Introduce readers to the various business loan options offered by Kosh Fin Pro, including term loans, lines of credit, equipment financing, and working capital loans. Highlight the key features, benefits, and advantages of obtaining a business loan from Kosh Fin Pro.
Check your EligibilityBanks and NBFCs offer secured and unsecured business loans to finance the business or business related activities of self-employed individuals, MSME borrowers, self-employed professionals, etc. Paisabazaar.com allows the prospective business loan borrowers to compare the features and business loan interest rates offered by top lenders. The applicants can then apply online for the best options available based on their credit profiles.
Get started nowWe collaborate with leading banks and automotive financing companies to offer car loans with attractive interest rates and convenient repayment options. Our banking partners ensure a smooth loan approval process and timely disbursal of funds for your car purchase.
Get started nowBusiness Loan interest rates may vary from lender to lender depending on the credit profile of the applicant, nature of the business, loan facility availed by the applicant and the type of collateral/security pledged by the borrower. The interest rates offered by top Business Loan lenders are mentioned below.
Get started nowID Proof- Voter ID, Driving License, Aadhar Card, PassportPAN Card for partnership firms, individuals and companiesAddress Proof- Telephone/electricity bill, Voter ID, Passport, Bank Statement, Driving License, registered lease deed or sale agreement, NREGA CardAge Proof- Birth certificate, PAN card, Aadhar card, Passport, etc.Ownership proof of residence or officeBusiness continuity proofCopy of company’s PAN cardBusiness registration proof Passport size photographsLatest GST returnsBank statement for last 6 monthsLatest ITR along with income computation, B/S, P&L account for last 2 years certified by a CASole proprietor declaration or certificatePartnership deed copyCertified copy of MOA, AOA and Board Resolution
Get started nowTo qualify for an education loan, you should have secured admission to a recognized institution, provide course details and fee structure, have a co-applicant (if required), and meet the lender's age and income eligibility criteria. Our loan specialists assess your eligibility and facilitate the education loan application process.
Get started nowAny credit score that is 750 or above is considered good by financial institutions. The maximum credit score is 900 and any score close to it shall be preferred first by lenders.
Ideally, if you avail short-term loan then the repayment tenure should not exceed 12 months. However, it may increase as per the desired loan amount. The maximum repayment period can be chosen up to 5 years depending upon the loan amount that may exceed as per business requirements.
GST plays an important role in getting business loans, as the more the GST is paid, the larger shall be the business volume. Therefore, it becomes easy for banks to rely on such applicants or borrowers that pay their GST.
The minimum annual turnover criteria are defined by the lender and vary from bank to bank.
The pre-closure and part-payment charges vary from lender to lender. It may be Nil from some Banks and may exceed up to 5% of the loan amount from others. Ensure to check the same with your lender.
Some of the popular schemes include MUDRA Yojana under PMMY, SIDBI loan, CGTMSE, PMEGP, Standup India, Startup India, psbloansin59minutes.com, NSIC, NABARD, etc.
To get a small business loan you can check and compare all the available options under a single web platform and get a collateral-free small business loan up to Rs. 10 lakhs at low-interest rates. You can also apply for a Mudra loan under PMMY or a loan with Private sector banks, NBFC, or small finance banks.
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