Business Loan
A business loan is financial assistance provided to small businesses and entrepreneurs to meet their capital requirements. These loans are used to fund various aspects of the business, like expansion, growth, and other strategic initiatives.
In India, a lot of leading banks offer business loans to entrepreneurs and businessmen at competitive rates of interest. Read on to know more about the business loans offered in India.
Key Features
- Easy access to funds
- Competitive interest rates starting from 10.23% p.a.
- Flexible repayment tenures up to 4 years
- Loan amount up to Rs.1 Crore
- Quick and hassle-free application process
Eligibility Criteria
- Resident of India
- Minimum age: 24 years
- Maximum age: 70 years
- Have decent Credit Score
Documents Required
- PAN Card for Company, Firm or Individual
- Proof of ID, in the form of, copy of Aadhar Card, Passport copy, Voter’s ID copy, driving license.
- Bank statement (last 6 months)
- Sole Proprietorship Declaration or certified copy of Partnership Deed.
- Proof of continuation (ITR/Trade License/Establishment/Sales Tax Certificate)
- Latest ITR along with computation of income, balance sheet and P&L account for the last 2 years. All financials must be CA certified or audited.
Ready to Apply?
Get started with your Business Loan application today. Our team will guide you through the entire process.