Connect with us


Steps You Need to Follow to Get Business Loan In India



Business Loan

Entrepreneurship is one of the underappreciated professions as compared to all the traditional professions. Over the years, entrepreneurs have evolved to tackle the constantly challenging environment in and around businesses. One of the recurring challenges while running a business is managing finances. You might need financial support from outside.  

Business Loans in India are one of the popular finance modes opted by entrepreneurs to meet any additional financial requirements. Business Loans are generally offered by lenders such as banks and non-banking financial companies (NBFCs). You can opt for Business Loan either online or by visiting the branch of the chosen lending institution. While applying for a Business Loan, you must keep in mind a few major aspects such as the type of Business Loan, documents required for a Business Loan, eligibility criteria for a Business Loan, etc. 

Types of Business Loan 

Firstly, you must know what kind of Business Loan you need for your business. Below are a few types of Business Loans that you can apply for: 

  • MSME Business Loan 

A Business Loan for MSME is offered to micro, small, and medium businesses that are looking for additional financial help for various purposes such as managing daily expenses, upgrading infrastructure, installing new plants and machinery, etc. 

  • Term Loan 

Entrepreneurs opt for a term loan to meet financial requirements such as setting up a new office, purchasing machinery, etc.  Either you can opt for a short-term loan or long-term loan depending upon the financial requirements. 

  • Working Capital Loan 

Working Capital Loan is used by an entrepreneur to meet working capital requirements. It helps to meet financial issues faced by businesses on day-to-day basis. Generally, a Working Capital Loan is used for paying off any short-term due, paying electricity bills, and other fixed expenses.  

Documents Required for Business Loan 

While applying for a Business Loan in India, ensure that you have all the required documents. You can find the list of documents online on the official website of the lender. Documentation helps lenders in verifying all the information provided while filling out the application form. Also, with documentation, it is easier for lenders to process the loan faster. 

  • KYC documents like the Aadhaar/PAN Card of the company and key person(s).  
  • Current address proof (Passport/Utility bills/Rent Agreement)  
  • Bank statements from the last 3 months  
  • Business registration proof and business address proof   

Eligibility criteria for Business Loan

As a borrower, you need to meet the minimum eligibility criteria to avail of a Business Loan. This helps in filtering out the non-eligible borrowers from the rest. You must fulfill the below-mentioned criteria before applying for a Business Loan. Also, these criteria might differ from lender to lender. 

  • Age – As an applicant, you must be between the age of 24 to 65 years.
  • Business Vintage – The business must have at least 2 years of business vintage 
  • Annual Turnover – The minimum annual turnover required for applying for a business loan is around 6 lakhs.

How to Apply for a Business Loan? 

Today, it is easier than ever to apply for a Business Loan. As a borrower, you can apply from anywhere and anytime with a simple internet connection. There are two popular modes of applying for a Business Loan – online and offline. With online mode, you simply visit the lender’s website and follow the below-mentioned steps. If you are not comfortable with applying for a Business Loan online, you directly visit the lender’s branch and apply offline.

You can apply for Business Loan in India by following the below-mentioned steps:  

Step 1: Visit the official website of the lender and check for Business Loan. 

Step 2: Fill up the Business Loan application form and click on the ‘Apply Now’ button.

Step 3: Enter basic details for KYC and upload the documents required. 

Step 4: Your application will be assessed and verified for approval. 

Step 5: You will receive confirmation from the lender once your loan is approved. 

Step 6: Once the loan is approved, the loan amount will be disbursal. 


To conclude, you must read all the terms and conditions before signing all the documents. This will help you avoid any fraud or unwanted schemes or higher rates of interest. Business Loan in India is one of the popular forms  of credit for businesses catering to different needs and requirements. Hence, it is important that you use Business Loan as and when required as it can lead to an additional financial burden. 

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *


Why Art Of The Zoo Is A Best Source For Business News




Art Of The Zoo tech

Entrepreneurs, executives, and professionals need a reliable source that provides accurate, insightful, and timely information. That’s where Art Of The Zoo comes in. As a leading platform for business news, Art Of The Zoo offers a wide range of benefits that make it the best source for staying informed and making informed business decisions. In this article, we will explore the reasons why Art Of The Zoo is the go-to destination for business news and why it should be your top choice.

The Authority of Art Of The Zoo

Art Of The Zoo has established itself as a trusted authority in the realm of business news. With years of experience and a team of expert journalists, editors, and industry professionals, Art Of The Zoo delivers reliable and high-quality content. The platform has earned a reputation for its accurate reporting, in-depth analysis, and insightful articles that cover a wide range of topics.

