Business Loan Vizag | Interest Rates | Documents | Eligibility | Apply
Business Loans In Vizag: Get Best and lowest rates on loans with Maximum loan amount and less documentations. Apply online for getting self employed, small business loans online in Vizag.
Business loan helpful for start up a business, maintaining your existing business expenses or company- eg pay for premises, new equipment, renovation, advertising and more. Business loan for Hotel and Restaurant in your city check emi,eligibility and more.
Who is Eligible for business loan in Vizag?
Any person who is running a legitimate business with good earnings can go for a business loan. Banks have certain criteria to validate on how much and whom to give. This is on the basis on.
- Type of the business- Ie Proprietorship, Partnership, Pvt Ltd or Public Ltd.
- Turnover of the business.
- Profit of the business.
- Cash flow of the business.
- Track record and type of business.
How much Business loan you can get in Vizag
Based on the profit and years of business and cash flow- Banks come out with eligibility of the loan amount it can give to business. This is based on how much profit he is making and how he can manage to pay the emi with the cash flow.
Banks which Provides Business loans in Vizag
There are various Banks that can give me loan. The lists are as follows:
- HDFC Bank
- ING Vysya Bank
- ICICI Bank
- Standard Chartered Bank
- SMFG India
Click here for – Check Interest Rates on Business Loans in Vizag
Documents required for business loan in Vizag:
- 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 Acc 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
Check monthly emi – Business Loans EMI Calculator
Banks Address for Business loans in Vizag:
Corporation Bank: Jail Rd, State Bank Of India Colony, Nehru Nagar, Ram Nagar, Visakhapatnam, Andhra Pradesh 530020
State Bank of India: 1st Floor, Daspalla Centre, Suryabagh, Suryabagh, Visakhapatnam, Andhra Pradesh 530020
Syndicate Bank: Door No. 30- 15- 141, 1st And 2nd Floor, Pavan Commercial Complex Main Road, Daba Gardens, Andhra Pradesh 530020
Karnataka Bank Ltd: 9-1-221/1, Near Rama Talkies Junction, Cbmcompound, Visakhapatnam, Andhra Pradesh
IDBI Bank: No. 9/29/6 -1, Balaji Nagar, Balaji Mangalagiri Chambers, Siripuram, Andhra Pradesh 530003
IDBI Bank: Daba Garden Rd, Daba Gardens, Allipuram, Visakhapatnam Part, Andhra Pradesh 530020
