Business Loan in Gurgaon

If you want to start your own business or need funds to boost your current business in Gurgaon, you are at right place as loanbaba.com provides all the information about business loans in Gurgaon. Businesses are growing at a fast speed in this city of India. Companies across the world are opening their headquarters and offices in Gurugram. The city is speedily growing in infrastructure, giving new opportunities for entrepreneurs and businesses. This is why; many entrepreneurs and companies choose to take business loan online in Gurgaon. At loanbaba.com, you can get business loan from top loan providers.

Business Loans Interest Rates in Delhi

As per business loan provider in Gurgaon, the rate of interest will differ. However, the factors that influence the interest rate for Gurugram business loan include, age of the applicant, financial profile of the applicant and the company, business profit and revenue and credit score of the applicant etc.

Eligibility required availing Business Loan Gurgaon

For availing business loan, the applicant should be running a legal business with enough revenue. The entrepreneurs wanting to open a new business, needs to meet some other eligibility as well.  Partnership firms, Self proprietorships, doctors, Pvt. Ltd. companies, professionals who are self employed with minimum yearly turnover of Rs. 25 lakh for manufacturers and Rs. 50 lakh for traders.

Details about Gurgaon Business Loans:

Features of the Product

Business Loan(Unsecured)

Loan amount

Rs. 1 lakh to Rs. 1 crore

Tenure of Loan

6 months to 5 years

Charges of Processing

2 to 3 % 

Documentation needed to avail Business Loans in Gurgaon: 
  • Proof of Identity 
  • Board Resolution (in case the Private limited company is Partnership Authorization /co-borrower
  • Audited or CA Certified P/L Account Statement. For the loan less than Rs. 40 lakh rupees, an audit report with P&L schedule and Balance Sheet of last two years.
  • Proof of address 
  • ITR and Computation statement of the Income of last two years.
  • A Proof of Business continuity 
  • A Letter (in case the partnership firm is a co-borrower)
  • Proof of ownership of office or Residence 
  • Bank Statement of last 6 Months
  • Co-Applicants ITR of last 2 years.

You can compare all the business loan offers provided in Gurugram by different banks to know about best loan offered on loanbaba.com. The parameters you must compare are eligibility, rate of interest, loan amount, time of processing, other terms like penalty for prepayment and charges of processing.

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