| Each business is unique & have specific requirements.Business loan is offered by various banks & financial institutions and are customized & customer centric. These are made to offer the business owners with the wide array of financing alternatives.
Why choose a Business loan?
Features and Benefits:
- No collateral
- Loan amount ranges from Rs.1,00,000 to 50,00,000.
- Simplified documentation
- Quick approvals and disbursals
- Attractive rates of interest
- Transfer your existing loans at ease
- Convenient borrowing
Eligibility criteria :
Self Employed Professionals
This type of category includes doctors, chartered accountants, company secretaries, & architects etc. This is subject to the applicants who have the proof of qualifications & are practicing their profession.
Self Employed Non Professionals :
This type of category includes Proprietors, Private Ltd. Co. and Partnership Firms involved in the business of Manufacturing, Trading or Services.
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Business vintage should be of minimum 3 years |
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The business should have a minimum turnover of Rs. 50 lakhs with a minimum ITR of 2.5 lakhs |
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Those whose business has been profit making for the previous 2 years |
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Age – 21 to 65 years |
Documentation
- Identity proof such as PAN Card, Aadhaar Card or Voter ID Card
- Address proof such as Aadhaar Card, Passport, Driving License or Voter ID Card.
- Bank statement of the previous 6 months
- Latest ITR along with computation of income, Balance Sheet and Profit & Loss account for the previous 2 years, after being CA Certified/Audited
- Proof of continuation (ITR/Trade license/Establishment/Sales Tax Certificate)
- Proof of ownership of the possessions which are used for business purposes
- Other Mandatory Documents [Sole Prop. Declaration Or Certified Copy of Partnership Deed, Certified true copy of Memorandum & Articles of Association (certified by Director) & Board resolution (Original)
- A passport size recent photograph
- Practice certificate in case of Self employed professionals.
Post-sanction documentation
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- Loan Agreement duly signed
- ECS Form and Security Cheques required for SI and ECS
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Interest rates and fees
| Interest rate |
14.00% onwards* |
| Loan Tenure |
1 year – 4 years |
| Processing fees |
Differs from bank to bank |
| Pre-payment charges |
Differs from bank to bank |
* The exact interest rate differs from bank to bank as well as on the basis of the loan amount, the loan tenure, your income level as well as your credit history.
Why us
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Our business loans come with a host of benefits and are tailormade to meet your unique business needs. |
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We offer among the best business loans with complete transparency and competitive interest rates. Also, our business loans do not require any security. |
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We offer doorstep service at your convenient time. Not just that, we even coordinate with the banks and follow up on your behalf. |
Few special products :
- AUTO LOAN SURROGATES : On the basis of your auto loan running, you can get a business loan also.
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- Eligibilty – To be eligible, 8 EMI’s must be paid.
- Tenure - Loan tenure is of maximum 4 years.
- Additional documents: Auto loan track is mandatory. Blue book is required.
- Attractive rates of interest with minimal processing fees.
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- HOME LOAN SURROGATES : On the basis of your home loan running, you can get a business loan also.
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- Eligibilty - To be eligible, 18 EMI’s must be paid.
- Tenure - Loan tenure is of maximum 4 years
- Additional documents : Home loan track is mandatory.
- Attractive rates of interest with minimal processing fees.
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- SELF EMPLOYED PROFESSIONALS LOANS :
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Eligibilty – Doctors, Chartered Accountants, Architects, Company Secretaries and Professionals involved in self practice or consulting.
The applicant should be atleast 25 years at the time of applying for a loan. Individuals should have minimum 3 years of post-qualification experience
- Tenure - Loan tenure is of maximum 4 years
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Additional documents : Registration certificate and highest qualification certificate is mandatory
- Attractive rates of interest with minimal processing fees.
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