UP TO
₹20 LAKH
Seed Fund
Offers funding for DPIIT recognized startups with innovative & scalable models.
UP TO
₹1.64 CRORE
Global Impact Grant
Provides tiered funding for impactful and scalable projects across various sectors.
UP TO
₹40 LAKH
MSME Design
Offers support for product design in sectors like agriculture and electronics.
UP TO
₹5 LAKH
Product Development Grant
Provides funding for tech-based hardware/physical products from all sectors.
UP TO
₹10 LAKH
Seed Fund (MH)
Aimed at Maharashtra-based startups in sectors like healthcare and agritech.
UP TO
₹50 LAKH
Grant for Textile
Supports technical textiles, focusing on self-reliance and high-performance fabrics.
UP TO
₹20 LAKH
Young Innovators Grant
Provides funding for young innovators under 25 across India.
UP TO
₹1.5 CRORE
Grants for Defence & Aerospace
Targets innovations in defence and aerospace.
UP TO
₹20 LAKH
Pitch-Pilot-Program (3P)
Encourages water solutions innovations, requiring DPIIT recognition for eligibility.
UP TO
₹60 LAKH
NGO Growth Fund
Support NGOs with tech-driven solutions in areas like education and economic empowerment.
UP TO
₹12 LAKH
Pathfinder Grant
Supports initiatives in agriculture, education, gender equality.
UP TO
₹2 L - ₹30 L
Innovation Grant
Provides grants for different stages of innovation, focusing on Kerala-based startups.
UP TO
₹20 LAKH
Samastha Wash Tech
Focuses on water and sanitation solutions and IoT applications.
UP TO
₹15 LAKH
Animal Barn Challenge
Targets startups in animal husbandry and related built environments.
UP TO
₹3 CRORE
Womenpreneur - Initiative
Provides funding support to female-founded ventures across all sectors.
UP TO
₹10 LAKH
CM Udyami Yojana (Br)
Offers grants and loans to various business categories in Bihar.
What Are NBFC Business Loans?
NBFC Business Loans are financial products offered by Non-Banking Financial Companies (NBFCs) to support startups, SMEs, and MSMEs in need of funding. These loans are known for their fast approvals, flexible terms, and minimal paperwork, making them a preferred alternative to traditional bank loans.
Looking for government-backed options? Check out our Government Business Loans guide for additional funding schemes.
Why Choose NBFC Business Loans Over Traditional Bank Loans?
Many small businesses struggle with bank loan approvals due to strict eligibility criteria. That’s where NBFCs come in—offering NBFC Loans that are easier to access and faster to disburse.
Key Benefits of NBFC Business Loans:
- Quick Disbursement – Get funding faster than traditional banks.
- Minimal Paperwork – Simple application process with basic documents.
- Flexible Loan Tenure – Tailored repayment periods to suit business needs.
- Higher Approval Rates – Even businesses with lower credit scores may qualify.
- Unsecured Loan Options – No collateral required for selected loans.
Types of NBFC Business Loans
NBFCs offer a variety of loan products designed to meet different business needs:
1. Working Capital Loans
- Ideal for daily operational expenses.
- No collateral in most cases.
2. Term Loans
- Long-term financing for expansion and growth.
- Tenure: 1 to 10 years.
3. Equipment & Machinery Loans
- Fund the purchase of modern machinery.
- Often secured by the asset.
4. Invoice Financing
- Short-term loan against pending invoices.
- Quick access to working capital.
5. Business Line of Credit
- Fund the purchase of modern machinery.
- Often secured by the asset.
6. Merchant Cash Advance
- Based on projected POS transactions.
- Repayment linked to daily sales.
7. Unsecured Business Loans
- No collateral required.
- Best for startups and small enterprises.
Learn more about our tailored NBFC Loan solutions built to meet unique business needs.
Advantages of NBFC Business Loans
Choosing an NBFC business loan comes with multiple advantages:
- Easy Accessibility: Designed for startups, MSMEs, and growing businesses.
- Fast Loan Approvals: Minimal delays and quick processing.
- Customizable Loan Structure: Choose your amount, tenure, and repayment schedule.
- Higher Funding Limits: Some NBFCs offer up to ₹5 crore based on business strength.
- Suitable for Low Credit Score Applicants: Easier eligibility compared to banks.
