Unsecured Business loans
Unsecured Business loans: We provide up to 3 crores with following Advantages:
- NO GUARANTORS
- NO MORTGAGES
- NO COLLATERAL SECURITY
- FAST PROCESSING
The Funds can be used for business expansion, working capital or any other purpose. The Funds can be used for Business expansion, Working capital, Machinery funding, Stock raw materials and finished goods or any other purpose. The funds can be repaid in easy monthly installments of 36 months. It can be used as bridge finance or stop gap arrangement to fulfill short term Business Goals.
The Interest is worked on reducing balance, and rate is fixed so loan finishes In prescribed time limit without causing any uncertainty in short term. The loan can also be foreclosed early with some banks without paying any Foreclosure charges. Business loans as a product is customer friendly, and easy to execute with Minimum documentation in a certain time frame. If you don't have any marketable property, or amount required is not justified against the market value of property this is the right product for you. This is the only product where end use of funds can be flexible as per your business needs. This is suitable also for rapidly growing businesses requiring funds to scale up to next level.
Self Employed including Individual Proprietors, Private Ltd. Co. and Partnership Firms involved in the Business of Manufacturing, Trading or Services With:
- Minimum Turnover of Rs. 40 Lakhs
- Years in business: Minimum of 3 years in current business and 5 years total business experiences
- Business must be profit making for the last 2 years
- Minimum Annual Income (ITR): Rs. 1.5 Lakhs p.a.
- Age of Applicant: Min 21 years & Max. 65 years at the time of loan maturity
Documents you will need to submit:
- PAN Card - For Company /Firm/ individual
- Proof of your identity: Copy of Aadhaar Card/Passport/Voter's ID card/Pan Card/Driving License
- Proof of your address: Copy of Aadhaar Card/Passport/ Voter ID-Card/Driving License
- Bank Statement (latest 6 months)
- Latest ITR along with computation of income, Balance sheet and Profit & Loss a/c for the last 2 years
- Financial should be CA Certified /Audited
- Proof of continuation (ITR/Trade license /Establishment /Sales Tax certificate)
- Other Mandatory Documents (Sole Prop. Declaration Or Certified Copy of Partnership Deed, Certified true copy of Memorandum & Articles of Association (certified by Director) & Board resolution (Original)
- Proof of continuation (ITR/Trade license /Establishment /Sales Tax certificate)