How To Take A Business Loan ?
This is the first question which comes in our mind ; How to take a business loan,when we are in need to start a business. Friends, today we are going to tell you about business loan. Just like business loan giving best company. How to compare the loan company. Such as information we are giving in this post. So you read this post whole and carefully. I am giving you full details of 100% loan.
How many types of business loans are there.
Business loans are of two types.
To start a new business
If you want to start a new business, you have to apply for a new business loan. Documents in both these loans also come in different jobs. This kind of loan is available for less rupees because it is a new business.
note: If you are starting a new business then you can take a loan with starup india.
For the expansion of old business
If your business is currently starting, you need a business loan like this. You can get more loan amount in this loan. Because the business is currently established. The company trusts you.
If you do not know, then we can tell you the name of top company from which you can take a loan.
Top business loan company list
- ICICI Bank
- Standard Chartered Bank
- Fullerton India
- RBL Bank
- Sbi Dank
- HDFC Bank
- ING Vysya Bank
- Bajaj Finserv
Current Business Loan Interest Rates
Friends All bank’s interest rate is different. So you choose the right bank if you choose the wrong bank, you can get in trouble.
|Bank||Interest Rates||Processing Fees||Tenure|
|HDFC BANK||15%- 20%||2.49%||12-36months|
|Fullerton India||22%- 29%||3.00%||12-36months|
How to choose Best Business loan company and plan
Now you got in trouble which company to take loan from. For this we know how best you are. You can compare any company.
Per month’s EMI = If you take, then how much emi will you have to pay per month.
Processing Fee = You also take the processing fee when you take a loan, you should get the information before processing fee bank.
Prepayment charges = If you can give a loan before time. It is called prepayment charges.Find out more about taking loan as well.
Documents Required for business loan –
1. Proof of address
2. Bank details of last six months. 3. If you are taking loans to pursue business, then continuing business certification
4. Board resolution (if the private limited company co-borrower / partnership authority letter (if the partnership firm is co-borrower)
5. Details of calculation of ITR and income – for the last 2 years.
6.CA Certified or Audit P / L AC statement and Audit Report with Schedule of P & L and balance sheet in 40 lakh cases – for the last 2 years
7. Residence evidence of residence or office
8. Advertiser’s latest ITR – for last 2 years
How To Take A Business Loan Easily
Note: This proof certificate may be less or more. Business is small in many types.
You should also take the loan to take its loan to emi.
At the time of the loan, you must know how much processing fees are going to be.
You have never been involved in the movement of the broker. If you have a loan, then you should contact the bank directly.
If you are taking a loan from the company, then how do you get the bank’s employee? And you also see the bank’s review. Those people who have taken loans before, have given so many points to that bank.