Why choose us
Why Choose an Online Business Loan in 2026?
Get a business loan online from Bikesh Finserv, collateral-free funding up to Rs. 50 lakh, and an interest rate from 9.97% with fast approval for MSMEs & the self-employed.
What Is a Business Loan?
Business loans are designed to help self-employed individuals, MSMEs, startups, proprietorships, partnership firms, and private limited companies meet their working capital needs, fund expansion, purchase equipment, or manage day-to-day operations. In India, business loans are offered by banks and NBFCs (non-banking financial companies) either as secured loans (backed by collateral) or unsecured loans (collateral-free). The loan amount, interest rate, and tenure vary based on your business profile, turnover, credit score, and the lender's policies.
At Bikesh Finserv, we act as a trusted loan intermediary, connecting you with the best RBI-regulated banks and NBFCs so that you can get the best business loan offer with minimal documentation and fast disbursement.
Benefits and features of business loans at Bikesh Finserv
- Loan Amount from ₹5 Lakh to ₹50 Lakh: Whether you need a 5 lakh business loan for working capital or a 50 lakh business loan for expansion, we have options for every need.
- Interest Rate Starting from 9.97% p.a.: Access competitive business loan interest rates through our network of 15+ bank and NBFC partners.
- Collateral-Free Options Available: Apply for an unsecured business loan or business loan without security with no need to pledge assets.
- Fast Loan Approval in 24–72 Hours: Our optimized process ensures quick business loan approval so you never miss a growth opportunity.
- Flexible Repayment Tenure: Choose a tenure between 12 and 60 months to suit your cash flow.
- Minimal Documentation: Basic KYC, business proof, and financial documents are all you need.
- Multiple Loan Types: working capital loan, business term loan, instant business loan so that you can access them all.
- Transparent Process: zero hidden charges, clear fee structure, and best guidance at every step.
- Dedicated Loan Advisor: Our team in Mumbai helps you compare offers and choose the best business loan from an NBFC or bank.
How to Apply for a Business Loan online at Bikesh Finserv
Applying for a business loan online with Bikesh Finserv is simple and completely digital. Follow these four steps:
- CHECK YOUR ELIGIBILITY: Share basic details: business type, annual turnover, and CIBIL score.
- UPLOAD DOCUMENTS: Submit digital copies of KYC documents, business proof, and financial statements
- VERIFICATION: Our team verifies your details and matches you with the best lender from our partner network.
- APPROVAL & DISBURSAL: Loan is approved and funds are credited to your account within 24 to 72 hours of final documentation.
Why Choose Bikesh Finserv for Your Business Loan?
With hundreds of lenders and offers available in the market today, choosing the right business finance partner matters. Here is why you should trust our organization.
Types of Business Loan Available at Bikesh Finserv
Depending on your business need, you can choose from the following types of business loans:
- Working Capital Loan: A working capital loan helps businesses to manage their day-to-day operational expenses, such as buying inventory and paying salaries; it is more ideal for traders, retailers, and manufacturers.
- Business Term Loan: A business term loan provides a lump-sum amount repaid over a fixed tenure through EMIs. It is best suited for planned business investments such as buying machinery, renovating office space, or expanding operations.
- Instant Business Loan: An instant business loan offers fast approval and quick disbursal, which is often within 24 hours. It is designed for businesses that need urgent funds without a lengthy documentation process.
- Small Business Loan: A small business loan caters to micro and small enterprises that need smaller loan amounts (₹5 lakh to ₹25 lakh) to sustain or grow their business. Suitable for small traders, retailers, and service providers.
- Unsecured Business Loan: An unsecured business loan (also called a collateral-free business loan or business loan without security) does not require you to pledge any asset. It is the most popular type of business loan among MSMEs and self-employed professionals.
- MSME Loan: An MSME loan is specially designed for micro, small, and medium enterprises registered under the Udyam Registration portal. It often comes with preferential interest rates and government-backed credit guarantee schemes.
Business Loan Categories — SEP vs SENP
Banks and NBFCs classify business loan applicants into two main categories. Your category determines your interest rate, eligible loan amount, and documentation requirement.
Comparison Between Unsecured Business Loan (USBL) and Secured Business Loan (SBL)
Whenever you apply, it is very important for you to understand the difference between an unsecured business loan and a secured business loan so you can choose the right product for you.
How to Calculate Business Loan EMI
Your business loan EMI (Equated Monthly Installment) is calculated using the standard balance formula:
EMI = [P × r × (1 + r)^n] / [(1 + r)^n − 1]
Where:
- P = Principal loan amount
- r = Monthly interest rate
- n = Loan tenure in months
Example Calculation:
Suppose someone takes a loan amount of ₹1,000,000 with an interest rate of 14% p.a. With a tenure of 36 months
- Monthly rate (r) = 14 ÷ 12 / 100 = 0.01167
- EMI = [1,000,000 × 0.01167 × (1.01167)^36] / [(1.01167)^36 – 1]
- Approximate Monthly EMI = ₹34,178
- Total Payable = ₹12,30,408 and the Total Interest = ₹2,30,408
Use our Business Loan EMI Calculator to calculate your EMI instantly without manual computation.
Who Can Apply for a Business Loan
Applicants who are eligible to apply for a business loan through Bikesh Finserv:
- Self-employed professionals, doctors, CAs, engineers, lawyers
- Sole proprietors / proprietorship firms
- Partnership firms
- Private limited companies (Pvt. Ltd.)
- Micro, Small, and Medium Enterprises (MSMEs) registered under Udyam
- Traders, retailers, manufacturers, and service providers
We at Bikesh Finserv offer business loans for all these entities through our partner banks and NBFCs across Mumbai.
