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Business Loan

For every business, finance is the lifeline. However, to set up a business, raising funds are hard to come by. Therefore, several schemes have come up to assist the user in getting assured finances more conveniently. We at Legal Suvidha can get you access to such finances with the added benefit of less paperwork, quick approval, and low-interest rates. We provide you the best business loans adhering to your standards.

The business loans that we provide are secure, approved, and legal.

Advantages of Business Loan

FLEXIBLE You will be able to start your business fast as the loans are flexible, so is the eligibility and EMI, with low rates.
NO COLLATERAL The loans do not require any sort of collateral. Without any security deposit, you don’t have to worry about bearing extra costs.
SPEEDY APPROVALS With the fast eligibility check of one minute time, you can furthermore get approvals for the loans are get access to finances faster.

Business Loan Process

Documents required

1. PAN Card of company, the firm or the individual.

2. ID proofs

3. Bank Statements of the last 6 months

4. Latest ITR consists of the computation of income, balance sheets, and P&L account of the last 2 years

5. Proof of Continuation that can either be ITR/Trade License/establishment/Sales Tax Certificate

6. Sole Proprietorship Declaration or a notarized copy of the partnership deed.

7. A true copy of MOA and AOA.

Eligibility Criteria for Business Loan

1. Minimum turnover of INR 40 lakhs

2. Minimum experience of 3 years

3. 5 years of business experience

4. Profit in business at least 2 previous years

5. Annual income around 1.5 lakhs per annum

6. Minimum age of 21 years not beyond 65 years of age

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