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