Noida has emerged as a fast-growing hub for the media houses and entertainment sector with the presence of prominent news channels and films/serials production companies. If applicants want to open a new business or expand an existing business in Noida can avail Business loans, MSME loans or Working Capital Loans.
Compare Business Loan Interest Rates from Top Banks/NBFCs
| Bank/NBFCs | Interest Rate | |
| Axis Bank | 10.75% p.a. onwards | Apply Now |
| Flexiloans | 1% per month onwards | Apply Now |
| HDB Financial Services Ltd. | 8% - 26% p.a. | Apply Now |
| HDFC Bank | 10.75% - 25% p.a. | Apply Now |
| IDFC First Bank | 10.50% p.a. onwards | Apply Now |
| Indifi | 1.50% per month onwards | Apply Now |
| Kotak Mahindra Bank | 16% - 26% p.a. | Apply Now |
| Lendingkart | 12% - 27% p.a. | Apply Now |
| Mcapital | 2% per month onwards | Apply Now |
| NeoGrowth Finance | 15% - 40% p.a. | Apply Now |
| Tata Capital | 12% p.a. onwards | Apply Now |
| UGRO Capital | 9% - 36% p.a. | Apply Now |
Business loans including short- or long-term loans offered to interested residents of Noida can be used for various purposes like investing in infrastructure, paying-off rent or salaries, purchase of equipment, buying raw materials, purchase of inventory and stock, etc.
Apply for Business Loan @ low interest rate Apply Now
Eligibility for availing Business Loans in Noida
- Business loans can be availed by self-employed, individuals, sole proprietorships, partnership firms, limited liability partnerships, private limited and public limited companies, MSMEs, NGOs, co-operative societies, etc.
- Minimum age of the applicant: 18 years and maximum 65 years
- Applicant with good credit score and repayment capacity
- Must not be in debt and existing company should be in profits
- Annual turnover to be decided by the lender
- Minimum business existence of at least 2 years with one year of business experience
Business Loan – Features & Interest Rate
| Interest Rate | 16% p.a. onwards |
| Loan Amount (Collateral-free) | Max. up to Rs. 2 crore, can exceed depending upon business requirements |
| Repayment Tenure | Up to 5 years |
| Collateral | Not required (Besides equipment finance, machinery loan and invoice discounting) |
| Age Criteria | Min. 18 years and Max. 65 years |
Documents Required for Loan Application
- KYC documents of owners, partner, promoter (if applicable)
- Identity Proof: Passport, PAN card, Voter’s ID card, Driving License
- Age Proof: Passport, Voter’s ID card, Voter’s ID card
- Residential Proof: Property papers, ration card, Aadhar Card, Utility bills (Water & Electricity)
- Business Address Proof: Rent agreement, Lease documents, Sale Deed
- Last 12 months’ bank statement
- Proof of ownership of the possessions used for business activities
- Last 1 years’ ITR, GST and Sales Tax certificates
- Any other document required by the lender
Must Read: Mudra Loan for Women: All You Need to Know