Business Loan Chennai

Business Loan Chennai
Get best and lowest interest rates on business loans with maximum loan amount & less documentation. Apply online for getting self employed, small business loans online in Chennai.

Eligibility for business loan in Chennai
Any person who is running a legal business with good earnings can go for business loan. Banks have norms for distribution of loans about how much & whom to give. Banks have their own criteria to validate the requirement for business loans. Mostly it is based on,
Type of the business : ie Proprietorship, Partnership, Pvt Ltd. or Public Ltd.
Turnover of the business.
Cash flow of business.
Profit of the business.
Track record & type of business.

How much Business loan you can get in Chennai?
Based on profit & years in business and cash flow; bank come out with an eligibility of the loan amount it can give to business. This loan amount based on how much profit he is making & how a business could manage to pay the EMI with a cash flow.
Banks which Provides Business loans in Chennai
There are various Banks that can give me loan. The lists are as follows:

1) HDFC LTD
2) ICICI Bank
3) Kotak Mahindra Bank
4) Deutsche Bank
5) Magma Housing
6) RBL Bank
7) Capital First
8) HDB Bank
9) Fulletron India
10) IndusInd Bank

Documents required :

  • ID Proof
  • Address Proof
  • 6 Months bank Statement
  • Proof of Continuity Of Business
  • Ownership Proof of Residence or Office
  • Latest ITR of Co-Applicants – For last 2 Years
  • CA Certified or Audited P/L Acc Statement & for >40 Lacs cases Audit report along with schedules of P&L & Balance Sheet for last two years
  • Board Resolution (If pvt ltd co. is co-borrower/Partnership Authorization Letter {if partnership firm is co-borrower}
  • ITR and Statement Of Computation of Income – for last 2 Years

Business Loan Provider Banks in Chennai :

Bank name Address
SBI Bank 84 Rajaji Salai, Chennai, Tamilnadu 600 001.
ICICI Bank New No. 280, Old No.377, First Floor, Mint Stree, Chennai 600079.
YES Bank Ground Floor And Part Ist Flrof Dass India Tower At Second Line Beach Chennai Tamilnadu 600001.
RBL Bank The RBL Bank Ltd Anand Business Centre, 105/56 G N Chetty Road T Nagar, Chennai, Tamilnadu, 600017.
Indusind Bank No.3 Village Road Nungambakkam, Chennai – 600 034.
HDFC Bank Door No.5, Sait Colony First Street, Egmore Chennai, Chennai-600008, Tamil Nadu, India.
Axis Bank 192,Ground Floor,, Karumuthu Nilyam, Anna Salai, Chennai.
Standard Chartered Bank 19, Rajaji Salai, Chennai 600001.
Bank Of Maharashtra Zonal Office, 4, Shivagnanam Road, T.Nagar, Chennai 600017.

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