CREDIT SCORE CHECK ELIGIBILITY
CREDIT SCORE CHECK ELIGIBILITY
Our flexible and affordable Home Loan

Business Loan

Take your business to next level using lonar business loans. Business Loans allow you to invest in infrastructure, operations, plant, and machinery or to increase working capital.
Our customized business loans can give your business the boost to help your business scale to new heights.
Business loans from Lonar, enable you to redraw your business strategies to match today’s agile work environments. Our customized business loans can help your business to reach new heights with enhanced competitiveness and profitability. We can help you to approve the business loan for your small and big business easily.

Get an instant approval

Features of Business Loan

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Flexible Loan Facilities
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Small Business Loan Within 24 Hours
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No Collateral
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Fair Interest Rates
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Multi-Purpose Loans
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Types of Lonar Business Loans

Loans for Women

Our business loans especially designed for women enterpreneurs, to make them self-reliant.

MSME/SME Loans

Small and medium businesses can now grow their operations in an easy way with MSME and SME business loans.

Machinery Loans

Install or upgrade to the latest machine infrastructure and the latest technology are the need of every business.

Working Capital Loans

With working Capital Loans maintain healthy cash flow without any security.

    List of documents

    Required Documents

    Documentation for business loan applications involves basic KYC documents (PAN, Address proof), Bank Statements, and business documents. Here is a list for your quick reference.
  • Passport size photograph
  • Valid Identity Proof such as PAN card, Aadhar Card, Driving License
  • Valid Address Proof such as Electricity bill, Passport
  • Bank statements
  • GST or ITR
  • Income proofs
  • Proof of Business existence (like Certificate of Incorporation, etc.)
    Eligibility Criteria

    Business Loan Eligibility

    To avail a business loan, you must meet the following eligibility criteria –
  • You must be between 25 to 65 years of age
  • You must have a CIBIL score of 700 or above
  • You should own a business that must be profitable for three consecutive financial years
  • Your business turnover must show an upward trend.
  • Your balance sheet must be audited by a registered Chartered Accountant
  • Trusts, NGOs, and charitable institutions are not eligible for small business loans.
  • If you are not sure if your business falls under a restricted category or location, you can contact us to confirm your eligibility.

Frequently Asked Question

Just find your answers below
  • What is Business Loan?

    A Business loan is a debt instrument used specifically for business finance like funding the expansion of your business, purchasing long-term assets for the business, or meeting the working capital requirements. It has to repay according to certain agreed-upon terms and conditions.

  • What is a good credit score to get a Business Loan for a new Business?

    A CIBIL score of 750 is considered healthy to avail a Business Loan. The closer your score is to 900, the higher are your chances of getting small Business financing.

  • Why should you take a Business Loan?

    It is not mandatory to have a co-applicant.

  • What is the tenure of a home loan?

    You can take a Business loan to fund your Business investments and projects. A Business Loan can help your business venture to prosper at a faster pace and you can finish stagnant projects immediately.

  • What is the mode of Repayment?

    You can repay through Post Dated Cheques, Electronic Clearance Service (ECS) or Direct Debit.

  • Who can opt for a Business Loan?

    Business loans are available to both professionals and non-professionals that are self-employed. Business loan interest rates are highly competitive and are typically approved quickly. The following types of companies can secure business loans –.


    Sole proprietorship
    Partnership firm
    Private limited companies
    Closely-held public limited companies
    Societies
    Trusts
    Hospitals, nursing homes, diagnostic centers, pathological labs
  • When can I take the disbursement of the loan?

    You can take disbursement of the loan once the property has been technically appraised, all legal documentation has been completed and you have invested your Own Contribution in full.

Lonar is a digital financial services company providing all types of lending solutions to make financial decisions easy, transparent, and convenient for you.

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Contact Us

F-85, First Floor, Nano Wing, Haware Fantasia Business Park, Sector 30A, Vashi, Navi Mumbai - 400 703
info@lonar.in
+91 80 9090 8020

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