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A tourist hub in the state of Maharashtra, Latur is a city with a rich and ancient history that dates back to the Rashtrakuta period. The city also has several monuments with a long historical legacy behind them. Kharosa Caves and Udgir Fort are two of the most widely known monuments in the city. Over the years, Latur has also grown into an educational hub, with many colleges, universities, and professional education institutions coming up in the city.

 

When it comes to economy and industries, Latur ranks high on the list as well. Thanks to over 11 sugar manufacturing factories, the city is referred to by many as the ‘Sugar Belt of India’. With regard to business opportunities in Latur, there seems to be no dearth of options. So, if you’re looking for an unsecured business loan in Latur to kick start your journey as an entrepreneur, check out the various loan options available on Finserv MARKETS right away.

Features and Benefits of Availing a Business Loan in Latur

Here’s what you would get to enjoy by opting for a small business loan through Finserv MARKETS.

  • Customizable Loan Amounts

Depending on your loan eligibility, you can avail a maximum of Rs. 75 Lakhs as business loan.

  • No Usage Restrictions

The business loans that you avail can be used for a wide range of purposes such as for upgrading your machinery, expanding your business, and more.

  • Attractive Interest Rates

Business loans available on Finserv MARKETS come with some of the most competitive interest rates on offer.

Documents Required for a Business Loan in Latur

Wondering about the kind of documents that you would need to submit to avail a loan through Finserv MARKETS? Here’s the list of documentation that you would have to produce.

  • PAN card

  • Your identity proof - Passport, Aadhaar, driving license, voter ID, or

  • Your address proof - Voter ID, Aadhaar, driving license,, passport, or utility bills

  • Bank statement for the last 6 months

  • Income Tax Returns along with balance sheet, profit and loss statement, and income computation for the previous 2 financial years

  • Declaration of sole proprietorship or a certified copy of a partnership deed

  • Certified copy of both Articles and Memorandum of Association

Eligibility Criteria for a Business Loan in Latur

Okay so, now that we’ve seen everything else, here’s a quick look at the eligibility criteria that an applicant should meet to avail a small business loan in Latur.

  1. The applicant should be self-employed.

  2. The applicant’s total business experience should be 5 years or more, with 3 years being relevant to the current business.

  3. The applicant must be between 25 to 65 years of age.   

Conclusion

As you can see, opting for a business loan in Latur through Finserv MARKETS is the right way to go. That’s not all. Since the entire loan process is online, you can get your hands on a loan much faster too. Visit Finserv MARKETS to kick start your business and make your dreams come true.  

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