Best Business Loans in Ahmedabad
Ahmedabad and the state of Gujarat has always been a hotbed for commerce, business and trade. The ethos of the people leads them to start new ventures on their own and expand them. Many successful businesses have been started in the city and expanding into some of the best companies in India. They city has also grown at a galloping rate and new industries like auto, pharma etc are fuelling it. This has led to a spurt in a lot of businesses like retail, hotels etc along with many smaller undertakings. The need for finance has always been high in a city like Ahmedabad and the upsurge in business has added to it. The need is being met by almost all the popular national and private sector banks in the city. But a more popular trend of late has been unsecured business loans which are provided by private banks, NBFCs and a number of private lenders and private financers.
So if you are I need of a business loan in Ahmedabad then you need to meet the criteria set by the financial institutions you approach including factors like years of operation, sustainable revenues and profit. The amount of loan that can be availed can range from some lakhs to crores depending on the nature of your business and financials. In case you do not meet the criteria then there are always options to get your requirement fulfilled through private lenders. These might have less stringent impositions while giving out a business loan.
Some of the documents required are a business loan in Ahmedabad are company ID proof, IT returns for 3 years, your bank statements, audited financials, address proof, Board resolution, etc.
If you need a business loan in Ahmedabad, then you can approach banks and NBFCs like HDFC, ICICI, Axis, Kotak, Bajaj Finserv, Tata Capital and Fullerton. You can also avail business loans from a variety of private lenders in the market who can dole out quick and instant loans to finance your immediate requirements. For more information and details, read our sections on interest rates and reach out to us with your requirement.
Banks and NBFCs offering business loans in Ahmedabad
ICICI Bank - is the second largest private sector bank in India which has approximately about 48 full and part service branches in the city of Ahmedabad
HDFC Bank - is the largest private sector bank in the country and operates in Ahmedabad from approximately about 87 branches
Axis Bank - is the third largest bank in the country in the private sector and operates about 39 branches in the city of Ahmedabad
Kotak Bank - is a large bank in the private sector which works in about 41 branches in the city
Citibank - is operating out of about 1 branch in the city of Ahmedabad
Bajaj Finserv - is one of the largest NBFCs in India with 1 branch in Ahmedabad city
Tata Capital - is again a well-known NBFC with about 2 branches in Ahmedabad
Fullerton - services the entire city of Ahmedabad through their 3 branches