Unsecured Business Loans for Micro & Small Business Enterprises
Loan Amount: Rs. 2 lacs to 100 lacs
Tenure: 30 days to 365 days. Repayment in Equated Monthly Instalments (EMIs) Rate of Interest (range): 1.50% per month to 2.00% per month Service/Processing Charges: 2% of the Loan amount. Deducted out of Loan Amount. Security:
No collateral/ guarantor / security required
No Net Worth certificate required
Easy and quick processing
Minimum documentation
Eligibility: Any Individual/ Proprietor, Partnership firm, self-employed professionals (Doctors,
Architects, etc.), Limited Liability Partnership (LLP), Pvt. Ltd. Company, Limited Company engaged in e-commerce, retailing, manufacturing, trading, imports/exports, or providing services to individual / corporate customers. Purpose of Loan: (indicative)
To meet short term working capital needs
To improve levels of inventory/variety of products
Negotiate better terms with suppliers through bulk purchases/upfront payment
Product promotion
Expansion of existing business etc.
Documentation (required in pdf format) Sr. No. Proprietorship Partnership Firms Private Limited Co /Limited Co. 1 KYC Documents of KYC of all Partners KYC of all Directors Borrower 2 Shop and establishment Shop and establishment / Shop and establishment / VAT/ certificate/VAT/Sales VAT/ Sales Tax Registration Sales Tax Registration Certificate Tax Registration Certificate Certificate 3 PAN Card PAN Card of firm and all PAN Card of the Company and all Partners Directors 4 Last 1 year Bank Last 1 year Bank statement Last 1 year Bank statement of all statement of all bank of all bank accounts bank accounts accounts 5 Last 2 years financials Last 2 years financials with Last 2 years financials with audit with audit report audit report report 6 Two references Two references required Two references required with required with their with their names, number, their names, number, email id names, phone number, email id and residential and residential address email id and residential address address 7 Borrowers Email ID Firms and all Partners Company Email ID and and mobile number Email ID and mobile authorised signatorys name and numbers mobile number 8 COMMISSION 3 % ON LOAN AMOUNT OVER AND ABOVE OF THE PROCESSING CHARGES. NO UP FRONT FEES