Know About
Business Loan
Obtaining a company loan in India to expand and realise your goals is difficult. Findestination, a Pune-based provider of business loans, is aware of the challenges involved in doing so and provides the best financial alternatives. With the support of our qualified team, we make sure that you concentrate on your business objectives while we assist you with the financial matters. With quick approvals and minimal paperwork, we assist you in raising money without providing any collateral or security. You can use business loans to start a new firm or grow an existing one.
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Submission of complete application
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Submission of all required documents
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Internal verifications
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Personal interview with a bank official
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Sanction of the business loan
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Collection of pre-disbursement documents
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Loan disbursement
Features & Our Assistance
Loans for self-employed professionals and non-professionals
Hassle-free and fast-processing time
No collateral or security required
The convenience of service at your doorstep
Loan amount – Rs.5 lakhs to 500 lakhs
Flexible repayment options, 12 to 60 months
Easy and simple documentation
Funds can be used for business expansion, working capital, etc.
Business Loans Types
Business Person
Loan without collateral for a sole proprietorship, partnership, or Pvt. Ltd.
Self-Employed Professional
Loan without collateral for independent professionals like doctors, architects, CAs, CSs, etc.
LLP (Limited Liability Partnership)
A business loan or cash credit facility is available to LLPs. To qualify for the loan, the designated partners who hold the necessary power must meet the prerequisites.
Applicable Interest Rate
Business loans have interest rates that begin at 12%.
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What are the minimum and maximum loan amounts?
Findestination as a business loan provider in Pune suggests that business loans range from Rs.5 lakhs to Rs.500 lakhs. The loan amount depends on your income and repayment capacity.
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What are the loan tenure options?
Salaried and self-employed professionals can avail business loans in Pune. Salaried professionals can avail from 12 to 60 months, while Self-employed professionals can avail funding from 12-48 months.
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Are there any additional charges?
Yes, processing fees of up to 2% are charged depending on the banks. This fee will be deducted from the disbursal amount payable to you.
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How many days does it take to process the business loan?
On submission of documents following the bank requirements, it generally takes 7 working days. All loan approvals are at the discretion of the bank.
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How do I repay the loan?
As a business loan provider in Pune, we suggest the following ways. First, you can repay the loan through Equated Monthly Installments (EMIs), which can be paid by post-dated cheques favoring the lending bank or through the ECS facility.
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Do I have to offer any security or provide any guarantor for the business loan?
No, to obtain a business loan, there is no need to provide any security or collateral.
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Can I prepay the loan earlier? What is the procedure to prepay my business loan?
You can choose to repay the loan anytime after 6 months of availing the business loan at the prepayment penalty of 4 to 5% on the principal outstanding of your loan. There are a few institutions offering NIL foreclosure charges. As a business loan provider in Pune, we will suggest the right solution.
Eligibility And Documents Required
Eligibility requirements
The working capital deficit, loan repayment capacity, credit history, and other characteristics are among those that determine eligibility for SME working capital loans. As a result, determining a company’s working capital’s eligibility is a complicated procedure that differs between banks because each one has its own regulations and assessment standards.
Documents Needed for a Pvt. Ltd. Company, Partnership, or Sole Proprietorship
| Duly filled application | Documents |
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| Identity Proof | Pancard, Passport, Aadhar Card |
| Photos | Passport size photos of all applicants |
| Business proof | |
| Address Proof | |
| Last 2 years of income tax return of directors/partners | |
| Last 12 months bank statement of main operating account of the firm | |
| Last 3 years Audited financials | |
| Certified copies of MOA/ AOA/ Partnership deed as applicable | |
| Existing loan sanction letter/ Repayment track record (if any) |
A well-known business with a reputation for building futures is Banks Town. Banks Town is a top loan provider with over 10,000 clients and ten years of experience, offering doorstep services. One of our main services is to offer loans to SMEs for operating capital, loans for enterprises to expand, loans for machinery upgrades, loans for education, and loans for homes to help you realize your ambitions.
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