SME-Loan
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SME Loan

It is a loan for small medium enterprises for expanding their business and maintaining their factory infrastructure. The SME business loan is a financial aid for such business. Various Banks and NBFCs offers customized SME business loan plans as per the requirement of applicant.

Features and Benefits:

1. SME Business loan helps to tackle immediate capital needs.

2. SME Business loan also provide tax benefit for the company.

3. No Collateral required.

4. Low interest rate / Best offer.

5. Maximum funding.

Types of business loan:

1. Small business loan.

2. SME Business loan for buying machinery.

3. SME Business loan for working capital.

4. SME Business loan for self-employed professionals.

Eligibility Criteria:

1. The person must be a citizen of India.

2. Professional stability and saving history is also taken into consideration.

3. The applicant should be above the age of 21 years and the repayment has to be done by the age of 60 or maximum 65.

4. Nature and continuity of employment or business is also taken into consideration.

5. Any applicant can get the loan irrespective of his profession. Any salaried, or a business person can get a best loan.

6. The applicant should have all regular and steady source of income.

7. Financial history and track record including CIBIL scores are also taken into consideration.

8. Stability of business for a term not less than 1 year.

9. Annual business turnover should not be less than rupees 10 Lakhs.

Note: The criteria differ a bit from bank to bank. The above mentioned criteria are some basic important eligibility criteria.

To know your eligibility now or to apply please call us on 011-45507555 or Email us at info@viinomeadvisors.com

Documents Required:

1. Identity proof – Aadhar Card/ Driving License/ Ration Card / PAN Card / Voters ID Card / Employee ID

2. Age proof – PAN Card / Bank Passbook / Passport / Driving License

3. Address proof- bank passbook or Bank account statement / Voters ID / Aadhar Card / Passport flash utility bill (telephone, electricity, water) – latest month / registered rent agreement / property tax

4. Income proof- salary slip, bank statement, form 16 (for salaried individual) Last 3 years it return, last 2 years balance sheet and profit and loss account of the firm (for businessmen or self-employed)

5. Statutory documents: (for private / public limited / one person company:)  MOA & AOA, certificate of Incorporation certificate of commencement of business GST registration certificate. (for partnership  business):  registered partnership deed GST registration certificate

6. Passport size photograph

7. Application form with photograph properly filled and duly signed.

Note:  The documents required differed from lender to lender. The above mentioned documents are common and generic those are required mostly.

To know more or to apply please call us on 011-45507555 or Email us at info@viinomeadvisors.com

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