Business Loan

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Product Overview

 

Business Loan is a perfect solution to all your business related urgent financial needs.

Banks and Non-Banking Financial Companies grant business Loan for various purposes like sworking capital requirement, purchasing of fixed assets, business expansion / modernization, technology up-gradation, research and development or any other short-term requirement.

Eligibility for business loan will vary from bank to bank and the loan amount will depend on various factors like your line of business, profitability, financial statements, etc.

  • Easy documentation

  • Convenience of doorstep services

  • Competitive interest rates

  • Faster loan processing

  • No guarantor / collateral required

  • Flexible repayment options

 

  • Loans are granted upto Rs.30 lakhs

  • The loan tenure generally varies from 12 months to 60 months

  • No collateral or guarantor required

  • Minimum documentation

  • Prepayment options available.

  • Minimum age of 21 years and maximum age of 65 years

  • Minimum 3 years of business vintage and 2 years in same line of business.

  • The business should be profit making for atleast last 2 years

  • Audited financials should be available

  • Bank statements and proof of business required.

  • Application form duly signed with photograph

  • Identity, age, and address proof

  • Bank statement for the last 6 months

  • Processing fee cheque

  • Proof of business continuation

  • Company profile

  • Proof of qualification and business existence proof

  • Last 3 years IT returns with computation of tax

  • Last 3 years CA certified, audited financials (Balance-sheet & P&L)

  • Post sanction documentation by the bank/FI

Documents