Business Loan Services

BUSINESS LOAN

Business loans help your small business grow, allowing you to invest in infrastructure, operations, and plant and machinery. Moreover, business loans can also be a veritable medium of maintaining Business for critical business operations. Customized business loans are a new category of business loans which are tailored to meet the specific needs of a new age business or startup. These loans offer your enterprise the opportunity to scale and give it the competitive edge necessary for success in today's world.

Features of XCredit Business Loan

• •   Get Business Loans up to ₹ 2 Crore
• •   Superfast Business Loan Processing
• •   Fast Turnaround Time and Disbursals
• •   No collateral required
• •   Fair interest rates
• •   Extended Loan Tenure
• •   No Hidden Costs
• •   Flexible Repayments

Business Loan Fees, Interest Rates & Eligibility

XCredit give full information about loan eligibility like personal loans are provided by most of the banks/NBFCs but with different eligibility requirements. However, there are certain criteria that are common for all financial institutions. The eligibility criteria to get an online personal loan approval for salaried and self-employed individuals are:

Eligibility Criteria

• •   Customized Interest Rates: 8.3% to 9.5% per annualy
• •   Processing Fees: 0.5%
• •   Loan Tenure: 3 to 7 Year
• •   Pre-closure Charges: Nil**
• •   Eligibility Criteria: > ₹ 90,000 turn over for 3 Months
• •   Loan Amount: ₹ 50,000 - ₹ 2 crore
• •   Installments: Flexible Monthly / Bi-weekly

Documents for Business Loan

The common documents required for an online business loan approval are given below:

• 1.   Identify Proof: Passport / Driving License / Voter ID / Aadhaar Card
• 2.   Address Proof: Passport / Driving License / Voter ID / Aadhaar Card/ Utility Bill/Bank Statement/ Bank Account Passbook (Updated or Not more than 3 month ago).
• 3.   Ownership Proof: Agreement Proof/ Electricity Bill/ Maintenance Bill with certificate/ Muncipal Tax Bill/ Share Certificate.
• 4.   Business continuity proof: Shop and Establishment certificate/Tax registrations-VAT/Service tax/GST registrations
• 5.   Firm Constitution: MOA/Partner Ship Deed/GST Registration Certificate
• 6.   Financial
  • 1.   Two years financials
  • 2.   Latest Tax Audit Report