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Get Best Business Loan Available from India's Top Banks & NBFCs


Business Loan Details

Banks and finance providers have preset business loan eligibility criteria. To procure a commercial loan with the utmost ease, stick to the following eligibility criteria:

  • Applicants must follow the RBI's definition of Micro and Small Businesses.

  • The sole purpose for obtaining a business loan (working capital, business expansion, or the purchase of machinery or equipment) must be specified.

  • A personal guarantee is required. This will necessitate the main partner to act as a loan guarantor.

  • The company must have been in operation in the same domain for at least three years.

  • Financial papers, such as audited financial accounts, are unavoidable.

  • Tax audit report (last 2 years).

  • Bank statement of the business account (last 6 months).

Business Loan Documents Required

  • Pan Card

  • Aadhaar Card / Voter Card / DL

  • Current Residence Proof

  • Ownership Proof

  • GST Registration

  • Business Address Proof

  • Last 3 yrs. ITR With Financial

  • Last 1 yr. Current a/c Bank

  • Statement / SB a/c

  • Last 1 yr. GST Return 3B

  • Photograph

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