Business Loan
Working capital, equipment or expansion. Built for shops, firms and growing startups.
- Starting rate
- 11.25% p.a.
- Amount
- ₹2,00,000 – ₹2 crore
- Tenure
- 1 – 10 years
- Processing fee
- Up to 1.5%
- Unsecured up to ₹50 lakh
- Overdraft and term loan options
- GST-based quick underwriting
- Seasonal repayment options
- Business vintage of 3 years or more
- Annual turnover ₹20 lakh or more
- Profitable in the last 2 years
- Owner aged 24–65
- Aadhaar and PAN (owner)
- Last 2 years’ ITR and financials
- GST returns (12 months)
- Last 12 months’ current-account statements
| Charge | Amount |
|---|---|
| Processing fee | Up to 1.5% + GST |
| Foreclosure | 4% in first 2 years |
| Cheque bounce | ₹500 per instance |
How it works with Loan Buddy
- RegisterName, email, mobile. Verify by email.
- ChatAnswer simple questions in English or हिन्दी.
- ReviewCheck the filled form, add your documents.
- DecisionA loan officer reviews and updates you.
04 — EMI calculator
Know your EMI before you ask
Move the sliders. Amounts are shown the Indian way: lakh and crore.
FAQ
Quick answers
What is Loan Buddy?
Loan Buddy is RayBank’s AI loan assistant. You chat, it fills your application, and you review before submitting. You can switch to the regular form any time.
Who can apply, and what documents do I need?
Salaried and self-employed Indian residents aged 21–65. You’ll need an Aadhaar photo, PAN, and income proof. Loan Buddy tells you exactly what applies to your loan type.
Is my Aadhaar number safe?
Your Aadhaar number is stored encrypted and is shown only as XXXX XXXX 1234 on screen, including to our staff.
Can I repay my loan early?
Yes. Prepayment rules depend on the loan type. Ask Loan Buddy for the policy and it will quote the source article.
Does Loan Buddy approve my loan?
No. Loan Buddy collects and checks your details. A RayBank loan officer reviews every application and makes the decision.