All Services
Term Loan
Purpose
To fund long-term projects or investments like equipment purchases, business
expansion, or renovation.
Features
- Longer repayment period (1 to 5 years or more).
- Fixed or variable interest rates.
- Collateral-free business banking loans.
- Flexible repayment tenure.
- Assessment based on future cashflows.
Eligibility
- Businees Age – 2 years
- Good credit score preferred
- Bank Statements for last 12 months of business.
- Recent business GST returns (typically last 1 years)
Basic Documentation
- Business Registration: Proof of business registration or incorporation.
- Financial Statements: Last 3 years audited profit and loss statements, balance
sheets, and cash flow statements. - Bank Statements: Last 6 to 12 months of business bank statements.
- Tax Returns: Recent business tax returns (typically last 2 years).
- Identification: Personal identification of business owners (e.g., Aadhar card,
Pan card, driver’s license).