Business Loans

Business Loans

Business Loans are unsecured and they do not need any collateral from the borrower. Business loans can be availed for the purpose of business expansion, machinery purchase, infrastructure development, etc. These are fixed-rate loans with fixed EMIs. Interest rate will not change for the entire loan tenure. Rate of interest may vary depending upon the loan amount and customer profile. Retailers, Manufacturers, Traders, Proprietorship Firms, PVT Ltd companies, SME, MSME, Partnership Firms, Professionals – Chartered Accountant Doctors, etc., are eligible for Business loans.

Documents for Business loan

• Passport size photo.
• PAN card, Aadhaar card (Proprietor, Partners, & Directors & Company).
• Business Address Proof.
• Business vintage for the last 3 years.
• 6 & 8 months’ bank statement Current/Savings.
• 3 years Income Tax Return (ITR) Balance sheet P&L (Proprietor, Partners, Directors & Company). All financial documents audited/signed by a chartered accountant.
• GST Registration Certificate and returns.
• Existing Loan Details (Proprietor, Partners, & Directors & Company).