What document is required
Meeting customer expectation is our Moto and this is exemplified by simple documentation.
Your loan application form must be accompanied by:
In case of Business / Professional
- Last 2 to 3 year ITR, Computation, Balance sheet & P&L Account
- Last six months' bank statement
- Previous Loan Statement 6 months (if any)
- KYC documents as requested
- PAN Card copy
- Aadhar Card copy
- Rental Agreement (if on rent)
- Any utility bill copy viz Electricity Bill, MGL Bill or MTNL Bill
*All documents to be self attested.
Why opt for Business Loan
- Flexible repayment options
- Flexible tenure options up to 60 months
- Repayment options: ECS/NACH
- No security or collateral required to avail of the loan
- Applicant can club income of co-applicant to enhance eligibility
- Interest rates remain unchanged throughout the loan tenure
Our Channel Partners
click on channel to view rate of interest
Rate of Interest | : | 18.5% to 20% |
Processing Fees | : | 2.2% + GST + Insurance |
Max Loan | : | 1 Cr |
Tenure | : | 3 – 5 years (Doc) |
Other Information | : | Business Loan |
Sanction TAT | : | 5 working days |
Sanction Validity | : | 1 month |
Disbursement TAT | : | 2 days |
Lock In period | : | 6 Months |
Repayment / Foreclosure Charges (of Loan amt outstanding) | : | 5% |
Rate of Interest | : | 17 to 19.5% (Professional 15% onwards) |
Processing Fees | : | 2% + GST + Insurance (Loan Protector) |
Max Loan | : | 40 Lac |
Tenure | : | 1 – 5 years (Doc) |
Other Information | : | Business Loan |
Sanction TAT | : | 2 working days |
Sanction Validity | : | 1 month |
Disbursement TAT | : | 2 days |
Lock In period | : | Nil |
Repayment / Foreclosure Charges (of Loan amt outstanding) | : | 2%-4% |
Rate of Interest | : | 15% to 18% |
Processing Fees | : | 1% to 2.25% + GST + Insurance |
Max Loan | : | 2-50 Lac |
Tenure | : | 1 – 3 years (5 years in case of Doc) |
Other Information | : | Business Loan |
Sanction TAT | : | 5 working days |
Sanction Validity | : | 1 month |
Disbursement TAT | : | 2 days |
Lock In period | : | 6 Months |
Repayment / Foreclosure Charges (of Loan amt outstanding) | : | 5% ( + GST ) |