Widen your business spread with collateral free business loan
Loan amount
Get up to a maximum of ₹ 100 Lakhs
Interest Rate
Interest Rate between 12.00% to 24.00%.
Tenure
Repay loans in easy instalments from 12 to 48 months as per your repayment choice
Processing Fees
A processing fee of up to 3% of the loan amount and requisite documentation charges are applicable, and the same is deducted from the loan amount at the time of disbursal
Loan Eligibility
Type of Company
Partnership firm (Including Limited Liability Partnership firms), Sole Proprietorship entity and Private Limited Companies (including closely held limited companies)
Business experience
Minimum 3 years of business operation
Age
23 years of age and under 65 when the loan matures for Sole Proprietorship entity
Minimum annual income
Business must be profit-making for 2 previous years Minimum annual turnover of INR 20 lakhs for entity
Documents required
- PAN Card – For Company/ Firm/ Individual
- Identity proof: Copy of Aadhaar Card/ Passport/ Voters ID card/ Driving License/ PAN Pan Card
- Address proof: Copy of Aadhaar Card/ Passport/ Voters ID Card/ Driving License
- Bank Statement (latest 12 months)
- Latest ITR along with computation of income, Balance Sheet and Profit & Loss Account for the last 2 years. Financial should be certified or audited by a CA
- Proof of continuation (ITR/ Trade License / Establishment Certificate/ Sales Tax certificate)
- Other Mandatory Documents (Sole Proprietary Declaration Or Certified Copy of Partnership Deed, Director-certified true copy of Memorandum & Articles of Association & Board Resolution (Original)
- 12 month GST returns for Turnover computation