Business Loan
OVERVIEW
We offer collateral-free EMI based business loan which anables to expand, invest and help in your working capital needs.you can expand your business your business or upgrade your equipment and machinery easily with the help of a business loan.
FEATURES
- Hassel free disbursement
- Flexible tenure
- Convenient borrowing
- Competitive Interest Rates
BENEFITS
- No Collaterals
- Flexi EMI Options
- Faster Processing and quick Disbursal
ELIGIBILITY
- Self Employed individuals, Proprietors,Private co. And Partnership Firms
- Minimum of 25 years of age and maximum of 65 years
- Your business should have been making profit for 3 consecutive financial years
- Your business should have its Income tax Returns filed for at least 2 year
- Turnover should be on a positive trend
- Balance sheet has to be audited by a registered chartered accountant.
DOCUMENTATIONS
- Standard Application form
- Passport size Photograph
- KYC Documents
- Business Proof:Certificate of business existence
- Relevant Financial documents
- Bank statement for last 12 months
- Repayment Track Records/SOA
FAQ's
How much loan can I avail of Business Loan?
You can avail of a loan from Rs. 5,00,000/- to Rs. 30,00,000/- depending on your income, repayment capacity and related factors.
What Security do I need to Provide to abtain a Business Loan?
To obtain a loan, there is absolutely no need to provide any security or collateral.
Whats are the loan tenure options for Business Loan?
You can repay your loan over a period of 12 to 48 months.
Is the interest rate, fixed or floating?
Interest rate is fixed.
What is the mode of repayment?
You can repay through Post Dated Cheques and NACH.
What do I need to do to avail a Business Loan?
To avail the business loan, simply click Apply Loan.
What is the eligibility criteria for a Business Loan?
We offer business loans to both professionals and non-professionals, who are self-employed. Among self-employed professionals, we also offer exclusive loans for doctors with special features such as competitive business loan interest rates and quick approvals. (can be deleted )