Business Loan Information & Eligibility
- Unsecured Loan to self employed businessmen involved in Manufacturing, Trading and Service Industry.
- Speedy loan approval
- Loan Amount up to Rs.15 Lakhs. (Up to Rs 30 Lakhs in selected locations).
- Convenience of Service at your doorstep.
- Flexible repayment options ranging from 12 – 36 Months.
- The funds can be used for business expansion, working capital, child's education or home renovation.
- Hassle free processing
- No collateral/ Guarantor/ Security required
Eligibilty
- Self Employed (Private Ltd. Co. and Partnership Firms)
- Self Employed (Individuals)
Self Employed (Private Ltd. Co. and Partnership Firms) include Private Companies and Partnership firms in the Business of Manufacturing, Trading or Services.
Eligibilty for Self Employed (Private Ltd. Co. and Partnership Firms)
- Minimum Turnover of Rs. 40 Lakhs.
- Business must be profit making for the last 2 years
- Years in business: Minimum of 3 years in current business and 5 years total business experience
- Minimum Annual Income (ITR): Rs. 1.5 Lakhs p.a.
Self Employed (Individuals) include - Sole proprietors, Partners & Directors.
Eligibilty for Self Employed (Individuals)
- Minimum age of Applicant: 21 years
- Years in business: Minimum of 3 years in current business and 5 years total business experience
- Maximum age of Applicant at loan maturity: 65 years
- Minimum Annual Income (ITR): Rs. 1.5 Lakhs p.a
Documentation for Business Loan :
Documents required : Self Employed (Private Ltd. Co. and Partnership Firms)
- PAN Card
- Last 2 Years ITRs (computation of income) Balance Sheet and Profit & Loss a/c. Audited or Certified by a CA
- Address Proof (Ration card Tel / Electricity Bill / Lease agreement / Passport / Trade license / Sales Tax certificate)
- Proof of continuation (ITR/ Trade license /Establishment /Sales Tax certificate)
- Bank Statement (latest 6 months bank)
- Sole Proprietor Declaration or Certified Copy of Partnership Deed, Certified true copy of Memorandum & Articles of Association & Board resolution (Original)
Documents required : Self Employed (Individuals)
- Proof of Identity (Passport / Voters ID card / Driving License /PAN Card)
- Latest ITR along with computation of income, Balance Sheet & Profit & Loss a/c for the last 2 yrs. Audited or Certified by a CA
- Address Proof (Ration card Tel/elect. Bill / Lease agreement / Passport / Trade license / Sales Tax certificate)
- Proof of continuation (ITR/Trade license /Establishment /Sales Tax certificate)
- Bank Statement (latest 6 months)
- Other Mandatory Documents (Sole Prop. Declaration Or Certified Copy of Partnership Deed, Certified true copy of Memorandum & Articles of Association (certified by Director) & Board resolution (Original)