Best NBFC for Business Loan: How to Choose the Right One
When selecting the best NBFC for business loan, compare:
- Interest Rates: Vary by NBFC, loan type, and your credit profile.
- Loan Amount & Tenure: Ensure it fits your business’s financial needs.
- Processing Time: Look for NBFCs known for fast approvals.
- Collateral Requirements: Choose between secured and unsecured loan options.
- Additional Charges: Understand all fees—processing, prepayment, and late payment.
- Reputation & Support: Choose NBFCs with positive reviews and responsive service.
Before you apply, make sure your business is properly registered and certified. Explore our expert services in MSME Certification to boost your loan eligibility.
NBFC Loan Eligibility Criteria
Here’s what you typically need to qualify for an NBFC loan:
- Business Type: Sole Proprietorship, Partnership, Pvt Ltd, etc.
- Business Age: 1–3 years in operation.
- Annual Turnover: Starts from ₹10 lakh.
- Credit Score: Preferably 650+ (some NBFCs accept lower scores).
- Profitability: Demonstrated consistent revenue and growth.
Want more insights on how to prepare your business for funding? Visit our expert insights on business funding strategies .
NBFC Loan Documents Required
To apply for an NBFC business loan, prepare these essential documents:
- KYC Documents: PAN, Aadhaar, Passport, or Voter ID.
- Business Registration Proof: GST Certificate, Udyam Registration, Incorporation Certificate.
- Bank Statements: Last 6–12 months.
- ITR Filings: Last 2–3 years (for higher loan amounts).
- Financial Statements: Profit & Loss, Balance Sheet, Cash Flow.
- Collateral Proof: If applying for a secured loan.
NBFCs often require less documentation than banks, making them easier for small businesses to approach.
Final Thoughts on NBFC Business Loans
NBFC business loans are a smart funding option for startups, SMEs, and MSMEs that require fast, hassle-free financing. Whether you’re expanding your operations, upgrading equipment, or need working capital—NBFC loans offer a practical alternative to traditional banking.
UP TO
₹25 LAKH
RKVY RAFTAAR
Focuses on agri-tech and related sectors, providing funding & incubation support.
UP TO
₹7 LAKH
TIDE 2.0
Supports tech startups in areas like heath tech, and green energy.
UP TO
₹10 LAKH
Nidhi Prayas
Supports physical product based startups across all sectors.
UP TO
₹10 LAKH
Grant for North East Startup-2024
Promotes startups in the North East in sectors like healthcare and clean energy.
UP TO
₹1.5 CRORE
Business for Impact Grant 2024
Supports initiatives for positive social change in vulnerable communities.
UP TO
₹15 LAKH
Women Startup Scheme (MH)
For Maharashtra-based women-led startups in diverse sectors.
UP TO
₹1 CRORE
Health-Tech Scheme
Targets health tech and biotech startups offering support for product innovation.
UP TO
₹15 LAKH
MSW-2024
Supports startups across sectors like edtech with focus on government-relevant innovations.
UP TO
₹16 LAKH
Inspire Her
Offers grants to women-focused startups with at least an MVP.
UP TO
₹5 LAKH
Agri-Preneur Cohort
Focuses on agri-tech and food processing startups, offering mentoring support.
UP TO
₹5 CRORE
Grant for NGO
Aids NGOs in sectors like environment, health, and education.
UP TO
₹8 LAKH
GIC-2024
Supports youth-led initiatives aligning with the UN Sustainable Development Goals.
UP TO
₹11 LAKH
Grant for Automate
Offers funding for projects in video analytics, AI & ML, and data analytics.
UP TO
₹1 CRORE
Agri-Business Grant
Funds agri-businesses and allied activities, with a focus on several states.
What Are NBFC Business Loans?
NBFC Business Loans are financial products offered by Non-Banking Financial Companies (NBFCs) to support startups, SMEs, and MSMEs in need of funding. These loans are known for their fast approvals, flexible terms, and minimal paperwork, making them a preferred alternative to traditional bank loans.
Looking for government-backed options? Check out our Government Business Loans guide for additional funding schemes.
Why Choose NBFC Business Loans Over Traditional Bank Loans?
