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Old 04-30-2018, 06:47 AM
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StartupNews StartupNews is offline
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Default how to apply for business loan?

how to apply for business loan?
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Old 05-01-2018, 06:22 AM
capitaworld capitaworld is offline
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Default Re: how to apply for business loan?

BUSINESS LOAN

The range of interest rate is in between 10-20%. Each bank has different criteria for approving of the business loan. Based on customer income, business activity, type of business, CIBIL score etc final eligibility is calculated.

You should compare Processing Fee, Per Month's EMI, Prepayment Charges, and Foreclosure Charges etc before availing a loan.

FACTORS AFFECT FINAL ELIGIBILITY

Collateral

Credit Score

Time in Business

Monthly Revenue

BASIC DOCUMENTATION

Proof of identify (Voters ID card/ Passport/ Driving license/ PAN card)

Proof of residence (Telephone Bills/ Electricity Bill/ Property tax receipt/ Passport/ Voters ID card)

Proof of business address.

Updated Statement of Bank Account/ Pass Book

Signature proof

Personal Assets and Liabilities statement.

Acknowledged copies of 3 years I.T. returns/ Assessment Orders.

Photocopies of challans evidencing payment of Advance Income Tax.

Business existence proof

If you still have any query, you can get free consultation here.

If you have any query, you can get free advice for car loans from us.

Visit: CapitaWorld dot com
CapitaWorld Platform
Ahmedabad
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