Business Loans We Offer
The entrepreneur applied for a business loan to finance the expansion of their startup.
Bank Name | Bank | Interest rate | Loan Amount Range | Maximum Tenure |
|---|---|---|---|---|
U GRO Capital | 16% - 18% | 10Lakhs - 50Lakhs | 36 Months | |
Hero FinCorp | 16% - 18% | 10Lakhs - 75Lakhs | 36 Months | |
TATA Capital | 16% - 18% | 10Lakhs - 75Lakhs | 36 Months | |
IDFC Bank | 16% - 18% | 10Lakhs - 75Lakhs | 36 Months | |
SMFG India | 16% - 18% | 10Lakhs - 75Lakhs | 36 Months | |
Axis Bank | 16% - 17% | 10Lakhs - 75Lakhs | 36 Months | |
Aditya Birla | 16% - 18% | 10Lakhs - 75Lakhs | 36 Months | |
YES Bank | 16% - 18% | 10Lakhs - 75Lakhs | 36 Months | |
Kotak Mahindra Bank | 15% - 16% | 10Lakhs - 75Lakhs | 36 Months | |
ICICI Bank | 15% - 16% | 10Lakhs - 75Lakhs | 36 Months | |
HDFC Bank | 15% - 16% | 10Lakhs - 75Lakhs | 36 Months |
ELIGIBILITY CRITERIA FOR BUSINESS LOAN
INCOME Method
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Business Vintage - 3 Years
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Turn Over - 1 crore and above
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ITR - Last 2 years
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Banking Surrogate
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Business Vintage - 3 Years
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Turn Over - 1 crore and above
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ITR - Based on current account transactions and OD account transactions
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GST Surrogate
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Business Vintage - 3 years
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Turn Over - Based on GST returns
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ITR - Last 1 year
DOCUMENTS REQUIRED FOR BUSINESS LOAN
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To complete the Know Your Customer (KYC) process, the proprietor, is required to submit proof of identity (PoI) and proof of address (PoA), along with their PAN card, while the applicant and co-applicant must also furnish KYC documents, including PoI, PoA, PAN cards, passport-sized photographs, and relevant income proofs.
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To submit KYC documents is mandatory for all partners. This includes providing 100% documentation compliance, encompassing PoI, PoA, PAN cards, and any additional necessary verification for each partner involved in the firm.
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In compliance with regulatory standards for a Limited Company, it is imperative for the KYC process that detailed documentation is submitted for the 51% shareholders
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No. of Enquiry -No Issue
- Latest Loan Credit - No Issue
- OD account acceptable
- Residence Proof
- Business Proof
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The proprietor should own a house and must provide the related documents and proofs.
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Bank Statement are to be submitted only in PDF format.
Partners
