Simplify Debt:
Easy Loan Balance Transfer
Effortless business loan balance transfers. Enjoy lowest rates on balance transfers. Chosen by 300,000+ SMEs across India.
Balance Transfer Business Loans
Key Features
Loan Amount up to
Varies depending on need
Reducing Rates Starting from
8% p.a.
Loan Tenure up to
15 years
Collateral Required
Yes
Business Loan Balance Transfer Terms
Our business loan balance transfer in India allows you to switch your existing loan to a new lender for better interest rates or terms. The transfer process involves minimal documentation and quick approval. However, it’s essential to maintain a good credit score to qualify for favorable conditions during the transfer.
What are the risks of taking a Balance Transfer?
Opting for a business loan balance transfer in India may lead to additional fees, such as processing or prepayment charges, which can offset potential savings. There’s also a risk of extending the loan term, resulting in higher overall interest payments. If not managed carefully, the transfer could impact your credit score. Additionally, reliance on new terms may cause financial strain if your business cash flow remains unstable.
What are the benefits of a Balance Transfer?
A business loan balance transfer can help you secure lower interest rates, reducing your overall repayment burden. It offers the chance to consolidate multiple loans into one, simplifying your finances. Transferring can also provide better loan terms, such as extended repayment periods or more flexible payment options. Additionally, it allows you to shift to a lender with superior customer service or added benefits.
When to use a Balance Transfer?
Consider a balance transfer when you find a lender offering significantly lower interest rates than your current loan. It’s also beneficial if you’re facing difficulty managing multiple loans, allowing you to consolidate them into one. Use a balance transfer when your credit score has improved, qualifying you for better terms. Finally, if your business cash flow has stabilized, this can be an opportune time to reduce your repayment burden.
How We'll Help You
Who Can Apply
- Business Registration : Required
Business Vintage : Min 3 Years
Age : Min 23 Yrs Old
Annual Turnover : Min 20L
Collateral You Can Use
Owned Commercial Property
Owned Residential Property
Industrial Property
Warehouse & Buildings
Gold Jewellery & Machinery
Documents You'll Need
Promoter Aadhaar Card
Promoter PAN Card
Current Residential Address Proof
Residence and Office Ownership Proof
Business Registration Proof
Income Tax Returns (ITR) and Computation of Income
Business Bank Account Statements
Audited Financials
GSTR-3B
Collateral Documents
Your Business Loan Options
Get the perfect funding to achieve your dreams!
No more shopping around! We’ve curated 100+ loan products to meet your specific business needs so you can save time and directly apply for the loan right for you.
Looking for a High-Value Loan?
Have revenue over 3Cr and need more than 50L in Unsecured Business Loans? Use our premium service to get your dream loan.
Looking for a High-Value Loan?
Have revenue over 3Cr and need more than 50L in Unsecured Business Loans? Use our premium service to get your dream loan.
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FAQs
With just one application, you gain access to over 30 trusted business lenders. Say goodbye to the tedious and time-consuming process of researching and separately applying for a business loan with multiple lenders. Our platform streamlines the process into one single application that is sent to multiple lenders at once to get you the best loan options, saving you valuable time and effort. Better still, once you are approved for a loan, we’ll negotiate to get you the best business loan interest rate and terms, highest amount possible, and quickest disbursal so you can spend your time focused on building your business.
We are not a lender. We’re a technology platform that helps SMEs in India get business funding in 3-7 days. When you apply for a business loan with us, we check your business loan eligibility for free and match you with the right lenders, increasing your business loan prospects. We even negotiate on your behalf to ensure you get the best possible business loan interest rate and terms. Think of us as your free business financing advisors who are ready to fight for you, so that you can work smart and achieve your dreams.
Yes, we do a soft pull of your Experian Credit Report when checking your eligibility for business financing. This credit check is free, has no impact on your credit score, and we even send you a copy of your report, so you know how healthy your credit is. We use this score to match and apply for business loans with the right lenders and get you unbeatable loan terms customized for you.
We want to help every SME across India find a business loan for their needs that is affordable, convenient, and quick. So, we’re constantly expanding our network of partners by adding in new banks and NBFCs to our digital platform. Our lender partners currently include ICICI, IDFC, Bajaj Finserv, Deutsche Bank, Lendingkart, Kotak Mahindra Bank, Tata Capital, and more!
We know how important it is for small businesses to save money wherever possible. Once we match you with a lender who is the right fit for your needs, we negotiate with them to ensure you get a business loan interest rate that is lower than the market rates! On average, we’ve helped our borrowers get Unsecured business financing up to 9% less than their initial offers, and Secured business loans 2% lower than what the lender first offered them. We’ll fight to ensure you get the best interest rate too!