Business loan

Why choose  Richi Loans and Financial Services for a Business Loan?

We at Richi Loans and Financial Services simplify funding with expert financial and investment services tailored to your needs. Our goal is to provide you access to multiple lenders, best loan terms, expert financial guidance, fast approvals & quick disbursement and less paperwork, more Growth. So, come visit Richi Loans and Financial Services, to get Fast, Flexible, and Smart Funding for Your Business Growth today.

Eligibility:

• Most banks and financial institutions in India require the applicant to be between 21 and 65 years old
• Typically, a business seeking a loan should have been operational for at least 1-3 years
• Annual Turnover and Financial Stability of business looked by lender before granting a business loan
• Usually, a business owner applying for a loan, needs to have a good credit score of 650 and above
• An applicant of a business loan needs to submit Income Tax Returns or ITR filings for the past 1-2 years as proof of financial stability and income consistency

Documents:

• Identity Proof (for Individuals and Business Owners): Aadhaar Card, PAN Card, Passport, Voter ID, Driving License
• Address Proof: Utility Bills (Electricity, Water, or Telephone), Rent Agreement, Passport, Property Ownership Documents
• Business Registration Documents: GST Registration Certificate, Business License or Trade License, Certificate of Incorporation (for companies), Partnership Deed (for partnership firms), Udyam Registration (for MSMEs)

· Financial Statements: Audited Profit and Loss Statements (for the last 2-3 years), Balance Sheets, Bank Account Statements (for the last 6-12 months), Income Tax Returns (ITRs) for the past 1-3 years