A Leading Technology Platform for small business lending. 25+ Lenders, 100+ Products. 1 Lakh - 15 Crore MSME Loans.
Your Business is precious. It deserves the best business loan. Get hassle-free business financing online in just 3 simple steps.
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Minimum Business Loan Requirements
Your business needs to have been registered for at least 2 years and you must be able to provide business registration proof.
You should not have any defaults or delays on your existing EMIs.
You must be at least 21 years old.
We Enable an Online Business Loans for You in Three Simple Steps:
What Type of Business Funding is Best for Me?
We help SMEs find the right business financing online, whatever your business loan requirements, wherever you are in your journey.
Unsecured Business Loan
An Unsecured Loan for your business is a great finance option for small businesses that don’t own many assets or for a company that's growing fast and needs business funding quickly. Our proprietary platform checks your business loan eligibility and matches your small business lending requirements with the right lender for your business in no time. When you apply for an online business loan using CreditEnable, we speed up the MSME loan process and even fill you in on all the MSME loan details you need to know when applying for business financing online.
Loan Amount
Borrow 1 Lakh to 75 Lakh
Repayment period
12 months to 36 months
Terms
Interest rates starting at 14%
Minimum annual turnover required - 12 Lakh
Benefits
No need to have any security or assets
Less documentation requirement
Quick to arrange
Simple loan process
Machinery Loan
Investment in machinery is integral to any business’ long-term success. CreditEnable’s lender partners offer machinery loans that allow you to get funds to purchase new plant, machinery or equipment, or upgrade your existing ones. A machinery loan can help you scale your business to new heights by investing in the growth and profitability of your operations.
Loan Amount
Borrow from 15 Lakhs up to 3 Crores
Repayment period
Repayment period of 12 months to 10 years
Terms
Interest rates starting at 10%
Benefits
You can buy critical machinery or equipment when you need it and pay for it over a period of time
Once the loan is paid in full, you own the equipment free of any lien.
Secured Working Capital Loan
Loans are not just for long-term or capital requirements. SMEs may face cash flow crunches that hinder their everyday operations. An inability to pay recurring expenses like rent, wages, EMIs or service accounts payables can put a strain on the business. CreditEnable’s lender partners secured working capital loans provide you the funding support to keep operations running smoothly even during a low revenue period.
Loan Amount
Borrow from 15 Lakh up to 15 Crore
Repayment period
Varied repayment periods depending on business needs and business financial position
Terms
Customized interest rates starting from 8%+
Benefits
You can streamline your cash flows during a lean business phase with immediate funds
You do not have to sell assets to meet operational expenses
Your business ownership will not get diluted because there is no need to sell a stake to get funding
Secured Term Loan
For an SME that has access to assets that can work as security for a loan, a secured term loan is a practical alternative to unsecured loans. When you pledge collateral for a loan, you can get access to a higher loan amount as well as an attractive tenure. The interest rate for a secured term loan for business is lower compared to loans that are collateral-free.
If you are a manufacturer, trader or an online or offline retailer with assets to pledge, a secured term loan could be the right business loan choice for you.
Loan Amount
Borrow from 15 Lakh up to 15 Crore
Repayment period
Up to 20 years
Terms
Customized interest rates starting from 9%+
Benefits
Longer repayment terms than unsecured loans
Lower interest rates
Larger loan sizes
Loan Against Property
When an SME business owner has a valuable personal or business property in their name, it can be used as collateral to help secure a loan. Loan against property can be used to meet your business financing needs by pledging your property papers as security. The loan can be used to meet long-term funding needs, expansion plans, buy new property and equipment or to refinance existing loans. CreditEnable’s lender partners LAP options are flexible, easy and quick to secure.
Loan Amount
Loan of up to 70% of the value of your property.
Repayment period
Up to 15 years
Terms
Customized interest rates starting from 9.5%+
Benefits
Cost effective loans
Easy to secure
Longer repayment terms than most other loans.
Documents You Will Need to Get Your Business Loan
Depending on the size of your financial loan and the type of business you own, the documents required by lenders will be different. We've put together a handy guide below. Just select your MSME loan size and type of business below and you'll find everything you need to know to get your business financing online.
