What is Business Loan ?
Business Loan is an Unsecured Loan which is given to a Self Employed entity. This is short term loan with the tenor up to 48 months.The loan can be used for the as working capital for business expansion. The Loan is given by more than 10 Banks and NBFC's in Delhi and NCR. It is given based on your Net income, Turnover and also on the Gross Profit.
Features:
Easy To Apply
Collateral Free Loan
Speedy Processing
Application Process:
Fill an Application form with all details.
Income Documents required for processing a Business Loan Application:
The Type of entity includes Proprietorship/Partnership and Private Ltd Company.
- Entity proof – Partnership deed/Certificate of Incorporation/Shops and Establishment certificate
- Copy of PAN Card of Entity, Proprietors/Partners/Directors, Security providers and guarantors
- Address Proof of Entity, Proprietors/Partners/Directors, Security providers and guarantors
- Last 3 years Audited/Provisional Financials (Audited financials to include Balance Sheet, Profit and Loss Account along with schedules and Notes to Accounts, Tax audit reports, Statutory Audit report). In case of Provisional financials, VAT returns are also required.
- Current year performance and projected turnover on letterhead of the entity
- Last 1 year Income Tax returns of the borrowing entity (along with Computation of Income and copy of acknowledgement), if filed online, acknowledgement number is required
.Bank Statements (not more than 45 days old)Latest Bank Statements for last 6 months (in case of First Time Borrower) and 12 months (in case of Takeover proposals). In case of multiple banking, statements covering minimum 75% of banking turnover is to be provided.
This is the list of Applicable rate of Interest which different Banks and NBFC's are charging these days and this is subject to change.
RATE OF INTEREST
| Bank / NBFC | Rate(%) | P.F.(%) | LOAN AMOUNT |
| ICICI BANK | 15-18% | 2% | 50 |
| STANDARD CHARTERED | 15-18% | 2% | 75 |
| DEUTSCHE BANK | 14-17% | 2% | 50 |
| BAJAJ FINSERVE | 18 - 20 | 2% | 30 |
| Kotak Mahindra | 16-18% | 2% | 75 |
| Hdfc Bank | 16-18% | 2% | 50 |
| INDUSIND | 16 - 18% | 2% | 50 |
| FULLETRON | 18 - 20 | 2% | 30 |
| Magma fincorp | 18 - 22 | 1-2 | 30 |
| Intec Capital | 18 - 21 | 1-2 | 30 |
| RELIGARE | 18-22 | 2% | 40 |
If you are looking for a Business Loan in Delhi NCR , please get in touch with us at 9911594833 , we offer best terms.
