At Kotak, we understand how every little step makes a huge difference in reaching your business goals. To help you meet newer milestones of success every day, we offer a range of collateral-free customized business loan solutions best suited for your business requirements.

Documents

• PAN Card/Driving License/ Passport/ Voter's ID/ Aadhaar Card
• Passport/Driving License/Voter's ID/Aadhaar Card/Utility Bill/Bank Statement/Bank Account Passbook (Updated and no more than 3 months old)
• Agreement Copy / Electricity Bill / Maintenance Bill with share certificate / Municipal tax bill/Share certificate
• Shop and Establishment certificate/Tax registrations-VAT/Service tax/GST registrations
• MOA/Partner Ship Deed/GST Registration Certificate

Processing fees
Maximum 2% of the loan / facility amount (Plus GST)

Benefits

• Kotak offers business loans ranging from Rs. 3 lakh to Rs. 75 Lakh for small, medium and large Business
• kotak provided unsecured business loan which means you can fund your business without any collateral
• Get quick approvals on business loans with hassle-free processing to meet immediate financial needs of your growing business
• Business loan with flexible repayment options.

Criteria

• The applicant has to be in business for last 3 years with a minimum turnover of Rs.40 Lakh
• The business must have generated profit for a minimum of 1 year
• The applicant should be a Sole Proprietor / Partnership firm / Private Ltd Co. / Trust / LLP involved in the business of Manufacturing, Trading or Services
• The main applicant should be minimum of 25 years of age & should be no older than 65 years at the time of loan maturity.

For every business, funding is a key concern and a requisite for scaling up. But getting loans is not that simple, especially for small businesses. This is where HDFC Bank My Business promises to support. Our financial services are aimed at helping you overcome financial constraints and realize your business goals.
To fulfill all your business endeavors expansion, office renovation, modernization, automation, equipment purchase, skill development, and more, you need capital. With HDFC Bank Business Loans, specially designed for MSMEs, you can provide your business with the momentum it needs and take it to newer heights. To make things convenient, we guarantee loans at reduced turnaround time for short and long term business needs.

Documents
The following documents are required along with your Business Loan application:

• PAN Card – For Company/Firm/Individual
• A copy of any of the following documents as identity proof:
• A copy of any of the following documents as address proof:
• Bank statement of the previous 6 months
• Latest ITR along with computation of income, Balance Sheet and Profit & Loss account for the previous 2 years, after being CA Certified/Audited
• Proof of continuation (ITR/Trade license/Establishment/Sales Tax Certificate)
• Other  Mandatory Documents [Sole Prop. Declaration Or Certified Copy of Partnership Deed, Certified true copy of Memorandum & Articles of Association (certified by Director) & Board resolution (Original)]

Processing fees
Processing fees are restricted to 1.5 % to 2% + GST which is standard across all the products.

Benefits

• Transfer Loan Balance with Ease
• Drop line Overdraft Facility
• Quick Eligibility Check & Disbursal
• Flexible Tenure
• Convenient Borrowing

Criteria

• Self employed individuals, Proprietors, Private Ltd. Co. and Partnership Firms involved in the business of Manufacturing, Trading or Services.
• The business should have a minimum turnover of Rs. 40 lakh
• Individuals who have been in the current business for a minimum of 3 years, with 5 years total business experience.
• Those whose business has been profit making for the previous 2 years
• The business should have a Minimal Annual Income (ITR) of Rs. 1.5 lakh per annum
• The applicant should be at least 21 years at the time of applying for the loan, and should be no older than 65 years at the time of loan maturity
• Self employed individuals, Proprietors, Private Ltd. Co. and Partnership Firms involved in the business of Manufacturing, Trading or Services.
• The business should have a minimum turnover of Rs. 40 lakh
• Individuals who have been in the current business for a minimum of 3 years, with 5 years total business experience.
• Those whose business has been profit making for the previous 2 years
• The business should have a Minimal Annual Income (ITR) of Rs. 1.5 lakh per annum
• The applicant should be at least 21 years at the time of applying for the loan, and should be no older than 65 years at the time of loan maturity

Know More

HDFC Banks Important Links

Fullerton India understand that each business has unique financial needs. we take great pride and effort in ensuring that business owners and entrepreneurs meet their business goals by offering them the best possible financial solutions. We work hard in ensuring customer convenience so that you can focus on growing your business while leaving the financial aspects to us. to this end we have designed an end to end digital process so that you can apply for business loan from the convenience of your home, anytime and anywhere.

Documents

• Recent Photograph
• Valid identity proof such as PAN card, Driving License
• Valid address Proof such as Electricity Bill, passport
• Bank statement
• GST
• ITR
• Income Proofs
• Proof of business existence

Processing fees
Up to 6.5% p.a. of the loan amount

Benfits

• Flexible loan facilities
• Servicing capital requirements
• Small Business loans within 24 hours
• No collateral
• Online account access

Criteria

• Eligibility entities- self employed with own business or proprietor /Partner/Director of an existing business.
• Nationality – Resident Indian
• Age – between 25 -65 years
• Turnover  Minimum annual turnover of INR 10 lakh per annum and profit after taxes of INR 2 lakh per annum.
• Business experience – Must have a business that has been existing for at least 3 years with stable income and profit for the past 2 years.

Bajaj Finserv Business loan is one of the best ways to finance your business needs. Bajaj Finserv provides its customer of India with business loan with flexible repayment facilities and low rates of interest. This kind of facility is designed by Bajaj Finserv to double your profits from business and individual competitiveness in India. Business loan in Bajaj Finserv allows you to scale new heights of development, acquire hi tech gadgets, machinery and equipment, and diversify your business, etc.

Processing fees
Up to 2% of sanctioned loan amount + taxes

Documents

• KYC documents - Aadhaar card/ PAN card/ Passport/Voter's ID
• Proof of business ownership
• Other financial documents
• Bank statement

Benefit

• Hassle free loans up to Rs 50. lakh
• No collateral or guarantor needed
• Flexi loan facility
• minimal documentation
• Online account access

Criteria

• Age of the Applicant: Minimum: 24 years and Maximum 72 years at time of loan maturity
• Business Vintage: Minimum 3 years
• CIBIL score: 685 or above
• Nationality Indian