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Here are a few factors
Processing | Online |
Location | PAN India |
CIBIL Score | 700+ |
Applicant Type | Only Proprietorship Firm |
Applicant Age | 23 Year to 65 Year |
Minimum Turnover Required | No Minimum Turnover Criteria |
Minimum Business Vintage | 1 Year |
Loan Amount & Tenure | 50K to 10 Lac (12 Month to 36 Month) |
Rate of Interest & Type | 20% to 30% (Reducing) |
Processing Fees | 2% to 4% |
Foreclosure Charges | 4% to 5% |
TAT | Sanction 1 Hour to 2 Hour & Disbursement in 1 Day |
Negative Profile | (i) Both Side Rented Applicant (ii) School (iii) Advocate (iv) Share Traders (v) Gym (vi) Liquor Business (vii) Tour & Travel (viii) Real Estate (ix) SPA |
USP | No Minimum Turnover Required, Loan on the basis of Bank Statement |
Additional | (i) Ownership Proof Mandatory (either office or house should be owned) (ii) Co-Applicant is not mandatory |
Required Documents
KYC of applicant & Co-Applicant
Last 3 year ITR with computation of income of applicant & co-applicant
Last 3 year audited balance sheet of applicant
Last 3 year Tax audit report of applicant
Last 12 month Bank Statement of applicant & co-applicant
26AS of last 2 year of applicant & co-applicant
Copy of GST registration
Copy of MSME registration
Copy of Last 12 month GST return
Sanction letter of all running loan
Debt Sheet
Latest utility Bill of residence if owned or rent agreement if rented
Latest utility Bill of Office if owned or rent agreement if rented
2 Reference with contact details
Last 3 year Debtors & Creditors on letter head
Eligibility Required For Dhanvarsha Business Loan (Large)
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The minimum age of the applicant must be 23 years to 65 years.
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Minimum Turnover Not Required
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Applicant must have a minimum CIBIL of 700
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1 year Vintage Required