Business Loan​

No Collateral I Up to Rs. 1 Crore I Tenure up to 48 months​

4 reasons to choose our business loan

LOAN OF UP TO Rs. 55 Lakh




A loan for all your goals



Machinery Purchase


Eligibility criteria and documents required

Anyone can apply for our business loan if they meet the five basic criteria mentioned below. If you meet all the business loan eligibility criteria, you will need a set of documents to complete your application process.

Eligibility criteria

• Nationality: Indian
• Business vintage: At least 1 years
• CIBIL Score: 700 or higher
• Work status: Self-employed
• Age: 21 years to 70 years*
*Higher age limit is applicable at the time of loan maturity.


• KYC documents - Aadhaar/ passport/ voter's ID/ driving license/ letter from NPR/ NREGA job card
• PAN card
• Proof of business ownership
• Other financial documents

Frequently asked questions

A business loan is a financial offering that can help you meet your planned and unplanned business expenses. It is a kind of unsecured financing, and you can avail of one without providing any collateral.

You can get a business loan up to Rs. 1 Crore from Mantra Finserv by fulfilling the easy-to-meet eligibility criteria. Upon approval of your application, you can get the loan amount in your bank account within 48 hours.

Mantra Finserv considers a CIBIL Score of 700 or above as a good credit score. A strong business turnover and having all your documents in check also reflect positively on your profile.

It Generally ranges from 1% to 3% of the loan amount + (GST).

Yes, startups in India can get business loans. Many lenders offer loans up to Rs.45,00,000.

You can repay through post dated cheques, electronic clearance service (ECS) or direct debit.

For startups, lenders offer business loans as term loans and working capital loans. While term loans are given for expansion of business, purchase of machinery, launching new projects etc, working capital loans are given to stock up inventories, pay rent, pay employees’ salaries, renovate office etc. These loans can be taken for a period of 1 – 10 years.

1. Working Capital Loan
2. Term Loan
3. Equipment Finance
4. Loans under Govt. schemes
5. Loans for women.

The rate of interest is decided on the basis of factors such as your annual turnover, banking transactions, business (proof of continuation) and your credit score.