Special Offers| Bank Name | Interest Rates | Processing Fees |
| HDFC BANK | 14.00%-22.00% | 1.50%-2.25% |
| ICICI BANK | 16.00%-22.00% | 1.50%-2.50% |
| AXIS BANK | 15.00%-20.00% | 1.50%-2.50% |
| ADITYA BIRLA | 16.00%-25.00% | 1.75%-2.75% |
| IIFL FINANCE | 17.00%-22.00% | 1.75%.2.50% |
| IDFC FIRST BANK | 15.50%-22.00% | 1.50%-2.75% |
| STATNDARD CHARTERED | 15.50%-20.00% | 1.75%-2.75% |
| TATA CAPITAL | 17.00%-22.00% | 1.50%-2.50% |
| L&T FINANCIAL SERVICES | 16.00%-21.00% | 1.50%-2.50% |
| BAJAJ FINSERV | 16.99%-21.99% | 1.99%-2.50% |
| PIRAMAL CAPITAL | 18.00%-24.99% | 2.50%-3.50% |
| Mentioned Interest Rates, PF and Charges Are Subject to Change and It is Sole Discretion of RBI, Bank and NBFC. | ||
- 1303 A/13 Govindpuri Kalkaji 110019 Address
- +91-8405050564 Call Now
- info@banksloan.com Email Address
Apply for Business Loan
Apply now and get instant approval for Business Loan
Business Loan
A business loan is a specifically intended for businesspurposes.As with all loans, it involves the creation of a debt, which will be repaid with added interest. There are a number of different types of business loans.To start a business, business loan is primary financial product availed by company or individuals proprietor. Your Business Loan can be Secured, where you give Collateral Such as your Company inventory, Land or Machinery and Unsecured Loan where you do not need to give Collateral.
Features of Business Loan:
| Loan Amount | You Can Avail Business Loan up to 1 Cr Loan Amount as per your income eligibility. |
| Interest Rate | Reducing Interest Rate. Starts at 14% onwards. |
| Processing Fee | Up to 2% |
| Tenure | 1 Year to 4 Years. Depends on Profile and Nature of Business. |
| Processing time | Only 2 working days Required for Sanction after process your application |
| Flexible Prepayment | Flexible Prepayment option available in Business Loan which makes it attractive. |
| Foreclosure Fee | As per Bank Agreement |
| Collateral | Not Required For Business Loan |
Eligibility Criteria For Business Loan:
| Eligibility Criteria | Eligibility Criteria Details |
| Age | Minimum Age 21 years and Maximum 65 Years at the time of Loan Maturity |
| Annual Turnover | 50 Lacs& Above |
| Cibil Score | Minimum Cibil score of 700 with no any default in Past |
| Business Vintage | Minimum 3 years Old |
| Resident | Indian Only |
| Who Can Avail Business Loan | Individuals, Professionals, Sole Proprietorships Firms, Partnership Firms, LLP, Pvt Ltd and Public Limited Companies |
Documents Required for Business Loan:
| Required documents | Required Documents Details |
| Photo | Passport size photo |
| Id proof | Pan Card / Aadhar Card / Passport / Voter Id Card / Driving Licence |
| Address proof | Aadhar Card / Passport / Voter Id Card / Driving Licence / Mobile Bill / Telephone Bill / Electricity Bill / Water bill |
| Company kyc | Company Pan Card / Partnership Deed / Office Address Proof / Share Holding Pattern (as per your firm type) |
| Gst | Gst registration and last 12 months gst returns |
| Financial documents | Last 2 years complete financial- itr, computation of income, profit and loss statement, balance sheet, audit report, moa & aoa (as per your firm type), |
| Bank statement | All current/ saving/ od account last 12 months statement |
| Ownership and business vintage | Ownerhsip proof & trade licencse, vat registration, tin no registration, 3 years old current account statement |
| Existing loan statement | Existing/running loan statement/sanction letter, if any |
Business Loan Interest Rates Details:
Feel free to share your requirement with us
Make your dream project with us and stay tension free.