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Business Loan in Anantapur

Andhra Pradesh's Anantapur is full of historical monuments, temples and forts. Several tourist attractions in and around the city have given rise to a tourism industry here. Interestingly, Anantapur is also home to a number of sports facilities including the Anantapur Sports Village, Anantapur Cricket Ground and the Rafael Nadal Tennis School, in addition to basketball, badminton, taekwondo and swimming facilities.

With Finserv MARKETS, business professionals in Anantapur can expand their company by investing in factory infrastructure, modernising their equipment and machinery, and maintaining a good cash flow.

Benefits of a Small Business Loan in Anantapur

  • Loan amount:

An entrepreneur can get as high as Rs. 75 Lakhs by availing of Business Loan in Anantapur through Finserv MARKERS. The money raised from a Small Business Loan in Anantapur can be used to buy raw materials, hire more experienced workforce and as a result, boost the operations and expand.

  • No collateral:

 An unsecured Business Loan in Anantapur comes without pledging a security against the loan amount. This helps small businesses who do not have assets against which to take loans to enjoy the benefits of borrowing.

  • Tenure:

Borrowers have the option of repaying the Business Loan in Anantapur over 6 to 60 months.

Features, Fees and Interest Rates

  • Those enterprises that make a turnover of over Rs. 90,000 in every three months are eligible for this unsecured Business Loan in Anantapur.

  • A customisable interest that can vary from 1.5 to 2% every month. The processing fees charged by lenders on this loan is up to 2 to 3% of the entire loan amount.

  • A Small Business Loan in Anantapur of between Rs. 50,000 and Rs. 75 Lakhs can be taken by businessmen.

  • The loan EMI can be paid every two weeks, but the repayment is fairly flexible.

  • The maximum tenure for repayment of the Business Loan in Anantapur is 60 months.

Who is Eligible for a Business Loan in Anantapur

  • Self-employed individuals, including professionals and non-professionals alike, are eligible to apply for a Small Business Loan in Anantapur. These individuals can include chartered accountants, doctors, traders and manufacturers.

  • Applicants of Business Loans must be between 25 years and 65 years of age.

  • Limited liability partnerships, private limited companies and partnerships can apply for this Business Loan.

How to Apply for a Business Loan in Anantapur

Applicants can use Finserv MARKETS to access all the Business Loan providers in Anantapur and avail their loan easily. The process of applying for this loan is as follows—

  • Fill the online Business Loan application form with personal and employment details.

  • Select the best Business Loan provider in Anantapur and their offer that suits your particular business needs.

  • Enter the loan amount and desired tenure over which you plan to repay your loan.

  • Upload all required documents after scanning them. These files have to be attached with the online application.

  • Submit your Business Loan application.

  • Following the approval, the sanctioned Business Loan amount will credited to your bank account.

Documents Required for an Unsecured Business Loan in Anantapur

Here is a list of the documents needed to apply for a Business Loan in Anantapur—

  • PAN card

  • Address and identity proofs such as voter ID card, passport, Aadhaar card, driver’s license and telephone, electricity, and water bills.

  • Copies of financial statements such as balance sheet, income statement, and profit and loss statement of the last two years.

  • Income tax return (ITR) form

  • The preceding six months’ bank account statements

  • Sole proprietorship declaration or partnership deeds copies that are authenticated

  • A copy of the Memorandum and Articles of Association.

Conclusion

Whether you run a start-up or an MSME, or need a working capital or equipment machinery loan, Finserv MARKETS provides a good platform to weigh your Business Loan options. Smaller entrepreneurs who may not have an asset against which to raise a loan can get an unsecured loan of up to Rs. 75 Lakhs. With attractive features, interest rates, processing fees and a simple application process, get a loan with Finserv MARKETS for your business needs today.

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