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Business Loan: Business loan acts as fuel to meet day to day operations, working capital needs, expansion of business and trade related activities.
What are the loan tenure options for Business Loan?
You can repay your loan over a period of 12 to 48 months
What security do I need to provide to obtain a Business loan?
To obtain the loan, there is absolutely no need to provide any security or collateral. Its based on your business income Bank/NBFCs can provide the loan.
How much loan can I avail of Business Loan?
You can avail of a loan from Rs 50,000/- to Rs 75,00,000/- depending on your income, repayment capacity.
How long will it take for me to get a Business Loan?
Once you submit your application form and supporting documents, we shall give approval within 5 – 10 working days provided every document is in order. All loan approvals are at the sole discretion of the bank/ NBFCs
How do I repay my Business Loan?
You pay the loan in equated monthly instalments. The loan will be paid through post-dated cheques, through Standing Instructions to debit your Bank account or Through ECS EMI amount.
Can I repay the loan earlier for Business Loan?
Yes, you can choose to repay your loan any time after 6 months of taking the loan and after you have paid 06 EMIs along with applicable foreclosure charges. ( Pre-closer charges applicable for some banks/NBFCs )
Application Form and Photo
ID Proof - PAN Card of Business as well as Partners/Directors
Sign Proof - PAN Card
Office Address Proof - Latest Land Line Telephone Bill/ postpaid mobile bill. (Not more than Two Months Old)
Residence Address Proof - Latest Land Line Telephone Bill (Not more than Two Months Old)/passport/Driving license/postpaid mobile bill.
Property Proof - Latest Electricity Bill/sale deed/water bill