A credit card is a financial instrument issued by banks with a pre-set credit limit, helping you make cashless transactions. The card issuer determines the credit limit based on your credit score, credit history and your income.
Income proof: Salary slip of last 3 months and the latest form 16 needs to be submitted.
Bank statement: Bank statement for the past 6 months needs to be submitted along with salary credit.
Employment proof: offer letter, relieving letter, Office id /Official Mail ID.
Required Documents
Key Features:
Loan Amount: An individual can avail maximum loan of up to 50 lakhs.
Fixed Interest rate: The interest on business loans are fixed, usually between 15-25% a year. As the interest rate is constant throughout the year, the borrower can plan investment and business operations wisely.
Flexible Repayment Tenure: It is an attractive feature that helps businessmen to plan the repayment tenure based on his/her financial conditions.
Collateral free loans: One can avail best business loans without any security or collateral loans. You do not have to pledge any asset to get a start-up business loan.
Business Loan Eligibility Criteria
The private business loans can be applied by manufacturers, service providers, self-employed, private limited companies and so on.
The applicant must be between 21 years to 65 years.
The applicant must have been in business for the last 3 years.
The profit must be a minimum of 2 lakhs or annual business turnover must be Rs 50 lakhs.
The applicant must have filed IT returns for the last 3 years to avail of a business loan.
Documents Required
Proof of business
IT return statement of last 3 years
Bank account statement of last 6 months
KYC documents of co-applicant
Residential proof
Identity cards such as PAN card, Voter card & Aadhar card
Proof of ownership of possessions uses in business
Required Documents
Eligibility Criteria
Age of the Individuals must be between 23 to 60 years
Loan Tenure Up To 60 months.
Documentation:
Identity proof: Passport, Aadhar Card, Driving License, PAN card.
Bank statement: Bank statement for the past 1 year
Required Documents
Eligibility Criteria
Age of the Individuals must be between 23 to 60 years
Loan Tenure Up To 60 months.
Documentation:
Identity proof: Passport, Aadhar Card, Driving License, PAN card.
Address proof: Passport, Lease/ rent agreement, Driving License, Utility bill, Bank statement.
Bank statement: Bank statement for the past 1 year
