Our services
Business Loan
For any business, timely access to capital is the key to unlocking growth, managing operations, and seizing new opportunities. At Ganga Finance, we understand the challenges entrepreneurs face. That’s why we provide expert guidance to help you secure the right business loan, tailored to your unique needs.
Whether you’re looking to expand your operations, purchase new equipment, or manage your working capital, our comprehensive solutions are designed to support your journey to success.
Loan Facilitate
- Working Capital Loans: Manage your day-to-day operational expenses, pay staff, and handle inventory with ease.
- Term Loans: Finance long-term investments like business expansion, purchasing new machinery, or acquiring property.
- Secured & Unsecured Loans: Choose between loans that require collateral (like property) or unsecured loans that are collateral-free, depending on your eligibility.
Cost
of Work
A Business Loan provides the necessary capital to fuel growth, manage operational expenses, purchase new equipment, expand to new markets, or address any short-term financial shortfalls, giving your business a competitive edge.
Loan amounts typically start from ₹1 lakh. The maximum amount depends on your business’s eligibility, financial health, and specific needs.
No. The business loans we facilitate are typically unsecured, meaning you do not need to pledge any assets like property or inventory as collateral.
Business Loan Eligibility and Documents
Business Type: Most lenders provide loans to various types of businesses, including sole proprietorships, partnerships, limited liability companies (LLCs), corporations, and more.
Credit Score: A good credit score is often required to qualify for a business loan. Lenders use your credit history to assess your ability to repay the loan.
Business Age: Some lenders require a minimum operational history for your business, usually ranging from a few months to a year or more.
Annual Revenue: Lenders may have a minimum annual revenue requirement to ensure your business has a stable income.
Collateral: Secured loans might require assets as collateral to secure the loan. Collateral can be real estate, equipment, inventory, or other valuable assets.
Cash Flow: Lenders often evaluate your business’s cash flow to determine your ability to repay the loan.
Age Criteria: Min. 21 years at the time of loan application & Max. 65 years at the time of loan maturity.
Eligible Entities: Individuals, MSMEs, Sole Proprietorships, Partnership Firms, Public and Private Limited Companies, Limited Liability Partnerships, retailers, traders, manufacturers, and other non-farm income-generating business entities engaged only in the services, trading, and manufacturing sectors
Business Vintage : Min. 1 year or above
Business experience: Min. 1 year, business location to remain same
Annual Turnover: Shall be defined by the Bank/NBFC
Credit Score: 700 or above (Preferred by most private and public sector banks)
Nationality: Indian citizens
Additional Criteria: Applicants must own either a residence, office, shop, or Godown.
Documentation for Business Loans
The list of documents required for a business loan to be submitted varies based on type of business entity. Submit the following documents to begin with the loan process:
- ITR for the past 2-3 years
- Current Bank Account Statement for the last 12 months
- Photocopy of PAN Card
- Address Proof for Residence such as Voter Card, Passport, Aadhaar Card, Telephone Bill, Electricity Bill
- Address proof for Business such as the Telephone Bill or Electricity Bill
- Last Financial Year’s provisional Financials and future year’s projections.
- Company’s business profile on the letterhead
- 2 photographs of promoters and property owners.
- Sanction letter and Repayment schedule of existing loan
- GST registration certificate and GST returns of latest 2 years.
- D-Vat/Sale tax registration copy
- Udhayam Aadhaar registration certificate
- Rent agreement copy of factory and residence (if property is rented)
- Business Continuity proof of 3 years (3 years old ITR/Company registration etc)
- Company PAN Card, Certificate of Incorporation, MOA, AOA, List of Directors, and Shareholding pattern for Pvt Ltd companies
- Partnership Deed, Company pan Card for Partnership Companies
How to use Business Loan EMI Calculator
Using a business loan EMI (Equated Monthly Installment) calculator can help you estimate your monthly loan repayment amount.
Follow these steps to use a business loan EMI calculator effectively:
- Enter loan amount, interest rate, tenure.
- Click Calculate.
- View EMI, total interest, repayment.
- Adjust tenure if needed.
- Consider extra costs.
- Check budget compatibility.
- Confirm with the lender before finalizing.
Fees and Charges for Business Loan
The fees and charges of business loans usually vary from lender to lender and from case to case. The aforementioned table will give you a fair idea of the fees and charges related to business loans:
Particulars
Charges
Loan Processing Fees1.5% to 5% of Loan AmountLoan CancellationUsually 0 to 5% of Loan AmountStamp Duty Charges60/- to 600/-Legal FeesNilPenal ChargesNilEMI / Cheque Bounce ChargesApprox 499/- to 599/-
Other fees and charges that lenders may levy on your business loan include documentation charges, verification charges, duplicate statement charges, NOC certificate charges and swap.
Find Your Local Loan Advisor Today.
Call expert
+91-7496077883
Write email
gangafinanceservices@gmail.com
Visit office
Gali no.2 ,Budha Baba basti ,Bhiwani Road Jind 126102
