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

Kolkata has a thriving business community trading and meeting the requirements not just in West Bengal but throughout East and North-East India. It is also a port and one of the major metropolitan cities in India assuming vast importance to other land-locked states in the east. Being the conduit point for the important mining and other industries in the east, Kolkata has become a melting point for people across the region. Its legacy as a heritage and cultural hub along with historical legacy make it an important city for business and commerce. A large section of such traditional and modern trades require funds for operations and expansion where business loans of long or short-term duration become a necessity. There is a great need for funds from businessmen and traders who look at various sources to secure this money.

Banks and NBFCs have been providing this facility to people and business houses in Kolkata for a long time. With the advent of private banks and NBFCs like HDFC, ICICI, Axis, Kotak, Bajaj Finserv, Tata Capital and Fullerton it has become easier than ever for small and medium establishments to get a business loan. These organized financial institutions prescribe eligibility factors like 3 years of establishment, over 50 lakh revenue and profitability before they lend so you have to be meet these before being considered for a loan. Statements like the ITR etc are required to back your eligibility. Some NBFCs might consider revenue as low as 10 lakh to 20 lakh for eligibility.

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

It is also possible to secure business loan in Kolkata from private financers and lenders in Kolkata. Usually these loans are short-term in nature and the eligibility is based on your ability. Reach out to us if you require a business loan in Kolkata and we will connect you to the best business loan providers in the city.

Banks and NBFCs offering business loans in Kolkata

ICICI Bank - is the second largest private sector bank in India which has approximately about 88 full and part service branches in the city of Kolkata

HDFC Bank - is the largest private sector bank in the country and operates in Kolkata from approximately about 87 branches

Axis Bank - is the third largest bank in the country in the private sector and operates about 62 branches in the city of Kolkata

Kotak Bank - is a large bank in the private sector which works in about 15 branches in the city

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

Bajaj Finserv - is one of the largest NBFCs in India with 2 branches in Kolkata city

Tata Capital - is again a well-known NBFC with about 3 branches in Kolkata

Fullerton - services the entire city of Kolkata 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 Kolkata and help you get your Business Loan in Kolkata 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

Kolkata Business Loan Reviews

Business Loan in Kolkata 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

Soumita 4.5/5
Easy process to apply for a business loan in Kolkata. The offer also was very good. This was at just 20% where other offers were at 24%. Thank you.

Sudeep C 4.5/5
Quick business loan disbursal and prompt service by ICICI. Thanks Cashkumar for the help.

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

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