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Business Loans

Business loans in Delhi & NCR can be availed by,self-employed professionals,entrepreneurs and all business owners. The business loan taken may be utilized to purchase equipment,employ more workforce,to purchase machinery or to expand the present business.
We All Know that Delhi & NCR is among the most productive metro area in the country. 
The maximum loan amount that one can apply or get for a Business Loan in Delhi and rate of interest is:-

Business Loan in Delhi -Year 2020
Interest Rate Based on business requirements- From 11.00% to 24 % Reducing balance rate of interest.
Loan Tenure Max. up to 5 Years
Loan Amount Maximum up to Rs. 20 Crores.
Fees 2% on an Avg.

The prospective Customers seeking business loans in NCR should note that the interest rate and processing charges varies across NBFCs & Banks.

Business Loan in Delhi – Categories

Business loan in Delhi are provided under the below mentioned categories:

OverdraftsAccount

Overdraft accounts permits customers to withdraw cash over and above the amount deposited at the bank. The overdraft limit and interest charged rate is set at the time of OD account opening.

Term Loan
THe most of the business loans in NCR applied as Term Loans.The normal tenure for term loans is of 5 years in general but may be extended depending on the institution. .

Business Loan in Delhi – Features and Benefits

Business loans offer lot of features and benefits,few of them are listed below:

Fixed Interest Rate
The interest rates at which business loans are taken remains fixed for the entire tenure.
The interest rate,is always decided based on the applicant’s credit score,past repaymnets, loan scheme applied,internal score etc.


Collateral Free Loan
Business loan in Delhi & NCR does not require collateral or security from the applicant since these are unsecured loans.
 The Banks and NBFCs review each applicant’s age, credit history, income details,etc to finalize the loan feasibility and eligibility.


Flexible Repayment Tenure
The Business loans in Delhi NCR can be served for one to five years.
Some of lending institutions do not charge prepayment penalties which permits good flexibility to customers to repay their loans at their will.

Loan Amount
In Corona time,the tentative maximum loan amount which can be availed is tentatively Rs.35 lakh which may go higher in certain cases.

Quick Processing
Business loan in Delhi NCR can be sanctioned in 3 to 5 days only.

Business Loan in NCR – Apply through loanzdoctor.com
The customers who seek good professional advise and needs maximum amount in  business loan in Delhi NCR can apply through loanzdoctor.com.


Business Loan in Delhi – Documents Required

Required Documents:
Permanent Account Number or PAN Card
Identity Proof Aadhaar Card, Passport, Voter ID Card, PAN Card, Driving License
Bank statement for the previous 6 months
Address Proof Aadhaar Card, Passport, Voter ID Card, Driving License
Sole Proprietor Declaration, Certified Copy of Partnership Deed, Certified true copy of Memorandum, and Articles of Association which must be certified by Director and original copy of Board resolution
Latest Income Tax Returns (ITR), balance sheet, and profit and loss account for last 2 Years (audited by a chartered accountant)
Proof of continuation which includes; ITR, trade license, establishment, sales tax certificate

Business Loan in Delhi – FAQs

Q. Who can apply for a Business loan in Delhi?

Applicants who reside in Delhi NCR and are Indian Citizens can easily apply for a business loan.

Q. What is the maximum loan amount that can be availed when seeking a business loan in Delhi?

The maximum loan amount that can be availed by customers who seek a business loan in Delhi is Approx Rs. 20 crore (Unsecured Loan). 
Q. What is the maximum tenure for business loan availed in Delhi?

The maximum loan tenure can be up to 5 years. Nevertheless, the banks may extend loans beyond 5 years if they are satisfied eith csutomer credentials..


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