Purvajafin

Your Gateway to Success with Our Business Loan Solutions.

Business Loan

Whether you are planning expand your business or starting up a new enterprises, Purvaja has a wide array of unsecured business loan solutions of up to Rs.40 Lakh* to support you. Our flexible solutions help you take care are not just your capital requirements but also short-term and working capital needs towards everything from buying or replenishing inventory, to purchasing equipment, to office expansion, to business marketing, and even paying for additional staff. With over a decade of experience serving small business owners, we at Purvaja strive to provide the best business loans in India as per the requirement of every unique customer across various sectors including retail, e-commerce, and travel.

Based on the information you provide on your online small business loan application, we provide you with solutions that best fit your needs.

Purvaja Business Loan - Features & Benefits

Apply online for business loan today, and begin to manage your account on our simple but highly powerful dashboard. With our seamless online tracking process, you can manage and change your custom preferences in seconds. Other benefits include:

  • Flexible loan facilities: With our flexible loan facility, you repay your loan within upto 48 months* as per your convenience. Thus, you can ensure that your repayment schedule matches your cash flow. There are also options for foreclosure that allow you to prepay the loan amount without any extra charges*.
  • Servicing capital requirements: We offer quick and easy finance for up to to small businesses. Our competitive interest rates ensure that your cost of capital remains low.
  • Small business loans within 24 hours*: We understand that opportunities do not knock twice. This is why we have transparent business loan eligibility criteria and minimal documentation requirements that allow you to get the funds when you need them.
  • No collateral: With Purvaja, you can get collateral free business loans* and needn’t pledge your personal or business assets to finance your small business.
  • Pre approved solutions: Our small business loan products come with pre- approved offers for your capital needs. You can also get a higher loan top-up amount and choose repayment tenure up to 48 months* as per your convenience.
  • Online account access: You can track and manage your business loan account anytime, anywhere and across devices (desktop, mobile, or tablet) using our service portals and mobile applications.

*Terms and conditions apply

Business Loan Eligibility

Some of the basic eligibility criteria for business loan from Purvaja are as follows:

  • Eligible Entities- Self employed with own business or proprietor/partner/director of an existing business
  • Nationality- Resident Indian
  • Age criteria- Age between 25-65 years
  • Turnover. Minimum annual turnover of INR 10 lakhs per annum and profit after taxes of INR 2 lakhs per annum
  • Business Experience- Must have a business that has been existing for at least 3 years, with stable income and profits for the past 2 years
  • Credit Score- CIBIL score of 750 or higher
Documents for Business Loan

At Purvaja, documentation for business loan application involves basic KYC documents (PAN, Address proof), Bank Statements and business documents. Here is a list for your quick reference.

  • Recent photograph
  • Valid Identity Proof such as PAN card, Driving License,Aadhar,Voters ID
  • Valid Address Proof such as Electricity bill, Passport
  • Bank statements
  • GST or ITR
  • Income proofs
  • Proof of Business existence (like Certificate of Incorporation, etc.)

For a more complete list, please visit the Business Loan Documents page or speak with our customer care representative.

How to apply?

To apply for business loan online, visit Purvaja’s Apply Now page to start the application process.

  1. Click on Business Loan or SME Loan based on your requirements.
  2. Enter the information requested and upload the necessary documents.
  3. Enter the loan amount and select tenure
  4. Based on the information you enter, you will be given an instant decision – that is, you will be informed immediately if the organization will consider your application going forward.
  5. If yes, you will be given a reference number. Please save this number for future communication.
  6. A Purvaja representative may get in touch with you for any further information that may be required.
  7. Your loan application will go through various stages of verification, which also includes verification of all documents as well as physical address verification & document collection.
  8. After verification is complete, you will be given a customised offer on the loan amount as well as the rate of interest.
  9. Post approval, the loan amount will be disbursed to your bank account.
Frequent Questions
What are the interest rates on business loans?

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What are the alternatives to business loans?
  • Business credit cards.
  • Crowdfunding.
  • Angel investors.
  • Grants.
What are the fees associated with business loans?
  • Origination fees (percentage of loan amount).
  • Prepayment penalties.
  • Late payment fees.
  • Annual maintenance fees.
Any Questions? Let’s talk

We aim to serve customers who are in need of immediate funds as well good return on their investments.