SUM8 Services

Ashtamaya- The Sum of Trust

BMR Enclave, Kudlugate, Bangalore, Karnataka,IN

admin@sum8.in

Empower Your Business with the Right Financial Support!

Flexible business loans to expand operations, manage working capital, and accelerate growth with fast approvals and competitive interest rates.

✔ Loan up to ₹2 Crore
✔ Collateral-Free Options Available
✔ Quick Digital Approval
✔ Interest Rates starting from 10.5%*

Our Trusted Banking Partners

Get Instant Business Loan up to ₹2 Crore — Fast, Secure & Hassle-Free

Quick approval, minimal documentation, lowest interest starting at just 9.9% p.a.

✔ 100% Digital & Paperless Process

✔ Quick Approval & Fast Disbursal

✔ Minimal Documentation Required

✔ Flexible Repayment Options

✔ No Hidden Charges

Get Your Loan Now!

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Find Best Business Loan Offers

100% Digital Process* Quick Disbursal

Max. Loan Amt. Upto ₹1cr

Rate of Interest 10.5% - 15%

Tenure upto 1-7 Years

Processing Fee upto 2%

100% Digital Process* Quick Disbursal

Max. Loan Amt. Upto ₹80L

Rate of Interest 10.5% - 15%

Tenure upto 1-7 Years

Processing Fee Upto 2%

Low Processing fee

Max. Loan Amt. Upto ₹50L

Rate of Interest 11.5% - 19%

Tenure upto 1-6 Years

Processing Fee Upto 2%

Max Loan Amount 100% Digital Process

Max Loan ₹1cr

ROI 11.18% - 25%

Tenure 1-7 Years

Processing Fee Upto 2%

Lowest Income requirement Quick Disbursal

Max Loan ₹50L

ROI 13% - 18%

Tenure 1-7 Years

Processing Fee 1.4% - 3.5%

Lowest Income requirement 100% Digital Process*

Max Loan ₹2cr

ROI 11.5% - 19%

Tenure 1-5 Years

Processing Fee Upto 2%

100% Digital Process Quick Disbursal No Hidden Charges

Max Loan ₹75L

ROI 15% p.a. onwards

Tenure 1-4 Years

Processing Fee upto 3.5%

Secured Business Loan Minimum Document Quick Processing

Max Loan ₹2cr

ROI Starting from 13.99%

Tenure 1-10 Years

Processing Fee 1% - 5%

Lowest Income requirement Quick Disbursal

Max Loan ₹80L

ROI 14% - 25%

Tenure 1-8 Years

Processing Fee upto 4.7%

Lowest Income requirement Quick Disbursal

Max Loan ₹1cr

ROI Starting from 15%

Tenure 1-5 Years

Processing Fee Upto 3%

100% Digital Process Quick Disbursal

Max Loan ₹35L

ROI Starting from 11.5%

Tenure 1-7 Years

Processing Fee 1% to 3.5%

Calculate Your EMI

Loan Amount

₹

₹1,00,000₹2,00,00,000

Loan Tenure

Years Months

yrs

1 year10 years

Interest Rate

%

7% p.a.30% p.a.

Monthly EMI

₹ 0

Principal ₹ 0

Interest ₹ 0

Total ₹ 0

● Principal ● Interest

Repayment Schedule

Month	EMI	Principal	Interest	Balance

Why Choose Our Business Loan?

Power your business growth with fast funding, flexible repayment options, and transparent financing solutions tailored for enterprises of all sizes.

Quick Loan Approval

Accelerated approval process ensures faster access to capital, helping you seize business opportunities without delays.

Secure & Transparent

Bank-grade security with complete transparency in charges, interest rates, and repayment terms.

Competitive Interest Rates

Attractive interest rates designed to optimize cash flow and support sustainable business expansion.

Flexible Repayment Tenure

Choose repayment tenures up to 84 months, allowing you to manage EMIs efficiently alongside business operations.

Minimal Documentation

Simplified documentation with a fully digital process ensures quicker processing and reduced paperwork.

