Business Loan
Funds to take care of your business needs
Designed specifically for small and medium enterprises (SMEs), Jessica Fincorp's Quick Business Loan empowers entrepreneurs to achieve their goals seamlessly. Whether you're starting a new venture, expanding operations, or managing everyday expenses, this loan is the perfect solution. With loan amounts ranging from ₹2 Lakhs to ₹70 Lakhs, you can get the funds directly into your bank account without hassle. All you need is your PAN card, Aadhaar card, and business or income proof to apply. Choose a repayment tenure that aligns with your cash flow, from 24 to 60 months, and enjoy the flexibility to grow your business your way.
Collateral-Free
Access funds without the need for collateral or security deposits.
Quick Disbursal
Get funds directly in your bank account within a short time upon approval.
Hassle-Free Documentation
A streamlined application process with minimal paperwork.
Competitive Interest Rates
Rates tailored to your profile and loan amount, ranging from 16% to 29.95%.
Flexible Loan Amounts
Choose an amount from ₹2 Lakh to ₹70 Lakhs that aligns with your business needs.
Apply Anytime
Available 24x7 — apply for a loan anytime, anywhere, at your convenience.
Flexible Tenure
Select a repayment tenure from 24 to 60 months that matches your business cycle.
Eligibility Criteria
- Age: 21 years at the time of loan application and 65 years at the time of loan maturity (may vary across lenders)
- Minimum Business Vintage: 3 years (may be 5 years for some lenders)
- Minimum Business Turnover: ₹50 Lakhs to more than ₹250 crore
- Credit Score: 700 or above (some lenders may offer business loans to applicants with a lower credit score)
- Minimum Income: ₹3.5 lakh per annum
- Eligible Entities: MSMEs, Proprietors, LLPs, Private Limited Companies, self-employed individuals and professionals (doctors, CA, CS, architects, etc.)
Documents Required
- ID Proof: Aadhar Card, Passport, Voter ID, or Driving License
- Address Proof: Telephone or electricity bill
- Ownership proof of residence or office
- Business continuity proof
- Business registration proof
- Bank statement for the last 12 months
- Latest ITR along with income computation, balance sheet and P&L account for the last 2 years, certified by a CA