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Business Loan in Chandigarh

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The fascinating city of Chandigarh is one of the most interesting places of the nation. The city is a Union Territory that has a separate legislative body and serves as the capital to two different states, Punjab and Haryana. 

Taking a detour to the business end of the city, Chandigarh has one of the highest gross domestic products in the country. The GDP estimated to nearly $2.2 Billion USD in 2004 and the growth rate is 8.3%, making it the richest city of the Indian subcontinent. The per capita income of the city is an astounding 67,370. 

The high per capita income makes the city a luxurious option for a niche business. The people of Chandigarh cannot get over their love for cars and great food. Being the capital of both states, Chandigarh has the best of both worlds to offer. 

What is FlexiLoans.com?

We at FlexiLoans.com understand how much your business means to you. To empower your

business, we provide Instant Business Loan. If you don’t believe in Online Business Loan, we are here

to change it. Every business starts from scratch so we provide GST Business Loan, Unsecured

Business Loan and Small Business Loan.

So, if you are looking that one last push to kick off tour business, we are here to help you with our easy, lucrative and simple Business Loans. If you are looking for a business loan in Chandigarh, look no

further.

What are the requirements for a business loan in Chandigarh?

Now that you are all ready to venture into a new business, you might be wondering, how to get a business loan in Chandigarh? There aren’t many requirements for applying for a business advance. The requirements are:

  • You must be above 21 years when you apply for the credit.
  • You should have been in business for at least 12 months from the date of incorporation
  • The yearly returns of your planned business should be at least 2 lakhs.

By providing these details, you can apply for a loan for business in Chandigarh.

What are the documents required?

  1.     Documents Required · Personal KYC – PAN Card

 

  1.     Residential Address Proof (Any One)
  •         Rent Agreement
  •         Driving License
  •         Voter ID
  •         Ration Card
  •         Passport

 

  1.     Last 6 months Current Account Bank Statement in Net Banking PDF format

 

  1.     Business KYC (Any One)
  •         GST Registration Certificate
  •         Shops and Establishment Certificate

What are some lucrative businesses in Chandigarh? 

The city loves cars, so it is impeccable that any business in the automobile sector will bloom. You can start up your own dealership, or even auto repair or parts distribution. Machine tools, electrical appliances, and pharmaceuticals also have a stable market in Chandigarh. Chandigarh has over 2500 small anԁ medium scale units anԁ there are 15 medium units to large units, out of which 2 are in public sectors, so we can say that there are ample opportunities. Any business in IT has a possible future in Chandigarh as the IT sector of the city, Rajiv Gandhi Chandigarh Technology Park, is one of the emerging Silicon Valley of India, after Bangalore. 

People also go for seasonal businesses in the city, which has quite a great prospect. Season events include the Ram-Leela event which has been going on for more than 50 years, and also the Rose festival. The season events open spots for event organizing firms and many small businesses during the event. 

Why should you go with FlexiLoans.com?

FlexiLoans.com take care of all your credit needs an empowers your business by providing services

like GST business loan in Chandigarh, unsecured business loan in Chandigarh and small business loan in Chandigarh.

With FlexiLoans.com you never have to,

  • Stress over the receiving sum, as our maximum amount advanced in 1 crore. By presenting your business prospect, our team will guide you through the perfect sum to kick off your business.
  • The entire process is hassle-free as you do not need to submit any documentation offline. The entire exchange of documents will be made from your system to our cloud in minutes.
  • You will receive your business advance in no more than 2 business days.
  • There are no concealed charges that you need to worry about.

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