About Business Loan

Business loans are taken for the purpose of establishing a business, expanding business, machinery upgrading, inventory stocking, increasing working capital etc. We have personalized business loans to give your business a much-needed boost to increase productivity and profitability.

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List of Documents for Business Loan

    Personal Documents
  • 1. PAN card
  • 2. Aadhaar Card / Voter ID
  • 3. Driving License
  • 4. Ration card
  • 5. Electricity Bill
  • 6. 1 Copy Photograph
    Other Documents
  • 1. Last 3 years ITR
  • 2. Last 3 years Audit Report
  • 3. Provisional ITR-22-23
  • 4. Projected ITR-23-24
  • 5. Last 6 months Bank Statement
  • 6. MOA/Partner Ship Deed/GST Registration Certificate

Why Choose Corprise for Business Loan

Multi Purpose Loans:

Looking for a short term or immediate term or long term loan, we offer you every solution for your business needs at affordable interest rates.

Collateral Free:

We offer you loans that do not require you to pledge anything against your loan. This eases your process of financing.

Hassle-free Process:

We strive in making your loan application process easier and hassle-free. There is minimal documentation and easy eligibility criteria so that every business person can meet their needs.

Get financing for whatever you need now

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Features of Business Loan

Let us look at some of the benefits of availing of Business Loans.

Streamlines Your Working Capital:

MSME loan will let you manage your working capital efficiently. With an adequate working capital, you can easily procure the working capital required for your business to expand your production or functions and ensure increased returns. This loan will stop you from using your capital by providing a solution that can be repaid in easy installments.

Easy Access:

Getting small business expansion loans is convenient as most lenders have simple documentation and eligibility requirements. You get easy access to finance with minimal documentation requirements and a quick disbursal facility.

Lower Interest Rates:

Most business loans offer low-interest rates to attract customers. While lenders aim to get a healthy return on how much they’re lending, the competition in the lending business is high, which creates a favourable atmosphere for borrowers who are looking for the best deals.

Business loan -Eligibility

The eligibility criteria for applying for a business loan are simple.

Age

You must be an Indian citizen between 25 to 70 years of age.

Ownership:

You must own a business and run it for a minimum of three years.

Credit Score:

CIBIL score of 700 and above

FAQ

Whether you are new to the business, trying to accelerate your business functions, need funds to ensure cash flow, access to working capital, hire new employees, buy new equipment/machinery, or expand your business, no matter what your business plans and needs are, our Business Loans can help you get quick funds. Our Business Loans are designed to meet your financial needs with flexible repayment options and customisable loan options to enhance your business growth. Getting funds to meet your immediate need is simple, secure, and easy with our unsecured Business Loans.

To avail of a Business Loan, you can click on the option ‘Apply for Loan’ on the respective loan product page directly.

Yes, all business loans are secured in nature and you need to pledge your asset for the same.

Any professionals and non-professionals, who are self-employed can eligible to get Business Loan. These loans are approved quickly and are offered at competitive interest rates. The customer segments covered under Business Loans are listed below: -

  • - Sole Proprietorship
  • - Partnership Firm
  • - Private Limited Companies
  • - Closely held Public Limited Companies
  • - Trusts
  • - Hospitals, Nursing Homes, Diagnostic Centers, and Pathological Labs.

A. Documents required for a business loan are as follows-.

Id Proof-
Aadhar Card, Pan card, Voter ID card

Address Proof-
Any utility bills for the last two months.

Business Ownership Proof-
Business registration certificate, Certificate of Commencement, partnership agreement.

Financial Statements-
ITR copy of the previous year, bank account statement of last 6 months, audited balance sheet and profit and loss statement of last 2 years.

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To apply for your required loan scheme, provide the necessary details in the application form below.

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