Your eligibility is determined after looking at the following : * Last 2-3 years business financials * Years in business and current level of business activity * Nature of the industry the business operates in and how that industry has fared in recent times * The current level of obligations of the company i.e. the other installments (EMIs), credit limits and other types of finance the company may have * The company's past credit history.
You can avail an unsecured Business Loan ranging from Rs.5 lakh to Rs.30 lakh.
The minimum tenor available for a business loan is 12 months and it can go up to 48 months.
Business Loans are offered usually on a fixed rate basis
You can repay your business loan through either Post Dated Cheques or ECS.
Business Loan (Prop.)
LIST OF DOCUMENTS
– Pan card
– Adhar card
– Latest Electricity bill (office & Resi)
– Latest 1yrs All Current & Savings account banking statement
– Latest complete two ITR with financial
– All running loan account statements (SOA)
– GST Certificate
– Latest 1 year GST return
– Photo