Business Loan

Who is eligible for business loan?
Business loan helps traders, businessmen and professionals to start or expand their commercial activities. The loan can be secured against a collateral in the form of property, finished goods, etc or can be availed without keeping any collateral security. This unsecured business loan is more expensive than secured business loan.

Features for Business Loan

  1. No collateral
  2. Loans upto Rs. 50 Lakh
  3. Competitive pricing
  4. Eligibility
  5. Business Vintage – Minimum 3 years
  6. Turnover – Rs. 30 Lakhs to Rs. 10 Cr
  7. Age – 21 to 65 years Documentation

Last 2 years ITR PAN Card / Form 60 for all applicant / Co-applicant / Guarantor Audit Report KYC Documents Fees and Charges Normally lender charges a fee of up to 2.5% of loan amount towards the processing of loan. The lender may charge you a penalty for early closure of loan.

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