Kotak Bank Business Loan
As A businessperson, your main goal is to sustain, grow and expand the business to its next level. a customized business loan availed against any property or other asset can help you fulfil your business needs. Business loan by Kotak bank is a great option to cater all your financial requirements for your business. The bank provides loans starting from 3 lakh rupees or much more from this as per the needs of your business in India. The approval for this loan is fast and minimum documentation is required which makes it easy to avail it. Loanbaba.com provides all the information about Kotak Bank Business Loan: Kotak bank business loan eligibility, business loans interest rates in Kotak bank, Kotak bank EMI calculator and more.
Features of Online Business Loan Kotak
The highest amount that one can avail is 75 lakh rupees.
The present annual BPLR offered by kotak bank is 18.25 %, but it can be changed as per the discretion of the bank.
Repayment options are flexible
Approval is quick and processing is hassle-free
Duration is 3 years and more
In case the applicant is an exporter, then he/she can avail term loan in the foreign currency viz FCTL/ FCL
One can swap the high cost debts taken from other Financial Institutions/ Banks via balance transfer
Who Can Avail Business Loan in Kotak Bank?
However this loan can be avail led by the company's discretion which is giving the loan, it can only be availed by a specific kind of company. The company should have a yearly turnover of 50 lakh rupees to two crore rupees based on the business' classification.
Kotak Mahindra Business Loan’s Terms & Conditions:
The company that is not operating for a minimum of3 years cannot apply for this loan.
The applicant must show the cash profits of last 2 operation years.
To be eligible for this loan the company also has to show below given documents:
ITR of last 2 years
P&L account and Balance sheets of last 2 years.
Company’s last 6 months’ balance sheets
Residence and identity proof of authoritative signatories for your company