Business loan in Pune is offered to professionals and business persons. Pune as like Mumbai is booming in IT sector. It has presence of many industries. Many groups and individuals are establishing companies here. This is why, entrepreneurs may require business loan in Pune. If you are looking for a quick business loan online, you can get it from loanbaba.com. It is a place where you can compare business loan in Pimpri and other area of the city.
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Business Loan in Pune Details Updated on 15th June 2021 |
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Loan Amount
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Rs. 1 Lakh to Rs. 1 Crore
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Loan Tenure
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6 Months to 5 Years
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Interest Rate
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13.00% Onwards
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You can get details of top business loan provider in Pune at our website. Today, a number of private financial institutions and banks offer financial help to people by providing business loans. Our website, Loanbaba.com will provide you all details about Business loan Pune.
Why Apply for Business Loan Pune on Loanbaba.com?
At Loanbaba, you can compare and apply for business loans online. You can check out several business loan schemes and go through all their features such as quantum of loan, amount of loan, processing fees, interest rates, and other conditions, at one page. We even offer you Business Loan EMI calculator free-of-cost, through which you can understand the instalment to be paid every month.
You can also quickly apply for Business Loan online on our website without having to visit the branch. It is simple and easy, and you can upload all the required documents online. Disbursal is done at the soonest, and you can keep a track of your loan application on the website.
Business Loans Eligibility in Pune
business loan eligibility may differ from one candidate to another. You can also use free-of-cost Pune business loan eligibility calculator at Loanbaba.com. The eligibility criteria for business loan are discussed below:
- Usually, the criteria required are that one should be pursuing that business from a period of at least three years with required income and revenues.
- For the application of loan to be accepted, one needs to prove his/her ability of paying back the amount of the loan via profits generated through the business.
- One can avail business loans up to Rs. 1 crore through different NBFCs, private financial sources and banks to fulfil all the financial needs if he/she is a new or existing business person.
- These loans are offered at different interest rates as per the eligibility of the applicant.
Business Loans Interest Rates in Pune
Most of the NBFCs or banks have strict criteria for approving business loans. The business loans Interest rates in Pune depend on business turnover, profit, income of the applicant, financial condition of the company, loan amount and tenure etc. The rates can start at as low as 13%.
How Do I Get a Business Loan with the Lowest Interest Rate in Pune?
Here are some of the ways you can get lowest interest rate business loans for yourself.
- Compare interest rates and offers on our website to know the lowest business loan rates.
- Maintain a clean record on repayments so that the financial institution readily offers you best interest rate on the loan.
- Strive to keep your company credit above 750, which is considered as a good credit score for business loan.
- Do not default on existing loans otherwise it will be difficult to get business loan approval or lower rates.
- Take benefit of seasonal offers by banks and NBFCs, specifically those that offer slashed interest rates.
Documentation Required for Pune Business Loans
The documentation needed to avail business loan in Pune include proof of address , IT return of last three years, board resolution, audited financials, bank statements, ID proof of the company etc.
NBFCs and Banks providing business loans in Pune:
- ICICI Bank: It is the 2ndlargest bank in private sector in the country and it has almost sixty seven branches (full & part service) in Pune.
- HDFC Bank: It is largest bank in private sector in India and there are almost one hundred and four branches of the bank in the city.
- Axis Bank: It is the 3rdlargest private bank in India and it has approximately forty seven branches in Pune.
- Kotak Bank: It is a renowned private bank in the country and it has almost thirty branches in Pune.
- Citibank: it is a reputed bank and operating with one branch in the city.
- Bajaj Finserv: it is among the reputed NBFCs in the country and has three branches in the city.
- Tata Capital: it is also a renowned NBFC with about three branches in the city.
- Fullerton: it operates in the city with its two branches.
How to Apply for Business Loan in Pune on Loanbaba?
You can apply for Business loan in Pune with top banks and NBFCs at Loanbaba.com.
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