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Small Business Loan
Small Business Loan
Apply here for Unsecured Business Loan in Delhi at Financeseva. Check your Eligibility criteria for an business loan in Delhi for low interest rates

Small Business Loan

Apply Online Click Here:-  Small Business Loan

The borrower who wants to enlarge their Business Loan or finance a business plan can go for the business loan. It is provided by the Banks, Financial institutions, or NBFCs. A n applicant can get loan amount up to Rs. 5 crores for the business purpose with repayment tenure of maximum 36 months. 

Interest rate for small business loan  

Loan amount  

Rs. 1 lakh – Rs. 5 crores

Rate of interest

14.50%

Loan tenure  

Up to 36 months

Eligibility for small business loan  

  • The applicant must have the residence of India.
  • Age of the borrower should be a minimum of 21 years.
  • Balance sheet of the business must show in profit.
  • Proof of IT return of last 3 financial years and sales turnover.

The borrower should be self-employed individual and have 3 years of business experience.

Documents required for small business loan

  • Identity proof – Passport, Voter ID Card, Aadhar card, etc.
  • Address proof - Voter ID Card, Passport, Utility bill, etc.
  • Business proof – Trade license, Establishment license, etc

Bank statements of last 6 months.

Commercial Property Loan and house property documents for secured business loan.

Partnership deed, and sole proprietor deed, etc.

Balance sheet that shows profit and loss account of last 2 years and business income tax certificate which has to be certified by Chartered Accountant.