover: Minimum ₹10 Lakhs
Good credit score (650+)
Profitable business for last 2 years
Valid business registration
Required Documents Checklist
Click items to track and check off your gathered documents:
FAQs
Frequently Asked Questions
How long does the loan approval process take?
The loan approval timeline depends on the type of loan and the bank. Personal loans can be approved within 24-48 hours, while home loans may take 7-14 days. Avassa ensures faster processing through our direct relationships with banks.
What credit score do I need for a loan?
Most banks require a minimum credit score of 650 for personal loans and 700 for home loans. However, some of our partner banks offer loans to individuals with lower credit scores at slightly higher interest rates. Avassa can help you find the best option regardless of your credit score.
What documents are required for a loan application?
Basic documents required are: Identity Proof (Aadhaar/PAN), Address Proof, Income Proof (Salary Slips/ITR), and Bank Statements. Additional documents may be required based on the loan type. Check our individual loan pages for specific document requirements.
Explore More