Bullet Business Loan
Short term business loan solutions for micro and small businesses!
The repayment schedule entails settling the principal amount at the conclusion of the entire term, requiring a lump sum payment that encompasses the total outstanding sum. Meanwhile, interest accrues and is paid on a monthly basis throughout the entire loan duration.
Tenure
Upto 18 Months
Interest Rate
14 - 25%
Processing Fee
Upto 3.5%
Features and Benefits
Our business loan ranges Upto ₹30,00,000 covering the requirements of small business needs.
Flexible Tenure
You can choose your loan tenure for any period between 6 months to 18 months
Credit Enhancement
Customer is eligible for top-up of loan amount after 12 months EMI are repaid.
Eligibility
Nationality: Indian
Credit Score: 685 or higher
Age: 21 years to 75 years
Work status: Self-employed
Business owners and entrepreneurs
Business vintage: Eligibility will be reviewed on a case to case basis
Sole proprietorship firms
Private limited companies and closely held limited companies
Partnership firms & limited liability partnership firm
Required Documents
Photo Identity Proof
- Aadhar Card
- PAN Card
- Voter Id
- Valid Passport
- ID Proof issued by Panchayat
- Updated Bank passbook with Photo attestation by Nationalized Bank/Pvt Bank
Address Proof
- Aadhar Card
- Ration Card
- Voter Id
- Electricity Bill
- Valid Passport
- Updated Bank Passbook of Nationalized Bank/Pvt Bank with same address
*Please choose any 2 documents from each photo identity proof and address proof list.
Income Proof and other Documents
- ITR
- Copy of GST Registration
- Copy of monthly and quarterly GST Returns
- Shop Act Licence (for urban/semi-urban)
- Certificate of Incorporation of Borrower Company and Memorandum of Association (MOA) and Articles of Association (AOA)
- Copy of Registered Partnership Deed
- Copy of Registered Deed for LLP
- Bank statements
- Copies of all existing facility/sanction letters/Track records
- Financial statements
- Udyam Registration
- MSME Certificate
Collateral Documents
- Title Document
- Pledge agreement
- Tax Certificate
- Non - encumbrance letter
- No objection Letter and other documents as per sanction