Business Loan in Bangalore

Bangalore is one metropolitan city which is bustling with opportunities in terms of business and employment. The city has been enlisted on ‘Next Decade’s Fastest-Growing cities’ by Forbes. One is liable to get ample investment options, economic stability and business growth in the ‘Silicon Valley’ of India. The city is high on technology with many software, electronics, production and R&D firms making their base here. A valuable business idea can go a long way with the easy availability of low-interest business loan in Bangalore.

The city of Bangalore is an IT hub with many such industries located in areas of Whitefield, Electronic City, Marathahalli, Bellandur, Mahadevapura and CV Raman Nagar. Various manufacturing industries in the city are found in Peenya and Malleshwaram. Aerospace businesses are found in Krishnarajapuram, Ulsoor, Rajajinagar whereas retail businesses are clustered in Indiranagar, Koramangala, Jayanagar and Bannerghatta Road. Hoskote is where you will find automobile industries in the city. With the pockets of different industries clustered in different areas of the city, many new and upcoming businesses aim to find their spot among these biggies to grow and flourish.

Business Loans in Bangalore

With many businesses turning their base in the city, it is obvious that a considerable amount of capital will also be required. Though many banks and financial institutions are present in the city, still the chance of getting a loan approved are slim. With many business loan provider, Bangalore businesses still have to make hardcore efforts in terms of lengthy loan processing and documentation involved. The task of procuring a business loan may seem easy but it certainly isn’t.

LoansJagat provides an excellent platform wherein one can apply to different lenders by comparing the best possible rate of interest and terms and conditions of repayment. They understand your business needs thoroughly and help you in choosing the best credit product as per your requirements. Their representative guides you through the loan process and helps in customising loans on account of credit requirement and cash flow based upon your business.

With tie-up with different banks and NBFCs, LoansJagat helps you with different loan options available for you by taking details of KYC and financials of your company. Their system automatically filters different loan products which one can choose from. With the help of their dedicated relationship manager, one can zero in on the lender and proceed with the documentation process either online or offline. LoansJagat online tools help you to manage and track your loan application easily.

For online loans in Bangalore, LoansJagat is certainly your one-stop shop. Getting a loan from their platform will benefit you and your business with the ease and expertise in comparison to going for the traditional route of directly visiting banks and financial institutions. LoansJagat portal is transparent, convenient, quick, easy and personalised to avail business loan in Bangalore.

Documents required to be submitted for availing a business loan in Bangalore:

Personal Documents

• Application form with Passport Size Photographs of all applicants and co-applicants.
• PAN Card of applicant and co-applicant.
• Address Proof – Driving License / Passport / Aadhar Card.
• Ownership proof of both residence and office either in the name of the applicant or jointly with family members.
• Business Continuity Proof – Any one document dated 3-5 years old like a Bank Statement, Sales Tax Challans, IT Returns, Shops & Est. Certificate, Certificate of Incorporation or a Partnership Deed.

Financial Documents

Self-Employed Individuals / Sole Proprietorships

• Latest audited ITR and financials for the last 2 years including Balance Sheet, Profit & Loss A/c., Computation of Income along with all schedules.
• Past 12 months Bank statements from the borrower's main account/s and 3 months of all other bank accounts mentioned in the Balance Sheet.

Partnership Firms / Private Limited Companies

• Latest audited ITR and financials for the last 2 years including Balance Sheet, Profit & Loss A/c., Computation of Income along with all schedules.
• Past 12 months Bank statements from the borrower's main account/s and 3 months of all other bank accounts mentioned in the Balance Sheet.
• Partnership Deed and partnership authority letter for partnership firms.
• Memorandum and Articles of Association for private limited company.
• Certificate of Incorporation (COI) for the private limited company.
• Latest shareholding pattern.

Contact LoansJagat to avail an easy and quick business loan in Bangalore.