Flexible Security Options

Avail secured or unsecured business loans based on eligibility, ensuring the right financing structure for your business needs.

Business Loan Eligibility & Documents Required

For Self-Employed / Business Owners

✔ Age: 25 to 65 years
✔ Minimum annual income: ₹3,00,000
✔ Business vintage: Minimum 3 years
✔ ITR for last 2 years required
✔ Credit score: 700 or above
✔ Turnover: ₹40–50 lakhs minimum
✔ Profitability: Last 1 year profitable

Documents Required

✔ PAN Card & Aadhaar Card
✔ Income Tax Returns
✔ GST Registration / Returns
✔ Business Registration Proof
✔ Business PAN Card
✔ Deed copy of partnership (if applicable)
✔ MOA, AOA & Board Resolution (Companies)
✔ Last 6 months bank statements
✔ Passport size photograph
✔ Address proof (if different from Aadhaar)

Key Highlights of Business Loan

Fund your business growth with loans for capital expenditure such as purchasing machinery, upgrading equipment, infrastructure expansion, and other long-term investments.
Get working capital finance to manage daily operations, inventory, payroll, and short-term cash flow needs.
Loan amount is assessed based on business vision, promoter profile, projected financial statements, and expected cash flow over the repayment period.
For high-value loans above ₹2 Crores, lenders conduct a specialized project appraisal based on Liquidity Ratio, DSCR, and Fixed Asset Ratio.
Competitive interest rates based on loan amount, business sector, applicant’s credit profile, and project type.
MSME loans up to ₹2 Crores may not require collateral under the Credit Guarantee Scheme.
Working capital loans are secured by hypothecation of stocks and receivables; term loans are secured by hypothecation of assets purchased.
Collateral may include residential or commercial property. Agricultural property is accepted only for agri-based loans.
Flexible repayment tenure: — Working Capital: 6–12 months (renewable annually) — Term Loans: 3–8 years, extendable up to 20 years for construction-based projects.
Processing fees depend on the business type and lender, usually capped at 3.5% of the loan amount.
Prepayment charges range from 0% to 6%, depending on lender policy.

Types of Business Loan

Here are the different types of business loans available in India:

Working Capital Loan: Working capital loans help manage daily business expenses during cash flow gaps. Suitable for trading, manufacturing, retail, wholesale, and export businesses. This revolving credit facility includes overdraft, cash credit, packing credit, and bank guarantees. Interest is charged only on the amount used.
Term Loan: Term loans are used for long-term investments like factory construction, modernization, and purchasing machinery. These loans have a tenure of 7 to 20 years and are disbursed in a lump sum. Assets purchased serve as primary security, and collateral may also be required.
Invoice Financing: Businesses can borrow up to 80% of invoice value while waiting for customers to clear payments. This helps maintain cash flow and supports operational needs. Remaining funds are released after customer payment.
Equipment Financing: Designed for industries that need specialized equipment—manufacturing, healthcare, construction, etc. Loan amounts can exceed ₹100 Crores for large projects, with repayment terms of 3 to 7 years.
PMMY (Pradhan Mantri Mudra Yojana): Offers loans from ₹50,000 to ₹10 Lakhs to micro and small enterprises. Ideal for small traders, vendors, startups, and micro-manufacturing units.
Stand-Up India Loan: Supports SC/ST and Women entrepreneurs to start new ventures. The applicant must be the majority owner in the business to qualify for funds.

6 Key Points to Know Before Applying for a Business Loan

Understand these important factors before applying to increase your approval chances and choose the right loan.

1

Interest Rate

Compare interest rates offered by various lenders.
Choose the rate that reduces your overall borrowing cost.
Prefer lenders with transparent rate policies.

2

Turnaround Time

Check the lender’s approval and disbursement duration.
Faster-processing lenders help meet urgent needs.
Timelines may vary based on loan type and collateral.

