Avail no ITR loans for up to
₹20 lakhs
Get customized credit
solutions for Micro Enterprises
Avail no ITR loans for
up to ₹20 lakhs
Get customized credit solutions
for Micro Enterprises
-
Collateral-free loans
up to ₹5 lakhs -
Maximum loan tenure of 144 Months
-
Seamless digital journey with upfront eligibility
-
Widest outreach
across 17 states -
Loans disbursed
within 4 days
-
Collateral-free loans
up to ₹5 lakhs -
Maximum loan tenure of 144 Months
-
Seamless digital journey with upfront eligibility
-
Widest outreach
across 17 states -
Loans disbursed
within 4 days
Micro Business Loan (Pragati)
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
Key Features
24/7 agent service at your doorstep
Seamless digital journey with upfront eligibility
Loan amounts up to ₹20 lakhs and tenure up to 144 months
Credit/shop insurance cover with lowest premium
Loans disbursed
within 4 days
131 branches present across 17 states
ELIGIBILITY
- Self-Employed Individuals
- Sole Proprietors and Partnership Firms
- Age requirements:- Minimum: 23 years at the time of taking the loan & Maximum: 68 years at the time of loan redemption
- Clear record in terms of past loans and statutory payments
- Good credit rating score in credit bureau
- Minimum 3 years of business continuity
- Eligibility assessment basis Banking and Cash Flow
- Proof of Identity
- Proof of Address
- PAN/Form 60
- Last 6 months' Bank Statement
- Business Existence Proof
- Proof of Property ownership
FEES & CHARGES
Find out about our minimal and transparent fees & charges
FREQUENTLY ASKED QUESTIONS
I want to start a business. Can I get a Pragati Business Loan?
No, you cannot. Your business should be running for at least 2 years to apply for small business loans.
Which basic KYC documents are required for this small business loan?
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.
Do I need any business documents to get a Pragati Business Loan?
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.
