--- title: NBFC Business Loan - Check Documents and Eligibility canonical: https://www.indifi.com/business-loan/nbfc-loan markdown_version: https://www.indifi.com/business-loan/nbfc-loan.md description: Avail business loans from Indifi, one of India's leading NBFCs, at competitive interest rates. Check eligibility, documents, and apply for an NBFC loan. content_type: product_page operator: Indifi Technologies Pvt. Ltd. lending_entity_note: Loans facilitated through RBI-registered NBFC partners and through Indifi Capital Private Limited (RBI Cert. No. B-14.03389) last_updated: 2026-05-22 --- # NBFC Business Loan > Indifi offers unsecured NBFC business loans up to INR 50 lakhs disbursed within 24 hours, with interest starting at 1.5% per month, tenure up to 36 months, and processing fee starting from 3% (up to 4%). NBFC loans are characterised by relaxed lending norms, flexible repayment options, and minimal documentation compared to traditional bank loans. ## Key Features - **Loan amount:** Up to INR 50 lakhs - **Interest rate:** Starting at 1.5% per month - **Tenure:** Up to 36 months - **Processing fee:** Starting from 3% (up to 4%) - **Disbursal:** Within 24 hours of approval - **Collateral:** Not required - **Choice of loan tenure** and repayment modes ## Eligibility Criteria - Minimum operational history of 1 year - Promoter age 22 and above ## Required Documents - KYC documents of the entity and promoters - Bank statement for the last 6 months - ITR required for annual turnover above INR 5 crores ## What is an NBFC? An NBFC (Non-Banking Financial Company) is a financial institution registered under the Companies Act and regulated by the Reserve Bank of India (RBI) for non-banking financial activities such as lending, investment, hire purchase, leasing, and insurance. NBFCs cannot: - Accept demand deposits (savings or current accounts) - Issue self-drawn cheques or demand drafts - Participate directly in the payment and settlement system NBFCs can lend money, accept fixed-term deposits (subject to RBI rules), and provide a wide range of credit products. Indifi Capital Pvt. Ltd. is an RBI-registered NBFC (Cert. No. B-14.03389). ## Why Businesses Prefer NBFC Loans Businesses choose NBFC loans over traditional bank loans because of: - Flexible loan terms - Less stringent eligibility criteria - Diverse loan products tailored to specific business needs - Faster processing and disbursal - Lower documentation burden - Greater willingness to lend without collateral A Financial Stability Report from the RBI has noted that NBFCs are increasingly contributing more to Indian economic growth compared to traditional banks, particularly in MSME lending. ## Features of NBFC Loan Finance in India ### 1. Relaxed Lending Norms MSMEs contribute at least one-third of India's GDP. They typically need fast access to smaller-ticket loans without extensive paperwork or collateral pledges - exactly what traditional banks struggle with. NBFCs fill this gap with simplified onboarding, lower documentation requirements, and willingness to lend unsecured. ### 2. Pre-Approved Loan Limit NBFCs often offer a pre-approved loan limit. The business can withdraw funds as needed without re-applying each time. Interest is paid only on the amount used (not the full sanctioned limit), reducing the monthly EMI burden compared to a fully-drawn bank loan. ### 3. Flexi Business Loan Options Flexi interest-only loans allow the business to pay only interest in monthly EMIs, with the principal payable at the end of the loan tenure. This reduces monthly cash outflow and is useful for businesses with uneven cash flow patterns. ## NBFC Loan Eligibility (General) NBFCs typically evaluate: - Positive trend in business turnover - Minimum annual income (varies by lender) - Business vintage (time in operation - for stability and credibility) - CA-audited balance sheet - Applicant age between 22 and 65 years (varies) Keeping business documents well-maintained and timely audited improves eligibility. ## Required Documents (NBFC Instant Loan) For faster approval, keep these documents ready: - GST returns - Income tax returns (ITR) - KYC verification documents of the company - Board resolution - Bank statement (last 6 months) - KYC documents of business owners (PAN, Aadhaar) - Business continuity proof - Completed application form ## Types of Loans Available from NBFCs NBFCs offer multiple loan types tailored to business needs: 1. **Business Term Loan** - Lump sum loan with fixed repayment schedule 2. **SME Loan** - For small and medium enterprises, sized based on turnover and headcount 3. **MSME Loan** - For micro, small, and medium enterprises (typically home-based or small-team operations