Business Loan

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Our Professional Business Loan is specifically designed to support self-employed professionals such as doctors, chartered accountants, architects, and other qualified individuals. This loan offers financial assistance for the construction of new chambers, clinics, or premises, as well as for the purchase of equipment and machinery related to their profession.

Key Features:

  • Loan Amount: Flexible loan amounts tailored to your needs.
  • Interest Rates: Competitive interest rates to make repayments manageable.
  • Tenure: Flexible repayment tenure ranging from 12 to 84 months.
  • Collateral: Collateral-free loans up to a specified limit.
  • Quick Processing: Fast approval and disbursement process.
  • Customizable: Loan options tailored to meet specific professional requirements.

Eligibility Criteria:

  • Profession: Self-employed professionals such as doctors, chartered accountants, architects, etc.
  • Age: Applicants must be between 25 and 65 years old.
  • Experience: Minimum of 3 years of professional experience.
  • Income: Stable income with verifiable proof of earnings.
  • Credit Score: A good credit score for a smoother approval process.

Required Documents:

  • Proof of Identity: Passport, Aadhar card, PAN card, or any government-issued ID.
  • Proof of Address: Utility bills, rent agreement, or any valid address proof.
  • Professional Qualification: Degree certificates and licenses.
  • Income Proof: Recent ITR, bank statements, and financial statements.
  • Business Proof: Business registration certificate, practice license, or other relevant documents.

How to Apply:

  • Check Eligibility: Ensure you meet the eligibility criteria.
  • Gather Documents: Collect all the required documents.
  • Apply Online or Offline: Fill out the application form online or visit our branch.
  • Verification: Our team will verify your documents and application.
  • Approval and Disbursement: Upon approval, the loan amount will be disbursed to your account.

Benefits:

  • Enhance Your Practice: Use the funds to build or upgrade your professional premises.
  • Latest Equipment: Purchase state-of-the-art equipment and machinery to stay ahead in your profession.
  • Financial Flexibility: Manage your professional expenses without straining your cash flow.
  • Tax Benefits: Avail tax benefits as per prevailing laws on interest payments.

Conditions Apply:

  • Terms and conditions as per the bank’s policy.
  • Loan approval is subject to the bank’s discretion based on eligibility and document verification.

For more information or to apply for a Professional Business Loan, please visit our website or contact our customer service team.