Business Loan Vijayawada | Interest Rates | Documents | Eligibility | Apply
Business Loans In Vijayawada: 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 Vijayawada.
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 Vijayawada?
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 Vijayawada
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 Vijayawada
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 Vijayawada
Documents required for business loan in Vijayawada:
- 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 monthly emi – Business Loans EMI Calculator
Banks Address for Business loans in Vijayawada:
Coastal Local Area Bank Ltd: D No 59-14-2A,Gayatri Nagar, Upstairs SBI NRI branch, Vijayawada, Andhra Pradesh
Syndicate Bank: Siddhartha Nagar, PBS Arts College, Mogalraja Puram, Vijayawada, Andhra Pradesh 520010
Syndicate Bank: NTR University Of Health, Vijayawada, Andhra Pradesh 520008
