Business Loan Bangalore

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All about Business Loan Bangalore

Business Loan Bangalore

Business Loan Bangalore

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Do you want to expand your business more but do not have appropriate funds? Do not worry when Business Loan is there for you to boost your business more. It is a loan that can be acquired to finance in your business projects for further expansion and growth of the business.

Business Loan Bangalore Interest Rates:

Bank   Business Loan Interest Rate      Minimum Loan Amount      Maximum Loan Amount      Get The Best Offer  
Bajaj Finance18 % Onwards1 Lakh30 lakhApply
Fullerton India18 % – 22.5 %1 Lakh30 lakhApply
HDFC Bank18 % – 22 %1 Lakh30 lakhApply
ICICI Bank18 %-22 %2 Lakh30 lakhApply
   Standard Chartered19%2 Lakh20 lakhApply
Tata Capital19.5% – 20.5%2 Lakh25 lakhApply
IDBI Bank19.25%2 Lakh25 lakhApply
PNB19% – 24%2 Lakh20 lakhApply
Axis Bank19.75%2 Lakh25 lakhApply
SBI19.50%2 Lakh15 lakhApply

Features and Benefits of Business Loan Bangalore

  1. No security requirement: Business loan do not need to pledge any collateral to the bank.
  2. For every business needs: Business Debt can be used for almost every business purpose without knowing the reason of availing the loan.
  3. Less processing time: Business debt takes less time to get approved.
  4. Less paperwork involved: Business Finance requires only small set of documents like ITR proof and turnover..
  5. Easily available: Business loan requires only 5-7 days to get approved.

Who is eligible for Business Loan Bangalore?

Self Employed People are eligible for availaing Business Loan. Here is the eligibility criteria for these individuals:

  1. Minimum Loan amount available: Rs. 50,000
  2. Maximum loan amount available: Rs. 2,00,00,000
  3. Minimum Income (annual):Rs. 1, 50,000
  4. Minimum age: 21 Years & Maximum Age at loan maturity: 65 Years
  5. Minimum Turnover in Business: Rs 40 Lacs per annum
  6. Minimum Experience in Business: Minimum 3 years experience in the current business and total 5 years business experience. Business must be continuously making a profit from last 2 years.
  7. Business should be filling 2.5 lacs to 3.5 Lacs ITR per annum.

Documentation for Business Loan Bangalore

  1. Identity Proof (Passport Copy/ Voters ID Card/ Driving License)
  2. Proof of Address (Ration Card/ Telephone Bill/ /Electricity Bill/ Passport)
  3. Bank Statements (latest 6 months bank statement /passbook)
  4. Latest ITR, along with computation of income
  5. Balance Sheet & P&L Account for the last 2 Yrs, certified by a CA
  6. Qualification Proof of the Highest Professional Degree
  7. Proof of Continuation (Trade license /Establishment /Sales Tax Certificate)
  8. Other Mandatory Documents (Sole Proprietorship – Declaration, Partnership – Copy of Partnership Deed, Apart from Copy of MOA, AOA & Board Resolution)
  9. Two passport size photographs

About Bangalore

Bangalore is the capital city of Karnataka. It was formerly known as the garden city.  With the establishment of various IT industries, it is popularly known as II capital of India. It is often called as Silicon Valley of India. Various people prefer to live in this city due to its cosmopolitan style.

Other Loan Options Available in Bangalore (Click to Apply)
    Gold Loan Bangalore      Car Loan Bangalore      Home Loan Bangalore  

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