Business Loan

3 unique variants | Up to Rs. 40 lakhs | Tenure of up to 96 months.

A business Loans is a sum of money obtained by a company to cover expenses it is unable to cover on its own. Some entrepreneurs utilize business loans to pay for salary and wages while their new firm is getting off the ground, whereas others use borrowed funds for office supplies, inventory, business growth and business projects.

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Business Loan

3 unique variants | Up to Rs. 40 lakhs | Tenure of up to 96 months.

3 Unique Variants Of Our Business Loan

  • Flexi Term Loan : Assume that you have taken a loan of Rs. 20 lakh with a repayment period of 24 months. You have paid the EMIs on time for the first six months. So, by now, you must have paid back roughly Rs. 5 lakh.

    It occurs to you that you need another Rs. 5 lakh. To draw down additional funds from your Flexi Term Loan account, sign-in to our customer portal – My Account.

    Now, let us say you have decided after three months to pay off a portion of your loan, for example, Rs. 10 lakh. You can easily repay by signing in to My Account.

    Your interest will be automatically adjusted throughout, and you only need to pay interest on the outstanding principal. Your EMI includes both the principal and the adjusted interest.

    A modern-day business demands dynamism and may need quick investments. A Flexi Term Loan is perfect for such uses.
  • Flexi Hybrid Loan : This is another variant of our business loan that works exactly like the Flexi Term Loan. The only difference is that, for the initial period of the loan, your EMI will only consist of the applicable interest. For the subsequent period, the EMI will consist of the interest and principal components.
  • Term Loan : This is like a regular business loan. You borrow a certain amount of money, which is divided into equated monthly installments that consist of both principal and the applicable interest.

    There is a fee applicable for part-payment as well as foreclosure of your Term Loan before completion of your loan tenure.

Features & Benefits Of Our Business Loan

All you need to know about our Business Loan

  • 3 Unique Variants : Choose the loan type that suits you the best – Term Loan, Flexi Term Loan, Flexi Hybrid Loan.
  • No Part-Prepayment Charge On Flexi Variants : You can prepay a portion of your loan at no extra charges with our Flexi Term Loan and Flexi Hybrid.
  • Loan Of Up To Rs. 50 Lakh : Manage your small or large business expenses with loans ranging from Rs. 50,000 to Rs. 50 lakh.
  • Convenient Tenures Of Up To 8 Years : Get the added flexibility to pay back your loan with repayment options ranging up to 96 months.
  • Money In Your Bank Account In 48 Hours* : In most cases, you will receive the loan amount in your account within 48 hours of approval.
  • No Hidden Charges : All fees and charges are mentioned upfront on this page and in the loan document. We advise you to read these in detail.
  • No Collateral Required : You do not have to worry about providing any collateral or security to get our business loan.
  • End-To-End Online Application Process : You can apply for our business loan from the comfort of wherever you are, at a time convenient for you.

** Terms & conditions apply

Eligibility Criteria & Documents Required

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

Eligibility Criteria

  • Nationality : Indian
  • Age : 24 years to 70 years*
  • Business Vintage : At least 3 years
  • Cibil Score : 685 or Higher
  • Work Status : Self-Employed

Documents Required

  • KYC Documents : Aadhaar/ PAN card/ passport/ voter’s ID
  • Proof of Business Ownership
  • Other Financial Documents

* You should be 70 years or younger at the end of the loan tenure.

Step-By-Step Guide To Applying For A Business Loan

  • Step 1 : Click on the ‘Apply’ button on this page.
  • Step 2 : Enter your 10-digit mobile number and OTP.
  • Step 3 : Fill in the application form with your basic details, such as your full name, PAN, date of birth, and PIN code.
  • Step 4 : Once you enter all your details, please click on ‘Proceed’ to visit the loan selection page.
  • Step 5 : Enter the loan amount that you need. Choose from our three business loan variants – Term, Flexi Term, and Flexi Hybrid.
  • Step 6 : Choose the repayment tenure – you can select tenure options of 12 months to 96 months and click on ‘Proceed’.
  • Step 7 : Complete your KYC and submit your business loan application.

Our representative will guide you on the next steps. The loan amount will be transferred to your bank account upon verification of your documents.

Applicable Fees & Charges

Type Of Fee Applicable Charges
Rate Of Interest (ROI) 9.75% - 30% p.a.
Processing Fees Up to 3.54% of the loan amount (inclusive of applicable taxes).
Bounce Charges In case of default of repayment instrument, Rs. 1,500/- per bounce will be levied.
Document Processing Charges Up to Rs. 2,360/- (inclusive of applicable taxes).
Flexi Fee

Term Loan – Not Applicable

Flexi Term Loan (Flexi Dropline) – Up to Rs. 999/- (inclusive of applicable taxes).