3

Credit Score / Rating

A score of 700+ gives a better chance of approval.
High credit scores often lead to lower interest rates.
Low scores may result in rejection or higher loan cost.

4

Processing Charges

Processing fees vary between lenders.
Choose lenders with minimal fees and no hidden penalties.
Compare total cost before finalizing.

5

Collateral

Many lenders require collateral for business loans.
Collateral may include property, machinery, or assets.
Secured loans help when the credit score is low.

6

Business Financials & Documents

Maintain updated bank statements, GST returns, and ITR.
Accurate documents increase approval speed.
Strong financials build lender confidence.

Frequently Asked Questions

01

What is a Business Loan?

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A business loan is funding provided to meet business needs such as working capital, expansion, equipment purchase, inventory, or cash-flow management.

02

How does a business loan differ from a personal loan?

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A personal loan is for individual use, while a business loan is designed specifically for commercial needs with business-focused eligibility and documentation.

03

What types of business loans are available in India?

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Options include working capital loans, term loans, overdraft, cash credit, machinery finance, invoice discounting, letters of credit, bank guarantees, and MSME schemes.

04

What documents are required for a Business Loan?

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KYC (PAN, Aadhaar), business registration, address proof, bank statements (6–12 months), GST returns, ITRs, financial statements, and incorporation/partnership documents where applicable.

05

Do I need collateral for a Business Loan?

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Many business loans are unsecured, requiring no collateral. Large loan amounts or special products may require security as per lender policy.

06

How long does loan approval take?

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NBFCs may approve within 24–48 hours, while banks may take 3–7 working days depending on documentation and business profile.

07

What are the eligibility requirements for a business loan?

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Typical criteria include applicant age 21–65 years, business vintage of 1–3+ years, acceptable credit score (usually 650+), valid business registration/licenses, stable turnover, and proper financial documents. Requirements vary by lender and product.

08

What is the minimum and maximum loan amount offered?

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Minimum loan amounts typically start from ₹50,000 to ₹1,00,000 depending on lender. Maximum limits depend on business performance, creditworthiness, and collateral. Established businesses may qualify for loans up to several crores.

09

Can I get a business loan of ₹50 lakh?

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Yes. Approval depends on meeting lender criteria such as strong annual turnover, solid repayment capacity, good credit score, and collateral if required.

10

What is the impact of GST on business loans?

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GST is not applied to loan interest. However, GST may be applicable to associated services such as processing fees, legal charges, technical charges, and other lender services.

11

Are there foreclosure or prepayment charges?

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Floating-rate loans generally have no foreclosure charges as per RBI guidelines.

Fixed-rate loans may have foreclosure or part-prepayment charges ranging from 0%–6% depending on lender policy and lock-in conditions.

12

Can a salaried person apply for a business loan?

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Business loans are mainly designed for self-employed individuals and business entities. Salaried individuals may use alternatives such as personal loans, loans against securities, or top-up home loans for small business needs.

13

Who is eligible for a small business loan?

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Small business loans are available to self-employed individuals, MSMEs, proprietors, partnership firms, LLPs, private limited companies, and professionals such as doctors, CAs, architects, and consultants, depending on lender criteria.

14

What are pre-closure and part-prepayment rules?

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Floating-rate business loans generally allow pre-closure without charges. Fixed-rate loans may have pre-closure or part-prepayment fees ranging from 0%–6% based on lender policy and lock-in period.

15

What is margin money in a business loan?

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Margin money is the borrower’s own contribution toward an asset purchase. Example: If a machine costs ₹10 lakh and the lender finances 75%, the borrower contributes the remaining 25% (₹2.5 lakh). This contribution is called margin money.

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SUM8 Services provides reliable loan advisory & financial assistance. Reach out to us anytime for queries related to Personal Loans, Business Loans, or Instant Credit solutions.

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Phone Number

+91 9345678900

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Email

admin@sum8.in

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Address

BMR Enclave, Kudlugate, Bangalore, Karnataka

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Working Hours

Mon – Sat: 10 AM – 7 PM