Apply Business Loan in Kolkata

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Not getting the desired loan amount

- Try adding multiple partner/director as a co-applicant alongwith the borrowing entity

Not getting the desired loan amount?

- Finance Buddha can try to do a debt consolidation/balance transfer to increase eligibility

Business Loan in Kolkata

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.

How Finance Buddha can help you get a Business Loan in Kolkata?

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.

 

Business Loan Eligibility Criteria 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.

 

 

Business Loan Documents Required in Kolkata

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

 

 

Business Loan Interest Rates, Fees & Charges in Kolkata

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.

Bank

Loan Amount

Rate Of Int

Processing Fee

Process

Pre Closure

ICICI BANK

1 Lakh To 20 Lakhs

18 % To 20%

2% To 2.5%%

5 To 7 Days

2% To 5%

HDFC BANK

1 Lakh To 30 Lakhs

18 % To 20%

2% To 2.5%

5 To 7 Days

2% To 5%%

CITI BANK

1 Lakh To 30 Lakhs

18 % To 20%

2% To 2.5%

5 To 7 Days

2% To 5%%

KOTAK BANK

1 Lakh To 20 Lakhs

18 % To 20%

2% To 2.5%

5 To 7 Days

2% To 5%%

BAJAJ FIN

1 Lakh To 20 Lakhs

18 % To 20%

2% To 2.5%

5 To 7 Days

2% To 5%%

TATA CAPITAL

1 Lakh To 20 Lakhs

18 % To 20%

2% To 2.5%

5 To 7 Days

2% To 5%%

INDUSIND BANK

1 Lakh To 20 Lakhs

18 % To 20%

2% To 2.5%

5 To 7 Days

2% To 5%%

CAPITAL FIRST

1 Lakh To 15 Lakhs

18 % To 20%

2% To 2.5%

5 To 7 Days

2% To 5%%

Frequently Asked Questions