Business Loan

This Loan is a master key for all your business related immediate financial needs. Banking and Non-Banking Financial Corporation provide business loan for various purposes such as Business expansion, purchasing fixed assets, technological improvisation, capital requirements or any other short-term requirements

Grow your business with unsecured business loans. We provide unsecured loans from Rs. 10 lakhs to 5 crores for your various business requirements

  • Easy documentation
  • Faster loan processing
  • Competitive interest rates
  • No guarantor/collateral required
  • Convenience of doorstep services
  •  Flexible repayment options
  • Loans are granted upto Rs. 5 cr.
  • The loan tenure generally varies from 1 year to 5 years
  • No collateral or guarantor required
  • Minimum documentation
  • Prepayment options available.
  • Minimum age of 21 years and maximum age of 65 years
  • Minimum 3 years of business vintage and 5 years in same line of business.
  • The business should be profit making for atleast last 2 years
  • Audited financials should be available
  • Bank statements and proof of business required.

KYC

  • PAN Card For Individual / Partnership Firm / Company
  • Identity Proof Any one (e.g. Voter ID / Driving License / Passport)
  • Address Proof Any one (e.g. Voter ID / Driving License / Passport / Telephone Bill / Electricity Bill / Registered Lease Deed or Sale Agreement / Bank Statement)
  • Business Continuity Proof – Any one document dated 5 years old (Bank Statement / Sales Tax Challans / IT Returns / Shops & Est. Certificate / COI / Partnership Deed)
  • Passport Size Photographs
  • Repayment schrdule of all existing loans

FINANCIAL

For Self-Employed Individuals / Sole Proprietorships
  • Latest audited ITR and financials for the last 3 years. (Balance Sheet, Profit & Loss A/c., Computation of Income along with all schedules.)
  • Bank statements from the borrower’s main account/s for last 6 months and 3 months of all other bank accounts mentioned in the Balance Sheet.
For Partnership Firms / Private Limited Companies
  • Latest audited ITR and financials for the last 3 years.(Balance Sheet, Profit & Loss A/c., Computation of Income along with all schedules.)
  • Bank statements from the main account/s for last 6 months and 3 months of all other bank accounts mentioned in the Balance Sheet.
  • Partnership Deed and partnership authority letter for partnership firms.
  • Memorandum and Articles of Association and Board Resolution from the company.
  • Certificate of Incorporation (COI) for companies.
  • Latest shareholding patterns for Private Ltd. / Public Ltd. companies