What is Unsecured Business Loan ?
Unsecured Business Loan is a debt finance a business entity can get based on their financial strength. Mainly it is made available to business across segments as collateral free loan to meet short term financial obligations.
Who can get Unsecured Business Loan ?
Any Business which has completed 3 years into business and is profitable is well positioned to get unsecured Business Loan from Banks and NBFCs. The minimum turnover should be above 1 crore as per last audited financial statements.
How much loan one can get ?
Business operating in Bangalore/ Bengaluru can avail unsecured Loan upto 5 Cr based on their eligibility.
What is the rate of interest and Processing charges for Unsecured Loan ?
Generally interest rate varies from 16% to 20% on Reducing balance with most of the Banks and NBFCs. Processing Charge is between 1%-3%.
How to get Unsecured Business Loan ?
If you are looking for a Unsecured Business Loan in Bangalore, Redwood Syndicate is the best service provider:
You can contact them on: 080 42296070 or Email: firstname.lastname@example.org
Documents List for Unsecured Business Loan:
|1||Aadhaar, Pan card, Resi & office (business) address proof of all Applicants and Co-Applicants|
|2||Self Attested Photo of all Applicants and Co-applicants|
|3||Company/Firm KYC (PAN CARD, Address Proof)|
|4||Company Registration Certificates ( GST Certificate)|
|5||MOA / AOA /Partnership Deed/Registration copy/vat registration copy|
|6||Latest Two years Company Financials with Complete set (ITR,Statement of income, P&l, Balance Sheet, Schedules) (form 3cd,3cb, Auditors Report, Directors, Report, Where ever necessary)|
|7||Latest 6 months Complete Bank Statement reflected in balance sheet|
|10||OD / CC /TL Sanction Letters|
|11||Current running Loans Repayment track|
|12||GST Returns for last 12 months|
|13||Property Tax paid receipt /Sale Deed/Khata/property extract|
|13||If any loans are reflecting in cibil ? if yes loan details required|
|14||If any director retired/appointed …from 32 required|
|15||Principle partnership deed required if Applicable.|
|16||Property owner to be joint co applicant..if property is in the name of blood relatives|
|Contact||080-42296070 : Redwood Syndicate: www.redwoodsyndicate.com|
Unsecured Business Loan upto 1 crore within 3 days in Hoskote Bangalore