List of Banks & NBFC offering Business Loan
While most banks and NBFC offer business loan in India, it is still difficult for entrepreneurs to get access to capital. Most banks and NBFC in India demand that the business be registered for minimum 3 years. However, most entrepreneurs need funding within the first 3 years to buy inventory or stock or hire good people. But banks and NBFCs do not understand this. They say that they have “bank policy” and therefore cannot lend to entrepreneurs and businessmen before 3 years business vintage. Without access to capital and debt funding, it becomes very difficult for Indian startups and businesses to survive and grow. At FinanceBazaar, we are working with various banks and NBFC to open their minds towards funding and supporting new startups. We are trying hard to convince banks and NBFC that funding new businesses may lead to great profits for them if even few of them succeed.
Some of the most reputed NBFC in India are:
- Bajaj Finance
- Bajaj Finserv
- LIC Housing Finance
- Dewan Housing Finance (DHFL)
- Aditya Birla Finance
- Mahindra Finance
- CanFin Homes
- India Infoline (IIFL)
- TATA Capital
- Capital First
Complete list of NBFC present in India is available in the RBI website
Majority of the Banks and NBFCs offer Business Loans either unsecured or secured. Banks and NBFC also disburse Business Loan Against Property (LAP) and other collateral like Home or Plot or Commercial/Industrial Land. Finance Bazaar prefers to facilitate unsecured loans to entrepreneurs and businesses, rather than secured loan. We understand that many new first generation entrepreneurs do not have access to security or collateral like land, building or property.
FinanceBazaar offers Business Loan from All Banks and NBFCs. If you are interested in availing business loan, then it will just take 1 minute to apply. Just fill the form at Finance Bazaar Business Loan Portal.