Drive your Business Forward 

A business loan is a loan that's used to fund the day-to-day operations of a business. They're often used to cover day-to-day operating expenses such as payroll, rent, and other bills that come up without enough time to save money. They can also be used to make large purchases such as equipment or a franchise. They're the most common form of loans for small business owners.

There are a wide variety of business loans to choose from when getting started. Some of the most common types of business loans include: - start-up loans - small business loans - term loans - expansion loans - equipment loans - working capital loans - acquisition loans - line of credit, and more.

There are a lot of advantages to getting a business loan. The most common advantage is that a business loan is much easier to get than traditional loans. You don't need to prove yourself or show any personal collateral, which makes it much easier to get a loan in a short amount of time. Another advantage of a business loan is that it allows you to make large purchases without having to put as much money down.

Business loans are applied for by people who aim to establish, expand or buy equipment for their businesses. Entrepreneurs who look for capital to begin their businesses also apply for business loans.

The qualification criteria for an business loan vary among lenders, but typically include factors such as the business's creditworthiness, financial stability, cash flow, and collateral (if required).

Yes, we have a very fast loan-lending process with three steps. Application submission, Approval and Disbursal. This process takes a maximum up to three days while banks may take 8-10 working days. On the other hand, we have very reasonable and lower interest rates. Also, we don't require any collateral or property for security. It makes our loans unsecured and less risky for you. We do not take any additional penalty for a loan foreclosure and there are no hidden payments and charges with our business loans.

Even though our loans are faster than banks, we urge you to provide correct documents and follow the online application process thoroughly so that the loan approval doesn't have any stoppages.

You can check your application status on Vitto mobile app after login.

Yes you can avail a loan at any credit score but it inadvertently increases the interest rates. It is advisable that you should improve your credit score and then apply.

Yes. Vitto business loans are all-in-one products which can be used for many short-term functions such as working capital management, inventory management and purchasing equipment.

Yes. The majority of business owners use their business loan to make large purchases such as machinery, equipment, and a franchise for their business. The business owner can use the business loan to purchase the asset, make a down payment on the purchase, and then use the rest of the business loan proceeds to make the remaining payments on the business loan over the next few months. This allows the business owner to use the business loan proceeds for a larger purpose than just operating the business.

No, the whole process of taking loans is automated online. The document verification too occurs online and thus provides a hassle-free loan application process.

If your business is thriving and sales are up, full repayments at once are possible. You won't have to keep paying multiple EMIs every month. This is called loan foreclosure or prepayment. However, you have to pay an extra amount called foreclosure charges if you wish to proceed with loan foreclosure.

With Vitto, one can opt for a foreclosure without any additional charges. There no such hidden costs.

All business loans under Vitto do not require collateral and hence are unsecured.

The interest rates for business loans can vary depending on factors such as the lender's policies, the borrower's creditworthiness, loan amount, and repayment period.

Yes. The due date of the EMI payment can be changed.

The amount of business loan you can get will depend on a variety of factors, including your company's size, industry, and credit history. Most businesses start with a small business loan, which typically ranges from Rs.50,000 to Rs.10 lakhs. As your business grows, you may be able to get a larger business loan, which can be used to fund your expansion, purchase equipment, or make large purchases.

To apply for a business loan: Step1: Install the Vitto App and register with your mobile number. Step2: Click on Business Loan icon on Home Screen, select relevant product. Step3: Fill out the profile details. Step4: Eligibility will be checked based on your CIBIL score & other parameters. Step5: If eligible, then select the loan amount. Step6: Fill Income Details, Family Details, etc to complete the application. Step7: Upload necessary documents like Registration Certificate, Electricity Bill etc. Step8: Once all details are verified, Loan will be disbursed in your account.

The applicant should be a minimum of 18 years and a maximum of 65 years.