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Business Term Loan

Youth are showing interest in business, but many people are not able to move forward in business due to lack of capital. In such a situation, taking a business loan is a good way. Unsecured business loan meets the needs of Small, Medium and Big Businessmen, which is very useful for borrowers to raise immediate capital and expand their business without pledging any property, a businessman running any kind of business can take advantage of it.

Business categories can be as follows:
Raw material industry, manufacturing and construction, service industry, information service, human service, dealer, wholesaler, retailer and any other.

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Acceptance Criteria

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Individual, Self- Employed & Company Firm

  • Production and Manufacturing:

    Includes raw material industries, factories, and construction businesses.

  • Service and Information Sector:

    Covers service providers, IT companies, and human-centric services like healthcare and education.

  • Trading Businesses:

    Encompasses dealers, wholesalers, and retailers involved in goods distribution.

  • Consumer-Focused Businesses:

    Retail stores, end-user service providers, and other customer-facing operations.

  • Miscellaneous and Specialized Industries:

    Any other unique businesses, including freelancers, startups, and niche enterprises.
Loan Amount Offer
Maximum Amount upto : 2 Crore
Rate of Interest(%)
Minimum ROI Start From : 12.49 % P.A.
Maximum ROI : 18.50 % P.A.
Tenure
Minimum Tenures : 12 Months
Maximum Tenure : 48 Months
Documents Required for Loan
Individual & Self Employed Company Pvt. Ltd. & Public Ltd.
Applicant KYC: PAN Card, Aadhaar Card Director & Partners KYC: PAN Card, Aadhaar Card, Voter ID
Co-Applicant KYC: PAN Card, Aadhaar Card, Voter ID (if required) Company Certificates: CRC Certificate, TAN Certificate, Company PAN Card, Directors DIN Certificate, Board Resolutions, Shareholding Pattern, Partnership Deed
Income Proof: Last 2 years financial return, GST Return (3RB) Income Proof: Last 2 years financial return, GST return of company
Residence Proof: Aadhaar Card, Election Commission Card, Driving License, Gas Receipt, Passport, Rent Agreement (Any One) Residence Proof: Aadhaar Card, Election Commission Card, Driving License, Gas Receipt, Passport, Rent Agreement (Any One)
Banking: Last 1 year bank statement (Current/Savings Account), any one  Banking: Last 1 year bank statement (Current Account)
Photograph: Live photo Photograph: Live photo
Business Proof: Trade License, Shop Act, GSTN Certificate, Food License, Business License, MSME Certificate, etc. Business Proof: Trade License, Shop Act, GSTN Certificate, Food License, Business License, MSME Certificate, etc.
Golden Features and Benifits

  1. Improved Cash Flow Management:

    • Enables businesses to cover short-term gaps and manage expenses seamlessly.

  2. Short-Term Financing Solution:

    • Perfect for meeting operational needs, inventory purchases, or unexpected expenses quickly.

  3. Business Expansion Support:

    • Provides funds for scaling operations, opening new locations, or purchasing advanced equipment.

  4. Flexible Usage:

    • Funds can be used for diverse purposes like marketing, hiring, or infrastructure upgrades.

  5. Credit Building Opportunity:

    • Timely repayments improve the business’s credit score, making future borrowing easier.