Business Loan in Jaipur - Apply Online @11.69%

If you are looking to find the best loan consultants in Jaipur, then your search ends at Finance Buddha. This is a best Platform for everyone who is keen to compare and pick the best bank for applying for a business loan at Jaipur.  Finance Buddha has city specific information and guidance and the same can be made use by the applicant to choose a bank that offers loan at low interest rates.

Every applicant should make use of the comparison chart available in Finance Buddha to pick the best bank that offers low-interest rates loans. Ultimately, when it comes to business, everyone will be keen to save every penny that is spent on interest rates and other charges. Thus it is crucial to scrutinize and compare all aspects of what each bank is offering and never jump into decisions.  As such these are long term commitments, thus the decision should always be right.

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

• Self-employed businessmen with an annual turnover of Rs. 2 crores
• Manufacturers with an annual turnover of Rs. 1 crore
• Service Providers with an annual turnover of Rs. 50 lakhs
• Applicant/Borrower has to be in business for last three (3) years continuously, showing a cash profit for the last two (2) years.

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

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

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

• ID Proof
• Address Proof
• Proof of Continuity Of Business
• Bank Statement 6 Months
• Board Resolution (If Pvt. ltd co. is co-borrower/Partnership Authorization Letter {if partnership firm is co-borrower}
• ITR & Statement Of Computation of Income – for last 2 Years
• CA Certified or Audited P/L  Account Statement and for >40 Lacs cases Audit report along with schedules of P&L and Balance Sheet – for last 2 years
• Latest ITR of Co-Applicants – For last 2 Years
• Ownership Proof of Residence or Office