Business Loan

# Business Loan

Growing your business and happines

Business loan is the primary unsecured type of funding, designed to meet the day-to-day business requirements of business owners or enterprises. Borrowers are not pressurized to submit any collateral or security to avail unsecured business loan.

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Eligibility Criteria

  • Age Criteria: 18 years to 55 Years
  • Indian Citizen with no criminal background
  • Applicant with good credit score and no past loan defaults, if any
  • Fees & Charges, Income, Business Turnover, Operational History, Business Vintage, Credit score and Profitability Criteria shall be defined by the respective financial institution
  • About Business Loan

    Business loan is the primary unsecured type of funding, designed to meet the day-to-day business requirements of business owners or enterprises. Borrowers are not pressurized to submit any collateral or security to avail unsecured business loan.Business loans can be used for business expansion purposes, manage cash flow, buy equipment/machinery, hire/train staff, purchase raw materials, upgrade inventory and much more.customers can avail collateral-free up to Rs. 1 crore with flexible and customized repayment options.

    Documents Required

    Recent Passport-sized PhotographsIdentity Proof - PAN card, Aadhaar card, Valid passport, Voter's ID card, Driving LicenseAddress Proof - Voter's ID card, Aadhar card, Passport, Driving license, Utility bill, Water Bill, Electricity BillBusiness Address ProofProof of business existence for last 3 yearsLast 6 months' bank statementLast 3 years’ Income Tax Return (ITR)Balance sheet and Profit & Loss account statementFinancial documents audited/attested/signed by Certified CACopy of Trade LicenseSales Tax CertificateCertified Copy of Partnership DeedGST Registration CertificateProof of ownership of the possessions used for business activities

    How Does the Business Loan Work?

    If you take a loan for new business from a bank or lender, you shall receive a lump sum amount that you need to repay in a defined period of time that is in form of EMIs, at an interest rate that can be fixed or floating rates. The repayment tenure ranges from 12 months to 5 years. In some case the repayment tenure may exceed as per the sole discretion of the lender.

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    Business Loan Type

    Shapes your business with highest level of support and curated financial solution.