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Business Loan

Business Loan

Every business, irrespective of its size and nature, requires funding from time to time. A business loan is an unsecured credit that can help you meet your growing business’ urgent financial requirements. You can apply for a business loan to usher in the funds required to expand your existing business, increase production, go online, purchase inventory, and much more.

With Loan Magic new business loans, you can secure hassle-free funding and meet the short-term and medium-term financial requirements of your business. Whether you plan to equip your workforce with the latest technology, launch a new store shortly, or manage your company’s cash flow, our business loan offering with structured EMI options and extended tenures can be your perfect companion.


Business Loan



Business loans are usually not secured by collateral as opposed to other loans. If you do not own assets equal to the value of the obtained loan amount, you can still raise capital for your business immediately. Consequently, these loans make funding and sustaining small businesses easier.

Competitive Interest Rates

Most business owners believe that a business loan comes with a high interest rate and creates a financial burden. Truthfully, many good financial institutions offer interest rates below the industry average.

Quick Approvals

Delays, especially those caused by insufficient funding, can negatively impact business profits. Almost all lenders offer quick approvals for their business loans to ensure you never encounter this problem.

Extended Loan Tenure

The EMIs on your loans should never drain your working capital reserves or profits. With a business loan, you can choose a flexible repayment schedule based on your business's cash flow.

Simplified Documentation Process

Many lenders require only essential documents to commence loan processing and minimize delays. This business loan feature makes it easy to obtain capital quickly.


You can customize the loan amount, tenure, interest rates, and other parameters per your needs and repayment ability. It ensures that the loan terms meet the owner's needs and will not create a financial burden.

  • Eligibility criteria
  • Documents required
  • Advantages of Business Loan
  • How to apply

Are you Eligible for a Loan Magic Business Loan?

At Loan Magic, we provide business finance with simple eligibility criteria and minimal documentation.

  • Your age should be at least 21 years at the time of applying for the business loan and not more than 65 years at the time of the last EMI
  • Your credit score should be at least 650 or more
  • Business should be profitable
  • Minimum 2 years business stability

What are the Documents Required for Business Loan?

Following documents are required for availing a Business Loan

  • Last six months’ company bank statements

  • Last two years Income Tax Returns

  • Last two years balance sheet and Profit & Loss accounts

  • KYC documents of the company

  • KYC documents of the business owners

  • A report with detailed information about how the candidate will utilise the Business Loan

  • Photo identity proof (Aadhar card/ Driving license/ Voter ID/ Passport)

  • Bank statements

  • Business proof

How to Apply for a Business Loan?

With Loan Magic, you can apply for a housing loan in various ways:

  • Visiting our Branch

You can visit your nearest Loan Magic branch to apply for a Business Loan offline. Our executives there will guide you through the entire process.

  • Through the phone

What are the Advantages of Getting a Business Loan?

  • Flexible Loan Tenure
    You have the flexibility to choose your business loan tenure as per your repayment capability. You can select your loan tenure between 12 months to 60 months. This allows you to repay your business loan as per your business’ cash flow.

  • Term Loan or Overdraft
    Loan Magic offers various business funding options for its customers. You can either apply for a term loan, wherein you’re required to pay fixed EMI for the entire loan tenure, or a Dropline Overdraft Facility, where you would have to repay only the amount used by you, along with interest.

  • Minimum Documentation
    At Loan Magic, we approve business finance with minimal documentation. We ask only for a handful of documents to approve business loan applications.

  • Quick Approval and Fast Disbursal
    We provide faster approvals for business loan applications. You can apply for a business loan with Loan Magic and get the finances in your bank account with minimum delay. We ensure a swift disbursal process.

  • No Collateral Required
    Another reason to apply for a business loan with us is that you’re not required to pledge any collateral for it. With Loan Magic business loan, you can easily avail of business finance without putting your personal or professional assets on the line.
Why Us

Why we are the right fit for you and your business

Loan Magic, a name you can trust

With the customers’ individual desires and needs in mind, our team at Loan Magic guides you at every step and offers specific financial solutions.

Flexibility for usage

We provide Business Loans to help you fulfil your dreams without bothering you with too many formalities. We only follow statutory loan requirements as prescribed by the law.

Quick disbursal

Business loans typically require minimal documentation and are quickly disbursed so that a company doesn’t have to halt operations or growth plans while waiting for funds.

Working capital support

You can use the business loan money to increase your working capital, which can be a big help if you have a liquidity crunch. You can run daily operations and cover short-term expenses without having to dip into the emergency fund.

No collateral required

Business loans are usually offered without demanding any collateral, provided you meet the eligibility criteria. Because business loans are unsecured, they are an especially attractive option for small businesses that may not possess a lot of assets.

Convenient and easy

Getting a business loan is as easy as getting in touch with a lender and talking about the possibility of securing financing. As opposed to looking for investors and holding discussions that take months at end, getting a business loan is convenient and far more straightforward. .