Business Loan

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Business Loan

Loans to Small and Medium Enterprises to fulfill their working capital requirement. Loan amount up to ₹1 crore. Loan tenure upto 36 months.

Features

  • Loan is provided up to ₹1 Crore
  • Loan tenure up to 36 months
  • Hassle free loans – quick turnaround time.
  • Loans is given to small and medium enterprises to provide capital to businesses for various purposes related to their operations and growth.

Eligibility

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Customer Profile

Small and medium sized manufacturers, dealers, traders, and service providers engaged in various industries.

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Minimum Business Vintage

3 Years

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Property Ownership

Ownership of at least 1 property is mandatory

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Banking

Current account required

Documentation

  • Photograph
    • Latest Color Photograph
  • Identity proof of promoters(Any One)
    • Voter ID Card / PAN Card / Passport / Driving License / Aadhar Card
  • Income Proof
    • Audited / Unaudited Financial Statements with all schedules / ITR of last 3 years GST records for last 24 months, Business Registration Proof
  • Bank Statement
    • Last 1 year bank statement of all banks

Common Question for this loan

To support SMEs for their working capital requirement.

SMEs with 2–3 years business vintage, financial documents, stable cash flow, and good loan repayment history.

Based on business type, loan amount, and customer profile. Rate for Micro Enterprise Loan can range from 14% to 24%.

Up to Rs 1 Crore. Based on financials and business requirement

12 to 48 months.

24–48 hours.

Depends on customer profile and loan amount. Hypothecation of book assets or receivables can be taken.

Loan Services

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+91 9972628168

+91 9035469862

info@rapidloanservices.com

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