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Business Loan
Unsecured Loan
For SMEs
Business Growth
Every small and medium sized enterprise needs access to working capital. The business installment loan not only helps you meet your working capital needs, but also helps fulfill your aspirations of expanding your business.
Loan Limit
As per eligible
Period
12 Months
Rate of Interest
16.00% per annum
Loan Amount
As per business eligibility
Purpose of Loan
Business reason.
Required Documents
Business Documents
- Business Proof (Gumasta License / Sales Tax Registration, etc.)
- Gumasta License / Shop License
- Sales Tax Registration / GST Registration
Financial Documents
- Income Tax returns for last 3 years
- Balance Sheet - Last Year (Certified True Copy)
- Profit & Loss Account - Last Year (Certified True Copy)
- TDS Certificate (Form 16A applicable)
- Challan of Advance Tax IT paid (Xerox)
Identity Proof
- PAN Card
- Driving License
- Aadhar Card
- Voter ID
Address Proof
- Business Address Proof
- Electricity Bill (Business Premises)
- Telephone Bill
Additional Requirements
- 2 Recent Passport Size Photographs
- 2 Guarantors (with their identity proof)
- Guarantor's PAN Card / Aadhar Card
- Guarantor's Address Proof
- Guarantor's Income Proof (if applicable)
*Terms and Conditions Apply.
Key Benefits
Working Capital Support
Meet your working capital requirements easily
Business Expansion
Funds for expanding your business operations
Easy Documentation
Simplified documentation process for businesses
Eligibility Criteria
Business Vintage
Minimum 3 years of business existence
Turnover Requirement
Minimum annual turnover as per business category
Profitability
Consistent profitability for last 2 years
Business Type
Proprietorship, Partnership, Private Limited, or Limited Company
EMI Calculator Note
The EMI (Equated Monthly Installment) for your business loan will be calculated based on the loan amount, interest rate, and tenure.
Loan Amount Example:
₹ 5,00,000
Interest Rate:
16% per annum
Tenure:
12 Months
For exact EMI amount and customized loan options, please contact our business banking team.