For every business, funding is a key concern and a requisite for scaling up. But getting loans is not that simple, especially for small businesses. This is where here MyBusiness promises to support. Our financial services are aimed at helping you overcome financial constraints and realize your business goals.
Key Features of Business Loans
- Eligible age: To be eligible for a loan from us, a borrower must be 21 to 60 years of age.
- Loan amount: Your business loan amount can range from Rs. 1 to 7.5 lakh. The amount of the loan depends on your needs.
- Tenure of loan: We make loan payments over a period of one to three years. It is up to you to choose the one you can repay.
- Eligibility criteria: We have very easy eligibility criteria to meet. The business must have been in existence for more than two years, and the previous year's income tax return must have totaled more than Rs. 1.5 lakh. Moreover, you should have more than Rs. 10 lakh in annual banking.
- Business vintage: Your business' vintage plays a key role in determining its stability and authenticity. We will need the ITR for the past two years to verify the vintage of your business.
Documents for Business Loans:
- 2 year ITR
- 1 year bank statement
- Business proof (Trade license,shop liance,gst registration, fssai license)
- Aadhar card,pan card,photo,Bill
Apply Link:- Click Here
