The current pandemic has brought many businesses to a standstill or impacted their profitability, compelling them to revamp their models or seek urgent funding. To address the situation, the RBI has encouraged both traditional and non-traditional financial institutions to grant loans to the MSME sector without the need of any collateral. However, small businesses still find it challenging to secure the funds they need at the right time, often due to stringent regulations and complex paperwork. Or, they end up raising funds through friends and relatives, which may require them to part with some of their equity or even compromise on personal relationships. At InstantPay, we offer a solution to this problem by providing business loans that are affordable and easy.  

All You Need to Know About Our Business Loans

Our tie-ups with different lending institutions make it easy for you to inject some funds into your business at the right time. Applying for a business loan with us is simple, as all you need is a business account on our platform for accessing lucrative features of different types of business loans:

Let’s get into the nitty-gritty of these business loans:

Eligibility Criteria

You should have been in business for at least 3 years (may differ as per loan requirements and amount)

Age limit varies as per the lender’s requirements or as per loan type

Healthy CIBIL Score

Strong credit profile

Duly filed Income Tax Returns for at least the previous financial year

KYC documents of business and business holder in place

Top Features of Our Business Loans 

Fast and hassle-free processing, as low as one minute

Loan financing up to Rs. 15 Lakhs

You can apply for business loans for boosting your working capital. We offer 180-day loans for the same.

Fair interest rate

Flexible repayment schedule

Zero collateral requirement

Minimal documentation and less paperwork 

Reasonable processing fee without hidden charges

Pre-approved business loans

Automated installment payment from InstantPay account

Looking to get business loans?

Benefits of Applying for a Loan with Us

The MSME sector has to often rely on periodic sales proceeds to meet their operational expenses. Hence, our loans are structured to address the unique challenges of MSMEs

Our platform eliminates the need to visit a traditional financial institution 

We have tie-ups with top lending institutions

You can apply for a large loan amount at affordable rates

Integrating with us allows you to build a good bond with financial institutions that have collaborated with us

We offer an end-to-end solution for business banking, making it easy for you to apply for loans

Quick disbursement is helpful during financial distress as well as for exploiting new market opportunities

There is no need to part with your business asset, as these loans are collateral-free

Allows you to meet immediate business liabilities, thereby saving your business from becoming insolvent

Be assured that you are availing the loan from the right lender who is offering you the best market rate

To Sum Up

By offering an end-to-end solution for business banking, we aim to make life easy for small and medium businesses. With InstantPay you can effortlessly carry out your business banking transactions while availing other benefits such as cash flow management, automated payments, utility services and much more.

Senior Content Writer | + posts

Fueling creativity one sip at a time with the perfect cup of tea! As a content specialist at Instantpay, he’s passionate about weaving words that resonate. Apart from crafting content, you'll find him nestled in nature, finding inspiration in every leaf and breeze.

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