Business Loans in Pune

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

Pune, the cosmopolitan city is a melting pot for people from across India especially students who flock to its various colleges of high repute. Although an industrial hub, business was traditionally not a popular recourse in the city till the turn of the century when the city started growing at a rapid pace. The IT sector has taken off in a big way and people are also realizing the potential of entrepreneurship with the success of many businesses. The growth of the businesses is dependent on the availability of adequate finance to fund their commercial pursuits. Sources of funds have become important and not just as base capital but also to kickstart expansion. Many private financial institutions in the city are keen to provide this finance to establishments in the form of business loans.

There are many banks, NBFCs and a private financial source which can fund your requirements if you are an existing or new business owner. The loans are given at varied interest rates according to your eligibility. In general the required criteria include that you must be pursuing the business with a vintage of at least 3 years with requisite revenues and income. For your business loan application to be successful, you need to prove your ability to pay back the loan amount through profits generated from business. However some private lenders might be willing to be a bit lenient on the criteria of business vintage and some other factors.

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

All major banks and NBFCs provide business loan in Pune including HDFC, ICICI, Axis, Kotak, Bajaj Finserv, Tata Capital and Fullerton. Apart from this you can also access private lenders and private financiers for a business loan. For more details on getting a business loan, fill your details and contact us.

Banks and NBFCs offering business loans in Pune

ICICI Bank - is the second largest private sector bank in India which has approximately about 67 full and part service branches in the city of Pune

HDFC Bank - is the largest private sector bank in the country and operates in Pune from approximately about 104 branches

Axis Bank - is the third largest bank in the country in the private sector and operates about 47 branches in the city of Pune

Kotak Bank - is a large bank in the private sector which works in about 30 branches in the city

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

Bajaj Finserv - is one of the largest NBFCs in India with 3 branches in Pune city

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

Fullerton - services the entire city of Pune through their 2 branches

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 Pune and help you get your Business Loan in Pune 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

Pune Business Loan Reviews

Business Loan in Pune by Cashkumar is rated
   4.8 / 5.0  by 2 users

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

Vijay 4.5/5
Nice business loan offer in Pune via Cashkumar. Thank you for the very quick disbursal.

Pradeep 5/5
Got a business loan for interiors of my office. I also took a little more for expansion purpose. Got the business loan in Pune at 19%

Pune Business Loan has been rated an average 
   4.8/5.0  by 2 users

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