As the name implies Sitamarhi in Bihar is the city famous for Janaki Mandir. Yes, this is the place where it is believed that Sita emerged in a tank to King Janak. In recent years, the city is gaining importance due to the growing population. It is becoming a densely populated city and has many upcoming industries. You can also count on this city in Bihar for making a profitable business.
Get Inspired from these ideas to apply for a business loan in Sitamarhi
- E-commerce – There is no reach for Amazon, eBay, or Flipkart in Sitamarhi and hence start selling daily needed things like clothes, etc. Create an online portal and sell consumer durable goods. You will get a good response to this business.
- Agro-processing units – Bihar has obtained sixth place in producing rice. Therefore you can start a rice processing unit to process the husk. This is one unique idea which can be capitalized. Not many industries are found in Bihar and that is your key step to set up one in Sitamarhi.
- Food Services – An ever-growing business is the food industry. You can start a bakery, mobile restaurant, and catering services. People look for this kind of food service as they need an alternative from home food. There is a demand for everyone in Sitamarhi to reach Bihar for getting variety in food. You can tap this opportunity and purchase things from Bihar to provide cooked food for people in Sitamarhi. Also, due to the ancient importance of this place, there are visitors reaching this place as a tourist. Even those individuals feel glad about the availability of different food that is tasty and hygienic.
- Computer Education – It is a good idea to start training institutes to educate students and adults about the computer. Bihar requires attention in this domain and hence you have a bright chance to make money by sharing knowledge. With only one degree college in this city, students must move out for studies and there they need to cope up. The training provided by you will help them to adjust to other cities in India. Education standards are seeing exponential growth and it is a must to bring all students to one level for a successful career.
Who we serve for
The Indian constitution demands certain legal terms when it comes to lending money and here are a few obligatory ones.
- We are here for the adult population ranging from 21 to 65 years of age since the country needs those who are physically and mentally stable.
- We also look forward to serving people with clean tax records. At the time of applying for the loan, we expect you to submit your tax documents or at least your last year tax return papers.
- We also expect you to have a proposal that shall yield a commercial profit that is not less than two lakhs per annum.
What you need to submit for getting a business loan in Sitamarhi
We can arrange for immediate loan approval if you can submit a few necessary documents to the financier at the time of applying for a business loan.
- We require identity proof of the applicant which is provided by the government such as a voter’s identification or a passport or a driver’s license or the Aadhar card.
- We also require documents for your residence verification. You may attest that with a voter identification card, passport, driver’s license, Aadhar card, or you may submit a copy of your bank book or your house registration document.
- You are expected to provide your PAN card or the PAN card of your company. In order to prove your financial status, we demand a bank passbook or the statement with recent transactions for up to six months.
- We require your income tax and tax return statements for the last two years. A recent photograph of the applicant is mandatory.
- If you have taken any loans previous to this, it should be notified with its details beforehand. The credit agency may also desire a few other documents like the power of attorney, association protocol, statements of cash flow and so on.
These documents are required at the time of application and they can be uploaded in our website online. By uploading them online, we prevent unnecessary paperwork and thus less tension for you!
Know what you pay
The interest rates to be paid by the applicant depending on various yardsticks set by the State government. These are to be taken into consideration when calculating the interest rate of micro, small and medium-sized enterprises. You may contact us for clarification of doubts and get to know our rates more clearly.
- Operating cost
- Loan term
- Equity quotas
- Currency flow
- Credit Information Bureau India Limited (CIBIL)
- Company assets
- Commercial profit
The Equated Monthly Installment (EMI ) amount which is nothing but the amount that you pay in a monthly basis for the repayment of your loan is based on the amount of loan and the duration of the contract. The duration and amount are inversely proportional whereas the loan amount and EMI amount are directly proportional.
- Commitment and commissions
- Foreclosure rates
- The first payment is usually discussed with applicants after they appeal for the loan online with the attestations since they fluctuate from case to case.
You will find the interest rates to be much cheaper when compared to the other websites as we constantly strive to provide our clients with the best package at a cheaper interest.
- We are a chain of online money lenders functioning in over 100+ cities in India providing business loans to budding entrepreneurs and students after graduating from college who have the power to shape the Indian economy but lack funds.
- We provide first class, hassle- free lending without any paperwork because just like you, we too care for our mother Earth! We are ready to lend you a maximum of a crore.
- What’s more, we don’t demand collateral of any sort.
- You need not get perplexed with any complicated procedures as we always have your back. If you need any help, all you need to do is only ask.
- You can easily apply for a loan online in the comfort of your home and voila you can start your dream career! If your start-up needs a kick-start, we are here for you.
- The documentation once uploaded through online will be approved by us within two business days. There are thousands of great minds who are waiting to prove their talents to this world but fail to do so because they aren’t able to invest in their ambition. Fear not, for we are here to invest in you who in turn is the future of our country.
The next step
We welcome the future economists, CEOs, entrepreneurs, industrialists, and business tycoons to join hands with us for the benefit of the country. You can take out a loan to start a new business including export, wholesale, or start a retail outlet with our help. Come, let’s build a better tomorrow!