Apply for MSME Business Loan For New Business in Coimbatore
Apply for a small business loan at low interest in Coimbatore
Easy Home Loan understands that each business has its own set of financial requirements. We take great pride in helping business owners and entrepreneurs achieve their financial objectives by providing the best possible financial solutions. We work hard to ensure customer convenience so you can concentrate on growing your business while we handle the finances. To that end, we've created a fully digital process that allows you to apply for a business loan from the comfort of your own home, at any time and from anywhere. We provide you with solutions that best fit your needs based on the information you provide on your small business loan application.
Benefits of Business Loan:
- Flexible Loan Facilities
- Small Business Loan in quick manner
- Tailor-made Solutions
- Servicing Capital Requirements
Loan for Self-Employed in Coimbatore
Whether you're looking to expand your business or start something new, Easy Home Loan has various unsecured options to help you. Our adaptable solutions help you meet your long-term capital needs and your short-term and working capital requirements for everything from inventory re-order to equipment purchases, office expansion, business marketing, and even paying for additional staff. We at Easy Home Loan, with over a decade of experience serving small business owners, strive to provide the best business loans in India based on the needs of each customer across a variety of industries, including retail, e-commerce, and travel.
Eligibility criteria for a small business loan from Easy Home Loan Finance (Individuals & enterprises): Those who work in manufacturing, trading, or services as self-employed individuals, proprietors, private limited companies, or partnership firms. Individuals with five years of business experience have been engaged in the current business for at least three years. Individuals must be at least 22 years old at the time of application and under 65 at maturity to qualify for the loan. Businesses with a minimum annual revenue of '10 lakhs' are eligible. For the past two years, businesses have profited. Businesses with a minimum annual income (ITR) of '2 Lakhs per year. A list of some profiles is considered when applying for a business loan. Chartered accountants, architects, company secretaries, and allopathic doctors currently practising their profession are considered self-employed professionals (SEP). SEPs (Self-Employed Non-Professionals): Retailers, proprietors, service providers, traders, and manufacturers are all included in this profile. A business loan can be applied for by any private limited company, limited liability partnership, partnership, or closely held limited company.
Required Documents for a Business Loan To get your business loan approved, you'll need to submit the following documents: Identity Verification - A valid identity proof and PAN card are required for a company, firm, or individual. Proof of Address - Ration card, passport, or driver's licence is all examples of voter identification cards. Statements of Accounts - Bank Statements from the previous six months Documents of Earnings It should include the most recent ITR and income, balance sheet, and profit and loss account computations for the previous two years. It must be submitted after the required CA certification has been obtained. Continuation Proof ITR/Trade License/Establishment/Sales Tax Certificate ITR/Trade License/Establishment/Sales Tax Certificate. The preceding is simply a start. The exact list of business loan documents you'll need depends on your profile, needs, and Easy Home Loan policies at the time of application.
For a business loan, what is the minimum credit score?
In determining the eligibility criteria, a credit score is extremely important. To be considered for a business loan, you must have a CIBIL score of at least 700.
A CIBIL score of fewer than 700 points may affect your business loan eligibility, and the lender may require a personal guarantee to process the loan.
Why can you use an easy home loan for a business loan?
Here are some of the reasons why our Business Loan is a good fit for you:
You have the option of choosing from a variety of business loan repayment options.
We regularly provide exclusive pre-approved business loan offers to our existing customers.
Access to all details about your business loan from the comfort of your own home.
We are looking for the bare minimum of documentation.
Once you've shared the bare minimum of documents we require, we'll give you quick approval.
Who is eligible for a business loan?
We provide business loans to self-employed professionals and non-professionals alike. We have special loans for doctors among self-employed professionals. These loans are easy to get approved for and come with low-interest rates. Business Loans cover the following customer segments:
A sole proprietorship,
Firm of Partnership,
Limited Liability Corporations (LLCs),
Public Limited Companies with a Small Number of Shareholders,
Societies,
Trusts,
Hospitals, nursing homes, diagnostic centres, and pathological laboratories are all examples of healthcare facilities.
How long does it take to disburse the business loan from Easy Home Loan finance?
Easy Home Loan will work to get you a loan within 5-7 working days of receiving all of your documents.
