Enterprise Business Loan

Salaried (Professionals)

Eligibility Criteria

• Minimum age of applicant: 22 years.
• Maximum age of applicant at loan maturity: 58 Years at the time of maturity or retirement age which ever is higher.
  60 Years for Central govt employees.
• Years in business: Minimum 3 years.
• Minimum annual income - Rs. 20,000/- per month for Government employee and Rs. 25,000/- per month for Private Sector employee.

Self-employed (Professionals) include self - employed Doctors, Chartered Accountants, Architects, and Company Secretaries.

Eligibility Criteria

• Minimum age of applicant: 22 years.
• Maximum age of applicant at loan maturity: 65 years.
• Years in business: Minimum 3 years.
• Minimum annual income - Rs. 2,00,000/- for tier-1 locations and Rs. 1,50,000/- for other locations (As per ITR).

Self-employed (Individuals) include self-employed - Sole proprietors, Partners & Directors in the Business of Manufacturing, Trading or Services.

Eligibility Criteria

• Minimum age of Applicant: 22 years.
• Maximum age of Applicant at loan maturity: 65 years.
• Years in business: Rented/Owned Residence - Min 1 year at existing address and continuous 2 years in the same city.
  Rented Office - Min 2 year at existing address and with overall stability of 4 years in the same line of business in the same city.
  Owned Office - Minimum 6 months vintage at owned office and overall stability of 2 years in the same line of business in the city.
• Minimum Annual Income: Rs. 2,00,000/- for tier-1 locations and Rs. 1,50,000/- for other locations (As per ITR).

Self-employed (Pvt Cos and Partnership Firms) include Private Companies and Partnership firms in the Business of Manufacturing, Trading or Services.

Eligibility Criteria

• Minimum age of Applicant: Minimum age should be 22 years for the main applicant whose income is considered. For co-applicant its 21 years if income is considered.
• Maximum age of Applicant at loan maturity: 65 years if income is considered for individual main applicant in case of self employed.
• Years in business: Rented/Owned Residence - Min 1 year at existing address and continuous 2 years in the same city.
  Rented Office - Min 2 years at existing address and with overall stability of 4 years in the same line of business in the same city.
  Owned Office - Minimum 6 months vintage at owned office and overall stability of 2 years in the same line of business in the city.
• Minimum annual income - Rs. 2,00,000/- for tier-1 locations and Rs. 1,50,000/- for other locations (As per ITR).

Self-employed (Professionals) include self - employed Doctors, Chartered Accountants, Architects, and Company Secretaries.

Documents required:    

• Proof of Identity & Address Proof: Passport / Voters ID / Driving License/PAN Card*/Aadhaar Card or Proof of possession of Aadhaar number(on Voluntary basis) / Photo 
• Driving License/ Voter ID/ Utility Bill Utility Bill (not older than two months) from any service provider – electricity, telephone, post-paid mobile phone, piped gas, or water bill. Registered Rental Agreement /Letter of allotment of accommodation from employer/ leave and license agreements with employers allotting official accommodation
• Date of Birth Proof: Driving License / Pan Card / Passport Copy / Birth Certificate / 10th / 12th mark sheet bearing date of birth    
• Bank Statements: Latest statements / Bank passbook (updated within 90 days)
• Latest ITR along with computation of income, B/S & P&L a/c for the last 2 years certified by a CA

Self-employed (Individuals) include self-employed - Sole proprietors, Partners & Directors in the Business of Manufacturing, Trading or Services.

Documents required:

• Proof of Identity& Address Proof: Passport / Voters ID / Driving License/PAN Card*/Aadhaar Card or Proof of possession of Aadhaar number(on Voluntary basis)  /Photo  
• Driving License/ Voter ID/ Utility Bill (not older than two months) from any service provider – electricity, telephone, post-paid mobile phone, piped gas, or water bill. Registered Rental Agreement /Letter of allotment of accommodation from employer/ leave and license agreements with employers allotting official accommodation
• Date of Birth Proof: Driving License / Pan Card* / Passport Copy / Birth Certificate / 10th / 12th mark sheet bearing date of birth    
• Bank Statements: Latest statements / Bank passbook (updated within 90 days)
• Latest ITR along with computation of income, B/S & P&L a/c for the last 2 years certified by a CA   
• Proof of continuation:  Trade license /Establishment /Sales Tax certificate   
• Other Mandatory Documents (Sole Prop. Decl. Or Cert. Copy of Partnership Deed, Cert. Copy of MOA, AOA & Board resolution.)

Self-employed (Pvt Cos and Partnership Firms) include Private Companies and Partnership firms in the Business of Manufacturing, Trading or Services

Documents required:   

• Proof of Identity & Address Proof: Passport / Voters ID / Driving License/PAN Card*/Aadhaar Card or Proof of possession of Aadhaar number(on Voluntary basis)  / Photo 
• Driving License/ Voter ID/ Utility Bill Utility Bill (not older than two months) from any service provider – electricity, telephone, post-paid mobile phone, piped gas, or water bill. Registered Rental Agreement /Letter of allotment of accommodation from employer/ leave and license agreements with employers allotting official accommodation
• Date of Birth Proof:  Driving License / Pan Card / Passport Copy / Birth Certificate / 10th / 12th mark sheet bearing date of birth    
• Bank Statements: Latest statements / Bank passbook (updated within 90 days)  
• Latest ITR along with computation of income, B/S & P&L a/c for the last 2 years certified by a CA    
• Proof of continuation: Trade license /Establishment /Sales Tax certificate/ SSI Registration 
• Other Mandatory Documents (Sole Prop. Decl. Or Cert. Copy of Partnership Deed, Certified true copy of Memorandum & Articles of Association (Certified by Director) & Board resolution (Original)).