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Unsecured Business Loan Basis GST Returns

Your GST return can now get you a business loan. Under GST program, loans are offered based on the GST returns to MSME customers both self employed professionals and non-professional business owners (retailers and service providers). Business owners can now leverage their GST returns to avail high value GST loans for quick business funding.

  • Short-term Loans
  • Approvals with 100% digital process
  • Loan up to ₹10 lakhs without collateral

165+

YEARS OF EXCELLENCE

3.8+ Cr.

ACTIVE CUSTOMER BASE

1300+

BRANCHES ACROSS INDIA

₹3.9 Lakh Cr.

AUM AS OF JUNE, 2023

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Reasons to Buy your Unsecured Business Loan Basis GST Returns Loan from NGCFCL Finance Limited

No Branch Visits


  • No Branch Visits

    Apply from home and our team will collect the required documents from your home or office for a seamless experience.

Collateral-free Loans


  • Collateral-free Loans

    Get the loan without the need for collateral. Share key details and receive instant approval for business growth.

Instant Loan Disbursal


  • Instant Loan Disbursal

    Get instant disbursal, thanks to our efficient online processing

Convenient Online Application


  • Convenient Online Application

    Apply online in just three simple steps. No need to wait for months or go anywhere.

Tailored Repayment Options


  • Flexible Tenure

    Tailor your repayment plan to suit your financial goals with our flexible tenure options, ranging from 12 to 36 months.

Unsecured Business Loan Basis GST Returns Loans Features and Benefits

Eligibility Criteria for Unsecured Business Loan Basis GST Returns Loan

Go through the financial and non-financial eligibility criteria explained below to make your loan application process easy:
Non-Financial Eligibility CriteriaFinancial Eligibility Criteria

25-67 years old 

For > Rs. 10L, GST Turnover > 2cr** 

Established for a minimum of 2 years 

Business profitable for 2+ years 

CIBIL score should be 680 or higher 

No LIVE Overdraft facility    

Office set up with name board 

 6 months bank statement*** 

On-time GST3RB and GSTR1 filings   

Active and regular GST for more than Rs. 5 Lacs* 

Documents (Digitally fetched) Required for a Unsecured Business Loan Basis GST Returns Loan

Completing the Unsecured Business Loan Basis GST Returns Loan applications carefully is crucial for entrepreneurs to increase their chances of approval. So, what are the documents required for an Unsecured Business Loan Basis GST Returns Loan? Here’s the list of documents required for an Unsecured Business Loan Basis GST Returns Loan application for different types of businesses:
Type of Loan DocumentsSole ProprietorsIndividual Business Owner

Current Account Bank Statement for the Last 6 Months

The entity name on the bank statement should match the name on the business proof submitted.

The business owner's name on the bank statement should match the name on the business proof submitted.

Business Proof Documents

1. GST Form

2.1. If the GST Form is >= 24 months old, either an Udyam Registration Certificate (URC) or any 1 of the following documents needs to be submitted:

  • FSSAI
  • Shop Act License
  • Medical Council of India
  • ICAI – Certificate of Practice
  • ICSI – Certificate of Practice
  • Import Export License

2.2: If the GST Form is less than 24 months old, then URC is mandatory

1. Udyam Registration Certificate (URC)

2.1. If the Udyam Registration Certificate is less than 24 months old, any one of the following documents needs to be submitted:

  • FSSAI
  • Shop Act License
  • Medical Council of India
  • ICAI – Certificate of Practice
  • ICSI – Certificate of Practice
  • Import Export License

Note: The issued date of the document chosen from this list should be >= to 24 months.

KYC Document

  • Aadhaar Card
  • PAN Card
  • Aadhaar Card
  • PAN Card

FAQ's

A. Maximum tenure offered for GST based loan is 36 months.

A. We offer competitive interest rates for our loan facilities. The interest for each loan is determined based on assessment of your business profile, past track record, financial records, loan amount required and ten-ure of loan.

A. We offer GST based loan to professionals and business owners including doctors, CA, CS, ICWA, engineers, ICWA, traders, manufacturers, retailers and service providers.

A. Repayment shall be monthly, including principal and interest. You can repay a business loan and its EMI through the following channels:

  • At the branch
  • ECS
  • Net Banking

A. The loan is completely collateral free, provided, it is based on assessment of your business profile, past track record and GST returns.