Business Loan in Kolkata - Apply Online @11.69%

Kolkata being the major metropolitan city and port has a lot of business happenings on an everyday basis. Most of the Kolkata businesses are to meet the requirements of not just the place but also whole of West Bengal, North-East and East India. Apart from the usual businesses it has major mining areas, thus it’s a melting point for most of the people in that region. There is no doubt taking a business loan for a place like this will always be for the betterment.

Getting a business loan in Kolkata is no more an issue, with the help of Finance Buddha the applicant can directly check what are the eligibility criteria required by each bank and what will be rate of interest and other charges. On the basis of this, the applicant can decide whether they are eligible to get a business loan in Kolkata or not and if they will be able to meet all the prerequisites. To get start, visit the Finance Buddha platform, fill necessary details in the application form and apply for a business loan in Kolkata.

Though every bank has specific eligibility criteria, the below listed is the basic eligibility criteria applicable to all banks.

• Any person aged between 22-56 years and doing a business whether as a proprietor, partner, or director in a private limited company can avail business loan very easily.
• Entrepreneurs engaged in manufacturing, trading or services can avail business loan in very short time.
• The business should be minimum 5 years old and should have a minimum turnover of 1 crore and above.
• The net profit of the business should be more than 2.5 lakhs p.a
• Business loan interest rates are normally vary from 16% to 22%. The bank will not ask for any security or guarantee.
• Business loan can be repaid in easy installments ranging from 12 to 60 months.
• Having an own house and good CIBIL score is added advantage.

If you are looking to take a business loan in Kolkata, then it’s time to compare the interest rates and other charges as early possible.

Business Loans Interest Rate Comparison of Top Banks / NBFCs in Kolkata (updated 25 May,2023)

Apart from bank specific documents, some of the very commonly requested documents for business loan approval in Kolkata are:

• Signed Application Form
• Identity Proof (PAN)
• Residential Address Proof
• Last 3 years ITR (self and business), profit and loss account, balance sheets certified/audited by a CA.
• Last 12 months bank account statement (self and business)
• Certificate and Proof of Business Existence
• Business Profile
• Office address - ownership / lease / rent agreement / utility bill