Business Loan

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Business Loan

Apply for business loan online to help your enterprise take giant strides. Our Business Installment Loan (BIL) fulfills urgent working capital needs, funds expansion, or helps you grab once in a lifetime opportunity.

Business Loan

  • Loans start from Rs. 5.00 to Rs 35 lacs & group exposure upto 50 Lacs.
  • Unsecured loan – No security / No collateral required.
  • Repay with easy equated monthly installments.
  • Simple documentation & Faster processing.
  • The tenure of the loan repayment could range from 12 to 48 months.
  • Interest is calculated on a monthly reducing balance basis.
  • Proprietorship/partnership/Private Limited company.
  • This loan can be used business purpose only.
  • Age 25-65 years of main applicant.
  • Turnover minimum 40 lacs per annum for the last 2 years.
  • Minimum 3 years old company in the same business.
  • Minimum 1year old operation at same place.
  • Profitable business for the last 2 year .
  • Have a clean track record of at least 12 month from any MNC bank.
  • Applicant must own office or residence.

Self Employed

  • Photograph of main applicants.
  • ID proof : Pan card/ Passport/c Driving License.
  • Signature Proof : Pan card/ Passport/Driving License.
  • Age Proof : Pan card/ Passport/Driving License/DOB Certificate.
  • Residence Proof : Passport/ Voter Card/Driving License/Ration Card/ Telephone Bill/ Electricity Bill.
  • Office Proof : Telephone Bill/ Sales Tax registration certificate/ Electricity Bill.
  • Ownership Proof : Electricity Bill/house tax/property pappers.
  • Income Proof : last 2 years audited financial along with audit report with all schedules.
  • Last 6 month main account bank statement.
  • Sanction letter of existing Cash credit or overdraft limit availed by the company.
  • Constitution proof : MOA/ partnership deed.
  • Others : any Govt. registration like service tax, sales Tax, excise.
  • Loan Proof : repayment Schedule of all running loans.
 
 

Suitable For

  • Long term working capital needs.
  • For purchasing machinery, office Furniture & equipments etc.
  • Business expansion.

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