Personal KYC
Business KYC
Bank Statements/Financials
Residential Address Proof
Sole-proprietorship or a partnership firm:
- Individual PAN Card
- Individual Aadhaar Card
- For GST registered companies- GST Registration Certificate(mandatory)
- If Not GST reg-Provide any Trade or Business Registration certificate (Business vintage and place of business) e.g. Shop and Establishment License, Trade License, Labour License
- Business PAN Card other than sole prop.
- Last 12 months business Bank Statements for all bank accounts (Current,Saving,CC/OD)
- Individual PAN Card
- Individual Aadhaar Card
- GST Registration Certificate (mandatory) & YTD GST returns for last 12 months
- Business PAN Card other than sole prop.
- Last 12 months business Bank Statements for all bank accounts (Current,Saving,CC/OD)
- Last 2-years ITR Acknowledgement & Computation of Income
- Last 2-years financials (Balance Sheet, P&L and notes to accounts) that have been certified by a CA
If you are an MCA registered company:
- All Directors PAN Card
- All Directors Aadhaar Card
- For GST registered companies- GST Registration Certificate(mandatory)
- If Not GST reg-Provide any Trade or Business Registration certificate (Business vintage and place of business) e.g. Shop and Est Lic, Trade Lice, Labour Lic
- Company PAN Card
- Certificate of Incorporation
- Memorandum of Association (MOA) and Article of Association (AOA)
- Latest shareholding pattern on company letterhead
- Last 12 months business Bank Statements for all bank accounts (Current,Saving,CC/OD)
- All Directors PAN Card
- All Directors Aadhaar Card
- For GST registered companies- GST Registration Certificate(mandatory)
- Company PAN Card
- Certificate of Incorporation
- Memorandum of Association (MOA) and Article of Association (AOA)
- Latest shareholding pattern on company letterhead
- Last 12 months business Bank Statements for all bank accounts (Current,Saving,CC/OD)
- Last 2-years ITR Acknowledgement & Computation of Income
- Last 2-years audited financials (Balance Sheet, P&L and notes to accounts)
Borrowers We Enabled
Sachin Patil
American Ferto
Manufacturer of Fertilizer - Sole Proprietor
CreditEnable helped me get the perfect business financial loan in record time. My business is growing fast, and I wanted a loan that I could pay back later so that my cash flow didn’t get impacted. The online business loan they enabled was so easy to get! Their lender-matching tech is so good that one of their partner lenders said yes to me the next day and cash was in my account that week. No hassle, No Comparing. CreditEnable is amazing!
Harikesh Tripati
Bombay Transport Corp. (BTC)
Transportation of Goods - Sole Proprietor
At first, I didn't believe in CreditEnable and tried to go out on my own for months. Their online business loan service sounded too good to be true. But after applying to multiple lenders, no one was lending credit to me. So, I finally decided to try CreditEnable, and thank God I did! They helped me get an MSME loan that perfectly matched my business needs within days! They are truly making small business lending hassle-free and affordable!
Bishnudev Singh
Sunitha Machining Works
I give CreditEnable 5 stars! Their team was responsive, helpful, and knowledgeable! They patiently walked me through the MSME loan details, so I fully understood the credit underwriting process and the documents I needed to get my business funding. After helping me prepare my application, they promptly got me the right financial loan to purchase the raw materials I needed to fulfil my contracts on time. Thank you, CreditEnable!
Rajesh NG
Advanced Materials
CEO
Their process is simple, fast and transparent! The CreditEnable Team is great and keeps good relationships with their lenders. They helped me get the right business loan to sustain operations during the lockdown.
Lokesh Mani
Cargo Crane Links
I liked the service of CreditEnable. It saved me so much time, and my loan was disbursed quickly! This loan will help me purchase raw materials essential to run my business. Thank you!
Sonam Choudhary
Glossaread Technologies Pvt. Ltd.
Co-Founder
This loan enabled by CreditEnable will help us expand to South India! I really liked their TAT, and they regularly followed up on my application. Great service!
Our Promise.
We always tell you the truth. If you're not ready for the business loan you want, we'll let you know upfront and save you the time and hassle of applying for financial loans you won't get.
We help you understand how to improve your attractiveness to lenders and give you concrete steps you can take to improve your creditworthiness. When you're ready, we help you get the right business loan, from the right lender, on the right terms, at the right time.
Get hassle-free business overdraft and business funding in just 2-3 days from one of India's leading SME credit technology platforms.