Business Loan
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- Business Loan
| To whom | Proprietorship firm, Partnership firm, Pvt Ltd Company, Trust. |
| Criteria | 3 Yrs / 2 Yrs / 1 Yr |
| GST registration certificate | |
| Annual turnover – 10 L – 50 L & above | |
| Own house proof | |
| Bank statement – 1 year (SB+CA+CC) | |
| Trade license | |
| Cibil – 700 | |
| Existing loan obligation then RTR, SOA | |
| Applicant | Business entity/unit |
| Co applicant | Owner of business |
| KYC | PAN, Aadhaar card, Income proof, FOIR |
| For Company | |
| Last 2 Yrs Audited B/S, P&L, 3CB, 3CD including ITR & computation. | |
| Last 1 year bank statement (all Banks’ a/c) | |
| Latest CC sanction letter (if any) | |
| MOA/AOA, PAN & company registration certificate | |
| TIN and GST registration certificate of company | |
| Office address proof – Telephone bill/any other registration certificate (Telephone bill/Passport copy/Electric bill) | |
| All directors – PAN, Aadhaar card & residence address proof
(Telephone bill/Passport copy/Electric bill) |
|
| Any 1 director’s – ITR with computation (last 2 Yrs) | |
| GST return file copies (GSTR-3B) last 1 year | |
| Any other loan details (statement and sanction letter) | |
| Latest shareholding certificate | |
| Certificate of Incorporation (proof of company name) |
| For Proprietorship firm | Last 2 year ITR with computation of proprietor |
| Last 2 years Audited balance sheet with audit report (form 3CB & 3 CD) of firm. | |
| GST registration of firm | |
| Office address proof (Telephone bill VAT/GST certificate | |
| Bank statement last 1 year (CASA, CC) in pdf format | |
| CC and any other loans sanction letter (if any) | |
| PAN &Aadhaar card of the proprietor. | |
| Residence address proof of the proprietor
(DL/Aadhaar/passport/electricity bill) |
|
| GST return copies (GSTR 3B) last 1 year | |
| Own house proof –
(holding tax/water bill/sale deed copy/patta copy of house) |
|
| Co-applicant’s PAN &Aadhaar card | |
| Photo – 2 + 2 | |
| All existing loan statements as on date (last 1 year) |
| Loan Amount | Minimum – 1 -5 lakhs |
| Maximum – 1 Cr | |
| Loan Tenure | Minimum – 1 year |
| Maximum – 3 years | |
| Loan Interest rate | Flat rate – 8.5% to 12% |
| Reducing – 15% to 19% | |
| Banks | NBFCs |
| Flat – 8% to 9% | Flat – 10% to 15% |
| Reducing – 15% to 17% | Reducing – 18% to 22% |
| Processing fee | Bank –1% to 1.5% |
| NBFC – 2% to 2.5% | |
| Insurance | 1% to 1.5% |
Interested in a loan?
Please feel free to contact us. We will get back to you within 1-2 business days.
Schedule Consultation