Apply for instant business loans up to 2 crore at competitive interest rate for manufacturing, trading or services. Special schemes are available for women entrepreneurs, young start-ups and existing small business. Check your business loan eligibility and applicable business loan interest rate using online calculator.
Before applying for the loan, prepare a business plan, know your credit score, decide the loan amount, do some market research on available business loan options, and keep the documents ready.
Proof of address & photo identity proof of the promoters, business proof, income proof, partnership deed for partnership firm, articles of association, memorandum of association, PAN card, etc.
Applicants should be aged between 21 to 65 years, having business vintage of a minimum of 3 years. The minimum business turnover and a minimum annual turnover as per the ITR will be required.
