Who is eligible for business loan?
Business loan helps traders, businessmen and professionals to start or expand their commercial activities. The loan can be secured against a collateral in the form of property, finished goods, etc or can be availed without keeping any collateral security. This unsecured business loan is more expensive than secured business loan.
Last 2 years ITR PAN Card / Form 60 for all applicant / Co-applicant / Guarantor Audit Report KYC Documents Fees and Charges Normally lender charges a fee of up to 2.5% of loan amount towards the processing of loan. The lender may charge you a penalty for early closure of loan.