Business Loans in Chennai

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Business Loan in Chennai by Cashkumar is rated
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Best Business Loans in Chennai

Chennai is one of the biggest metropolitan cities in India with and a great commercial centre with its port and infrastructure. There are a lot of small, medium and big businesses which have been set up in the city in a variety of sectors. With the expansion and addition to the population of the city along with improving infrastructure, commerce has also taken off providing opportunity to a lot of individuals. Apart from the traditional sectors like jewellery, fabrics and manufacturing, a lot of new ventures have been established in sectors like retail, IT, food etc. The finance to fund and expand these businesses is availed in the form of business loans which are provided by all major banks, NBFCs as well as private finance.

So whether you are an established or new business in Anna nagar, Velachery, Mylapore or Nungambakkam etc access to finance is always possible through business loan in Chennai. All major banks and financial institutions will be willing to provide you with large and small business loans if you meet their eligibility criteria. In other cases, there is also access to a pool of private lenders who will be willing to advance business loans to appropriate entities if you meet their own factors. Access to private lending through private financiers might be possible even if you do not meet the cut on certain factors.

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

If you are looking for business finance in Chennai then you can approach banks and NBFCs like HDFC, ICICI, Axis, Kotak, Bajaj Finserv, Tata Capital and Fullerton through our website. You can also look at securing private finance to fund your entrepreneurial dreams through business loan in Chennai. For more information and details on the entire process contact us by filling in your details on our application form.

Banks and NBFCs offering business loans in Chennai

ICICI Bank - is the second largest private sector bank in India which has approximately about 84 full and part service branches in the city of Chennai

HDFC Bank - is the largest private sector bank in the country and operates in Chennai from approximately about 91 branches

Axis Bank - is the third largest bank in the country in the private sector and operates about 60 branches in the city of Chennai

Kotak Bank - is a large bank in the private sector which works in about 16 branches in the city

Citibank - is operating out of about 1 branch in the city of Chennai

Bajaj Finserv - is one of the largest NBFCs in India with 5 branches in Chennai city

Tata Capital - is again a well-known NBFC with about 2 branches in Chennai

Fullerton - services the entire city of Chennai through their 2 branches

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
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How we work?

We have greatly simplified your Business Loan search in Chennai and help you get your Business Loan in Chennai 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

Chennai Business Loan Reviews

Business Loan in Chennai by Cashkumar is rated
   4.8 / 5.0  by 2 users

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

Karthik 4.5/5
I got a great business loan offer in Chennai. Multiple banks shared what they could offer and I took it from HDFC bank as my Company account was with HDFC. Got a great deal with your help. Thanks.

Parvathi 5/5
My husband got a business loan which has helped us with some good working capital. We have been able to scale things quickly.

Chennai Business Loan has been rated an average 
   4.8/5.0  by 2 users

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