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Business Loan in Bawana

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WHY BUSINESS LOAN IN BAWANA?

Located in North West district of Delhi, Bawana is one of the popular census towns founded long back ago in 1168 CE. The name of town being so distinguished has been derived from the Hindi word “Bawana” due to it comprising of 52 different villages under its hood. The town falls in the list of twenty renowned historical sites revamped for the purpose of showcasing during the commonwealth games held in the year 2010 in Delhi. The town is also renowned for housing one of the best planned industrial areas called Dr. Shyama Prasad Mukherjee Industrial Park in India. The district of Bawana is further enclosed by following villages lying in its neighborhood. The surrounding villages include Bajitpur, Ghogha, Majra Dabas, Pooth Khurd, Holabmi Khurd, Kheda Khurd, Bajitpur, Daryapur, Sultanpur Dabas, and Nangal Thakran.

Thus, the district has a lot of favorable conditions to kick start the business.  Moreover, to help meet the financial needs of budding entrepreneurs of town FlexiLoans offers the hassle-free business loans in Bawana.

BENEFITS ASSOCIATED WITH TAKING UP BUSINESS LOAN IN BAWANA

  • Growth Opportunities

Being part of the renowned metropolitan area, Delhi, Bawana encapsulates a lot of opportunities for future business growth. Moreover, underpinning the hidden potentials associated with the strategic location of the area offers a lot of favorable opportunities to kick-start the business.

  • Easy Availability

With expansion and establishment of various industries in the area are persuading the financiers to disburse loans easily. Moreover, an increase in the number of financial service providers in the area is easing up the process of loan borrowing.

  • Flexibility

With an increase in the number of SME startups in and near the area is leading to the emergence of lenders as well as borrowers. This is further leading to an increase in the effectiveness of procedures of availing business loans. Now, in Bawana business loans can be availed swiftly without any hassle.

WHAT FACTORS MAKE YOU ELIGIBLE FOR A BUSINESS LOAN?

All of the financial institutions ascertain your eligibility for the business loan based on the following criteria:

  • The age of an applicant should be a minimum of 25 years and a maximum of 65 years.
  • The business must have achieved a profit for the last two years.
  • The applicant must have paid the last two years IT returns of the business.
  • The borrower must hold a strong credit history.  
  • The applicant must hold a minimum of 3 years of experience in the existing business and overall 5 years of experience in the business sector.

DOCUMENTS REQUIRED TO GET THE BUSINESS LOAN SANCTIONED

The finances can be disbursed to any individual or company that seeks to expand or initiate the business.  However, the loan amount is sanctioned on producing certain obligatory documents. Therefore, the list of documents that are required for availing the business loan includes:

  • Recent passport size photographs.
  • Valid proof of address issued by the government which may include any of the following;  Aadhar Card, Passport copy, Voter’s ID or driving license.
  • For identification purpose, the applicant must present any of the photo ID proofs, namely, Aadhar Card, Passport copy, Voter’s ID or driving license.
  • A  Permanent Account Number (PAN) card is a must for verifying the financial transactions. The PAN card may either be of an individual or company.
  • Legitimate proof showing bank statement of last 6 months to validate the financial records.  
  • Latest ITR records along with Profit and loss statements and balance sheet for the last 2 years. All of the financial records furnished should be either certified or audited by CA.

FACTORS AFFECTING INTEREST RATES AND COMMERCIAL LOAN FEES FOR A BUSINESS LOAN IN BAWANA

The interest rates and commercial fees for a business loan can be affected by the following factors:

  • Nature and structure of the business: Partnership, Proprietorship, Private or Public Limited.
  • Experience in the business.
  • Credit history of the business.
  • Monthly turnover of the business.
  • The cash flow of business.

WHAT MAKES THE FLEXILOANS THE BEST OPTION TO AVAIL THE BUSINESS LOAN?

FlexiLoans is one of the fastest growing financing platforms of India. It makes endeavors to empower the dreams of millions of entrepreneurs longing to start or expand the business.  However, with huge penetration of financial lenders in the market what makes the FlexiLoans a stand apart and the sole choice of borrowers. To explore it more here are our benefits:

  • We serve customers across all major cities of India. Till date, we have extended our services to 100 prominent cities.
  • Our procedure for loan disbursement is extremely efficient and easy. No paperwork is required. Submit documents online and get the loan approved within 48 hours.
  • Our procedures are genuinely hassle-free. We offer collateral-free loans with 100 percent loan amount.  
  • We believe in the core value of transparency. Our tech-enabled procedures are extremely safe and secure. Moreover, no hidden charges are applicable.
  • To meet you all business demands we have a lending capacity up to Rs.1 crore.

HOW TO APPLY FOR A BUSINESS LOAN IN BAWANA

If you are one of the enthusiastic entrepreneur or company then log onto FlexiLoans, apply by furnishing all your details and get the status updated within a matter of hours.  


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