Business Loans in Kolkata, West Bengal

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Popularly known as the ‘city of joy’, Kolkata the capital of West Bengal known for its rich British era history, is one of the top 5 metropolitan cities in the country. With a river passing through the city and a vast coast line, businesses have flourished in this city since the beginning. Known for its fine craftsmanship in the sectors of jewelry and textile, retail industry is booming in this city. Being the commercial and financial hub of East India, this city provides a home and a living for many coming from Far East India, boosting economy and business.


Due to a vast coastline, this city has always engaged in export of goods which require fine handwork giving a heads up to the SME sector of this city. The exports of leather, leather products, handicrafts and textile and food products are a major contribution to the economy from the SME segment. With support of the government and a good business environment, this city is a great place to take up a loan and continue flourishing your business.

Benefits of taking up a Business loan in Kolkata


  • Export and Globalization

With great export opportunities and the impact of globalization seen in the world, taking up a loan to increase your exports is a great start to expanding your business Pan India and overseas.



  • Quick Availability

With an already growing business city, lenders are supportive and provide loans to efficient and growing businesses without much hassle.


  • Efficiency and Swiftness

Along with the increasing demand in loan requirement, the supply of SME loans has also increased making the loan process swift and efficient without any lags in between, thus increasing the effectiveness of the business.

Eligibility criteria for business loans in Kolkata

A business loan can be provided to an individual, a partnership, limited liability partnership, proprietary firm, self employed. To be eligible for a business loan there are a lot of factors that are considered. Every bank that offers loan will look into many criteria prior to sanctioning it. Few important ones are:

  • Age Limit: The applicant should be min 21 years & max. 65 years
  • Income: Business should be profit making at least for the past 1 years
  • Turnover: Rs. 200,000 should be the minimum monthly income
  • Co-applicants: This is optional to the applicant, not mandatory in case of business loan

Documents required for business loans in Kolkata

Here is the basic documentation required for getting a Business Loan:

  • A copy of the PAN card of the person or company
  • An identity proof which might include any of Aadhar Card, Passport, Voter ID, PAN Card or Driving License
  • An Address Proof which can consist of either of Aadhar Card, Passport, Voter ID or Driving License
  • Bank statements from the last 6 months
  • ITR statement from the last year as well as audited balance sheet and P&L statement for the past 2 years
  • Cash Flow statements
  • Debt Obligations
  • Application form with a recent photograph of all co-applicants
  • Other documents as required which can include declaration of ownership, MoA, Resolutions, Power of Attorney or any other document required by the bank/NBFC or as required by the lender

Interest Rates and charges for business loans in Kolkata

Interest rates for an SME or MSME business are calculated on various aspects and tangents taking in criteria the CIBIL score, net worth, profitability of the business, cash flows, working capital and inventory ratios and the tenure of the loan. Usually a longer dated loan would have a lower EMI while a risky business would have a higher EMI.

Nature and charges on business loans

Along with these there are other charges like commitment charges, foreclosure charges and prepayment charges which are decided during the process of the loan and differ from loan to loan based on the criteria of the loans.

Why apply for business loans at FlexiLoans?

Here at FlexiLoans it is now extremely convenient to apply for business loans with a full hassle free process. We provide loans in more than 100 cities all over India with innovative product solutions for our customers.

  • We are completely paperless so no worrying about losing documents and eases convenience. Just fill the form, upload your documents, get approved in less than 48 hours and the loan is yours.
  • We provide collateral free loans i.e.100% unsecured loans with no security, making the process less cumbersome for you.
  • We have no hidden fees and charges and are completely transparent; securing your trust is what is important to us.
  • We grant loans with a lending capacity up to Rs. 1 Crore.

FlexiLoans aims to provide you with the easiest way of securing a loan and that is our number one priority. We want you and your business to grow to the vision you have seen for it.

How to apply for a business loan from Kolkata

If you are a business owner or a company, please do click here to apply today.