BUSINESS LOAN FEATURES & BENEFITS
A Business Loan or Commercial Loan from Allfin Solutions can support you establish or expand your business. We understand that business finance is essential for existing firms in different phases of expansion, and thus we make procuring a business loan in India easy and simple. Our flexible business finance offerings come with terms that scale up to your needs. Hither are some key features
Loans for all types of businesses
Our business and commercial loans support businesses with big and small requirements. Borrow from Rs 3 Lakh to Rs 75 Lakhs. No security or collateral is required for obtaining a business loan.
Our flexible tenures on loans make repayment easy; you can choose your loan tenure for any period between 1 and 5 years*.
*Subject to conditions
We provide door-to-door service so that you can submit your application from the comfort of your office or home. Allfin Solutions support business loans are available across 50 cities in India.
Borrow more if you need
You can borrow more money by using the top-up facility available for existing borrowers.
Types of Business Loan
UNSECURED BUSINESS LOAN
WORKING CAPITAL LOAN
BALANCE TRANSFER LOAN
LOAN AGAINST MACHINERY
LOAN AGAINST BUSINESS PROPERTY
BUSINESS LOAN ELIGIBILITY
Allfin Solutions provides unsecured business loans to a wide variety of small, medium and large enterprises, and professionals. We also provide top-up facilities for existing business loan customers who may require more credit at a later date.
Allfin Solutions provides business loans to
a. Sole proprietorship firms
b. Private limited companies and closely held limited companies
c. Partnership firms
d. Self-employed individuals / professionals - CA's, Doctor's, etc.
The business must have been in existence for a minimum period of 3 years
The company’s turnover should be more than Rs 1 Crore
The company’s profit after tax (PAT) for the last two years should be positive
Minimum Age: 28 years; Maximum Age: 68 years, at loan maturity
6. Good credit rating score in credit bureau
You would need to submit the following documents along with the completed application form:
Photo Identity Proof ( Self-attested copy of any one document)
UID Certificate (Aadhaar Card )
Address Proof ( Self-attested copy of any one document)
Bank account statement
Sale deed/ Property purchase agreement (For owned properties)
Income Proof ( Self-attested copy of any one document)
Latest Audited Financials
Last 6 Months’ Bank Statement
Business Proof ( Self-attested copy of any one document )
Qualification Certificate/Certificate of Practice (COP)
Shop Act License/ MOA & AOA/ Sales Tax/ Vat registration/ Partnership Deed
*Requirement of business loan documents might vary according to the scheme chosen.
APPLY FOR BUSINESS LOAN
Application for fast
Are you wondering how to get a business loan? Our business loans are easy to secure. Just fill in our online application form, and you are done in a few minutes!
Our relationship manager will come to your premises to collect the documents for quick business loans.
After the collection of documents, we verify your business loan application; this may involve a personal discussion with you.
Get funds for your business
We provide quick business loans after we have completed the verification. The business loan application process finishes with disbursal, made directly to your bank account.