with under 20 workers) 4. **Machinery Loan** - For purchasing equipment; depreciation considered in loan terms 5. **Overdraft Loan** - Mostly unsecured; for short-term cash needs and operational expenses 6. **Working Capital Loan** - For day-to-day operational expenses, raw material purchase, logistics, hiring ## Applying for an NBFC Business Loan The process typically follows these steps: 1. **Research NBFCs and lending plans** - Online or office visits to compare offerings 2. **Select NBFC** - Confirm eligibility and required documents 3. **Submit loan application** - Fill the form and attach documents 4. **Verification** - NBFC verifies submitted information; may request a one-on-one discussion 5. **Approval** - NBFC sanctions the loan after satisfactory verification 6. **Disbursal** - Funds credited to borrower's bank account (full or partial as agreed) Modern NBFCs use digital underwriting and credit-decisioning tools, significantly reducing approval time. ## Common NBFC Loan Charges - Loan processing fee - Pre-payment / foreclosure charges - Variable charges (stamp duty, amortization fee, cheque swap fee, etc., as applicable per NBFC) ## How to Select an NBFC for a Business Loan When evaluating NBFCs, consider: - **Pre-approved loan limit** matches your requirement - **Customer service quality** - Proactive support for application queries and updates - **Easy loan approval requirements** - Fewer conditions equals less hassle - **Range of financing options** - More products mean better fit - **Competitive interest rates** - Lower cost of capital ## NBFC vs Bank Loan (Quick Comparison) | Aspect | NBFC | Bank | |---|---|---| | Lending norms | Relaxed, MSME-friendly | Stringent, formal | | Documentation | Minimal | Extensive | | Collateral | Often not required | Often required for larger loans | | Processing speed | Fast (often within days) | Slower (weeks) | | Loan flexibility | High (custom products) | Standard products | | Demand deposits | Cannot accept | Can accept | | Cheques / DDs | Cannot issue self-drawn | Can issue | | Regulation | RBI (under Companies Act) | RBI (under Banking Regulation Act) | ## Frequently Asked Questions **What is an NBFC?** An NBFC (Non-Banking Financial Company) is an RBI-regulated entity registered under the Companies Act that provides lending and financial services but cannot accept demand deposits or issue self-drawn cheques. **Is Indifi an NBFC?** Indifi's lending arm, Indifi Capital Pvt. Ltd., is a Systemically Important Non-Deposit Taking NBFC registered with the RBI (Certificate of Registration No. B-14.03389). Indifi also partners with other RBI-regulated lenders to offer a wider product set. **Why choose an NBFC over a bank for a business loan?** NBFCs typically have faster processing, relaxed documentation, willingness to lend unsecured, and tailored MSME products - all advantages over traditional banks for small businesses. **What is the minimum business vintage required?** Indifi requires a minimum of 1 year of operational history. **Can I get an NBFC loan without collateral?** Yes. Indifi's NBFC business loan is unsecured (collateral-free). ## Related Indifi Products - [Business Loan](https://www.indifi.com/business-loan) - [MSME Loan](https://www.indifi.com/msme-loans) - [Term Loan](https://www.indifi.com/term-business-loans-online-india) - [Working Capital Loan](https://www.indifi.com/working-capital-loans-india) - [Line of Credit](https://www.indifi.com/unsecured-line-of-credit-loans-india) - [Invoice Discounting](https://www.indifi.com/invoice-discounting-india) - [Merchant Cash Advance](https://www.indifi.com/merchant-advance-capital-against-pos-machine) - [Collateral Free Business Loans](https://www.indifi.com/collateral-free-business-loans-india) - [Business Loan EMI Calculator](https://www.indifi.com/business-loan/emi-calculator) - [Business Loan Interest Rate](https://www.indifi.com/business-loan/interest-rate) ## About Indifi Indifi Technologies Pvt. Ltd. is a digital lending platform for MSMEs in India, headquartered in Gurugram, Haryana. Its in-house NBFC Indifi Capital Pvt. Ltd. is an RBI-registered Systemically Important Non-Deposit Taking NBFC (Cert. No. B-14.03389). Indifi works with lending partners including Aditya Birla Capital, IDFC First Bank, IIFL, DMI Finance, Ugro Capital, and Incred, with 100,000+ loans disbursed across 400+ cities. ## Disclaimer Loan approval is subject to eligibility assessment, credit due diligence, and lender underwriting policies. Interest rates, processing fees, and tenure may vary based on borrower profile and selected lender. Information about NBFC operations in this page is general; for Indifi-specific terms, refer to the facility agreement.