All About Business Loan New Delhi
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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 New Delhi Interest Rates:
|Bank||Business Loan Interest Rate||Minimum Loan Amount||Maximum Loan Amount||Get The Best Offer|
|Bajaj Finance||18 % Onwards||1 Lakh||30 lakh||Apply Now|
|Fullerton India||18 % – 22.5 %||1 Lakh||30 lakh||Apply Now|
|HDFC Bank||18 % – 22 %||1 Lakh||30 lakh||Apply Now|
|ICICI Bank||18 %-22 %||2 Lakh||30 lakh||Apply Now|
|Standard Chartered Bank||19%||2 Lakh||20 lakh||Apply Now|
|Tata Capital||19.5% – 20.5%||2 Lakh||25 lakh||Apply Now|
|IDBI Bank||19.25%||2 Lakh||25 lakh||Apply Now|
|Punjab National bank||19% – 24%||2 Lakh||20 lakh||Apply Now|
|Axis Bank||19.75%||2 Lakh||25 lakh||Apply Now|
|SBI||19.50%||2 Lakh||15 lakh||Apply Now|
Features and Benefits of Business Loan New Delhi
- No security requirement: Business loan do not need to pledge any collateral to the bank.
- For every business needs: Business Debt can be used for almost every business purpose without knowing the reason of availing the loan.
- Less processing time: Business debt takes less time to get approved.
- Less paperwork involved: Business Finance requires only small set of documents like ITR proof and turnover..
- Easily available: Business loan requires only 5-7 days to get approved.
Who is eligible for Business Loan New Delhi?
Self Employed People are eligible for availaing Business Loan. Here is the eligibility criteria for these individuals:
- Minimum Loan amount available: Rs. 50,000
- Maximum loan amount available: Rs. 2,00,00,000
- Minimum Income (annual):Rs. 1, 50,000
- Minimum age: 21 Years & Maximum Age at loan maturity: 65 Years
- Minimum Turnover in Business: Rs 40 Lacs per annum
- 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.
- Business should be filling 2.5 lacs to 3.5 Lacs ITR per annum.
Documentation for Business Loan New Delhi
- Identity Proof (Passport Copy/ Voters ID Card/ Driving License)
- Proof of Address (Ration Card/ Telephone Bill/ /Electricity Bill/ Passport)
- Bank Statements (latest 6 months bank statement /passbook)
- Latest ITR, along with computation of income
- Balance Sheet & P&L Account for the last 2 Yrs, certified by a CA
- Qualification Proof of the Highest Professional Degree
- Proof of Continuation (Trade license /Establishment /Sales Tax Certificate)
- Other Mandatory Documents (Sole Proprietorship – Declaration, Partnership – Copy of Partnership Deed, Apart from Copy of MOA, AOA & Board Resolution)
- Two passport size photographs
New Delhi is the capital of India. It is the centre of legislative, executive and judiciary branches of the Govt of India.