Business Loan

Every Great Business Begins with a Bold Step — We’ll Finance Yours

Essential Documentation

Submit basic paperwork like:

• KYC : PAN Card and Aadhaar Card of the business owner(s) and the business itself.

• Business Proof: Business registration certificate (e.g., Shop & Establishment, GST), partnership deed, or company incorporation documents.

• Financial Documents: Last 2-3 years' ITRs, audited Profit & Loss statements, and Balance Sheets.

• Bank Statements: Business bank statements for the last 6-12 months.

Eligibility Criteria

• Business Vintage: Your business should be at least 2-3 years old.

• Minimum Turnover: A minimum annual turnover of ₹10 lakh to ₹40 lakh is often required.

• Profitability: Your business should show profitability for at least the last 1-2 years.

• Applicant's Age: The applicant should be between 21 and 65 years old.

Loan Features

• Types: Term loans (for large investments) and working capital loans (for daily expenses).

• Security: Can be secured (with collateral, lower interest) or unsecured (no collateral, higher interest).

• Amount & Tenure: Varies based on business profile, with repayment terms from 12 to 60 months.

• Interest Rates: Depend on credit score, turnover, and loan type.

• Tax Benefit: The interest paid is tax-deductible as a business expense.

Before applying, have a clear business plan, check your credit score, choose the loan amount, explore your lending options, and keep essential documents handy.