Business Loan in Chennai

Chennai is a metropolitan city in India and it is a big commercial centre because of strong infrastructure support. A variety of businesses (small, medium and large) are set up here in various sectors. With increasing population along with constantly reforms in infrastructure, businesses are also growing, and many are opting for business loan in Chennai from banks and NBFCs to fund their company’s financial needs. 

Get Business Loan Online in Chennai at Loanbaba.com

Besides traditional sectors such as fabrics, jewellery and manufacturing, many new trades are being established in the sectors such as food, IT and retail. Financial help to run and expand these trades can be availed as business loans offered by all the NBFCs and banks and also by private finance companies and top business loan provider in Chennai such as SBI, Axis Bank, ICICI Bank etc. So, one can easily get financial help via Business Loans in Chennai. But for this, one has to meet the eligibility criteria decided by the financial institution or the bank. 

Business Loans Interest Rates in Chennai

The rates of interest for business loans in Chennai depends on the loan amount, tenure, financial position of the firm, and other factors, such as credit score of the applicant, co-applicant profile, income, business turnover and profit etc.

Business Loan Eligibility in Chennai

The eligibility for Chennai business loan differs from one financial institution to other. But, basic requirements include ownership of the business, minimum profit generation as specified by the lending institute, age requirement of the applicant etc.

Documentation required for Chennai Business Loan: 

The documentation needed to avail Business Loan, Chennai include proof of address , IT return of last 3years, audit report of finances, bank statements, ID proof of the company etc.

NBFCs and Banks providing business loans in Chennai: 
  1. HDFC Bank:  It is largest bank in private sector in India and there are almost 91 branches of the bank in the city. 
  2. ICICI Bank: It is the 2nd largest bank in private sector in the country and it has almost 84 branches (full & part service) in Chennai.
  3. Axis Bank: It is the 3rd largest private bank in India and it has approximately 60 branches in Chennai. 
  4. Kotak Bank: It is a renowned private bank in the country and it has almost 16 branches in Chennai. 
  5. Citibank: It is a reputed bank and operating with one branch in Chennai. 
  6. Bajaj Finserv: It is among the reputed NBFCs in the country and has five branches in the city.
  7. Tata Capital: It is also a renowned NBFC with two branches in the city.
  8. Fullerton: It operates in the city with its two branches. 

One can also search for private finance to avail financial help to fulfil the entrepreneurial dreams via business loan in Chennai at loanbaba.com. To know more details and information about the entire process, get in touch with us by filling all the details in our application form.

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