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Thread: Need Business Loan

  1. #1
    NewBie
    Join Date
    Jul 2013
    Location
    Mumbai
    Posts
    4

    Default Need Business Loan

    I want to apply for business loan. Which banks in India offer business loan and what are loan eligibility.




  2. #2
    Administrator
    Join Date
    Apr 2009
    Location
    Chennai
    Posts
    255

    Default

    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 will pick up maximum wrong numbers when on roaming.

  3. #3
    PW Stalwart Master's Avatar
    Join Date
    Feb 2009
    Location
    Mumbai
    Posts
    438

    Default

    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)

  4. #4
    NewBie
    Join Date
    May 2017
    Location
    Hyderabad
    Posts
    11

    Default

    Age Limit should be minimum 21 Yrs and Max. 65 yrs, Income: Business should be profit making at least for the past 2 years.


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