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

As a historical commercial town and a port city, Kochi has a strong business ethic and a background of commerce and trade. Along with traditional heavy industries like shipping, oil refining and chemicals, modern times have seen the rise of the software sector, electronics, retail and seafood sectors. These form the basis of the new business ventures in the city undertaken by ambitious individuals and enterprises. Given this, finance is most required to fuel the business plans of these undertakings. Banks and NBFCs are the source of such funds especially with respect to business loans. There is also another source of credit available through private financers which the commercial sector can depend on to fructify their plans.

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 Kochi.

Some of the documents required are a business loan in Kochi 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 Kochi. 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 Kochi.

Banks and NBFCs offering business loans in Kochi

ICICI Bank - is the second largest private sector bank in India which has approximately about 32 full and part service branches in the district of Ernakulam

HDFC Bank - is the largest private sector bank in the country and operates in Ernakulam from approximately about 40 branches

Axis Bank - is the third largest bank in the country in the private sector and operates about 16 branches in the district of Ernakulam

Kotak Bank - is a large bank in the private sector which works in about 10 branches in the district

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

Bajaj Finserv - is one of the largest NBFCs in India with 1 branch in Kochi city

Tata Capital - is again a well-known NBFC with about 1 branch in Kochi

Fullerton - services the entire city of Kochi through their 1 branch

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 Kochi and help you get your Business Loan in Kochi 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

Kochi Business Loan Reviews

Business Loan in Kochi by Cashkumar is rated
   4.5 / 5.0  by 2 users

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

Shabrish 4/5
My business loan in Kochi was wsa very fastly done. Thank you for helping me.

Vijay 5/5
Great offer fro my business loan. In Kochi I needed a loan for buying a new machine. Thank you sir.

Kochi Business Loan has been rated an average 
   4.5/5.0  by 2 users

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