Micro Business Loan (Pragati) by IDFC FIRST Bank is an offering for small businesses with big dreams. Our customized credit solution caters to the needs of Micro Enterprises. Our team of experts guides you through a seamless journey of availing this credit facility. We offer multiple benefits such as flexible repayment options for loans ranging from ₹25,000 to ₹20 lakhs, best business loan interest rates, quick and easy documentation.Read More
Take the next step for your business with loans from IDFC FIRST Bank.Read Less
No, you cannot. Your business should be running for at least 2 years to apply for small business loans.
For this business loan without collateral, you need to provide at least one OVD (Aadhaar/Passport/Driving license/ Voter ID) with your correct name, date of birth, current address, and PAN. If PAN is not available, your Form 60 will have to be filled and submitted for verification.
Yes, you need to provide proof of business as well as the proof for your business’ existence in the same place for at least 2 years to get a bank loan for business.