The invention provides a method for preparing a meal replacing biscuit with balanced nutrition for weight losing. According to the method, raw materials including 50 parts of flour, 1-5 parts of greentea powder, 10-20 parts of dietary fiber, 5-10 parts of Chinese chestnut powder, 5-10 parts of sorghum flour, 5-10 parts of wheat flour, 1-3 parts of radix notoginseng powder and 1-2 parts of vitaminD complex are taken, 10% ethanol is added, the materials are uniformly mixed, yeast powder is added, fermentation is performed at the temperature of 35-40 DEG C for 2 h, then water accounting for 1.5times the volume of dough is added, the materials are stirred uniformly, formed dough is obtained with a biscuit mold, reduced-pressure distillation, baking and cooling are performed, and the formedbiscuit is obtained. By adding the green tea powder, the Chinese chestnut powder, the sorghum flour and the wheat flour during production, the nutritional value of the biscuit is increased, calories of the biscuit are reduced effectively through cooperation with the radix notoginseng powder and the vitamin D complex, when the radix notoginseng powder and the vitamin D complex are mixed with the dietary fiber, content of pectin and hemicellulose in the dietary fiber can be increased under the action of ethanol, and the water binding capacity and the water absorbing and swelling properties are improved.