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Cholamandalam Business Loan
Chola SME Loans are business loans created exclusively for Small and Medium Enterprises to grow and diversify their business. Chola offers a range of financial solutions to meet your specific short-term or long-term funding and business expansion requirements.Powered By
Cholamandalam Business Loan
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Here are a few factors
| Location | Delhi-NCR |
| CIBIL Score | 700+ |
| Processing | Online |
| Business Vintage | 2.5 Year |
| Minimum Turnover | 1 Cr-Maximum No Limit |
| Loan Amount & Tenure | 3
Lac-35 Lac (12 month to 60 month) |
| Loan Product | 1. Term Loan 2. OD Product |
| Rate of Interest & Type | 18.50% to 22% (Reducing) |
| TAT | Sanction-1
Days Disbursement-7 Days |
| Processing Fees | 2% |
| Foreclosure Charges | 4% |
| Applicant Type | Any Self Employed Person |
| Whether Co-Applicant Mandatory | Mandatory |
| Proprietor Age/Co-Applicant Age | 25 Year-65 Year |
| Part Payment Allowed | Yes, after 12 month |
| Whether Ownership Proof Required | Yes, either office or residence one should be owned at business place |
| Business Registration Proof Mandatory | Yes |
| Program | GST Program-20 Lac, Banking Program-20 Lac, Income Program-35 Lac |
| Product for Professionals | No |
| Negative Profile | Both
Side Rented Applicant, School, Grain Traders, Advocate, Jewelers, Share
Traders, Gym, Liquor Business, Civil Contractor, Hotel & Restaurant, Tour & Travel, Real Estate |
| USP | Sanction TAT 1 Day |
| Additional | 1.
Minimum 51% Shareholding required on Loan if applicant is LLP/Partnership
firm/Company 2. Civil Contractors is catious profile |
Required Documents to Apply for Cholamandalam Business Loan
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KYC of applicant & Co-Applicant
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Last 3 year ITR with computation of income of applicant & co-applicant
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Last 3 year audited balance sheet of applicant
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Last 3 year Tax audit report of applicant
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Last 12 month Bank Statement of applicant & co-applicant
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26AS of last 2 year of applicant & co-applicant
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Copy of GST registration
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Copy of MSME registration
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Copy of Last 12 month GST return
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Sanction letter of all running loan
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Debt Sheet
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Latest utility Bill of residence if owned or rent agreement if rented
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Latest utility Bill of Office if owned or rent agreement if rented
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2 Reference with contact details
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Last 3 year Debtors & Creditors on letter head
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List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership firm/LLP
Some Important Points
If Applicant is
- Company-MOA, AOA, COI , PAN Card
- Partnership Firm/LLP- Partnership Deed & PAN Card
- Proprietorship Firm- PAN Card, Adhaar Card, Passport size photo
- KYC means Adhaar Card, PAN Card, Passport Size Photo
- Company : Directors
- Partnership firm/LLP : Partners
- Proprietorship Firm : Spouse of Proprietor
About Cholamandalam Business Loan
Are you ready to take the business you run to the next level? Cholamandalam Business Loans is here to help you reach your goals, whether you're a startup trying to develop or a mature company looking to grow. Cholamandalam offers customized finance solutions to drive the development of your business, backed by a legacy of trust and a dedication to supporting entrepreneurship.
Cholamandalam Business loans are intended to be a catalyst for your growth, providing you with the financial assistance you require to realize your goals. Let's go on this adventure together and create a prosperous future for your company.
Save Your Time with a Simple Loan Process
Visit Our Website
For the first step, you will have to visit our website to explore the loan options that fit your needs.
Select and Apply
Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.
Submit Your Document
One of the most important steps. Now you will have to submit all the required documents digitally.
Enjoy Your Financial Freedom!
Once your application is approved based on your eligibility, you will receive your loan amount shortly.
FREQUENTLY ASKED QUESTIONS
A business loan is a certain amount borrowed from any lender for the purpose of starting or expanding a business.
The minimum ROI of a Cholamandalam Business Loan is 18.50% per annum
The maximum ROI of a Cholamandalam Business Loan is 22% per annum
The highest loan amount you can avail with a Cholamandalam Business Loan is Rs. 35 Lacs
The minimum loan amount you can avail of with a Cholamandalam Business Loan is Rs. 3 Lacs.
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