Click to apply for Business Loan in Bangalore
Business Loans are offered in two types
1. Secured
2. Unsecured
For a Secured Business loan Bangalore, the borrower needs to pledge something as collateral or security against the loan amount taken. Be it raw material or finished products, land or machinery, anything can be kept as collateral in agreement with the lending party. The borrower can also offer cash advance as collateral as it offers more liquidity and the loan can be availed at lower interest rates and flexible repayment options. Indexia Finance provides Business Loan Bangalore, it means we provide a Business loan in Bangalore for your doorstep facility, as now the right bank will come to your doorstep. You can apply online for Business loan in Bangalore at lowest rate of interest.
Eligibility Criteria of Business Loan Bangalore
The applicant must meet the below eligibility criterias for Business Loan Bangalore.
- Minimum age 21 years
- Maximum age 65 years
- Minimum income (annual) Rs. 4,00,000/-
- Minimum loan amount Rs. 100,000/-
- Maximum loan amount Rs. 2,00,00,000
- Minimum years of business existence 3 Years
- Minimum loan tenure 1 year
- Maximum loan tenure 5 year
Required Documents for Business Loan Bangalore
The documents are required for Business Loan Bangalore are as below;
Common Documents :-
- Two photographs of each applicant & co- applicant
- Pan Card Copy each applicant & co- applicant
- Adhar Card of each applicant & co- applicant
- Utility Bill of office and current residence (latest month) each applicant & co- applicant
Income Documents :-
- 3 years ITR, computation of income, P&L, Balance sheet, all annexure & schedule. List. (self & CA attested)
- Sales & Purchase Summary – last 3 years (till date)
- & Cr. List – last 3 years (till date)
- Last 12 months bank statement of the company and all the EMI reflection if any loans going on
- Sanction letter of all Loans & OD/CC (if any)
Additional Documents :-
- Pan card copy of Company
- MOA & AOA copy / Partnership Deed
- List of Directors/ Partners & Shareholders
- Business Proof (Shop & Establishment Certificate, VAT, Sales Tax, GST, Service Tax, IEC)
- GST Certificate of the Company
