Business Loan
A business loan is short term unsecured loan required for business purposemostly for day-to-day operations, expansion, growth, or marketing.Business loans give financing to business owners in the form of a lump sum payment or a credit line.In exchange for this capital, your company undertakes to repay the borrowed funds, plus interest and fees, over time.Loans are based on an applicant's financial records, credit score, and income, among other factors.
Business Loan Eligibility Criteria
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Eligible Age: 21 Years to 65 Years
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Eligible Person: Individual and Self Employed
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Annual Turnover: ₹ 1 Crore and Above
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Business Vintage: Minimum 3 Years required
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Other Eligibility: Borrower should haveeither a self owned house or work place
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Credit Score: 650 and Above
Business Loan Interest Rate
| Interest Rate |
Ask Us |
| Processing Fee |
1% to 3% |
| Loan Tenure |
12 Months to 36 Months |
| Loan Amount |
Starts from ₹ 5 Lakhs |
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Documents for Proprietorship:
| KYC Documents |
Residential Proof |
| Aadhaar Card |
Aadhaar Card |
| Pan Card |
Passport |
| Voter Id Card |
Voter Id Card |
| Driving License |
Driving License |
| Passport |
Telephone Bill |
|
Gas Bill |
|
Electricity Bill |
| Business Proof |
Firm Constitution |
| Gumasta |
GST Certificate |
| Registered Rent Agreement(if the Premises is rented) |
|
| Income Proof |
Bank Proof |
| ITR for 3 Years |
1 Year Bank Statement |
| Financial Statement for 3 Years |
|
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Documents for Partnership Firm:
| KYC Documents |
Residential Proof |
| Pan Card(Individual/for Company) |
Aadhaar Card |
| Aadhaar Card |
Passport |
| Voter Id Card |
Voter Id Card |
| Driving License |
Driving License |
| Passport |
Telephone Bill |
|
Gas Bill |
|
Electricity Bill |
| Business Proof |
Firm Constitution |
| Shop Establishment or any other Business Proof |
GST Certificate |
| Registered Rent Agreement(if the Premises is rented) |
Partnership Deed |
| Income Proof |
Bank Proof |
| ITR for 3 Years |
1 Year Bank Statement |
| Financial Statement for 3 Years |
|
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Documents for Private Limited company:
| KYC Documents |
Residential Proof |
| Pan Card(Individual/for Company) |
Aadhaar Card |
| Aadhaar Card |
Passport |
| Voter Id Card |
Voter Id Card |
| Driving License |
Driving License |
| Passport |
Telephone Bill |
|
Gas Bill |
|
Electricity Bill |
| Business Proof |
Firm Constitution |
| Registration Certificate |
GST Certificate |
| In-corporation Certificate |
Memorandum of Association |
| Shop Establishment or any other Business Proof |
Article of Association |
| Registered Rent Agreement(if the Premises is rented) |
|
| Income Proof |
Bank Proof |
| ITR for 3 Years |
1 Year Bank Statement |
| Financial Statement for 3 Years |
|
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Documents for Existing Loan (If Existing):
| Existing Loan (IF ANY) |
| Sanction Letter |
| Statement of Account |
