Business Loan In Ahmedabad

Ahmedabad - the largest city in the state of Gujarat offers several compelling reasons for being a good investment opportunity. Its strategic location, vibrant economy, pro-business environment, rapid infrastructure development, proximity to GIFT (Gujarat International Finance Tec-City) and constant government support are some of the major advantages. Moreover, Ahmedabad is home to reputed educational institutions and technical universities, producing a pool of skilled professionals across various fields. Finance in the form of a business loan in Ahmedabad is easily accessible to support this growth narrative.

IIFL Finance's business loan in Ahmedabad is one of the most recognised solutions due to its effortless application process, minimal documentation, and attractive interest rates.

Business Loans in Ahmedabad Features and Benefits

Ahmedabad has witnessed the emergence of successful startups in sectors such as technology, e-commerce, healthcare, and fintech, offering investment opportunities in these growing industries. In order to promote this evolving economy, many lenders offer customised solutions for those who come seeking business loans in Ahmedabad. Here are the four main features:

Immediate Capital

Funds up to Rs 50 lakhs can be availed by a business loan in Ahmedabad

Minimal Documentation

Only a few documents such as identity and address proof along with some financial details of the business are required.

Quick Disbursal

Once the application for working capital loan is approved, the money is transferred as early as 48 hours.

No Collateral

You won't be expected to produce any form of security such as property or an expensive possession.

Business Loan in Ahmedabad EMI Calculator

Calculate your EMI and choose the most suitable product for you

Eligibility Criteria for Business Loans in Ahmedabad

To qualify for an unsecured business loan in Ahmedabad, you would need to meet specific business loan eligibility criteria. They are as follows:

  1. Established businesses operating for more than six months at the time of application.

  2. Minimum turnover of Rs 90,000 in the last three months from the time of application.

  3. The business does not fall under any category or list of blacklisted/excluded businesses.

  4. The office/business location is not on the negative location list.

  5. Charitable organisations, NGOs, and trusts are not eligible for a business loan.

Documents Required For Business Loans in Ahmedabad

There are a few crucial business-related documents you must present if you seek a business loan in Ahmedabad.

KYC documents – Identity proof and address proof of the borrower and all co-borrowers

PAN Card of the borrower and all co-borrowers

Last (6-12 Months) months bank statement of main operative business account

Signed copy of standard terms (term loan facility)

Additional document(s) for credit assessment and processing the loan request

GST Registration

Previous 12 months’ bank statements

Proof of business registration

PAN Card and Aadhar Card copy of the Proprietor(s)

Deed copy and company PAN Card copy in the case of partnerships

Business Loan Fees & Interest Rate

Business Loan Interest rate and fees will continue to change depending on the state of the market and macroeconomic factors. However, a business loan in Kolkata will be customised and established at a reasonable cost so that you can focus on accomplishing your business goals without worrying about the burden of debt.

Why choose an unsecured business loan in Ahmedabad?

The government of Gujarat has implemented various business-friendly policies, incentives, and reforms, creating an investor-friendly environment. The state's efforts to streamline bureaucratic processes and promote ease of doing business have contributed to Ahmedabad's attractiveness as an investment destination. You can avail the multiple benefits from a business loan in Ahmedabad:

  • Working Capital
  • Business Expansion
  • Equipment and Asset Purchases
  • Inventory Management
  • Business Renovation or Remodeling
  • Business Acquisitions
  • Bridging Cash Flow Gaps
  • Consolidating Debt
  • Building Credit History

How to apply for a Business loan in Ahmedabad?

IIFL Finance offers a straightforward application process. So, if you want to apply for a business loan in Ahmedabad from IIFL Finance, follow these steps:

  • ‌‌

    Go to the business loan section of the IIFL Finance website.

  • ‌‌

    Click "Apply Now" and complete the form.

  • Submit all the necessary paperwork to complete KYC.

  • ‌‌

    Click the "Submit" button.

  • ‌‌

    Following evaluation, IIFL Finance will grant the loan in under 30 minutes and deposit the money into your bank account within 48 hours.

So, if you're looking to start or grow your business in Ahmedabad, apply right away!

IIFL Business Loan Related Videos

Business Loan in Ahmedabad FAQs

Business loans vary in terms of repayment tenures. Unsecured loans, without collateral, are typically repaid within five years, with a maximum borrowing limit of around Rs 50 lakh. Secured loans, backed by assets, can be repaid within 10 years, with higher loan amounts. However, unsecured loans are commonly taken for 2-3 years, while term loans are usually repaid over 5-7 years.

Those who qualify, can avail loans in the range of Rs. 40,000 to Rs. 30 Lakhs are offered.

Most banks and NBFCs have a minimum CIBIL score requirement of 700 for business loans

Yes, you will have to pay a processing fee in addition to interest rates when you apply for a business loan in Telangana. It is best to verify with the lender first because each one has different fees.

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