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Apply for Business LoanBusiness Loan in Hyderabad by Cashkumar is rated
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The city of pearls has been thriving and growing at a phenomenal rate over the past couple of decades with industries like IT, pharma, real estate and others driving this surge. The city while has been a traditional hub for sectors like pearl jewellery and other small scale manufacturing as well as trading businesses. With such growth, there commerce scene in the city is on an upswing with many individuals and enterprises looking to set up and expand their businesses. There is a special emphasis on software, bio-tech, food and other smaller enterprises as well as start-ups which call the city their home. With such a boom in the business, funds have become a necessity with a great demand for it either from traditional sources or from private lending channels.
All major banks and NBFCs are ready to extend business loans to eligible entrepreneurs and companies. They look at criteria like business vintage, revenues per year and income or profitability etc in deciding whether to extend business loans. While these criteria in most cases are quite strict, some of the NBFCs are lenient in the case of revenue and profitability. Basically these financial institutions are looking for stability and an ability to pay back the loan. As proof documents like ITR and balance sheet as well as registration papers are required which you must ensure you have before applying for a business loan in Hyderabad.
Some of the documents required are a business loan in Hyderabad are company ID proof, IT returns for 3 years, your bank statements, audited financials, address proof, Board resolution, etc.
As a different channel, there are also many private lenders or private financers who give out short-term business loans in Hyderabad. They might be lenient in their criteria as compared to banks or other financial institutions while considering your eligibility. The private sector banks/NBFCs which extend business loans include HDFC, ICICI, Axis, Kotak, Bajaj Finserv, Tata Capital and Fullerton. Contact us for more information on getting a business loan in Hyderabad.
ICICI Bank - is the second largest private sector bank in India which has approximately about 59 full and part service branches in the city of Hyderabad
HDFC Bank - is the largest private sector bank in the country and operates in Hyderabad from approximately about 75 branches
Axis Bank - is the third largest bank in the country in the private sector and operates about 44 branches in the city of Hyderabad
Kotak Bank - is a large bank in the private sector which works in about 21 branches in the city
Citibank - is operating out of about 1 branch in the city of Hyderabad
Bajaj Finserv - is one of the largest NBFCs in India with 1 branch in Hyderabad city
Tata Capital - is again a well-known NBFC with about 2 branches in Hyderabad
Fullerton - services the entire city of Hyderabad through their 3 branches
We have greatly simplified your Business Loan search in Hyderabad and help you get your Business Loan in Hyderabad in four simple steps,
Start your Business loan search by using our simple natural language form. Trust us, it takes only 26 seconds to complete!
Your information is then passed through our proprietary eligibility algorithm
to show you the different banks and NBFCs who can lend to you.After you choose a particular option that seems best to you, we call you and help you with the complete documentation.
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
Business Loan in Hyderabad by Cashkumar is rated
5.0 / 5.0
by 2 users
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