What Is a Startup Business Loan?
A Startup Business Loan is designed to support budding entrepreneurs in building or expanding their new ventures. These loans are usually unsecured and can be used for office setup, product development, marketing, hiring, or inventory.
With Vizzve Finance, startups can access funding with minimal hassle, tailored documentation support, and fast-track processing.
Key Features of Startup Loans via Vizzve
| Feature | Details |
|---|---|
| Loan Amount | ₹50,000 to ₹50 Lakhs |
| Repayment Tenure | 1 – 5 years |
| Interest Rate | Starting from 10%* p.a. |
| Collateral | Not mandatory (for most startups) |
| Disbursal Time | Within 24–72 hours (post-approval) |
| Purpose | Product R&D, working capital, equipment, etc. |
Who Can Apply?
First-time entrepreneurs
Tech or non-tech startups
Freelancers starting a formal business
Home-based business founders
Sole proprietors or private limited companies (up to 7 years old)
Documents Required
PAN & Aadhaar of founder
Business registration or Udyam certificate
Business plan or revenue model
6 months bank statement (personal or business)
GST details (if applicable)
Office address proof (rent agreement, electricity bill)
Eligibility Criteria
Age: 21 to 45 years
Startup age: Less than 7 years
Turnover (optional): Under ₹25 crore (for some govt schemes)
Credit score: 650+ preferred (but not mandatory for all)
Government Schemes for Startup Loans (Vizzve Can Help)
| Scheme | Benefit |
|---|---|
| Stand-Up India | Loan for SC/ST & women entrepreneurs (₹10L–₹1Cr) |
| Startup India Scheme | Easier access to credit, incubation & tax benefits |
| CGTMSE | Credit guarantee for collateral-free loans |
| SIDBI Startup Loans | Seed funding + mentorship |
Why Choose Vizzve for Startup Loans?
Personalized eligibility check
Expert assistance in preparing business plan
Access to private & government loan options
Fast, digital approval & support
Low EMI options & top-up eligibility
FAQs
Q1. I have no business revenue yet. Can I still apply?
Yes, with a solid business plan and registration, Vizzve helps you access early-stage funding.
Q2. Is a credit score mandatory?
Not for all loans. For small-ticket or government schemes, business viability is more important.
Q3. Can I apply without a co-founder?
Yes, even solo founders can apply for startup loans with Vizzve.
Published on : 24th July
Published by : SMITA
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RBI-Registered Loan Partner | 10 Lakh+ Customers | ₹600 Cr+ Disbursed