Business Loan

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Business Loan EMI Calculator

 

As you are planning to go for Business Loan, EMI plays an important role. Will EMI fit into your monthly budget or not is an important factor. That’s why EMI calculator will help you come out of this dilemma. It will help you identify your monthly repayments, total interest payable and total

 

Advantages Of Choosing A Business Loan

Advantages Of Choosing A Business Loan

No Collateral Required

No collateral or security is required to apply up for a Business Loan. You need not provide any asset to avail a Business Loan. The lender usually goes through the loan applicant’s credit history, age, location, income details of the past few years.

Interest Rate is fixed

The interest rates for Business Loan are fixed. It means it will not change for the entire Loan Tenure. The interest rates starts from 14.99%

Flexible Repayment Tenure

Flexible repayment tenure up to 5 years is offered to the loan applicants.

Minimal Documentation

You can easily apply online to avail for a Business loan with a minimal requirement of paper work. Once the loan application is approved, the loan is processed within a day or two.

Tax Benefits Offered

People taking Business loan for their businesses can enjoy tax benefits. The ratio of profits is used to pay the loan amount; it is exempted from the tax calculations.

Non-Profit Sharing

There is no share of profit or loss. Banks usually sanction a loan with the intention of getting their interest and partial loan-payment installments.

Categories Of Business Loans

Term Loans

Term loans consist of short term, long term and other intermediate loan.

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Overdraft

Overdrawing from a current account is Overdrafting.

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Bill Discounting

Through bill discounting you get instant cash back on your large purchases.

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Business Loan Schemes for Women Entrepreneurs

Banks are giving attractive business loan schemes to women entrepreneurs.

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Working Capital Loans

It is offered to meet the daily operating expenses of the business.

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Eligible For Business Loan

Am I Eligible For Business Loan?

Business Loans are provided by most of the banks/NBFCs but with different eligibility requirements & needs. However, most of the eligibility criteria are almost same. Now days you can instantly check online your eligibility before applying for the Business loan.

The eligibility criteria to get an instant approval online for Business Loans are mentioned in the table below. Please go through before applying online:

Why Choose Us For Your Business Loan?

Now days Business Loan is offered from almost every bank and many websites are promoting the same. But you wish to choose the platform which offers you the best deals on Business Loan with maximum advantages. The service-oriented professionals provide you support from the initial stage to the end stage of loan disbursement.

So the ball is in your court, you need to decide where you want to go for a availing a business loan.

Choose Us For Your Business Loan

What Documents Are Required To Apply For Personal Loan?

Below mentioned are the common documents which are required for applying for a Personal Loan

Identity Proof ID/ Age Proof – PAN Card/ Passport/ Signature Proof/ Aadhar Card and Residence Proof – Passport/Utility bills/ Bank Statements.


Salary Details Salary slips of last 3 months and last 6 months bank statement reflecting salary credits.


Other Documents Form 16 of last 2 years or Income Tax Returns.


Cheque of Processing Fee.

 

For SalariedFor Salaried

Identity Proof ID/ Age Proof – PAN Card/ Passport/ Signature Proof/ Aadhar Card and Residence Proof – Passport/Utility bills/ Bank Statements.


Age Proof/ID Proof Age proof of all the partners in the form of PAN Card, Passport or Aadhar Card and PAN Card of company


Residence Proof Utility Bills/ Passport/Bank statement/ Registered rent agreement.


Business Proof Shop and Establishment Certificate/Vat Registration Certificate/ Service Tax Certificate.


Company Financials Latest 3 years Income Tax returns with profit and loss and balance sheet duly audited by CA.


Bank Statement of Company Latest 12 months bank statement of the Company and of the Partners’ Savings Bank Account.


Loan Letter Existing Loans’ Sanction letters accompanied with repayment track..


Business Profile Name of the company on the letterhead


Cheque of Processing Fee.

Partnership FirmPartnership Firm

Identity Proof ID/ Age Proof – PAN Card/ Passport/ Signature Proof/ Aadhar Card and Residence Proof – Passport/Utility bills/ Bank Statements.


Proof of business Shop and Establishment Certificate/ Vat Registration Certificate/ Service Tax Certificate.


Business Profile Name of the company on the letterhead


Company Financials Last 3 years IT tax returns with profit and loss account and balance sheet duly audited by CA.


Cheque of Processing Fee./p>

For Self- employed For Self- employed

Age Proof of Directors PAN Card, Aadhar Card, and passport.


Residence Proof of Directors Utility Bills/ Passport/Bank statement/ Registered rent agreement.


Application Form Application form duly filled with photographs of directors.


Company Details PAN Card of the company, MOA, AOA, List Of Directors, Share Holding Pattern of the Company.


Education Qualification A professional qualification certificate in case of Doctors/CA/Architects.


Proof of Business Shop and Establishment Certificate/Vat Registration Certificate/ Service Tax Certificate.


Company Financials Last 3 years IT returns with Profit and Loss account and balance sheet duly audited by CA.


Bank Statement of Company Latest 12 months bank statement of Company of all current accounts and the same for Director’s Savings Bank Account.


Cheque of processing fee.

Private Limited CompanyPrivate Limited Company

Steps To Apply For Online Business Loan

 

Apply For Online Business Loan

  Term loans consist of short term, long term and other intermediate loan. You can avail these loans as per your requirement and economical condition. The loan tenure for a short term loan is 3 years and for a long term loan is 10-15 years. The term loans are offered for the acquisition of long-term fixed assets including land, building, machinery, or other business needs. The interest rates can be either fixed or floating. 

  Overdrawing from a current account is Overdrafting. If an account holder takes out more money that has been deposited in the account. Then an agreed rate of interest will be charged if the overdrawn amount is within the limits of the preceding agreement. 

  Through bill discounting you get instant cash back on your large purchases. And you even get discount on the credit sales. For this purpose you need to submit the important documents which will validate your transactions, like invoices, transportation receipts, landing bills etc. 

  Banks are giving attractive business loan schemes to women entrepreneurs. The banks provide relief in terms of interest rates and collateral. Some banks even provide business consulting, training, and counseling regarding marketing and showcasing of their products.  

  It is offered to meet the daily operating expenses of the business. These loans are secured as well as unsecured.