What is Business Loan
in Bihar?

Bihar has many young entrepreneurs and business owners who are either starting-up or expanding their business ideas.  It is obvious that a business can never show linear growth, at times when you think that a business is lacking finance, it is apt to opt for a Business loan. A Business loan is a type of financial aid provided by Banks and NBFCs to people who are facing financial crises. This loan can either be secured i.e. a loan that requires security to be pledged in banks, or unsecured i.e. a loan that is given based on the creditworthiness of a person.
Business Loans in Bihar can be availed by Business owners who have passed the eligibility criteria. The interest rate for Business Loan starts from 14% for an unsecured business loan and 8.5% for a secured business loan. 

What is Business Loan in Bihar?

Eligibility and Documentation
For Business Loan in Bihar

Age: The age of the borrower should be between 21-60 years. 
Citizenship: The borrower must be a citizen of India
Business Vintage: The business must be running for 3 years. 
CIBIL Score: 700 or higher

Documents required for Business Loans in Bihar are mentioned below
1. Adhaar Card
2. PAN Card      
3. Photo     
4. GST Registration       
5. UDHYAM Registration      
6. GST Returns       
7. Financial details of the company      
8. Bank statement for one year      
9. Details of the running loans 

Eligibility and Documentation For Business Loan in Bihar

How to apply for
Business Loan in Bihar

Mentioned below is the process to apply for Business Loan in Bihar today
1. Visit the website of My Mudra and search for the section on Business Loan. 
2. Click on Apply Now for applying for Business Loan. 
3. Get your documentation done online. 
4. Get your business loan approved and disbursed in the shortest interval of time from My Mudra.

How to apply for Business Loan in Bihar

Which banks to apply for Business Loan in Bihar?

Banks and NBFC

Interest Rate



Axis Bank


Standard Chartered Bank


IDFC Bank 





Business Loan EMI Calculator

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Frequently Asked Questions
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