Unparalleled Coverage

One of the primary reasons why Art Of The Zoo stands out as the best source for business news is its unparalleled coverage. The platform covers a broad spectrum of industries, including finance, technology, marketing, entrepreneurship, and more. Whether you’re interested in the latest market trends, industry-specific insights, or expert opinions, Art Of The Zoo has it all.

Timely Updates

Keeping up with the fast-paced business world requires real-time information. Art Of The Zoo excels in delivering timely updates to its readers. The platform’s team of dedicated journalists works tirelessly to provide breaking news and updates as they happen. With Art Of The Zoo, you can stay ahead of the curve and make well-informed decisions in your business.

In-Depth Analysis

Art Of The Zoo goes beyond just reporting the news. The platform offers in-depth analysis and expert commentary on various business topics. Whether it’s an examination of market trends, a review of a new product or service, or an exploration of industry challenges, Art Of The Zoo provides valuable insights that help readers gain a deeper understanding of the business landscape.

Expert Contributors

Art Of The Zoo boasts an impressive lineup of expert contributors who bring their wealth of knowledge and experience to the platform. These industry professionals, thought leaders, and subject matter experts provide unique perspectives and valuable advice through their articles and opinion pieces. By reading Art Of The Zoo, you gain access to the wisdom of these accomplished individuals.

Multimedia Content

Art Of The Zoo understands that different people have different preferences when it comes to consuming content. That’s why the platform offers a diverse range of multimedia content, including videos, podcasts, and interactive infographics. This variety enhances the reader experience and ensures that everyone can engage with the content in a way that suits their preferences.

Interactive Features and User Engagement

Art Of The Zoo encourages user engagement and interaction through various interactive features. Readers can leave comments, share articles on social media, and participate in discussions on the platform. This fosters a sense of community and allows readers to connect with like-minded individuals who share their interests in the business world.

Accessible and User-Friendly

Art Of The Zoo understands the importance of accessibility and user-friendliness. The platform is designed to be intuitive and easy to navigate, ensuring that readers can quickly find the information they need. Whether you’re a seasoned business professional or a newcomer to the industry, Art Of The Zoo caters to all levels of expertise.

SEO-Friendly Content

Art Of The Zoo takes search engine optimization (SEO) seriously, ensuring that its content is optimized for maximum visibility and reach. By employing SEO best practices, the platform ensures that its articles rank highly in search engine results, making it easier for readers to find the information they’re looking for.

Frequently Asked Questions

Q: Is Art Of The Zoo a reliable source for business news?

A: Absolutely! Art Of The Zoo has built a strong reputation for its accuracy, reliability, and high-quality reporting. The platform is trusted by industry professionals and has a track record of delivering reliable business news.

Q: Can I trust the analysis and opinions provided on Art Of The Zoo?

A: Yes, you can. Art Of The Zoo boasts a team of expert contributors who offer insightful analysis and valuable opinions. These professionals have years of experience in their respective fields and bring a wealth of knowledge to the platform.

Q: How often is Art Of The Zoo updated with new content?

A: Art Of The Zoo is updated regularly with fresh content. The platform’s team of journalists and contributors work diligently to bring you the latest news, trends, and insights in the business world.

Q: Can I engage with other readers on Art Of The Zoo?

A: Absolutely! Art Of The Zoo encourages user engagement and interaction. You can leave comments on articles, share them on social media, and participate in discussions with other readers on the platform.

Q: Does Art Of The Zoo offer a mobile app?

A: Yes, Art Of The Zoo has a mobile app available for both iOS and Android devices. The app allows you to access the platform’s content on the go, ensuring that you never miss out on important business news.

Q: Is Art Of The Zoo free to access?

A: Yes, Art Of The Zoo offers free access to its content. However, the platform also offers premium subscriptions that provide additional benefits and exclusive features for those seeking a more in-depth experience.


When it comes to staying informed and making informed business decisions, Art Of The Zoo is the best source for business news. With its authority, unparalleled coverage, timely updates, in-depth analysis, expert contributors, and user-friendly platform, Art Of The Zoo offers everything you need to thrive in the fast-paced business world. Trust Art Of The Zoo to provide accurate, insightful, and reliable information that will keep you ahead of the competition.

Continue Reading


Why Should You Prefer To Hire Interior Designing Experts?



