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Business Loan in Karur

Karur is a fast developing tier-2 city in the state of Tamil Nadu. One of the primary contributions to the city’s economy comes from agriculture, with around 19% of its total land area being used for agriculture. In addition to producing a wide-variety of crops, Karur is also well-known for being a commercial trading centre for agricultural goods.

 

The city is also home to a lot of textile centres involved in the production of a wide-range of linens. The textile products manufactured by the city are exported across the world to countries like the U.S., Sweden, and the U.K.

 

If you’re an aspiring entrepreneur looking to start a business in the city of Karur, a business loan provider in Karur is who you need to kick start your journey. You can check out the business loans available on Finserv MARKETS and apply for the same.

What is the Criteria for Availing a Business Loan in Karur

All that you would need to do to avail an unsecured business loan in Karur through Finserv MARKETS is to satisfy the following eligibility criteria.

  1. Your age should be between 25 to 65 years.

  2. You should be a self-employed individual

  3. You should generate an annual income of at least Rs. 1.5 lakhs per annum.

  4. You should have prior business experience of at least 5 years, with 3 years being in the current business.

What are the Documents That you Need to Submit to Apply for a Business Loan in Karur

If you find yourself satisfying the above eligibility criteria, here’s what you would need to submit to apply for a loan.

  1. Your PAN card

  2. Your address proof and identity proof

  3. Your bank statement of the past 6 months

  4. A declaration of sole proprietorship, or a certified copy of Partnership Deed, or a certified copy of Memorandum and Articles of Association

  5. Your Income Tax Return (ITR) for the past 2 years with certified copies of income computation, profit and loss statement, and balance sheet

How to Apply for a Business Loan in Karur

Okay so, now that you know what the eligibility criteria and documents required for availing a business loan are, let’s take a look at what you need to do to apply for one.

  1. Navigate to the business loan segment of Finserv MARKETS.

  2. Enter your personal and business details on the application form.

  3. Select your lending partner from the list of loan offers.

  4. Specify details of the loan such as the loan amount and the tenure.

  5. Upload the documents listed above and submit the application.

  6. Upon successful verification and approval, the loan amount would be disbursed to your bank account.

What are the Benefits of Availing a Business Loan in Karur

Here’s a quick overview of what you stand to gain by choosing Finserv MARKETS as your partner.

  1. Ability to apply for unsecured business loans of up to Rs. 75 lakhs.

  2. Flexible repayment tenures starting from 6 months to 60 months.

  3. Zero collateral and pledging requirements

  4. Quick and efficient customer support   

Conclusion

Want to know more about availing a small business loan in Karur? Visit Finserv MARKETS right now. It is a one-stop shop for all your business loan needs. That’s not all. With Finserv MARKETS, all it takes is a few minutes to apply for a loan. So, what’re you still waiting for? Go ahead and start your business right away.  

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