What is Unsecured Business Loan?

UNSECURED BUSINESS LOANS - Dream big, start a business, take a loan for that business.
  • A unsecured business loan is a loan which is used to start a business or refinance the older one.
  • It involves creation of debt, which is paid with added interest.

Property Criteria

  • Direct Allotment
  • Resale of Property

Income Criteria

  • Salaried :- Min Salary of Rs. 180000 p.a
  • Self-employed :- Min. ITR of Rs. 3 Lacs

Age Criteria

  • Min 18 Years
  • Age upto 65 Years / Retirement Age

Who All Can Avail?

  • Salaried
  • Self-employed Businessman
  • Self-employed Professionals

Income Tax Benefits

  • Interest paid on borrowed amount is deducted from gross profit.

Benefits Through MMM

  • Customization even if above criteria are not satisfactory
  • Save substantial interest by doing Balance Transfer at lower rates

Documents Required

  • Passport size photograph
  • Copy of PAN card, adhaar card
  • Latest utility bill for residence and office
  • Professional degree copy, if any.
  • VAT / Service Tax registration.
  • Last year VAT / Service Tax returns, as applicable.
  • Latest last 2 years Form 26AS
  • Latest last 3 years financials (ITR, Computation of income, the Audited balance sheet with all corresponding schedule, tax audit reports with all corresponding annexures)
  • Partnership deed / List of partners along with their profit ratio (on letterhead) / MOA & AOA / List of directors and shareholding pattern (on letterhead) / Form 32 [ as applicable]
  • Latest last 6-12 month’s bank a/c statement of all operative bank accounts.
  • Details of all existing loans / credit facilities
  • Passport size photograph
  • Copy of PAN card, adhaar card
  • Latest utility bill for residence and office
  • Professional degree copy, if any.
  • Latest last 2 years Form 26AS
  • Latest last 3 years financials (ITR, Computation of income,and Form 16)
  • Copy of Appointment letter of current employer and relieving letter of last employer (if work continuity in current organization is less than 2 years)
  • Details of all existing loans / credit facilities
  • Latest salary slip for last 6 months.

Get a Quote

Now apply for a Home Loan online, All you need to do is provide your details below application form.