Business Loan In India
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| 2022-04-22 11:42 | r6 | |
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+ Business Loan In India
+ Business Loan In India
+ Business loan in India is provided by several banks, NBFCs, and financial institutions to fulfill the business loan requirements. Business entities such as self-employed non-professionals, public and private limited companies, partnership firms, sole proprietors, self-employed professionals, limited liability partnership, etc.
+ Business loan – Interest rate
+ The rate of interest of Finance Seva for business loan is @14.50% onwards with the flexible repayment tenure of 36 months.
+ Top providers of business loan in India
+ *Adity Birla finance Limited
+ *Capital Float
+ *Deutsche Bank
+ *Axis Bank Ltd.
+ *Magma Fincorp Limited
+ *Hero FinCorp Limited
+ *Growth Finance
+ *HDFC Bank Ltd.
+ *IDFC First Bank
+ *Tata Capital Financial Services Limited
+ * State Bank of India
+ *Standard Chartered Bank
+ *Neogrowth
+ *Yes Bank Ltd.
+ *Lending Kart Finance Limited
+ Business loan eligibility criteria
+ Eligibility criteria of business loan depends on many factors such as age of an individual, repayment history, business turnover, creditworthiness and total work experience, etc.
+ *The minimum age of the borrower should be 25 years and the maximum are of 65 years of age.
+ *Income Tax Return must be filed for a minimum of 1 year.
+ *Cash flow must be positive in the business organizations.
+ *Sales turnover should be audited by registered Chartered Accountants.
+ *A minimum of years should be required for the continuation of business.
+ *The borrower can get loan amount ranging from Rs. 1 lakh to Rs. 5 crores
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| 2022-04-22 11:41 | r0 | |
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