Business Description

Business Loan without Collateral - A business loan is being availed by manufacturers, traders as well as those in the service industry like Doctors, CAs, Architects, Restaurants etc. We help clients get the business loan within 7 days after complete documents have been received. The document required for any business loan is the last two years' ITRs, Savings or current account statements, Aadhaar and PAN card, GST certificate and returns are required in case the client is filing the same but in case someone is not filing the GST he or she can still avail of the business loan. Generally, a prerequisite for a Business loan is that client's CIBIL is above 675 and even if it is less but if the reason for a low CIBIL is justified then the bank may consider the application. Another important aspect is that clients should be in the same line of business for more than two years. Normally the business loan is given for 3 years and the EMI ranges from Rs. 3400 to Rs. 4400 per lac depending on the strength of the documents. The effective rate of interest is 8% to 10% whereas in banking terms the reducing rate of interest is around 15% to 24%. we assess your documents properly and figure out the maximum amount that can be arranged. It's always better to take the opinion of a consultant rather than directly visiting the bank as he can use his expertise and help you to arrange funds.

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