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We understand that expanding and growing your business is the dream of every entrepreneur. At times, you may require an urgent flow of finance to fuel the growth of your enterprise. At Creative Finserve we believe that you need appropriate finance based on the nature and goals of your business. Whether you are looking to expand your business or want to meet your working capital and trade finance needs, business loan is the best option. Choose from a range of options which are flexible to match most of your business needs, get the Business Loan availed for your business growth.

The general factors taken into account while determining the eligibility of Unsecured Business Loan are listed below:

1. Age (Min. 21 Year)

2. Maximum 58 age at time of closure of the loan for the salaried.

3. Maximum 65 age at time of closure of the loan for the self employed.

4. Total work / business Experience 3 yrs

5. Indian resident

Following are the list who can avail for Unsecured Business Loan which is as follows:

• Self Employed Individuals/Professionals

• Proprietorship Firms

• Partnership Firms

• Private Limited Companies

Following are the list of the documents required for Unsecured Business Loan:

• Identity Proof

• Address Proof

• Bank Statement (Latest 12 months)

• Last 3 yrs ITR along with other relevant docs like Balance Sheet, P&L, Audit Report (Certified by a CA)

• Business proof

Following are the list of the documents required for Unsecured Business Loan:

• Identity Proof

• Address Proof

• Bank Statement (Latest 12 months)

• Last 3 yrs ITR along with other relevant docs like Balance Sheet, P&L, Audit Report (Certified by a CA)

• Business proof

TBusiness Loan generally is available for 1year to 3 Years. But some Banks and NBFC’s give it for 5 years.

It mainly depends on your financial profile, credit reputation, the purpose of borrowing the loan and your loan repayment ability. Lenders evaluate these factors to consider what the amount of a Unsecured Business Loan should be.

In Business Loan interest is calculated on a monthly reducing basis which means interest is calculated on outstanding principal amount after payment of each installment.

In Unsecured Business Loan no security/collateral is required. This is totally unsecured form of lending where your eligibility is calculated on basis of your income.

For any loan your eligibility and credit history is taken in to consideration. So in Unsecured Business Loan Your eligibility is calculated as per your income and the existing loan (obligation).

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