Quick & Easy Business Loans in Bangalore - Lowest Interest Rates in Bangalore Apr 2021

Best Business Loans in Bangalore

Bangalore is a booming business town with a lot of commercial activity. It has come a long way from being a pensioner’s paradise to a city full of business activity. The transformation can be traced back to the establishment of the software sector which gave impetus to many sectors including real estate, food and restaurants, malls, retail etc. This has seen the rise of many indigenous businesses started by individuals and groups in the city with many more trying to make a mark. As is the case, every business needs finance to fund operations which has meant a huge requirement for business loans and business finance in the city.

There are many banks, NBFCs and private financial sources which can fund a business loan in Bangalore for existing or new business owner. The loans are given at varied interest rates according to your eligibility. In general the required criteria include that you must be pursuing the business with a vintage of at least 3 years with requisite revenues and income. For your business loan application to be successful, you need to prove your ability to pay back the loan amount through profits generated from business. However some private lenders might be willing to be a bit lenient on the criteria of business vintage and some other factors.

Some of the documents required are a business loan in Bangalore are company ID proof, IT returns for 3 years, your bank statements, audited financials, address proof, Board resolution, etc.

All major banks and NBFCs provide business loan in Bangalore including HDFC, ICICI, Axis, Kotak, Bajaj Finserv, Tata Capital and Fullerton. Apart from this you can also access private lenders and private financiers for a business loan.

Banks and NBFCs offering business loans in Bangalore

ICICI Bank- is the second largest private sector bank in India which has approximately about 89 full and part service branches in the district of urban Bangalore

HDFC Bank- is the largest private sector bank in the country and operates in Bangalore district from approximately about 141 branches

Axis Bank- is the third largest bank in the country in the private sector and operates about 50 branches in the district of urban Bangalore

Kotak Bank- is a large bank in the private sector which works in about 22 branches in the city

Citibank- is operating out of about 2 branches in the city of Bangalore

Bajaj Finserv- is one of the largest NBFCs in India with 6 branches in Bangalore city

Tata Capital- is again a well-known NBFC with about 4 branches in Bangalore

Fullerton- services the entire city of Bangalore through their single branch

We understand the requirements of business owners and hence provide different alternatives if you are looking for small business loans in Bangalore. Through the medium of private as well as individual lenders, it is possible to get startup business loans in Bangalore through the P2P mechanism. This allows small businesses and startups to place requests online and get the requirement financed by individual lenders from across the country. The peer to peer lending route changes the entire scope of unsecured business loans in Bangalore by cresting a whole new channel to borrow and lend. So if you have or own one of these types of business then leave your requirement by filling our form online or call us on the numbers provided.

Basic Documents Required for Business Loan

Three passport size photographs
ID proof – Passport/voter ID/ Aadhar or drivers licence
Residence Proof – Passport/ Landline bill/ post paid mobile bill/ rental agreement or Bank Statement
Pan Card copy
Age Proof – Passport/ drivers licence/school certificate or Pan Card copy
IT Returns - Latest 3 years
Banking Statement - 6 months bank statements
Audited Financials & Board Resolution

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Basic Eligibility Criteria for Business Loans

Age of the applicant should be between 21 - 60 Years
Business should have a vintage of atleast 3 years
Business should have IT returns filed for the last 3 years
Business Individual should be staying in the city for at least 1 Year
Business should have all company documents adhering to the state laws
You would require basic documentation such as your address proof, identity proof, latest bank statements etc
Business Financials which include the overall turnover and profit after taxes should also be available

How we work?

We have greatly simplified your Business Loan search in Bangalore and help you get your Business Loan in Bangalore in four simple steps,

Step 1

Start your Business loan search by using our simple natural language form. Trust us, it takes only 26 seconds to complete!

Step 2

Your information is then passed through our proprietary eligibility algorithm
to show you the different banks and NBFCs who can lend to you.

Step 3

After you choose a particular option that seems best to you, we call you and help you with the complete documentation.

Step 4

The bank/partner will then collect all your documents and start processing your loan.We will notify you when your documents are approved and your loan is ready to be sanctioned

Bangalore Business Loan Reviews

Business Loan in Bangalore by Cashkumar is rated
4.6 / 5.0 by 7 users

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Your reviews motivate us and help us make our service even better

Raghu R 5/5
Simple process and quick response. Thanks for helping me with my business loan.

Sunil 4.5/5
I got a business loan in bangalore at a 18% ROI. The documentation required was well detailed and I got my loan in 10 days. Thanks.

Akhilesh 4/5
This is a great service to apply online for a business loan in Bangalore for every trader and self-employed professional. I sent my application and immediately got a call from cashkumar. Their staff gave me options and I got a business loan which I required urgently

Sohini 5/5
These guys provide a lot of options and tell you which bank will give you the best deal for business loan in Bangalore. Although I am unhappy I did not get my loan request their service was good

Laeeq 4/5
Their person said that I have eligibility for business loan in Bangalore but I did not get the loan. Why sir?

Reply:

Hi Laeeq, Unfortunately your documents did not match the requirements of the bank and that's why your loan was declined

Cashkumar Team

Sameer 4.5/5
I like the great urgency with which they call which other people don’t. The documents required for business loan in Bangalore is quite simple and they made it easy for me to submit.

Rakesh Mishra 5/5
I am a small business owner but banks are not taking my eligibility because my income is low. They have me another option of P2P

Bangalore Business Loan has been rated an average
4.6/5.0 by 7 users

Business Loans in Bangalore