Business Loan in Chennai | Interest rates | Information

Business Loans In Chennai: Get Best and lowest rates on loans with Maximum loan amount and less documentations. Apply online for getting self employed, small business loans online in Chennai.
Who is Eligible for business loan in Chennai?
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.

1. Type of the business- Ie Proprietorship, Partnership, Pvt Ltd or Public Ltd.
2. Turnover of the business.
3. Profit of the business.
4. Cash flow of the business.
5. Track record and type of business.

How much Business loan you can get in Chennai
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.

Banks which Provides Business loans in Chennai

There are various Banks that can give me loan. The lists are as follows:

1. HDFC Bank
2. ING Vysya Bank
3. ICICI Bank
4. Standard Chartered Bank
5. SMFG India

Check Interest Rates on Business Loans in Chennai

Documents required for business loan in Chennai:

1. ID Proof
2. Address Proof
3. Proof of Continuity Of Business
4. Bank Statement 6 Months
5. Board Resolution (If pvt ltd co. is co-borrower/Partnership Authorization Letter {if partnership firm is co-borrower}
6. ITR & Statement Of Computation of Income – for last 2 Years
7. 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
8. Latest ITR of Co-Applicants – For last 2 Years
9. Ownership Proof of Residence or Office

Banks Address for Business loans in Chennai:
Corporation Bank: Velachery Main Rd, Anna Garden, Velachery,Chennai
IDBI Bank: 37, PM Towers, Greams Rd, Thousand Lights West Chennai, TN
Bank of India: W-124 No 41, 3rd Avenue, Near Anna Nagar Roundtana, Anna Nagar, Chennai
Citi Bank: Club House Rd, Thousand Lights, Chennai
State Bank of India: College Rd, Chetpet, Chennai