In any sector that is constantly in need of quick access to business financing, SME corner remains committed to bring the right sized, unsecured small business loan. Un secured business loan is an SME financing instrument that specifically cater to the sudden needs of growing business.
We understand your needs and offer a customized solution that is right for you.Our team of dedicated professionals helps you determine your requirements. The best part is that all of this available at your doorstep.
With out any collateral /guarantor or security ,To fulfill your every business need.
Quick eligibility check & disbursal.
Door step service.
Qualifying criteria for unsecured business loan
Business loans can be applied for by the proprietor,partnership firms,director of private company who are operating business in manufacturing ,trading or service industry.
However ,The age of the borrower should be not less than 21 years at the time of application & not more than 65 years at the time of the loan matures.
Borrowing criteria for unsecured business loan
Business should have a turnover of at least 1cr & should be earning profit as per the last 2 years.
As per ITR ,The borrower should have a minimum income of 3lacs.
The borrower should have experience of 5 years & the business should be in existence for a minimum 3 years.
Documents required for unsecured business loan
Income tax returns duly filed with the income tax department for a minimum of 2 financial years.ITR should be accompanied with balance sheet, income statement & computation of income ,copy of acknowledge. the financial statements provided to the bank must be audited by practicing chartered accountant.
Documents which have formed the existence of business like certified copy of the partnership deed or memorandum & articles of association or declaration by sole proprietor.
Bank a/c statement for last 6 months.
Vat & Gst registration certificate.
Proprietor pan card/partnership firm pan card/pvt ltd company pan card.
All existing loan sanction letters.
Tenure: 3 years.