A business loan is a kind of financing you can avail to meet the urgent needs of your growing business.
If you need funding to expand your existing business, buy machinery, or boost production, our business loans come with a host of benefits and are tailormade to meet your unique business needs.
Use the funds to invest in infrastructure, expand operations, upgrade to the latest plant and machinery, maintain inventory, or to even increase working capital.
Our online business loan application process is one of the fastest, simplest ways for you to get the funds you need to get on track towards financial freedom.Compare Business Loan
Purchasing equipment that can improve your business offering is typically a no brainer for financing. You need certain machinery, IT equipment or other tools to make your product or perform your service, and you need a loan to finance that equipment.
If you’ve outgrown your initial office location. Or maybe you run a restaurant or retail store, and you have more customers in and out than you can fit inside your space.It likely means business is booming, and you’re ready to expand. But just because your business is ready for expansion, doesn’t mean you have the cash on hand to make it happen. In these cases, you may need a term loan to finance your big move.
Banks make loans to small businesses to purchase inventory. Some small businesses are seasonal in nature, particularly retail businesses. If a business makes most of its sales during the holiday season, and you want to purchase most of their inventory prior to the holiday season then you can go for business loan.
When working at a startup or small business, you wear a lot of hats. When you choose to invest your money in your talent, believing that this is one way to keep your business competitive and innovative. This can be a great move, if there’s a clear connection between the hiring decision and an increase in revenue. But if having an extra set of hands around helps you focus on the big picture, that alone may be worth the loan cost.
Any salaried, self-employed or professional Public and Private companies, Government sector employees including Public Sector is eligible for a business loan.
Maximum age of applicant at loan maturity: 60 years
Minimum Net Yearly Income: Rs 2,00000
Applicant should have the bank specified credit score.
We have published some of the FAQ's for general guidance, information and assistance of users.In case your unable to get your answers please write to us at email@example.com.
Borrower’s PAN card, address proof, last two years financial statements including profit and loss account and balance sheet, last six months bank statements, VAT/Service tax returns, partnership deed/MOA, existing loans repayment track record, partner/director’s PAN card, KYC, own house proof, ITRs, etc. Additional documents may be required on a case to case basis.
The bank will levy certain ECS bounce charges or penalties. Additionally, that will also get reported in your credit report. Depending upon the severity and the regularity of the miss, it may have a serious impact on your future credit possibilities like in obtaining a home loan, car loan, etc. Additionally, banks may also take legal action against the borrower.
You can repay through Post Dated Cheques, Electronic Clearance Service (ECS) or Direct Debit.
You can avail of a loan from Rs 50,000/- to Rs 50,00,000/- depending on your income, repayment capacity and respective location product cap.
A-8, 1st Floor Priyadarshni Vihar
Above AU small finance Bank
Delhi - 11009
Email - firstname.lastname@example.org