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Business Loan in Madurai

Located in the southern state of Tamil Nadu, Madurai is home to the fourteen Gopurams (or gateway towers) of the Meenakshi Amman Temple. It also serves as a vital industrial and educational locale within the state and houses varied industries ranging from those focused on automobiles to those involved with chemical and rubber manufacturing.

Given its industrial nature, it is, therefore, no surprise that availing of a Business Loan in Madurai is possible in a straightforward manner and allows for entrepreneurs with the possibility to thrive and become self-sufficient.

Features and Benefits of Business Loans in Madurai

Those who seek to apply for a small Business Loan in Madurai may do so with the aid of Finserv MARKETS. They provide customers with the option to avail of a wide variety of loans, each providing an array of benefits that can tremendously benefit a given business operation.

Customers have the option to avail of collateral-free loans.

Business Loan providers in Madurai have made it possible for business owners who are existing customers to avail of pre-approved offers.

Flexible tenors are an option indicating that financing is available for up to a period of 6 to 60 months.

Eligibility Requirements

Those seeking to obtain a Business Loan in Madurai must meet the following requirements.

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

  • The applicants must be self-employed.

  • Applying for an unsecured Business Loan in Madurai is a possibility for business units, including private limited companies and partnerships.

  • In addition to having run the business for at least 3 years, applicants are required to have at least 5 years of running a business under their belt.

  • In order to be eligible for a Business Loan, the business in question must earn a minimum annual income amounting to INR 1.5 Lakhs.

Documents Required for a Business Loan in Madurai

Those who are eligible to avail of a Business Loan in Madurai have the opportunity to do so provided they submit the documents mentioned below.

  • An authenticated copy of proof of the corporate entity, such as Partnership Deed

  • A certified copy of the Memorandum and Articles of Association

  • 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.

  • PAN Card

  • Proof of identity, such as Aadhaar, Driving License, Passport, etc.

  • Proof of address, such as Aadhaar, Driving License, Passport, etc.

Steps to Apply for a Business Loan

Those seeking to apply for an unsecured Business Loan in Madurai may do so with ease as has been made clear below.

  • Key out pertinent information pertaining to yourself and your business online.

  • Choose the lending partner based on preference.

  • Indicate the details pertaining to the amount wished to be availed via the loan and what sort of a repayment tenure works best for you.

  • Upload scanned versions of documents required and submit your application.

With the aid of a Business Loan in Madurai secured via Finserv MARKETS, it is now possible for people to carry out their business goals without any barriers.

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