Business Loan

Business loans have a higher interest rate than those on secured 'home and car' loans. At present, many leading banks and NBFCs offer such loans at interest rates of as low as 14.00%. However, the rate applicable to a borrower is contingent on key factors, including credit score, income level, loan amount and tenure, previous relationship (savings account, loans or credit cards) with the lender, etc.

Application form with Passport-sized Photographs KYC documents of applicants, partners, co-applicants PAN Cards of applicants, partners, co-applicants Business address and vintage proof Bank statement for the previous 12 months Income Tax Returns – Last two years GST Certificate and Returns (If applicable),
Other Documents: Sole Proprietor Declaration, Certified Copy of Partnership Deed, Certified true copy of Memorandum, and Articles of Association which must be certified by Director and original copy of Board resolution, Existing Loan SOA (Statement of account).