Business Loan in Ahmedabad - Apply Online @11.69%

There is no doubt that Ahmedabad has always been a hotbed for commercial activities and business.  With this in mind many are looking for ways to improve the have a business or expand their business in this location. Though most business minded people are very keen and willing to take the initiative, it gets blocked when financing factors become a question. Yes, it’s true that there are many banks which are ready to give business loans but finding a right one that suits your need is always a problem. In order to find a solution to this problem, Finance Buddha has come into place. Here everyone can check for the loans and offers provided by banks. Can compare and pick the best bank that suits your loan requirements.

Finance Buddha is more like a one stop solution for all loan requirements. This website is crafted to offer information of business loans and other types of loans for free of cost. Every applicant can make use of the comparison table to pick the bank that offers low interest rates and great benefits. At the end of the day, when it comes to business, everyone will be keen to save every penny that is spent on interest rates and other charges.

Unless the applicant meets the below eligibility criteria it is not possible to get a loan approved from any bank in Ahmedabad. But, to a certain extent the bank branch manager can make decision:

• Minimum business track record of 3 years with ITR and proof of business existence
• Minimum turnover of Rs 25 lakh
• Profit making entity with a minimum profit of Rs 1 lakh
• Clear CIBIL report and track record
• Bank account with reputed banks

Interest rates and charges vary from bank to bank. Here is the list of interest rates and charges for different banks of Ahmedabad for business loan.

Business Loans Interest Rate Comparison of Top Banks / NBFCs in Ahmedabad (updated 09 Jun,2023)

Below listed is the basic documentation necessary before applying for a business loan in Ahmedabad.

Some of the very common list of documents for a business loan approval is:

• Identity Proof (Passport Copy/ Voters ID Card/ Driving License)
• Proof of Address (Ration Card/ Telephone Bill/ /Electricity Bill/ Passport)
• Bank Statements (latest 6 months bank statement /passbook)
• Latest ITR, along with computation of income
• Balance Sheet & P&L Account for the last 2 Years, certified by a CA
• Qualification Proof of the Highest Professional Degree
• Proof of Continuation (Trade license /Establishment /Sales Tax Certificate)
• Other Mandatory Documents (Sole Proprietorship - Declaration, Partnership - Copy of Partnership Deed, Apart from Copy of MOA, AOA & Board Resolution)
• Two passport size photographs