Term loans for shops, manufacturers and service businesses across India
Capital that arrives before the opportunity leaves.
TermLoan structures fixed-tenure business loans against clear, fixed EMIs — no revolving surprises, no vague fine print. Apply once, get a decision in days.
Indicative loan summary
Built for businesses that need a decision, not a queue
Every product is a fixed-tenure term loan — you know the EMI on day one, and it doesn't move.
Predictable repayment
Your EMI is locked at sanction. No floating surprises mid-tenure, so cash flow planning stays simple.
Fast credit decisions
Upload GST returns and bank statements once — most applications get an initial decision within two working days.
Built around Udyam businesses
Underwriting is tuned for registered MSMEs, with collateral-light options for eligible borrowers.
How a TermLoan sanction actually moves
Four steps, start to disbursal — no branch visits required for most applicants.
1. Apply online
Share basic business details and the amount you need. Takes under six minutes.
2. Upload documents
GST returns, bank statements and Udyam certificate — uploaded once, verified digitally.
3. Get sanctioned
Our credit team reviews and issues a sanction letter with the final rate and tenure.
4. Funds disbursed
Signed agreement in, funds move to your current account — typically within 24 hours.
Repay on schedule
Auto-debit EMI on a date you choose. Prepay any time after six months with no lock-in penalty.
Track anytime
A running ledger of paid and upcoming EMIs is available on request from your relationship contact.
Loan products
Three fixed-tenure term loans, each sized for a different stage of the business. Rates shown are starting rates and vary by credit profile.
Shop & Trade Term Loan
- ₹1 lakh – ₹25 lakh
- Tenure: 12–48 months
- For traders, retailers, distributors
- Collateral-free up to ₹10 lakh
Manufacturing Term Loan
- ₹5 lakh – ₹2 crore
- Tenure: 24–84 months
- For machinery, capacity, or unit expansion
- Hypothecation of purchased asset accepted as security
Professional & Services Term Loan
- ₹1 lakh – ₹50 lakh
- Tenure: 12–60 months
- For clinics, agencies, consultancies, studios
- Income-based underwriting, minimal paperwork
What's common across every product
A fixed interest rate for the full tenure, a processing fee capped at 1.5% of the sanctioned amount, and no charge for repaying early after the sixth EMI. There is no prepayment penalty on floating-linked accounts, and part-prepayment is accepted from the seventh month.
What decides your rate
Final pricing depends on your business vintage, GST turnover trend, existing credit obligations, and whether the loan is secured or collateral-free. Applicants with two years of clean repayment history typically land closer to the starting rate.
Eligibility & documents
Most registered MSMEs with at least twelve months of operating history qualify. Check the criteria and required documents below before you apply.
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Business vintage
At least 12 months of continuous operation under the current ownership.
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Udyam registration
A valid Udyam Registration Certificate for the applying business entity.
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Minimum turnover
Annual turnover of ₹6 lakh or more, evidenced by GST returns or bank credits.
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Applicant age
Proprietor, partners, or directors between 23 and 65 years at loan maturity.
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Credit history
No default currently reported on existing business or personal credit facilities.
Documents to keep ready
- Udyam Registration Certificate
- PAN card of the business and applicant(s)
- GST registration and last 12 months of returns
- Bank statements — last 12 months, primary account
- Address proof of business premises
- Financial statements or ITR, last 2 years (if applicable)
EMI calculator
Move the sliders to estimate your monthly instalment. This is an indicative figure — your actual sanction letter will confirm the final rate.
Estimated monthly EMI
Talk to a loan officer
Send your details and a loan officer will call within one business day. No obligation, no impact on your credit score at this stage.
Reach us directly
Before you call
Keep your Udyam Registration Certificate, PAN, and the last six months of bank statements handy — it shortens the first conversation considerably.