Business Loan
It is not uncomplicated for an enterprise to be in business if the association is not supported by loans. Business loans are needed for the purpose for growth and nutrition of an enterprise. Entrepreneurs venturing into a new business or planning to see business development can see things really experience in their favour if they have enough capital to support their entrepreneurship aim. Economic institutions that offer loans help entrepreneurs to surety themselves out of their crippled state. Business loans are provided by banks to setup enterprises. Business loan is found to be vital for any enterprise to put up a firm footing in business. Be it the primary stage or growth phase, resources is required to keep up with the impetus. Money is essential for office setup, development and even to meet other related expenditure & infrastructure. Private and public sector banks provide business loans to help entrepreneurs realize their business aim. Business loans serve as a torch to lead an enterprise through the scary road of financial crisis and open the world of opportunities.
Features & advantage of Business Loan
- Easy repayment option-12 to 36 months
- Very low rate of interest
- Instant Loan approval
- Loan up to Rs. 1 Crore. According to your needs.
- Maximum eligibility of your income
- Doorstep document pickup facility
- No Guarantor/No collateral/No Security
- Minimum Documentation
Document Required for Business Loan
For self-employed/Prop. /Partnership/Pvt. Ltd.
Proprietorship firm
- Photograph
- Pan card
- Last 3 yrs. ITR with Complete profit & Loss Accounts & Balance sheet
- Last 1 Year Bank-Statement up to date (All current & Saving accounts)
- GST Registration
- GSTR-3B 1 Year
- All running loan proof if any
- Provisional balance sheet & projected balance sheet till year
- Latest CC limit Sanction letter
- Proof of address (office & Residence)
Partnership firm
- 2 Photograph (Both Partners)
- Pan card (Both Partners)
- All partners address proof
- Pan Card (firm)
- Partnership deed
- All partners ITR with computation income last 2 yrs. (individuals)
- Last 3 yrs. ITR with Complete profit & Loss Accounts & Balance sheet
- Last 1 Year Bank-Statement up to date (All current & Saving accounts)
- GST Registration
- GSTR-3B 1 Year
- All running loan proof if any
- Net worth statements on till date
- Provisional balance sheet & projected balance sheet till year
- Latest CC limit Sanction letter
- Proof of address (office & Residence)
For Pvt. Ltd. Company
- 2 Photograph (All Directors)
- Pan card (Company & Directors)
- Last 3 yrs. ITR with Complete profit & Loss Accounts & Balance sheet
- All Directors ITR with computation income last 2 yrs. (individuals)
- Memorandum of articles
- Last 1 Year Bank-Statement up to date (All current & Saving accounts)
- GST Registration
- GSTR-3B 1 Year
- All running loan proof if any
- Last 12 months VAT Return
- Net worth statement on till date
- Provisional balance sheet & projected balance sheet till yr.
- Latest CC limit Sanction letter
- Proof of address ( Directors office & Residence)