Best Business Loans in Delhi-NCR
Delhi is the capital of India and also a state in itself. For years Delhi has been known for its culture of entrepreneurship and business. Over the years, many small businesses have been started in and around the city with a presence in manufacturing. There is also a flourishing trading culture in the city which caters to almost all regions in the north of India. With the expansion of the city and the rise of new commercial hubs in the NCR region like Gurgaon and Noida, the appetite for business has expanded manifold. This expansion has meant a growing requirement for commercial finance like business loans. The need to fund business operations and expand leads to a lot of need for business loans which is catered to by the financial institutions and private lending.
So if you are I need of a business loan in Delhi 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 Delhi 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 Delhi, Noida or Gurgaon 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 Delhi NCR
ICICI Bank- is the second largest private sector bank in India which has approximately about 150 full and part service branches in the state of Delhi
HDFC Bank- is the largest private sector bank in the country and operates in Delhi from approximately about 222 branches
Axis Bank- is the third largest bank in the country in the private sector and operates about 127 branches in the state of Delhi
Kotak Bank- is a large bank in the private sector which works in about 67 branches in the city
Citibank- is operating out of about 5 branches in the state of Delhi
Bajaj Finserv- is one of the largest NBFCs in India with 3 branches in Delhi
Tata Capital- is again a well-known NBFC with about 7 branches in Delhi
Fullerton- services Delhi through their 3 branches in the city