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.

a. Provides business loans to :

      • 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

We recommend that you put together your documents before you apply so that the application can be processed faster. We provide a business loan document checklist for your convenience, but please keep in mind that additional paperwork may be required.

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

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Get In Touch

Address

#103, Plot No 28, Mohammed’s Castle, Madhura Nagar, Beside Allahabad Bank, Yousufguda Road, Hyderabad-500 0038.

Phone

+91 9347325897

Whatsapp

+91 9347325897

Email

info@loangenie.co.in
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