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Business Loan Eligibility Criteria :-
Business loan is purely unsecured loan. Type of loan which does not require any property or collateral for the loan. Business loan is similar to a personal loan. Business loan helps you for the expansion of an existing business. This loan is specially designed to meet your all the business requirements.
Purpose of Business Loan:-
- Business loan for working capital
- Business loan for business expansion
- Business loan for developing business and Infra
- Business loan for Purchase of Machinery or Equipments
- Business loan for paying your credit to your suppliers
Features & Benefits :-
- Loan amount up to 1.00 CR
- Repayment Tenure 12 months to 60 Months
- No guarantor or security required
- Attractive rate of Interest
| Sr. No | Particulars | Criteria |
|---|---|---|
| 1 | Age | 24 Years to 60 Years |
| 2 | Minimum Loan Amount | 3,00,000/- (3 Lakh) |
| 3 | Maximum Loan Amount | 1,00,00,000/- (One Crore ) |
| 4 | Loan Tenure | 24 to 60 Months (2 to 5 Years) |
| 5 | Rate of Interest | Starts from 11.99 % |
| 6 | Collateral | N.A. |
Business Loan Documents
- ID Proof - Pan Card & Adhar Card
- Address Proof - Passport / Electricity Bill / Registered Rent Agreement / Index
- Income Proof - Last 3 Years ITR with Computation of Income, P& L And Balance Sheet
- Banking - Last 1 Year Bank statement of Current & Saving Account
- Business Proof - Shop Act Licence / Partnership Deed, MOA/AOA
- Who can Apply - Sole Proprietorship/ Partnership Firm / Pvt. Ltd. Firm / LLP
- GST Certificate - GST File return for last 2 years
- 2 Photos of Applicant & Co Applicant