The Small Business Loan amount that you can avail depends on certain factors. The loan amount an individual is eligible to borrow varies based on their banking, bureau score and business income. During the calculation of the loan amount, business entities, business income and liabilities are taken into account. You can always get in touch with us to know more on the subject.

The loan amount which you are eligible to borrow may differ on the basis of your business income. At the time of calculating the loan amount, your business income, business transactions in your business bank account as well as expenses are considered.

After you apply for a Small Business Loan with us and your documents and proofs have been verified, the loan amount is disbursed to you as soon as possible. You can apply for an instant Small Business Loan with us to get the process started

Interest rates for Small Business Loans with us are fixed on the basis of the cost of funds, risk assessment, cost of operations, etc. and may vary for different schemes and different borrower categories. The recovery of processing charges as decided from time to time can also take place.

However, for our gold loan customers opting for Small Business Loans will have a special rate of interest.

Small Business Loans from us are available for self-employed individuals (proprietor, partners, directors).

In terms of Small Business Loan eligibility, you should know that we may stipulate fulfilment of particular minimum criteria such as net business income, age, business vintage, nature of business and owning a house / office/ shop depending on the person’s risk profile. We, at Muthoot Finance also possesses the right to not approve an application if any of the criteria are not fulfilled, or without having to assign any particular reason.

There is no fixed time as to when you can apply for Small Business Loans as they are essentially loans for business purposes. Whenever you have a requirement, you can opt for a Small Business Loan from us. Some of the common reasons for which people apply for Small Business Loan include working capital gap, business expansion, purchasing stocks, capital expenditure, among others.