Business Loan

Business Loan Features

Features and Benefits of our Business Loan

Swift Disbursal: Recognizing the urgency of business funding, we ensure rapid disbursal of loans. Small business loans can be approved and disbursed within three days, enabling your business to thrive without delays due to insufficient funds.
Minimal Documentation: To simplify the loan application process, we require minimal documentation. Say goodbye to extensive paperwork, our online platform allows you to submit business loan documents effortlessly.
Competitive Interest Rates: Committed to supporting small businesses in India, we offer competitive interest rates. This ensures that you can access financial assistance without the burden of exorbitant payments.
Flexible Tenors: Tailoring our services to your needs, we provide flexibility in choosing a repayment tenor. Whether you prefer a shorter or more extended period, you have the option to repay the loan over three years, accommodating your financial preferences.

Eligibility Criteria for Business Loan:

Our business loan eligibility extends to self-employed individuals, proprietors, private limited companies, and partnership firms. Explore the details below to understand the eligibility criteria for our business loans:

1. Eligible Applicants:

Proprietors
Private Limited Companies
Partnership Firms

2. Business Loan Eligibility Checklist:

Applicants should be self-employed. Professionals like doctors and CAs, as well as proprietorship concerns, are eligible.
A credit score (CIBIL) of 675 and above is required.
The business should have been in operation for a minimum of two years at the time of loan application.
The business should not be classified under any list of blacklisted businesses.
The office location should not be on any negative list.
Charitable organisations, NGOs, and trusts are not eligible for a business loan.

To determine your eligibility, you can check the business loan eligibility criteria online or contact People Grow Financial Solution.

Documents Required for Business Loan

The following documents are required in order to apply for a business loan from People Grow Financial Solution:

Photo Identity Proof (Any one):

PAN Card
Aadhar Card
Passport
Latest Passport Size Photo
Voter’s ID

Address Proof (Any one):

Aadhar Card
Utility Bill (telephone, electricity, water, gas) – less than 2 months old
Passport
Driving Licence
Current and Permanent Address Proof

Proof of Income:

For Self-Employed Professionals / non-professional:

ITR Return for the last 3 years along with income of computation, Financial Report, Audit Report, P&L Statement and Balance Sheet.
GST Registration
GST Return of Last 2 years.
Current & savings Account Bank Statement of past 6 months.
26AS of the latest 2 years

For Partnership Firm:

Partnership Deed
Shareholder Certificate
Director’s List and Director KYC
Firm’s PAN Card
26AS of the latest 2 years

For Private Limited Company:

MOA
AOA
LOD
LOS
BRB
Director’s KYC
Company's PAN Card
26AS of the latest 2 years

Fees and Charges for Business Loan

The fees and charges of Business Loan usually vary from lender to lender and from case to case. Therefore mentioned table will give you a fair idea of the fees and charges related to Business Loan:

Particulars	Charges
Loan Processing Fees	Upto 2% of the loan amount plus Taxes
Stamp Duty Charges	Payable as per the state law
Rate of Interest	Starting at 10.35%
Rack Interest Rate Range	Minimum 10.00% and maximum 22.50%

Personal Loan Reviews

Anjali Sharma

Marketing Executive

The personal loan process was incredibly smooth. The interest rates were competitive, and I received the funds quickly without hassle.

Rahul Kumar

Software Engineer

Very professional service. I appreciated the transparency in charges and the timely communication throughout the loan approval.

Pooja Nair

HR Manager

Hassle-free documentation and quick disbursal. I’d recommend this to anyone looking for a personal loan with minimal delays.

FAQs

We Are Available In Cities

Ludhiana

Raipur

Hazira

Vadodara

Gujarat

Nashik

Valsad

Mumbai

Hyderabad

Jalandhar

Indore

Mangalore

Daman

Umbergaon

Jodhpur

Pune

Udvada

Ahmedabad

Vikramgad

Surat

Bhopal

Jaipur

Silvassa

Kevadiya

Kolkata

Vapi

Bharuch

Saputara

Nagpur

Varanasi

Delhi

Diu

Bangalore

Lucknow