Business Loan in Nagpur | Interest rates | Information

Business Loans In Nagpur: 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 Nagpur.
Who is Eligible for business loan in Nagpur?
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 Nagpur
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 Nagpur

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 Nagpur

Documents required for business loan in Nagpur:

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 Nagpur:
HDFC Ltd: Ground Floor, Rawel Plaza, Kamptee Road, Kadbi Chowk, Nagpur, MH, 440004
MiFinance: 13, Vyankatesh Nagar, Behind Arun automobiles, Khamla Road, Nagpur, MH 440025