Collateral Free - Unsecured Loan

Upto 50 Lakhs

No Guarantor Required

ELIGIBILITY CRITERIA

◘ EXPERIENCE – 3 years minimum experience in current business.

◘ AGE – Minimum age to be eligible for loan is 23 years and maximum age at loan maturity is 65 years.

◘ PROFITABILITY – Business must be in profit over the past 2 years.

◘ INCOME – Minimum net monthly income required is Rs. 25,000/-

BUSINESS LOAN CAN BE AVAILED BY

◘ Sole Proprietorship

◘ Partnership

◘ Limited Liability Partnership

◘ One Person Company

◘ Private Limited Company

REQUIRED DOCUMENTS

◘ Identity & Age Proof – PAN Card/Aadhaar Card/Passport/Voter ID/Driving License of Proprietor/Partners/Co-Applicants

◘ Business Plan

◘ Office Address Proof – Electricity Bill/Gas Bill/Phone Bill/Bank Statement/Shop & Establishment act Certificate/ MSME Registration Certificate

◘ Income Proof – Last 2 years ITR, Profit & Loss account, Balance Sheet audited by a chartered accountant and Last 6 month Bank Statement

◘ Business Existence & Continuation Proof – GST Registration/MSME Registration Certificate/ Partnership Deed/Certificate of Practice/Registration Certificate issued by government authority

ADDITIONAL INFORMATION

◘ Loan Tenure – Min. 1 to max. 3 years

◘ Interest rate –

1. 15% to 20%

2. 20% to 28%

◘ Processing Fees – Min. 1% to max. 5% Depending on applicant loan profile and lender policies

◘ Loan Amount – Min. 1 Lakh to max. 50 Lakhs

◘ Loan Processing Time – Min. 7 days to max. 15 days Depending on loan amount required and lender policies