India's Largest SME Credit Marketplace. 20+ Lenders. 100+ Products. 1 Lakh - 10 Crore Loans.
Minimum Loan Requirements
You business needs to have been registered at least 2 years ago and you must be able to provide business registration proof.
You should not have any defaults or delays on your existing EMIs.
You must be at least 21 years old.
We Enable You in Three Simple Steps:
What Type of Loan is Best for Me?
We help SMEs find the right business loan, whatever your requirements, wherever you are in your journey.
Unsecured Business Loan
Unsecured business loans are a great funding option for businesses that don’t own many assets, or for any company that’s growing fast and needs finance quickly. Our proprietary platform matches your loan requirement with the right lender for your business in no time, speeding up the process when you apply for a business loan online through CreditEnable.
Loan Amount
Borrow 1 lakh to 1 Crore
Repayment period
12 months to 36 months
Terms
Interest rates starting at 14%
Benefits
No need to have any security or assets
Less documentation requirement
Quick to arrange
Simple loan process
Machinery Loan
Investment in machinery is integral to any business’ long-term success. CreditEnable’s lender partners offer machinery loans that allow you to get funds to purchase new plant, machinery or equipment, or upgrade your existing ones. A machinery loan can help you scale your business to new heights by investing in the growth and profitability of your operations.
Loan Amount
Borrow from 15 Lakhs up to 3 Crores
Repayment period
Repayment period of 12 months to 10 years
Terms
Interest rates starting at 11%
Benefits
You can buy critical machinery or equipment when you need it and pay for it over a period of time
Once the loan is paid in full, you own the equipment free of any lien.
Working Capital Loan
Loans are not just for long-term or capital requirements. SMEs may face cash flow crunches that hinder their everyday operations. An inability to pay recurring expenses like rent, wages, EMIs or service accounts payables can put a strain on the business. CreditEnable’s lender partners working capital loans provide you the funding support to keep operations running smoothly even during a low revenue period.
Loan Amount
Borrow from 15 Lakhs up to 40 Crores.
Repayment period
Varied repayment periods depending on business needs and business financial position
Terms
Interest rates starting at 9%
Benefits
You can streamline your cash flows during a lean business phase with immediate funds
You do not have to sell assets to meet operational expenses
Your business ownership will not get diluted because there is no need to sell a stake to get funding
Secured Term Loan
For an SME that has access to assets that can work as security for a loan, a secured term loan is a practical alternative to unsecured loans. When you pledge collateral for a loan, you can get access to a higher loan amount as well as an attractive tenure. The interest rate for a secured term loan for business is lower compared to loans that are collateral-free.
If you are a manufacturer, trader or an online or offline retailer with assets to pledge, a secured term loan could be the right business loan choice for you.
Loan Amount
Borrow from 15 Lakhs up to 40 Crores
Repayment period
Up to 20 years
Terms
Customized interest rates
Benefits
Longer repayment terms than unsecured loans
Lower interest rates
Larger loan sizes
Loan Against Property
When an SME business owner has a valuable personal or business property in their name, it can be used as collateral to help secure a loan. Loan against property can be used to meet your business financing needs by pledging your property papers as security. The loan can be used to meet long-term funding needs, expansion plans, buy new property and equipment or to refinance existing loans. CreditEnable’s lender partners LAP options are flexible, easy and quick to secure.
Loan Amount
Loan of up to 70% of the value of your property.
Repayment period
Up to 15 years
Terms
Interest rates starting at 9.5%
Benefits
Cost effective loans
Easy to secure
Longer repayment terms than most other loans.
Documents You Will Need to Get Your Loan
Depending on the size of your loan and the type of business you own, the documents required by lenders will be different. We’ve put together a handy guide below along with downloadable checklists. Just select your loan size and type of business below and you’ll find everything you need to know.
Personal KYC
Business KYC
Bank Statements/Financials
Residential Address Proof
Sole-proprietorship or a partnership firm:
- Individual PAN Card
- Individual Aadhar Card
- For GST registered companies- GST Registration Certificate(mandatory)
- If Not GST reg-Provide any Trade or Business Registration certificate (Business vintage and place of business) e.g. Shop and Establishment License, Trade License, Labour License
- Business PAN Card other than sole prop.
- Last 12 months business Bank Statements for all bank accounts (Current,Saving,CC/OD)
- Individual PAN Card
- Individual Aadhar Card
- GST Registration Certificate (mandatory) & YTD GST returns for last 12 months
- Business PAN Card other than sole prop.
- Last 12 months business Bank Statements for all bank accounts (Current,Saving,CC/OD)
- Last 2-years ITR Acknowledgement & Computation of Income
- Last 2-years financials (Balance Sheet, P&L and notes to accounts) that have been certified by a CA
If you are an MCA registered company:
- All Directors PAN Card
- All Directors Aadhar Card
- For GST registered companies- GST Registration Certificate(mandatory)
- If Not GST reg-Provide any Trade or Business Registration certificate (Business vintage and place of business) e.g. Shop and Est Lic, Trade Lice, Labour Lic
- Company PAN Card
- Certificate of Incorporation
- Memorandum of Association (MOA) and Article of Association (AOA)
- Latest shareholding pattern on company letterhead
- Last 12 months business Bank Statements for all bank accounts (Current,Saving,CC/OD)
- All Directors PAN Card
- All Directors Aadhar Card
- For GST registered companies- GST Registration Certificate(mandatory)
- Company PAN Card
- Certificate of Incorporation
- Memorandum of Association (MOA) and Article of Association (AOA)
- Latest shareholding pattern on company letterhead
- Last 12 months business Bank Statements for all bank accounts (Current,Saving,CC/OD)
- Last 2-years ITR Acknowledgement & Computation of Income
- Last 2-years audited financials (Balance Sheet, P&L and notes to accounts)
Our Enabled Borrowers.
Sachin Patil
American Ferto
Manufacturer of Fertilizer - Sole Proprietor
CreditEnable helped me to get exactly the loan my business needed in record time. My business is growing fast and I really wanted a loan that gave me the flexibility to pay back later so my cash flow didn’t get impacted. CreditEnable’s matching technology is so good that one of their partner lenders said yes to me the next day and cash was in my account that week. No hassle, No fee. No Comparing. CreditEnable is amazing!
Harikesh Tripati
Bombay Transport Corp. (BTC)
Transportation of Goods - Sole Proprietor
At first, I didn't believe in CE and tried to go out on my own for months. The attempts turned out to be unsuccessful and I decided to go back to CE and they helped me get a loan.
Dhayanithi
Structural Ethics Engineering
Proprietor
The business loan will help me to buy new latest software's, to grow my business to the next level, which will increase my business production and profit in upcoming days, Many thanks. CreditEnable has a good, supportive and expert team.
Jayprakash Kodalil
Vijaya World
Proprietor
I'm really impressed with the custom solutions provided by understanding the needs of my business. Also the team was very prompt in communication and follow-up.
Sandhya Kumari
Saara Corporation
Director
Really in this tough time, it helped me to purchase materials to process my pending orders.
Ashish Agarwal
AVS Global
Metal trading - Sole Proprietor
The team at CreditEnable turned around my loan application in no time at all. They were transparent, explaining the complete loan application process and were fast to respond to any queries I had. Their expert team had a good grasp of my financials and secured the loan my business needed.
Our Promise.
We always tell you the truth. If you're not ready for the loan you want, we'll let you know upfront and save you the time and hassle of applying for loans you won't get.
We help you understand how to improve your attractiveness to lenders and give you concrete steps you can take. When you're ready, we help you get the right loan, from the right lender, on the right terms, at the right time.
