Business Loan Bihar | Interest Rates | Documents | Eligibility | Apply
Business Loans In Bihar: Get Best & lowest rates on loans with Maximum loan amount and less documentations. Apply online for getting self employed loans online in Bihar.
Business loan helpful for start up a business, maintaining your existing business expenses or company- eg pay for premises, new equipment, renovation, advertising and more. Business loan for Hotel and Restaurant in your city check emi,eligibility and more.
Who is Eligible for business loan in Bihar?
Any person who is running a legitimate business with good earnings can go for a business loan. Banks have certain criteria to validate on how much and whom to give. This is on the basis on.
- Type of the business- Ie Proprietorship, Partnership, Pvt Ltd or Public Ltd.
- Turnover of the business.
- Profit of the business.
- Cash flow of the business.
- Track record and type of business.
How much Business loan you can get in Bihar
Based on the profit and years of business and cash flow- Banks come out with eligibility of the loan amount it can give to business. This is based on how much profit he is making and how he can manage to pay the emi with the cash flow.
Who can give you a business loan
There are various Banks that can give me loan.
The lists are as follows:
- HDFC Bank
- ING Vysya Bank
- ICICI Bank
- Standard Chartered Bank
- SMFG India
Click here for – Check Interest Rates on Business Loans in BIHAR
Documents required for business loan in Bihar:
- ID Proof
- Address Proof
- Proof of Continuity Of Business
- Bank Statement 6 Months
- Board Resolution (If pvt ltd co. is co-borrower/Partnership Authorization Letter {if partnership firm is co-borrower}
- ITR & Statement Of Computation of Income – for last 2 Years
- CA Certified or Audited P/L Acc Statement and for >40 Lacs cases Audit report along with schedules of P&L and Balance Sheet – for last 2 years
- Latest ITR of Co-Applicants – For last 2 Years
- Ownership Proof of Residence or Office
Check emi per month – Business Loans EMI Calculator
Bihar is a state in northern India. It is the 12th largest state in terms of geographical size at 38,202 sq mi and 3rd largest by population. Almost 58% of Biharis are below the age of 25, which is the highest proportion in India.
