Proprietorship - Working capital is the amount of money required for the day-to-day operations of a business, including rent, salaries, utilities, raw materials, and other essential expenses.
Partnership - Working capital is the amount of money required for the day-to-day operations of a business, including rent, salaries, utilities, raw materials, and other essential expenses
Private Limited Company - Working capital is the amount of money required for the day-to-day operations of a business, including rent, salaries, utilities, raw materials, and other essential expenses.
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Discover why our Loan Against Property is the right choice for your financial needs.
Experience instant eligibility checks and fast approval with minimal paperwork.
Avail up to 70% of your property's value at attractive interest rates.
Choose from repayment periods up to 15 years to suit your comfort.
Get funds credited to your account within 48 hours of approval.
Revolving credit facility
Pay interest only on utilized amount
Flexible repayment tenure up to 4 years
Online account management
100% digital process
Business vintage: 3+ years
Annual turnover: ₹1 Crore+
Profitable operations
Good credit score (650+)
Interest Rate
12% - 18%
Max Amount
₹20 Crores
Tenure
12 Months Renewable
Processing Fee
1%-2% of loan amount
A proprietorship business, or sole proprietorship, is a type of business entity owned and run by a single individual. This structure is common among small businesses and entrepreneurs due to its simplicity and ease of establishment. Here’s a breakdown of its main features:
The business is owned by one person, who has full control over decision-making and operations.
The owner is personally liable for all debts and obligations of the business. This means personal assets (like a home or savings) can be at risk if the business incurs debt or faces legal issues.
Income generated by the business is reported on the owner’s personal tax return. This pass-through taxation can simplify the tax process.
A partnership is a business structure where two or more individuals share ownership and management responsibilities. This arrangement allows partners to collaborate, pool resources, and share profits and losses. Here’s an overview:
Partnerships involve two or more people who contribute to the business, sharing profits, losses, and decision-making.
A partnership is often governed by a partnership agreement that outlines roles, responsibilities, profit-sharing, and dispute resolution methods.
Partnerships typically operate as pass-through entities, meaning profits and losses are reported on the partners' personal tax returns, avoiding double taxation.
A Private Limited Company (Pvt Ltd) is a business entity privately held and limits the liability of its shareholders. Commonly used for small to medium-sized enterprises, it offers a professional management structure and flexible ownership.
Ownership is divided into shares, which are held by a small number of individuals or entities. Shares cannot be publicly traded.
Typically requires a minimum of two shareholders and can have a maximum (as per jurisdiction, often 200).
Managed by a board of directors. Shareholders can also hold director roles and participate in company management.
Read on to know the criteria required to apply for our Working Capital.
Get funds quickly to meet your short or long-term business goals with ease.
Experience quick loan approval and disbursal for uninterrupted operations.
Choose repayment terms that best suit your business’s financial flow.
Get professional assistance to guide you through the loan process smoothly.
Our loans come with transparent terms and customer-friendly policies.
| Age Requirement | Borrower should be aged between 25 and 65 years. |
|---|---|
| Eligible Entities | Entrepreneurs running their own businesses can apply to fund operations. |
| Revenue Requirement | For larger loans, annual revenues may need to be between ₹25 lakhs and ₹1 crore or more. |
| Experience Criteria | Businesses should show 2–3 years of profitability and financial stability. |
| Profitability | Lenders look for consistent or increasing profits through recent P&L statements. |
| Minimum Revenue | Many lenders may require a minimum annual revenue of ₹1–1.5 lakhs. |
Read on to know the documents required to apply for our Business Loan.
The list of documents to be submitted varies based on the type of business entity. Submit the following documents to begin the loan process:
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IQFin made my business loan experience smooth and transparent. Their team was responsive and explained each step clearly. Highly recommended!
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