Business Loan in Chennai – Quick Approval & Low Interest Rates

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Overview
Features & Benefits
Bank Offers
Highlights
Eligibility
Required Documents
Types of Loans
EMI Calculator
Tips to Improve
How to Apply
FAQ
Customers Served icon

10 Lacs+

Customers Served

Google Reviews icon

4.7/5

Google Reviews

Pincodes Serving icon

10,000+

Pincodes Serving

Loans Disbursed icon

2000 Cr+

Loans Disbursed

If you are planning to apply for a Business Loan in Chennai, LoansJagat helps you explore suitable options across 20+ banks and NBFCs. Chennai’s diverse business sectors often require customized funding solutions, and comparing offers is important before choosing. The platform uses a paperless, technology-driven process with one common form for all loan types. Free expert assistance ensures clear understanding of lender terms, helping you make better financial decisions.

Features & Benefits of Business Loan in Chennai

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compare Offers from Multiple Lenders

Small businesses and emerging enterprises can check eligibility easily using one common form, reducing the complexity of applying with multiple lenders separately.

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No Office Visit Required

The digital-first process removes the need to visit bank branches for initial processing, saving time and allowing business owners to focus on operations.

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Balance Transfer & Top-Up Facility

LoansJagat helps businesses explore balance transfer options to shift existing loans to better terms, along with top-up facilities if additional funds are required.

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Overdraft & Cash Credit Options

For businesses needing flexible access to funds, LoansJagat also enables comparison of overdraft and cash credit facilities from partner lenders.

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Transparent Fees & Charges

All applicable lender charges are clearly communicated during the process. LoansJagat follows a transparent approach with no hidden platform fees.

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Flexible EMI Options

Businesses can compare EMI structures across lenders to choose repayment options that suit their monthly cash flow and financial planning.

Business Loan in Chennai Highlights

Interest Rate14.99%* p.a. onwards
Tenure12 – 60 months
Loan Amountup to ₹50 Lakh
Loan Processing FeesUp to 3% plus applicable taxes
Hidden ChargesNA
Stamp DutyAt actuals (as per state)
Prepayment/Foreclosure ChargesBanks Specific

Eligibility Criteria for Business Loan in Chennai

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Minimum 2 years business existence

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Credit score: 700 or above

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One ownership is mandatory (residence or office)

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23 to 60 years

Required Documents for Business Loan in Chennai

Identity Proof

Identity Proof

  • CheckPAN Card (Mandatory)
  • CheckAadhaar Card (Mandatory)
  • CheckVoter ID
  • CheckPassport
  • CheckDriving License
Address Proof

Address Proof

  • CheckAadhaar Card
  • CheckPiped Gas Bill
  • CheckElectricity Bill
Other Docs

Other Docs

  • CheckCurrent account bank statement (Last 1 year)
  • CheckIncome tax returns (Last 2 years)
  • CheckProof of office address
  • CheckProof of business existence
  • CheckGST registration certificate
  • CheckProof of residence or office ownership

Different Types of Business Loan in Chennai

Business Loans for Startups

If you have a business idea and a clear plan but limited capital, startup business loans can help cover early-stage costs and support business launch activities.

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Business Loans for MSEs

Micro and small enterprises looking to expand operations can explore MSE business loans to support growth, improve productivity, and strengthen overall business stability.

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Business Loan for Entrepreneurs

Planning to start a new business or grow an early-stage venture but facing a fund shortage? A business loan can help you manage initial expenses, marketing, and customer acquisition without slowing down your plans.

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Business Loan for Working Capital

Running short of funds for daily operations? A working capital business loan helps manage expenses like inventory, salaries, and vendor payments, keeping your business operations smooth and uninterrupted.

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Business Loan for Expansion

Thinking of opening another branch, warehouse, factory, or franchise? A business expansion loan supports growth plans so you can scale operations without worrying about immediate funding gaps.

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Business Loan for Debt Consolidation

Managing multiple business loans and EMIs can be stressful. With a debt consolidation loan, you can combine existing dues into a single EMI and simplify repayment management.

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Business Loan for Overdraft Needs

An overdraft facility gives you access to emergency funds even when your account balance is low. You pay interest only on the amount used, making it a flexible option for short-term needs.

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Business Loans Against Property

If you own a residential or commercial property, you can use it as collateral to access higher business loan amounts, often up to ₹2 crore, at competitive terms.

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Business Loan for Cash Credit

Businesses with stable income and good credit history can opt for cash credit facilities. This short-term funding helps meet immediate requirements while maintaining financial flexibility.

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Business Loans without Collateral

Don’t want to pledge assets for funding? Unsecured business loans allow you to access capital without providing physical security, subject to eligibility and lender criteria.

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Business Loan for Projects

Planning infrastructure upgrades, machinery purchase, or manufacturing improvements? A project-focused business loan helps fund long-term development and operational enhancements.

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Business Loan EMI Calculator

₹

One Lakh

Min ₹100000Max ₹99 L
%
Min 9.99%Max 30%
Min 1 yearMax 7 years
Apply Now
Principal Amount1,00,000
Total Interest10,737
Total Amount1,10,737
Monthly EMI₹ 4,614
Principal Amount
Interest amount

Tips to Improve Business Loan Approval Chances in Business Loan in Chennai

Maintain a Good Credit Score

Maintain a Good Credit Score

Your credit score plays a crucial role in personal loan approval. A score of 700+ is generally considered good.

Ensure Stable Income and Employment

Ensure Stable Income and Employment

Lenders prefer applicants with stable employment and a consistent income source.

Apply for a Suitable Loan Amount

Apply for a Suitable Loan Amount

Always apply for a loan amount that aligns with your repayment capacity and financial goals.

Keep All Required Documents Ready

Keep All Required Documents Ready

Incomplete documentation is one of the most common reasons for personal loan delays or rejection.

Clear Existing Debts

Clear Existing Debts

Try to stay clear of all the outstanding debt. If you repay your loans timely, then banks will prefer to lend more loans to you.

Apply Through a Trusted Loan Platform

Apply Through a Trusted Loan Platform

Instead of applying directly to multiple banks, apply through a reliable loan marketplace like LoansJagat.

How to Apply for Business Loan in Business Loan in Chennai

01
Apply Online

Apply Online

Click Apply Now and start your loan journey in minutes.

02
Share Basic Details

Share Basic Details

Enter your name, contact, and work information to proceed.

03
Verify Eligibility

Verify Eligibility

Get instant loan offers based on your profile and credit score.

04
Upload Documents

Upload Documents

Submit your PAN, Aadhaar, KYC, and income proof securely online.

05
Compare & Choose

Compare & Choose

Pick the best offer from multiple banks and NBFCs.

06
Get Instant Approval

Get Instant Approval

Receive quick approval and funds directly in your bank account.