Flexi Variant (As Applicable Below) - A fee will be deducted upfront from the loan amount

  • Up to Rs. 5,999/- (inclusive of applicable taxes) for loan amount less than Rs. 10,00,000/-
  • Up to Rs. 7,999/- (inclusive of applicable taxes) for loan amount from Rs. 10,00,000/- to Rs. 14,99,999/-
  • Up to Rs. 12,999/- (inclusive of applicable taxes) for loan amount from Rs. 15,00,000/- to Rs. 24,99,999/-
  • Up to Rs. 15,999/- (inclusive of applicable taxes) for loan amount of Rs. 25,00,000/- and above

* Loan Amount includes approved loan amount, insurance premium, VAS charges, and documentation charges.
Penal Interest Any delay in payment of monthly installment shall attract penal interest at the rate of 3.50% per month on the monthly installment, from the date of default until the receipt of monthly installment.
Pre-Payment Charges

Full Pre-Payment

  • Term Loan : Up to 4.72% (inclusive of applicable taxes) on the outstanding loan amount as on the date of full prepayment.
  • Flexi Term Loan (Flexi Dropline) : Up to 4.72% (inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as on the date of full prepayment.
  • Flexi Hybrid Loan : Up to 4.72% (inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as on the date of full prepayment.

Part Pre-Payment

  • Up to 4.72% (inclusive of applicable taxes) of the principal amount of Loan prepaid on the date of such part Pre-Payment.
  • Not Applicable for Flexi Term Loan (Flexi Dropline) and Hybrid Flexi.
Stamp Duty Payable as per state laws and deducted upfront from the loan amount.
Mandate Rejection Charges Rs. 450/- per month from the first month of due date for mandate rejected by customer's bank until the new mandate is registered.
Broken Period Interest/Pre-EMI Interest

Broken period interest/ pre-EMI interest shall mean the amount of interest on Loan for the number of day(s) which is(are) charged in two scenarios:

Scenario 1 – More than 30 days from the date of loan disbursal till the first EMI is charged:

In this scenario, broken period interest is recovered by the following methods:

  • For Term Loan : Deducted from the loan disbursement.
  • For Flexi Term Loan : Added to the first installment.
  • For Flexi Hybrid Loan : Added to the first installment.

Scenario 2 – Less than 30 days from the date of loan disbursal till the first EMI is charged:

In this scenario, interest is charged only for the actual number of days since the loan was disbursed.
Annual maintenance charges
  • Term Loan : Not Applicable
  • Flexi Term Loan (Flexi Dropline) : Up to 0.295% (inclusive of applicable taxes) of the total withdrawable amount (as per the repayment schedule) on the date of levy of such charges.
  • Flexi Hybrid Loan : Up to 1.18% (inclusive of applicable taxes) of the total withdrawable amount during initial tenure. Up to 0.295% (inclusive of applicable taxes) of total withdrawable Amount during subsequent tenure.
Switch Fees *
  • Term Loan : Not Applicable
  • Flexi Term Loan (Flexi Dropline) : Up to 0.295% (inclusive of applicable taxes) of the total withdrawable amount (as per the repayment schedule) on the date of levy of such charges.
  • Flexi Hybrid Loan : Up to 1.18% (inclusive of applicable taxes) of the total withdrawable amount during initial tenure. Up to 0.295% (inclusive of applicable taxes) of total withdrawable Amount during subsequent tenure.

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. 50 lakh from Cashdash 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*.

** Terms and conditions apply

Business entities such as proprietary concerns, partnership firms, private limited companies, self-employed professionals, and self-employed non-professionals can apply for a Cashdash Business Loan. All applicants are required to fulfill the eligibility criteria and submit their relevant documents.

You can apply for a business loan if you meet the following Eligibility Criteria :

  • Nationality : Indian
  • Age : 24 years to 70 years*
  • Business Vintage : At least 3 years
  • Cibil Score : 685 or Higher
  • Work Status : Self-Employed

You will need these documents :

  • KYC Documents : Aadhaar/ PAN card/ passport/ voter’s ID
  • Proof of Business Ownership
  • Other Financial Documents

Cashdash considers a CIBIL Score of 685 or above as a good credit score. A strong business turnover and having all your documents in check also reflect positively on your profile.

You can use a business loan to manage your venture’s planned and unplanned expenses, from leasing a larger office premise to renovating your workspace. You have the option to purchase, lease, or repair machinery or upgrade old technology to bring in a more efficient and smoother way of working. Stocking up inventory, purchasing raw materials in bulk, or expanding your operations are some other end-uses of a business loan.

Applying for a business loan from Cashdash Technologies Private Limited. is easy. Start by clicking on the ‘Apply’ button on this page and open the online application form. Enter your basic details and verify your profile with the OTP that you receive on your phone.

Share the basic details of your business and gather your business documents. A representative from Cashdash Technologies Private Limited. will contact you with the next steps. After approval of your loan application, you can get money in your account within 48 hours*.

** Terms & conditions apply

To get a business loan from Cashdash, you must own a business that has been operational for a minimum of 3 years. You are also required to have filed your income tax returns for at least one year.

To get a small business loan from Cashdash, you need to fulfill only basic eligibility criteria. You should be a self-employed individual who is between 24 years and 70 years of age, with a minimum CIBIL Score of 685. Your business should also be at least 3 years old.

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