TERM LOAN
Term Loan
A term loan is defined as a loan from a bank for a specific amount that has a specified repayment schedule and a fixed or floating interest rate.
Whether you’re a B2B service provider, manufacturer, trader, or distributor operating on a wide-reaching scale, you need a fast working capital that not only covers your operational needs but helps expand and diversify your business too. Avoid the unnecessary hassle with our Term loans that will cover up all your aspects carrying a fixed or flexible interest rate, with the monthly or quarterly schedule and selected maturity dates.
You can fast-track your business growth and boost your profit margins with minimal documentation and speedy access to finance.
Documents Required
| Firm Type | KYC | Financials | Banking |
|---|---|---|---|
| For Proprietorship Firm (For Applicant & Co-Applicant) | 1. Id proof & Residential proof
2. Gumasta & Address proof of firm 3. VAT/CST/ST/GST certificate |
3 years Complete financials (ITR & Balance sheet) | 1 year Bank Statements of all A/c (CC,CA,TL,Saving a/c ) |
| For Partnership Firm (For Applicant & Co-Applicant) | 1. Id proof & Residential proof of Individual 2. PAN card of Company 3. Regd Partnership Deed 4. Gumasta & Address proof of firm 5. VAT/CST/ST/GST certificate |
3 years Complete financials (ITR & Balance sheet) | 1 year Bank Statements of all A/c (CC,CA,TL) |
| For Private Limited Firm (For Applicant & Co-Applicant) | 1. Id proof & Residential proof of Individual 2. PAN card of Company 3. MOA,AOA, Certificate of Incorporation 4. Gumasta & Address proof of firm 5. VAT/CST/ST/GST certificate |
3 years Complete financials (ITR & Balance sheet | 1 year Bank Statements of all A/c (CC,CA,TL) |