I want to apply for business loan. Which banks in India offer business loan and what are loan eligibility.
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I want to apply for business loan. Which banks in India offer business loan and what are loan eligibility.
Almost all banks offer business loans.
Documents Required for Loan:
For Self Employed Persons following documents required such as -
1- Tax return documents,
2- Balance Sheet / Profit Loss Statement of the firm he owns may be required.
Source - PW.com
You also need to submit following documents in addition to the above documents -
1- Documents Required Proof of Identity (Passport Copy/ Voters ID card/ Driving Licence).
2- Address Proof (Ration card Tel/elect. Bill/ Rental agr. / Passport copy/Trade licence /Est./Sales Tax certificate)
3- Bank Statements (latest 6 months bank statement /passbook)
Age Limit should be minimum 21 Yrs and Max. 65 yrs, Income: Business should be profit making at least for the past 2 years.