Business Loans Eligibility

 Are you planning to take out a business loan soon? To ensure that your business loan is granted on the first try, review our business loan qualifying criteria listed below:

  • The candidate must have been in business for at least three years and have a minimum revenue of Rs.40 lakhs.
  • For a minimum of one year, the business must have made a profit.
  • The applicant must be a sole proprietor, partnership firm, private limited liability company, trust, or limited liability partnership engaged in the manufacturing, trading, or service industry.
  • The main applicant must be at least 25 years old and no more than 65 years old at the time of loan maturity.


What are the fees and charges associated with Kotak Business Loans?

  • Processing fees are limited to 2% of the loan or facility amount (Plus GST)
  • Fees for Documentation:
  • Loans of less than ten lakhs rupees - Rs.3500/- (Plus GST)
  • Loans of more than ten lakhs rupees - Rs.6000/- (Plus GST)
  • Check out the business loan rates before applying for one.
What are the documents that I need for getting a Business Loan?

We believe on quick loan disbursements with minimal paperwork hassles. To learn more, look over the paperwork needed for a business loan.

Why should you apply for Kotak Business Loans?

  • From Rs. 3 lakhs to Rs. 75 lakhs, Kotak Business Loans are accessible.
  • Paperwork is minimal, and permits are granted quickly.
  • Repayment choices that are simple
  • Services are delivered right to your house.

Take a look at our business loan features for more information on what else is available to you.
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Conclusion

We may operate in both existing and emerging markets at any time during the loan lifecycle. We are capable of handling both simple and complex large syndicate transactions. To find about the best pricing and deals, call our toll-free number +91-9477079053. They'll help you in every way they can. Please contact me at Business Loan Online Apply if you have any more inquiries.

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