While to the rest of the country, Karnataka is famous for its capital Bengaluru, the state actually is home to several other industries. Along with a thriving tech industry, Karnataka has consistently been ranked among the best states in India for conducting business.
Getting a Business Loan in Karnataka is easy as well, which further encourages and motivates entrepreneurs to conduct business in the state.
A small Business Loan in Karnataka, availed through Finserv MARKETS, can offer a range of benefits that help boost your business to reach profitable levels. Read on to learn more.
You can get Business Loans up to Rs. 75 Lakhs to grow your business exponentially.
A Business Loan in Karnataka can be availed, with a flexible repayment tenure of up to 5 years.
Getting an unsecured Business Loan in Karnataka is easy and safe.
A Business Loan can help you meet your business needs, such as for hiring the right professionals, renovating the office, upgrading the machinery, equipment, etc.
Before you get excited about availing loans from the numerous Business Loan providers in Karnataka on Finserv MARKETS, it is important to check your eligibility for the same. Read on below to know the eligibility criteria for availing a small Business Loan in Karnataka.
The applicant must be self-employed.
The applicant must be aged between 25-65 years.
Business units, including private limited companies or partnerships, can apply for an unsecured Business Loan in Karnataka.
The applicants must have been running this business for 3 years and must have at least 5 years of running a business in total.
The minimum annual income from the business must be Rs. 1.5 Lakhs.
If you have checked and know that you meet the eligibility criteria for availing a Business Loan in Karnataka, waste no time in gathering documents. Find out below which documents you will be required to furnish in order to avail a small Business Loan in Karnataka.
Proof of identity, such as Aadhaar, Driving License, Passport, etc.
Proof of address, such as Aadhaar, Driving License, Passport, etc.
Bank statements from the previous 6 months
ITR Form, along with details like Profit and Loss Statement for the last 2 years, balance sheet, income computation, etc.
An authenticated copy of proof of the corporate entity, such as Partnership Deed
A certified copy of the Memorandum and Articles of Association
Applying for an unsecured Business Loan in Karnataka is extremely simple, and the process can be completed in 4 simple steps.
Fill in details of yourself and your business online
Select the lending partner you want from among the Business Loan providers in Karnataka
Enter details of the loan amount you wish to avail and a comfortable repayment tenure
Upload scanned copies of your documents, and submit the form.
You will be notified once your application is approved. Availing a Business Loan in Karnataka, through Finserv MARKETS, can help your business grow by leaps and bounds.