Business loans are the foundations of any business. Businesses need capital, either to fund activities or simply to start up a venture and begin turning a profit.
Purpose of the Loan
To meet the business goals
Minimum Annual Income- 1.2 Lakhs.
For loans up to Rs. 1Cr.- 70% of the value of the respective property
For loans above Rs. 1 Cr.-75% of the value of the respective property
A maximum repayment period of 5 years.
Rate of Interest
3-5% of the loan amount + GST.
Two guarantors of good means.
Address Proof (Passport / Aadhar Card /Driver’s Licence / Voters ID)
Income Proof - 3 Months' Salary Slips / 3 Year ITR
Bank Statements for last 6 months of main operational/salary bank account
Company ID Card / Shop Act
Light Bill Photo Copy
Passport Size Photograph
Photo, Photo ID, Residence proof, Income Proof