Business Loan in Surat

Business Loan in Surat

Given its teeming operations, it is unsurprising that those seeking to avail a Business Loan in Surat may do so via an effortless process and establish a successful business enterprise for themselves.

Features and Benefits of Business Loans in Surat

Finserv MARKETS is a viable option for those seeking to apply for a small Business Loan in Surat. Personalised offers are available to borrowers, along with several value-added services that enhance the features of the loan, as mentioned below.

1. Applicants can avail the Flexi loan facility, which allows users to borrow what they require and repay the same as per their abilities.

2. Borrowers can avail up to Rs. 75 Lakhs in order to expand and grow their business.

3. A Business Loan in Surat can be availed for a period ranging from 6 to 60 months.

4. An unsecured Business Loan in Surat can be applied without the need for any collateral.

Eligibility Requirements

In order to avail a Business Loan in Surat and finance the needs of your business, you must meet the following eligibility criteria.

• The applicant must be self-employed and aged between 25 and 65 years.

• Business units, such as private limited companies and partnerships are also entitled to apply for an unsecured Business Loan in Surat.

• The applicant needs to have been running a business for at least 5 years and must have been engaged in the current business for at least 3 years.

• The business that the loan is being availed for must be earning an annual income of Rs. 1.5 Lakhs.

Documents Required for a Business Loan in Surat

Having assessed your eligibility for availing a small Business Loan in Surat, it is essential that you gather the documents you require to apply for the loan.

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

• Certified copies of the Memorandum and Articles of Association

• Bank statements from over the last 6 months

• ITR Form, along with certified 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, Voter’s ID, etc.

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

Steps to Apply for a Business Loan

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

• Fill out information pertaining to yourself and the business you run on the online form.

• Select the lending partner that best meets your requirements.

• Choose the loan amount you require and the repayment tenure most comfortable to you.

• Submit your loan application along with the documents required.

Availing a Business Loan in Surat through Finserv MARKETS will enable you to expand your business by upgrading existing equipment or purchasing new equipment, or even grow your office space and hire more qualified personnel.