Business Loan

Documents Required

Applicant Co- Applicant director Co- Applicant director
Company Pan Card
Passport Size Photo – 2
Passport Size Photo – 2
Business Proof :-

Light Bill/Other Company Certificate
(SSI, GST, CST,
Rent Agreement)
Current A/C
PAN Card/
Aadhar Card
PAN Card/
Aadhar Card
ROC Certificate
Residents Proof:

light Bill/ Vera Bill/
Rent Agreement
Residents Proof:

light Bill/ Vera Bill/
Rent Agreement
IT Return
(Last 3 Years with Audit Report)
IT Return
Last 3 Years
IT Return
Last 3 Years
Current A/C Bank Statment
(12 Months)
Bank Statement (12 Months)
Bank Statement (12 Months)
SOA/Welcome Letter
(Existing Loan)
SOA/Welcome Letter
(Existing Loan)
SOA/Welcome Letter
(Existing Loan)

Interest Rates & Charges

Charge Type Charge

Rate of Interest (Reducing)
@ 18%*

Loan Processing Charges
@ 2% + G.S.T

Cheque/ECS Bounce Charges
Rs. 750 + G.S.T

Cheque Swap Charges
Rs. 500 + G.S.T

Statement of Account Charges
0%

Foreclosure Charges
0%

Duplicate Sanction Letter
Rs. 250 + G.S.T

Duplicate Repayment Schedule
Rs. 250 + G.S.T

Duplicate NOC
Rs. 500 + G.S.T

Photocopy of Loan Agreement/Documents
Rs. 250 + G.S.T

Stamp Duty Charges
As Per State Stamp Act

Eligibility

Eligibility
> Business Loan Upto 5 Lacs.
> Business turn over increase in last 2 years.
> Year in Business: Minimum 3 Years in Business and 5 Years total Business Experience.
> Business must be profit making from last 3 years
> Minimum tax paid in ITR (with Audit Report).
> Age of Director: Minimum age 25 years and maximum 58 years at the time of loan maturity.