Many small businesses struggle with bank loan approvals due to strict eligibility criteria. That’s where NBFCs come in—offering NBFC Loans that are easier to access and faster to disburse.
Key Benefits of NBFC Business Loans:
- Quick Disbursement – Get funding faster than traditional banks.
- Minimal Paperwork – Simple application process with basic documents.
- Flexible Loan Tenure – Tailored repayment periods to suit business needs.
- Higher Approval Rates – Even businesses with lower credit scores may qualify.
- Unsecured Loan Options – No collateral required for selected loans.
Types of NBFC Business Loans
NBFCs offer a variety of loan products designed to meet different business needs:
1. Working Capital Loans
- Ideal for daily operational expenses.
- No collateral in most cases.
2. Term Loans
- Long-term financing for expansion and growth.
- Tenure: 1 to 10 years.
3. Equipment & Machinery Loans
- Fund the purchase of modern machinery.
- Often secured by the asset.
4. Invoice Financing
- Short-term loan against pending invoices.
- Quick access to working capital.
5. Business Line of Credit
- Fund the purchase of modern machinery.
- Often secured by the asset.
6. Merchant Cash Advance
- Based on projected POS transactions.
- Repayment linked to daily sales.
7. Unsecured Business Loans
- No collateral required.
- Best for startups and small enterprises.
Learn more about our tailored NBFC Loan solutions built to meet unique business needs.
Advantages of NBFC Business Loans
Choosing an NBFC business loan comes with multiple advantages:
- Easy Accessibility: Designed for startups, MSMEs, and growing businesses.
- Fast Loan Approvals: Minimal delays and quick processing.
- Customizable Loan Structure: Choose your amount, tenure, and repayment schedule.
- Higher Funding Limits: Some NBFCs offer up to ₹5 crore based on business strength.
- Suitable for Low Credit Score Applicants: Easier eligibility compared to banks.
Best NBFC for Business Loan: How to Choose the Right One
When selecting the best NBFC for business loan, compare:
- Interest Rates: Vary by NBFC, loan type, and your credit profile.
- Loan Amount & Tenure: Ensure it fits your business’s financial needs.
- Processing Time: Look for NBFCs known for fast approvals.
- Collateral Requirements: Choose between secured and unsecured loan options.
- Additional Charges: Understand all fees—processing, prepayment, and late payment.
- Reputation & Support: Choose NBFCs with positive reviews and responsive service.
Before you apply, make sure your business is properly registered and certified. Explore our expert services in MSME Certification to boost your loan eligibility.
NBFC Loan Eligibility Criteria
Here’s what you typically need to qualify for an NBFC loan:
- Business Type: Sole Proprietorship, Partnership, Pvt Ltd, etc.
- Business Age: 1–3 years in operation.
- Annual Turnover: Starts from ₹10 lakh.
- Credit Score: Preferably 650+ (some NBFCs accept lower scores).
- Profitability: Demonstrated consistent revenue and growth.
Want more insights on how to prepare your business for funding? Visit our expert insights on business funding strategies .
NBFC Loan Documents Required
To apply for an NBFC business loan, prepare these essential documents:
- KYC Documents: PAN, Aadhaar, Passport, or Voter ID.
- Business Registration Proof: GST Certificate, Udyam Registration, Incorporation Certificate.
- Bank Statements: Last 6–12 months.
- ITR Filings: Last 2–3 years (for higher loan amounts).
- Financial Statements: Profit & Loss, Balance Sheet, Cash Flow.
- Collateral Proof: If applying for a secured loan.
NBFCs often require less documentation than banks, making them easier for small businesses to approach.
Final Thoughts on NBFC Business Loans
NBFC business loans are a smart funding option for startups, SMEs, and MSMEs that require fast, hassle-free financing. Whether you’re expanding your operations, upgrading equipment, or need working capital—NBFC loans offer a practical alternative to traditional banking.
UP TO
₹40 LAKH
MSME Design
Offers support for product design in sectors like agriculture and electronics.
UP TO
₹25 LAKH
RKVY RAFTAAR
Focuses on agri-tech and related sectors, providing funding & incubation support.
UP TO
₹7 LAKH
TIDE 2.0
Supports tech startups in areas like heath tech, and green energy.
UP TO
₹10 LAKH
Nidhi Prayas
Supports physical product based startups across all sectors.
