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Factors you must pay heed to before comparing business loan offers

Business Loans are basically unsecured loans, taken to finance different business needs like hardware buy, venture execution, adding to the working capital, stock, growing tasks, procuring staff and so on. Before you start looking at business advances, it's critical to initially learn your definite prerequisites and how much subsidizing you will require. From that point, you'd have to make sense of the measure of business credit you are qualified for. It is at exactly that point that you'd have the option to think about the best ideas from various financial foundations and NBFCs. As a rule, business credits are offered somewhere around INR 1 lakh to 1 crore.

Documents Required for Business Loans

  • KYC : Adhar card, Pan Card, Passport copy, Driving License
  • GST Certificate
  • Last 2 Years ITR computation of income.
  • Last 12 months bank statement
  • Loan papers (If any)
  • OD/CC Letter (If any)
  • Business vintage proof
  • Office ownership proof
  • Any exiscting Loan/CC/OD sanction letter
  • Last 3 years ITR and computation of income of the company and individual.
  • Last 2 years financial with audit report
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