A business loan is a blessing for entrepreneurs looking to establish a new venture or expand an existing one. With the advancement of technology, availing a business loan has become quite a hassle-free process. Nowadays, with leading financial institutions, you can avail a business loan online from the comfort of your home. Simple eligibility criteria, minimal documentation, instant approval and quick disbursal of the loan amount are some of the major advantages of availing a small business loan from leading financial institutions.

Moreover, to make the process even more convenient, several financial institutions have introduced their own mobile apps. Let us have a look at some of the best business loan apps to avail a small business loan:

CASHe

CASHe is one of the most popular instant loan apps in India. This app can be installed on both android and iOS platform. With the help of this app, you can get a business loan ranging from Rs. 5,000 to Rs. 2 lakh instantly. Also, CASHe has an SLQ calculator (Social Lean Calculator), which allows you to check your loan eligibility beforehand. By entering necessary details such as your name, age, mobile number, income, etc. in the SLQ calculator, you can quickly view your eligibility details and interest rate.

Ziploan

With the help of Ziploan App, you can avail a collateral-free small business loan instantly. You can easily avail a loan amount ranging from Rs. 1 lakh to 5 lakhs. The app is easy to use, and the loan application process is very simple. Furthermore, simple eligibility criteria, minimal documentation and zero prepayment penalty are some of the major advantages of availing a business loan by using the Ziploan app. You can easily check the loan status online, keep track of your account statement, and be notified about the upcoming EMI’s with the help of this app.

Dhani

Dhani Biz is a mobile application app by Indiabulls that provides unsecured business loans within a short time. You can get a business loan of up to Rs. 15 lakhs by using this app. In order to apply for a loan by using this app, the applicant must be above 25 years of age. The business loan tenure ranges from 6 months to 3 years. The documents required are minimal, and you can easily manage your business loan online anytime and anywhere by using the Indiabulls Dhani app.

Finserv MARKETS App

Finserv MARKETS app is a one-stop solution for all your financial needs. You can get a business loan of up to Rs. 30 lakhs for a loan term ranging from 12-60 months. You can also check credit score for free by using the Finserv MARKETS app. Make sure that you have a high credit score before applying for a business loan. This is because a high credit score can help you avail a higher loan amount at a reduced rate of interest. Competitive interest rate, low prepayment charges, minimal documentation, instant approval and quick disbursal of the loan amount are some of the major benefits of using the Finserv MARKETS app for availing a business loan. Apart from loans, you can also use this app for purchasing insurance, making investments, buying EMI and credit cards, etc. You can quickly get access to a wide range of financial services by using the Finserv MARKETS app.

Now that you have a fair idea of various apps for small business loans ensure that you make the most of it for taking your business to greater heights. Also, make sure that you read the terms and conditions of your loan agreement carefully before signing it. In case of any query, seek the help of a financial advisor to make a well-informed decision.

In association with FinServ Markets