Business loan partners and offers
Business Loan Partners & Offers
HDFC Bank Business LoansHDFC Bank Limited is an Indian financial services company based in Mumbai, Maharashtra that was incorporated in August 1994 and currently has nationwide network of 3,488 Branches. HDFC Bank is the fifth largest bank in India by assets and the largest bank by market capitalization as of 1 November 2012.
HDFC Business Loans FeaturesDesigned to help businessmen involved in manufacturing, trading and the service industry. Loan amount up to Rs15 lakhs and this amount can be up to Rs 30 lakhs in some selected locations.
No collateral /guarantor /security required. Rack interest rate range 17.5% to 22%.
HDFC Business Loan EligibilityAge Factor: Minimum age of the loan applicant should be 21 years. Maximum age of applicant at loan maturity: 65 years Years in business: Minimum 4 years (at least 2 years in the same Business). Minimum Annual Income of the loan applicant: Rs.100000/- p.a. for Metro Locations & Rs.75,000/- p.a. for non-metro locations
HDFC DocumentationIdentity Proof – Passport/Driving Licence/Voters ID/PAN Card Address Proof – Passport/Leave and Licence Agreement/Utility Bills (last 3 months)
Date of birth ProofBank Statements for the Last 6 months Other required documents may vary among applicants and are subjected to Bank’s consideration.
ICICI Bank Business Loans
ICICI Bank Limited is a multinational financial services company headquartered in Mumbai, India. It is the second largest bank in India by assets and third largest by market capitalisation. ICICI Bank Business Loans Features (ICICI Bank Secured Business Loans).
ICICI Bank Business Loans Features (ICICI Bank Secured Business Loans) Cash credit /Overdraft for meeting working capital finance requirement. Export credit to provide pre-shipment and post shipment finance. Letter of credit to facilitate trade.
Bank guarantees for meeting performance and financial obligations. Term loans for purchase of commercial assets and business expansion needs. Loan amount- up to Rs 50.0 million for working capital and capital expenditure needs. Interest rate is linked to ICICI Bank’s base rate for fund based facility. Low collateral requirement and lending available upto 3 times of the value of collateral.
ICICI Business Loan Eligibility
Age Factor: 23 years – 58 years for salaried employees, 25 years for doctors, 28 years for self-employed individuals. Maximum age – 65 years Years in business: In current business for at least 2 years for salaried employees and at least 5 years for self-employed and minimum 3 years for doctors Net Income: Minimum monthly income for Salaried individuals Rs.17,500 (Rs.25,000 for applicants residing in Mumbai & Delhi; Rs.20,000 for applicants residing in Chennai, Hyderabad, Bangalore, Pune & Kolkata)
ICICI DocumentationIdentity Proof – Passport/Driving Licence/Voters ID/PAN Card Address Proof – Passport/Leave and Licence Agreement/Utility Bills (last 3 months) Latest 6 months Bank statement for self-employed individuals and latest 3 months Bank statements for salaried employees 2 passport size photographs Office address proof for self-employed individuals Proof of residence or office ownership for self-employed individuals Proof of continuity of business for self-employed individuals
HSBC Bank Business Loans
HSBC’s origins in India date back to 1853, when the Mercantile Bank of India was established in Mumbai. The Bank has since, steadily grown in reach and service offerings, keeping pace with the evolving banking and financial needs of its customers. The Bank offers a comprehensive suite of world-class products and services to its corporate and commercial banking clients as also to a fast growing personal banking customer base.
HSBC Business Loans featuresCan choose from a range of finance options like export/import financing, discounting of export receivables, bank guarantees for business requirements, treasury line to manage cross currency transaction risk. Maximum loan amount upto Rs 10 crores MSE( Micro and Small Enterprise) can avail loans upto Rs 10 lakhs without collaterals. Flexible quantum and tenor of loans. Interest rate is calculated on the prevailing base rate at the time of processing.
HSBC Business Loan Eligibility
Age Factor: Minimum age of the guarantor to be 21 years. Maximum age of the guarantor to be 65 years at the time of the loan maturity Business Loans are provided on 3 categories for HSBC Bank listed below and the criteria varies for each category Sole Proprietorships Partnerships Private Limited Companies HSBC Business Loan Documentation Sole Proprietorship Identity Proof to be submitted for the Sole Proprietor (any one of the following): Passport OR Voter’s identity card OR Photo PAN card OR Driving license OR MAPIN card Address proof to be submitted for the Sole Proprietor (any one of the following): Passport OR Voter’s identity card OR Driving license OR Ration card OR Society outgoing bill OR Life Insurance Policy OR Electricity bill OR Telephone bill (land / mobile)