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Business Loan in Nanded

Situated in the Marathwada region of Maharashtra, the city of Nanded is richly dotted with history and culture. Nanded holds abundant opportunities for business expansion, you can get a business loan in Nanded without any hassles. Nanded’s thriving economy depends on agriculture-based industries for its sustenance, with crops like sorghum, sweet lemons, sugarcane, beans, bananas, mangoes, soya and cotton flourishing here. Several small businesses thrive and are on the journey to full-fledged development in Nanded, as the agriculture sector has affiliations with a multitude of supply chain supporters. 

Eligibility Criteria for a Business Loan in Nanded

What you need to do to avail a loan for your business in Nanded is to fulfil the eligibility criteria below:

 

  • To get approved for a small business loan in Nanded, you should be between 25 and 65 years of age.

  • Individuals should be self-employed.

  • A total of 5 years work experience is required, with 3 years in your present business.

The Documents You Need for a Business Loan in Nanded

Your business loan provider in Nanded will require you to submit the following documentation:

  • A PAN Card and Aadhaar Card as proof of identity/age/address. Alternatively, you may submit your passport, driving license or voter ID as proof

  • Bank statements of the last six months

  • Income Tax Returns for the past 3 years with the computation of income, balance sheet and profit/loss statement.

  • A certified copy of a Partnership Deed, a Declaration of Sole Proprietorship or Memorandum and Articles of Association

How You can Apply for a Business Loan in Nanded

By now you would have decided that a business loan is right for you and you can apply for an unsecured business loan in Nanded through the following steps:

  1. Visit the page about Business Loans at Finserv MARKETS.

  2. You will see an ‘Apply Now’ tab and if you click on that, an application form will be displayed.

  3. Fill in the form with your business and personal details.

  4. Choose the lending partner.

  5. Enter the loan amount and the tenure.

  6. Submit the application and after verification, you will get approval and the loan amount will be transfered into your bank account directly.

Conclusion

You will agree that getting a business loan in Nanded is not as challenging as it seems. You should get cracking at Finserv MARKETS so your business can reap the benefits of a business loan.

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