Business Loan
A business loan is financing provided by banks, financial institutions, or online lenders to help businesses cover operations, expansion, or other financial needs. It can be used to start a business, manage daily expenses, buy equipment, expand facilities, or invest in growth opportunities.
Documents Required for Business Loan:
Identity Proof
Residence Proof
Income Proof
PAN Card/ Valid Passport/ Aadhaar Card/ Election Card
Aadhaar Card/ Valid Passport/ Election Card
I.T.R. Slip Last 2 year (Minimum ITR 2.5 lakh)
G.S.T. Certificate, Bank Statement Last 6 Month, Bank Passbook, Passport size Photo-2.
Criteria And Charges
- Minimum age of 18 years and maximum 59 years at loan maturity
- Apply Loan Amount Min. 1 Lac Max. Loan Amount 20 Lakh.
- Tenure Min. 1 Year Max. 20 Year.
- File Charge 3690 / of the File (3,190 /- will be refunded by loan Amount)
- Rate of interest 5.75% Flat per annual.
