India's Largest SME Credit Marketplace. Secured Business Loans from 15 Lakhs to 40 Crore.
Minimum Loan Requirements
Your business must be registered and have been trading for at least 2 years.
You should not have any defaults or delays on your existing EMIs.
You must be at least 23 years old.
You must have collateral or security to pledge.
We Enable You in Three Simple Steps:
What Type of Secured Business Loan
is Best for Me?
We help you find the right business loan, whatever your requirements, wherever you are in your journey.
Secured Business 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
Interest rates starting from 9%
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. A loan against property(LAP) 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 refinance existing loans. Our 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.
Secured Working Capital Loan (OD/CC)
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. Our lender partners’ working capital loans provide you with 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
Loan Refinancing
Businesses can apply for refinancing when they want to save money by getting a better ROI (rate of interest) on an existing business loan. A business can obtain a refinancing deal at lower interest rates if its overall performance has improved either because it has been able to increase its sales or profits, or because it has been able to repay substantial portions of its outstanding debt since taking a business loan. Refinancing options are also available to reduce rates when you switch your loan from a variable interest rate loan to a fixed interest rate loan.
How We Help:
- We evaluate your existing loan (the amount/tenure left/ interest rate) and then compare it with the refinancing options that our 20+ leading lenders offer. Our lending matching algorithm takes into consideration the principal amount that is outstanding, the tenor, interest payments, prepayment penalties and processing charges to determine whether we can get you a better option than the one you have today
- If we can get you better terms, we will do all the work to get your refinancing. If we can't, we will let you know at no risk to your credit score. We also do all the work and don't charge you fees
Benefits
Reduce your cost of financing
Improve your cash flow
Borrow additional cash
Documents You Will Need to Get Your Secured Business Loan
Personal KYC
Business KYC
Bank Statements/Financials
Residential Address Proof
- Individual KYC- PAN Card & Aadhar Card
- For female applicant: male co-applicant KYC required
- GST Registration Certificate (mandatory) & YTD GST returns for last 12 months
- Business PAN Card other than sole prop.
- For partnership firm Partnership Deed is required
- Last 12 months business Bank Statements for all bank accounts (Current Account, Savings Account, CC/OD)
- Last 3-year ITR acknowledgement & computation of income
- Last 3-year audited financials (Balance Sheet, P&L and notes to accounts)
- Provisional Financials 31st March 2021
- Collateral documents
- Proof of property ownership
- 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)
- List of Directors & latest shareholding pattern on company letterhead
- Last 12 months business Bank Statements for all bank accounts (Current Account, Savings Account, CC/OD)
- Last 3-year ITR acknowledgement & computation of income
- Last 3-year audited financials (Balance Sheet, P&L and notes to accounts)
- Provisional Financials 31st March 2021
- Collateral documents
- Proof of property ownership
Our Enabled Borrowers
Packaging Industry
NCR
A packaging manufacturer needed a secured working capital loan takeover as he wasn’t satisfied with his existing lender and was also looking for a lower interest rate.
We helped him to refinance his loan with a multinational foreign bank, reducing the interest rate from 9.4% to 8.5% p.a. This resulted in annual savings of Rs.350,000 . We got the loan sanctioned in 14 working days.
Metal & Metal Products
NCR-Ghaziabad
A metal and metal products manufacturer was looking for a business loan of Rs 50lakh+ to meet his working capital requirements. Given the pandemic and slow-down in the economy, securing such a high-ticket size loan was difficult.We ensured a successful disbursal of Rs. 53.69 lakhs and got him the best interest rate.
Raj Nidhi Sharma
Senior Consultant
National Productivity Council (NPC)
CreditEnable is helping National Productivity Council members access affordable finance. They have helped our members to secure multiple business loans at better rates, higher loan to value and ensured disbursals were quick.
Also, they don’t charge service fees from our borrower community.
We would highly recommend them to any SME in India looking for a new secured loan or who wants to refinance an existing loan.
Save 4-6 weeks of stress in just 3 simple steps. Get hassle-free secured business loans and better re-financing options from India's largest SME credit marketplace.