Indiabulls Consumer Finance Limited (IBCFL) offers unsecured business loans by the name of Dhani Biz which can easily be availed online using the available platforms. The Indiabulls Dhani Biz offers credit facilities for purposes like investment in infrastructure, upgradation of plant and machinery, expansion of business operations, increasing the work capital or maintenance of inventory, and all the necessary financial assistance through loans.
Indiabulls Business Loan Interest Rates (Dhani Biz) – 2023
| Interest Rate | Depends on the applicant’s profile |
| Age Criteria | Min. 25 years & Max. 65 years at the time of loan maturity |
| Loan Amount | Max. up to Rs. 40 lakh |
| Doorstep Service | Available |
| Repayment Tenure | 12 months – 48 months |
| Collateral/Security | Not required |
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Comparison of Business Loan Interest Rates offered by Top Banks/NBFCs – 2023
| 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 |
Eligibility Criteria
There are certain eligibility criteria set by the Indiabulls finance corporation, such as:
- It is mandatory for the applicant to be a self-employed professional
- Necessary to have active GST along with a GST filing for the past 6 months
- The age limit of the applicant must be between 25 years (at the time of loan application submission) and must be below 65 years at the exact time of completion or maturity
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Documents Required
The Indiabulls Dhani business loan provides a facility for instant disbursement of the business loans upon fulfilment of the following requirements:
- Applicants need to provide all the KYC, as per the guidelines along with the details of the co-applicant
- Proper credentials of the GST
Authentic bank accounts with original statements in the following 5 banks, including SBI, ICICI Bank, Kotak Mahindra Bank, HDFC Bank and Axis Bank
Features and Benefits
The Dhani Biz system from Indiabulls is a completely online system for application and processing and does not require the intervention of manual kind. Some of the best-defined features are:
- Instant disbursement of the loan amount to the account
- Indiabulls Dhani biz loans are offered up to Rs. 40 lakh
- The tenure of the loan ranges from the time period of 12 months to 48 months
- Quick process and paperless documentation procedure
- Maximum security measures for safeguarding your information
- No prepayment charges for the loans availed for 6 months
Usage of Indiabulls Business Loans
The special feature of the business loan is that there is no burden of providing any collateral or security, being it is an unsecured loan. The business loan provided by Indiabulls cab be used for various below-mentioned purposes:
- Expansion of the business
- Taking up new business projects/proposals
- Upgradation of technology and machinery repair
- Emergency procurement of raw material in bulk order
- Hiring of seasonal employees
- Training new staff
- Improving cash flow
- Lease for larger premises of the office
- Renovation of the workplaces
- Stocking up of the inventory, if required
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FAQs
Ques. Who can avail Indiabulls Business Loans?
Ans. Self-employed people, SMEs, MSMEs, and large enterprises can avail business loans.
Ques. What is the business loan interest rate offered by Indiabulls?
Ans. The interest rate depends on the applicant’s profile and the loan amount.
Ques. What are the foreclosure charges of a business loan?
Ans. There are no foreclosure charges levied by Indiabulls on Dhani Biz loans.
Ques. What is the maximum age criterion for taking a business loan?
Ans. The maximum age should not exceed 65 years at the time of loan completion.
Ques. Do I need to provide collateral or security to avail a business loan?
Ans. No, being an unsecured loan, no collateral or security is required by Indiabulls Dhani.