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Business Loan In Bhilai

The “Steel city of central India”, also known as Bhilai is located in Chattisgarh, in the Eastern Central region of India. Bhilai, located in the Durg district is known as the second largest urban populous city of India. It has a flourishing steel plant industry with a plethora of industrial hubs across it.

Apply for Business Loans in Bhilai @ lowest Interest Rates 

An unsecured Business Loan in Bhilai is an aid for serving as a financial backup for any business or enterprises who need to reach their requirements to flourish. A Small Business Loan in Bhilai can be acquired for any reason, be it for the pursuit of expansion of business to new locations, or for purchasing machinery which has advanced workings. It can also be used for recruiting new staff and engaging them into their business, and also, the most effective a Business Loan in Bhilai can help is in clearing debts, if pending any.

Business Loan: Features and Benefits 

There are several features and benefits in accessing any unsecured Business Loan in Bhilai which are:

  1. The amount of the loan: It is high which is very helpful for businesses which are flourishing or repaying huge debts. Business Loan in Bhilai can be availed upto Rs. 75 Lakhs which is flexible enough to fulfil any urgent requirements. The higher the amount of the loan, the most effective it is in helping businesses to meet their requirements and needs.

  2. Flexible tenure of repayment: It ensures the repayment of the amount of loan ranging from in between 6 months or 60 months which doesn’t pressurise the business which takes a hefty amount into returning it back in a small span of time.

  3. No need for collateral or security: It is so due to the loans of businesses being unsecured in nature. The business which avails the loan does not provide any collateral or security against the loan.

  4. Multiple purposes: Business Loan providers in Bhilai offer the money on the basis of the needs of the business which wants to avail the loan. It can be used for the purchase of raw materials, upgradation of the business infrastructure, recruitment of staff, etc.

Eligibility Criteria for Business Loan in Bhilai

The eligibility criteria to avail a Business Loan is:

  • Individuals who are self-employed professionals like doctors and CAs, as well as individuals who are self-employed non-professionals like traders and manufacturers are eligible to avail the loans.

  • The age of the applicant must be between 25-65 years of age.

  • The experience required is a minimum of 3 years in the current business and 5 years of experience in business as a whole.

Documents Required to Avail Business Loan

The list of the documents which are required for availing the Business Loan are,

  • PAN card of the individual availing the loan

  • Proof of identity like Aadhar card, Passport, Driving License or the Voter ID card

  • Proof of address with documents like above

  • Statement of the bank of the individual in the last 6 months

  • Form of ITR in addition to the copies which are certified of details like computed income, sheet of balance, statement of Profit and Loss for the last 2 years

  • Form of declaration of the proprietorship which needs to be solely made, or any other copy of deed of any partnership which should be authenticated

  • Copy of certified memorandum and associative articles

 Applying for a Business Loan 

It is very easy to apply for a Business Loan through the online mode on Finserv MARKETS -

  1. Filling the online form with personal and employment details.

  2. The next step is to select the partner of lending, from the list of the offers for the loan, it is mandatory to select the preferable Business Loan lender.

  3. The third step is to specify the details of the loan the individual wishes to avail, i.e. the tenure of repayment along with the amount of loan.

  4. Next, upload the scanned copies of the required documents.

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