A business loan is a loan specifically intended for business purposes.
Benefits:
1. Allow you to grow your business
2. You keep full control of your company
3. Adds plus in Reputation
4. No interference from the bank
5. Favourable interest rates
6. Banks may offer extra services
Documents:
• 2 Passport-sized photographs
• KYC Documents of the applicant, including PAN card, Passport, Aadhar Card, Driving License, Voter ID card, Utility Bills
• Last 1 years’ bank statement along with ITR
• Copy of Business Incorporation
• 3 years ITR return