Frequently Asked Questions
Find answers to common questions about our financial solutions
How can we help you?
General Questions
What is LoanBazaar?
LoanBazaar is a specialized financial solutions platform dedicated to providing funding support for businesses across India and overseas. We connect businesses with appropriate funding solutions based on their specific needs.
Is LoanBazaar a lender?
No, LoanBazaar is not a lender or NBFC. We are a fintech platform under Govt of India's Startup India initiative that connects businesses with banks and NBFCs to get appropriate funding solutions.
How does LoanBazaar make money?
LoanBazaar charges a service fee for successfully connecting businesses with the right funding partners and facilitating the loan process. Our fees are transparent and disclosed upfront.
Application Process
How do I apply for funding through LoanBazaar?
You can apply for funding by filling out the application form on our "Apply Now" page or by contacting our team directly. We'll then guide you through the required documentation and next steps.
What documents are required to apply?
The required documents depend on the type of funding solution you're seeking. Generally, we need company registration documents, financial statements, bank statements, KYC documents for directors, and specific documentation related to the funding type (e.g., invoices for invoice discounting).
How long does the approval process take?
We pride ourselves on a quick turnaround time with approvals typically within 24 hours after receiving all required documentation. Actual fund disbursement may take additional time depending on the funding type and partner institution.
Products & Services
What funding solutions does LoanBazaar offer?
We offer a comprehensive range of funding solutions including Sales Invoice Discounting, Purchase Invoice Discounting, Letter of Credit Discounting, Bank Guarantee Discounting, Heavy Machinery Finance, Capex Finance, Project Finance, Import/Export Finance, and more.
What is invoice discounting and how does it work?
Invoice discounting is a funding solution where businesses sell their unpaid invoices to a financier at a discount to get immediate cash. This helps improve cash flow without waiting for customers to pay. The financier pays you up to 90% of the invoice value upfront and the remainder (minus fees) when the customer pays.
Does LoanBazaar provide international funding solutions?
Yes, we offer international funding solutions including Letter of Credit Issuance, Bank Guarantee Issuance, Project Finance, Import Finance, and Export Finance to support global trade operations.
Eligibility & Terms
Who is eligible for LoanBazaar funding solutions?
Our funding solutions are available to registered businesses in India, including Private Limited Companies, LLPs, and Proprietorships. Eligibility criteria vary by product but generally require a minimum operational history and revenue threshold.
What interest rates does LoanBazaar offer?
Interest rates vary based on the funding solution, business profile, risk assessment, and market conditions. We work to secure competitive rates from our network of financial partners.
What is the minimum and maximum funding amount available?
Our funding solutions range from ₹10 lakhs to ₹500+ crores, depending on the product and business requirements.
DSA Partnership
How can I become a DSA partner with LoanBazaar?
You can register as a Direct Selling Agent (DSA) through our DSA Onboarding page. After submission, our team will review your application and contact you with next steps.
What benefits do DSA partners receive?
DSA partners receive competitive commissions, access to multiple financial products, marketing support, and a dedicated relationship manager to help grow your business.
Still have questions?
Our team is here to help you get the funding solution that's right for your business.
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