Any expert in the form of an interior designer will definitely make the optimum use of space and helps in creating a very well-designed home which will reflect the taste and lifestyle of the homeowner. So, at this point in time, availing the services of the interior designing company in India is a good idea for individuals so that everyone will be able to get the interiors done by the experts and everything will be very well balanced. Following are some of the basic reasons for hiring the experts:

Ensuring good management of the space

Experts from the house of Interior Designing Company will be specializing in terms of planning of space and ultimately will be able to maximize it to improve the functionality of the home. In this case, everyone will be able to carry out the design very successfully and further will be able to focus on the furniture layout so that maximum natural light will be there and everything will be carried out in a very clutter-free manner.


Experts from the house of Interior Designing Company will definitely be at the forefront in terms of coordinating things and help in providing people with good command over the supervision of the process. Such exports will definitely be coordinated between the multiple family members of the home so that individual requirements of the people will be incorporated in the design, and technical knowledge will be helpful in furnishing the details very successfully.

Beautification of the space

Experts from the house of Interior Designing Company will have professional knowledge in terms of improving the aesthetics and ultimately help in improving the overall decoration of the home. All of these options will be helpful in providing people with a creative thinking process so that everyone will be able to deal with the choice of colors and further will be able to focus on the layout without any problem. Everyone over here will be working as a guide and further will be able to deal with multiple materials so that a cohesive look will be easily achieved. The experts will be very much helpful to the homeowner in terms of achieving the desired look so that things will be sorted out and will be undertaken under budget constraints.

Helpful in saving money

Hiring professionals in this particular case will be helpful in providing people with the best level of support because everything will be working in the right direction without any wastage. This will also be helpful in saving a good amount of money, and further people will be able to avoid costly designing mistakes. Rectification of any mistake in the site will result in extra expenses and wastage of time which has to be easily avoided by the experts.

Hence, any kind of interior design expert will definitely be at the forefront in providing people with good insights into contemporary interior design so that people will be able to enjoy a successful project completion in a very straightforward and well-planned manner.

Continue Reading


Life Insurance for the Over 50s: A Guide to Securing Your Assets and Protecting Your Family




Priorities shift as you reach 50. You’re now more concerned about retirement, health and family future. Additionally, life insurance should become an increasing focus. With proper protection in place and debts covered if unexpected events arise, life insurance policies designed for people over 50 provide peace of mind to you and your loved ones in case anything unforeseen should happen. Let’s outline different life policies available so you can make an informed decision when purchasing life coverage for yourself or someone you care for.

Why You Need Life Insurance in Your 50s 

At this point, even though you might have more savings and investments than ever, liabilities might still exist; you could owe mortgage payments, loans or debts, and children or aging parents who rely on you financially; in such a scenario, life insurance could provide vital financial support and stability to those left behind if there was ever an untimely death in the family. Those are only a few reasons you should invest in life insurance for those over 50.

Life Insurance Coverage for People Over 50

There are two primary forms of life insurance policies, term life and permanent life.

Term life insurance provides coverage for an initial set period, usually 10-30 years. This option may be the ideal way to meet specific debts or obligations that you need to meet, like paying your mortgage or your child’s education costs. These policies tend to be cheaper than permanent life policies but won’t accumulate cash value over time.

What is Permanent Life Insurance? 

Permanent life insurance provides coverage throughout your entire lifetime while building cash value over time. There are two main forms of permanent life policies – whole life and universal – with each providing fixed premium payments and death benefits at guaranteed rates while building cash value over time at different rates depending on market rates.

Finding the Best Life Insurance Policy

When selecting the appropriate life insurance policy for yourself, several factors need to be taken into consideration. 

  • Financial obligations and coverage. First and foremost is your financial obligations and how long coverage needs may last – for instance, if you are paying off loans in 10-20 years with a mortgage, term life might be sufficient, while for longer-term protection with cash value components, permanent policies may provide better coverage options.
  • Budget. Another key consideration should be your budget. Term life policies tend to be more affordable; permanent life policies offer long-term advantages that might require greater sacrifice on your part. 
  • Expert advice. Consider consulting a financial advisor or insurance agent, as they can guide you through various policy options to find one that suits both your budget and needs.

Investing in life insurance policies when you reach 50 is a wise move that can protect the financial well-being of both you and your loved ones. By exploring various policy types available and consulting an expert to find a policy tailored specifically to your needs, you can rest easy knowing that any unexpected events will be handled smoothly by those left behind. So, take some time to carefully consider your options before making the right choice for the future.

Continue Reading