Hubli is a city in the southern state of Karnataka that’s well-known for being one of the biggest business and commercial hubs in the state. Thanks to the city housing more than a lakh small and medium enterprises (SMEs), it is fondly referred to as mini Bombay.
With so many industries and commercial establishments already thriving and with more on the way, Hubli is in dire need of Business Loans. If you’re an entrepreneur looking for a Business Loan in Hubli, you don’t have to look far. The loans available on Finserv MARKETS may be able to help you out.
But before we take a look at how you can avail an unsecured Business Loan in Hubli using Finserv MARKETS, let’s quickly take a look at the various features and benefits that you’re likely to enjoy by opting for a Business Loan.
With Finserv MARKETS as your financial partner for a Small Business Loan in Hubli, you get to enjoy the following features and benefits.
Thanks to flexible tenure ranging from 6 months to 60 months, you get the option to customize the loan tenure in accordance with your repayment capacity.
The need to put up a collateral for availing a Business Loan in Hubli is a thing of the past. With Finserv MARKETS, you don’t have to pledge any assets of yours to secure a Business Loan.
Whether it is to purchase raw materials for your production process or to expand your existing facility, Business Loans give you the freedom to use the loan however you need it.
Now that you’ve seen what you’re likely to get by availing a Business Loan, let’s take a look at the criteria that you need to satisfy to apply for one.
You would need to be a self-employed individual aged between 25 to 65 years.
Your annual income according to your Income Tax Return (ITR) should be more than Rs. 1.5 lakhs per annum.
You need to possess prior business experience of a total of at least 5 years, with at least 3 years in the current business.
Once you’ve determined that you’re eligible to apply for a Business Loan, the next logical step is to ascertain the documents that you would need to submit, right? Here’s something that can help you out.
A copy of your PAN card
A copy of your identity proof. The following documents are generally accepted as proof of identity - Aadhaar card, passport, driving license, or voter ID.
A copy of your address proof. The following documents are generally accepted as proof of your address - Aadhaar card, passport, driving license, voter ID, or utility bills.
A copy of your bank statement for the last 6 months
A copy of your Income Tax Return (ITR) for the past 2 years along with certified copies of income, balance sheet, and profit and loss statement.
A declaration of sole proprietorship, a certified copy of the Partnership Deed, or a certified copy of the Memorandum and Articles of Association of your company
Once you get all of the above documents in order, all that you would need to do next is visit Finserv MARKETS to apply for a Business Loan. If you ever need more information on Business Loans, you can always find them at Finserv MARKETS. So, what’re you waiting for? Visit our website right now and avail a loan to grow your existing business or lay the foundations for a new one.