UP TO
₹20 LAKH
Seed Fund
Offers funding for DPIIT recognized startups with innovative & scalable models.
UP TO
₹5 LAKH
Product Development Grant
Provides funding for tech-based hardware/physical products from all sectors.
UP TO
₹50 LAKH
Grant for Textile
Supports technical textiles, focusing on self-reliance and high-performance fabrics.
UP TO
₹20 LAKH
Young Innovators Grant
Provides funding for young innovators under 25 across India.
UP TO
₹1.5 CRORE
Grants for Defence & Aerospace
Targets innovations in defence and aerospace.
UP TO
₹20 LAKH
Pitch-Pilot-Program (3P)
Encourages water solutions innovations, requiring DPIIT recognition for eligibility.
UP TO
₹60 LAKH
NGO Growth Fund
Support NGOs with tech-driven solutions in areas like education and economic empowerment.
UP TO
₹12 LAKH
Pathfinder Grant
Supports initiatives in agriculture, education, gender equality.
UP TO
₹2 L - ₹30 L
Innovation Grant
Provides grants for different stages of innovation, focusing on Kerala-based startups.
UP TO
₹20 LAKH
Samastha Wash Tech
Focuses on water and sanitation solutions and IoT applications.
UP TO
₹15 LAKH
Animal Barn Challenge
Targets startups in animal husbandry and related built environments.
UP TO
₹3 CRORE
Womenpreneur - Initiative
Provides funding support to female-founded ventures across all sectors.
UP TO
₹10 LAKH
CM Udyami Yojana (Br)
Offers grants and loans to various business categories in Bihar.
UP TO
₹10 LAKH
Grant for North East Startup-2024
Promotes startups in the North East in sectors like healthcare and clean energy.
UP TO
₹1.5 CRORE
Business for Impact Grant 2024
Supports initiatives for positive social change in vulnerable communities.
UP TO
₹15 LAKH
Women Startup Scheme (MH)
For Maharashtra-based women-led startups in diverse sectors.
UP TO
₹1 CRORE
Health-Tech Scheme
Targets health tech and biotech startups offering support for product innovation.
UP TO
₹15 LAKH
MSW-2024
Supports startups across sectors like edtech with focus on government-relevant innovations.
UP TO
₹16 LAKH
Inspire Her
Offers grants to women-focused startups with at least an MVP.
UP TO
₹5 LAKH
Agri-Preneur Cohort
Focuses on agri-tech and food processing startups, offering mentoring support.
UP TO
₹5 CRORE
Grant for NGO
Aids NGOs in sectors like environment, health, and education.
UP TO
₹8 LAKH
GIC-2024
Supports youth-led initiatives aligning with the UN Sustainable Development Goals.
UP TO
₹11 LAKH
Grant for Automate
Offers funding for projects in video analytics, AI & ML, and data analytics.
UP TO
₹1 CRORE
Agri-Business Grant
Funds agri-businesses and allied activities, with a focus on several states.
UP TO
₹5 LAKH
Product Development Grant
Provides funding for tech-based hardware/physical products from all sectors.
UP TO
₹10 LAKH
Seed Fund (MH)
Aimed at Maharashtra-based startups in sectors like healthcare and agritech.
Frequently Asked Questions
Find answers to common questions about Government Grants
Which is the best NBFC for business loan?
Popular options include Bajaj Finserv, Tata Capital, Aditya Birla Finance, and L&T Finance. Choose based on interest rates, customer reviews, and loan flexibility.
What is the minimum CIBIL score required for an NBFC loan?
A score of 650+ is ideal, but some NBFCs approve loans for lower scores with higher interest rates.
Are NBFC loans better than bank loans?
NBFC loans are faster, more flexible, and require less paperwork. However, banks may offer lower interest rates for high-credit businesses.
How much loan can I get from an NBFC?
NBFCs offer from ₹50,000 to ₹5 crore, depending on your business profile and turnover.
Can startups apply for NBFC business loans?
Yes. Many NBFCs offer startup loans, focusing on business potential and future revenue.
Still have questions?
process and choose the right option for your startup.
Disclaimer:
The information provided is for educational purposes only. Grant terms and availability are subject to change. Please verify with the official government websites or authorized bodies before making any financial decisions.
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