Business Loans
Business Loan Features & Benefits
A Business Loan or Commercial Loan can help you set up or expand your business. We understand that business finance is essential for existing firms in different phases of expansion, and thus we make procuring a business loan in India easy and simple. Our flexible business finance offerings come with terms that scale up to your needs. Here are some key features
Loans for all types of businesses
Business and commercial loans support businesses with big and small requirements. Borrow from Rs 3 Lakh to Rs 75 Lakhs. No security or collateral is required for obtaining a business loan.
Flexible Tenures
Our flexible tenures on loans make repayment easy; you can choose your loan tenure for any period between 1 and 5 years*.
*Subject to conditions
Easy Application
We provide door-to-door service so that you can submit your application from the comfort of your office or home.
Borrow more if you need
You can borrow more money by using the top-up facility available for existing borrowers.
Business Loan Eligibility Criteria
Provides unsecured business loans to a wide variety of small, medium and large enterprises, and professionals. We also provide top-up facilities for existing business loan customers who may require more credit at a later date.
- Sole proprietorship firms
- Private limited companies and closely held limited companies
- Partnership firms
- Self-employed individuals / professionals – CAs, Doctors, etc.
- Retailers
- Manufacturers
- Traders
b. The business must have been in existence for a minimum period of 3 years
c. The company’s turnover should be more than Rs 1 Crore
d. The company’s profit after tax (PAT) for the last two years should be positive
e. Minimum Age: 28 years; Maximum Age: 68 years, at loan maturity
f. Good credit rating score in credit bureau
Documents Required for Business Loan
Please review the business loan document checklist here:
Photo Identity Proof
( Self-attested copy of any one document* )
- Passport
- Pan Card
- Voter ID Card
- Driving License
- Aadhaar Card
Address Proof
( Self-attested copy of any one document* )
- Ration Card
- Passport
- Bank Account Statement
- Aadhaar Card
- Driving License
- Electricity Bill
- Telephone Bill
- Sale Deed/ Property Purchase Agreement (for owned properties)
Income proof
( Self-attested copy of any one document* )
Latest ITR
- Latest Audited Financials
Last 6 Months’ Bank Statement
Business proof
( Self-attested copy of any one document* )
Qualification Certificate/Certificate of Practice (COP)
Shop Act License/ MOA & AOA/ Sales Tax/ Vat registration/ Partnership Deed
*Requirement of business loan documents might vary according to the scheme chosen.
Get In Touch
Get In Touch
Address
Phone
+91 9347325897
