Business Loan
Managing finance is arguably the most important component of any business. Timely finance is the key to making the most of business opportunities. Keeping this in mind, we offer you a host of innovative products and services which are customized to meet your evolving financial needs that can make all the difference to your bottom line.
If you have Turnover greater than 1 Cr and Business is running from 3 years, we provide you a Collateral Free Business Loan.
Business Loan Documents
Documents Required
- ID Proof
- Address Proof
- Proof of Continuity Of Business
- Bank Statement 6 Months
- Experience: 5 years (for qualification like MD, DM, CH, MCH, MDS, MS) and 7 years (for MBBS, BDS). Experience period will be counted after the internship of any course.
- Board Resolution (If pvt ltd co. is co-borrower/Partnership Authorization Letter {if partnership firm is co-borrower}
- ITR & Statement Of Computation of Income – for last 2 Years
- CA Certified or Audited P/L Acc Statement and for >40 Lacs cases Audit report along with schedules of P&L and Balance Sheet – for last 2 years
- Latest ITR of Co-Applicants – For last 2 Years
- Highest Professional Degree for the Qualification Proof
- Ownership Proof of Residence or Office
Business Loan Eligibility
Eligibility Criteria
Who is Eligible for business loan ?
Any person who is running a legitimate business with good earnings can go for a business loan. Banks have certain criteria to validate on how much and whom to give. This is on the basis on.
- Type of the business- ie Proprietorship, Partnership, Pvt Ltd or Public Ltd.
- Turnover of the business.
- Profit of the business.
- Cash flow of the business.
- Track record and type of business.