Business Loan Eligibility Criteria
If you are applying for a business loan, you must meet the following criteria:
Business loan interest rates in Mumbai
The interest rate on your business loan depends on the lender, your CIBIL score, business turnover, and industry type. Here is a current comparison:
NOTE: Interest rates are indicative and subject to change. Contact Bikesh Finserv for current rates.
Unlike most intermediaries, Bikesh Finserv offers Up to 100% cashback on processing fees which saves you thousands upfront.
Factors That Improve Your Loan Eligibility
- Business turnover: Higher annual turnover improves approval chances and eligible loan amount
- GST registration: Active GST registration strengthens your business loan application
- Bank statement health: Consistent credits and no bounced cheques improve lender confidence
- Clean credit history: No missed EMIs or defaults helps you get better business loan rates
Business Loan for MSMEs and Startups
MSMEs, startups, and small business owners can apply for business loans with proper turnover proof and business documentation.
How to Strengthen Your Business Loan Application
- Show consistent turnover: Submit GST returns and ITR for the last 2 years showing stable or growing revenue
- Maintain a Good CIBIL Score: 650+ is the minimum, and 750+ to get better rates
- Maintain a Clean Bank Statement: Avoid frequent overdrafts, bounced cheques, or large unexplained credits
- Apply Through an NBFC: NBFCs are more flexible than banks for MSME and startup borrowers
Business loan for low credit score: Is it possible?
Yes! Many NBFCs offer business loans for applicants with lower credit scores. At Bikesh Finserv, we evaluate your business performance and help you get quick approval from top banks and NBFCs with minimum documentation.
Options for Borrowers with Low CIBIL Score
- Apply via NBFCs: NBFCs often approve business loans for applicants with scores between 600 and 700
- Show Strong Turnover: Healthy business revenue can compensate for a lower credit score
- Add a Co-Applicant: Adding a partner or director with a higher CIBIL score improves approval chances
- Offer Collateral: Secured business loans against property or equipment improve approval odds
How to Improve Your CIBIL Score Before Applying
- 1.Pay all credit card bills and EMIs on time to improve your creditworthiness.
- 2.Do not apply for multiple loans simultaneously — it adversely affects your CIBIL score.
- 3.Check your credit report for errors at CIBIL.com and correct any inaccuracies.
- 4.Maintain a mix of secured and unsecured credit for a stronger business profile.
Documents Required for Business Loan
These are the usually mandatory documents:
KYC Documents
- PAN Card (of business owner / directors)
- Aadhaar Card
- Passport-size photographs
Business Proof
- GST Registration Certificate
- Trade License / Shop Act License
- Certificate of Incorporation (e.g., Pvt. Ltd.)
- Partnership Deed (for partnership firms)
Financial Documents
- Last 2 years’ Income Tax Returns (ITR) with computation
- Audited Balance Sheet and Profit & Loss Statement (last 2 years)
- Last 12 months’ bank statements (primary current account)
Address Proof (Business & Residential)
- Electricity bill of office / shop
- Registered Rent Agreement
- Property tax receipt
For Self-Employed Professionals (SEP) Only
- Valid professional degree certificate (B.tech, CA certificate, etc.)
- Certificate of Practice (CoP)
Things you should Know Before Applying for a Business Loan
- Your CIBIL score matters: A score of 750+ gives you access to the best business loan interest rates.
- Business period is important: Most banks require at least 3 years. But in case your business is new, contact NBFCs
- Turnover determines loan amount: Most lenders offer 15%–30% of your annual turnover as the loan amount.
- Avoid applying for simultaneous applications: Applying to many lenders at once creates multiple hard inquiries on your credit report. It will lower the chance of your approval
- Read terms and conditions carefully: Before signing, check the interest rate, processing fee, prepayment terms, and repayment schedule.
How to Improve Your Business Loan Approval Chances
- Maintain a CIBIL Score of 750 or Above: always Pay existing EMIs and credit card dues on time. Avoid defaults and settlements.
- Always file your ITR: Regular ITR filing for at least 2 years shows stable income and makes your chance higher.
- Maintain a Healthy Bank Account: Avoid check bounces. Maintain a steady average balance and show regular business transactions.
Personal loan vs. business loan: which you should choose
Here i am giving you a proper table, where you can determine which is good for you
Business Loan for MSMEs — Government Schemes You Should Know
The Government of India has launched several schemes to support MSMEs with affordable credit.
- 1.
CGTMSE, Credit Guarantee Fund Trust for Micro and Small Enterprises
Under this scheme, micro and small enterprises can avail themselves of collateral-free loans up to ₹2 crore (extendable to ₹5 crore for select sectors). The trust provides a credit guarantee to lending institutions, which reduces the risk for banks and NBFCs and makes it easier for MSMEs to access funding. (Source: Ministry of MSME, Government of India)
- 2.
MUDRA Loan (PM SVANidhi / Pradhan Mantri MUDRA Yojana)
MUDRA loans are offered in three categories, i.e., Shishu (up to ₹50,000), Kishore (₹50,001 to ₹5 lakh), and Tarun (₹5 lakh to ₹10 lakh). These are specifically designed for non-corporate, non-farm small and micro enterprises, including small business owners, traders, and artisans. (Source: MUDRA, mudra.org.in)
- 3.
Stand-Up India Scheme
This scheme facilitates bank loans between ₹10 Lakh and ₹1 Crore to at least one SC/ST borrower and at least one woman borrower per bank branch for setting up a greenfield enterprise in manufacturing, services, or trade. (Source: Stand-Up India, standupmitra.in)
