Business Loan for Self Employed Overview
Business loan for New Business
It’s a great way to secure your finance and increase working capital and ensure that the business does not get affected due to lack of funds.
Scale of Business
Our Business Loan is designed to serve any size of business. We have Business Loan for women, entrepreneurs and aspiring business owners.
Secured Business loan
A loan backed by collateral such as property or other assets.
Unsecured business loan
A loan without collateral or with collateral, provided based on business profile and credit history.
Benefits & Features
Pre-approved Offers
As an existing customer of Nitstone Finserv, you will be eligible to get exclusive pre-approved offers for Business Loan from us.
Online Account Access
Once you’ve availed a business loan for self-employed from Nitstone Finserv, you can get all information about your Business Loan like payment schedule, interest certificate, repayment track and key information related to your loans through our digital customer portal.
Nitstone Finserv Offers up to Rs.25 Lakh Loan to Start A New Business
You can apply for a Business Loan online from Nitstone Finserv up to Rs.25 lakh and repay it at your ease by opting for tenures ranging from 24 months to 60 months. You can also use the Business Loan EMI calculator to know how much EMI you will have to pay for your Business Loan.
Eligibility & Documents
Eligibility & Documents
You may be eligible for a business loan if you are:
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A Proprietor, Partnership, Private Limited, or Limited company
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A Self-Employed Professional (doctor, CA, architect, etc.)
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A Self-Employed Non-Professional (trader, manufacturer, etc.)
Required documents include:
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Duly filled application form
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KYC documents of the applicant & co-applicant
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Recent bank statements (last 3 months)
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Income proof (ITR, Balance Sheet, P&L statement for past 2 years)
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Business continuity proof (minimum 5 years preferred)
How to Apply
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Click Apply Now and fill in the application form.
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Our team will review your details and conduct an eligibility check.
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A representative will contact you to obtain the necessary documentation.
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Upon approval, the sanctioned loan amount will be disbursed to your account.
Note: Loan approval and disbursal are subject to eligibility, document verification, and company policies.
Ready to Apply
Apply NowHow to Apply
Step 1
Click on Apply to go to our online form. Fill in detail and submit the form.
Step 2
Get an instant approval. Select your required loan amount and tenure.
Step 3
Our representative will get in touch to collect your documents.
Step 4
Amount will be credited to your account.
Fees & Charges
| Charges applicable | |
|---|---|
| Rate of Interest |
16% – 25% (annualised) |
| Processing fees | 2% of the loan amount (deducted at disbursal) |
| EMI bounce charges | ₹100 per bounce + GST |
| Foreclosure Charges |
Below 6 months, 2% on loan outstanding / more than 6 months |
| Part Payment Charges | 2% plus applicable taxes on prepayment amount (if greater than 1 EMI) |
*Note:-
- Loans are subject to eligibility, document verification, credit assessment, and company policies.
- Terms, conditions, and charges apply.
- Nitstone Finserv reserves the right to approve or decline applications.