Best Business Loan Rates in Chennai
How does the idea of getting your business Loan delivered at your desk sound? Great? Vijay Capitals will do exactly that for you. Your dedicated Vijay Capitals expert will help you choose the right bank/institution, get the best rate, coordinate the documentation process and ensure the funds reach you in the quickest possible time. All this and more without you even stirring from your desk.
Read below how these factors affect your Interest rates. To help its customers get the best interest rates on business Loans Vijay Capitals has consolidated all the information regarding the latest rate of interest in one place. Please keep visiting this section to get updated rates of interest on Business Loans.
Business Loan Charts
Turn Over – Min 40L
Net profit – Min 1.5 L
Business Stability – 5 Yrs
Rate of Interest – 14% to 18
CASH FLOW Net profit – Tax + 50% of Deprecation = CASH FLOW
DSCR – Existing Loan Emi * Remaining Months or 12 Months
Eligibility Criteria DSCR/CASH FLOW = 1 % and Above
Multiplier Calculation Eligibility Criteria * 1.75
- 2 yrs I. T Including TDS amount Mentioned -TDS certificate (Form 16 )
- 6 Months COMPANY’S Current Account Bank Statement
- Loan Schedules
- Business Continuity Proof
- Identity Proof- Passport/ Driving License/PAN card/ Voters Id (Anyone of the above)
- Age proof- PAN Card/ Passport/ Driving License / School leaving certificate/ /Birth Certificate/ (Anyone of the above)
- Address Proof-Passport/ Telephone bill (BSNL/MTNL) / Electricity bill / Rental agreement / Driving license / Bank Statement With Address page / Election ID card/ Postal Id Card/BB BILL/Ration Card/Gas Bill With Agreement Book/ P
- Own house proof- Either Shop or Residence – Document- EB Card / TAX Receipt
PVT LTD
Turn Over – Min 40L – (NP and TO SAME )
Net profit – Min 40 L (NP and TO SAME )
Business Stability – 5 Yrs
Rate of Interest – 14% to 18%
CASH FLOW Net profit – Net profit- Tax + 50% of Deperecation + Partnar’s Salary = CASH FLOW
DSCR – Existing Loan Emi * Remining Months or 12 Months
Eligibility Criteria DSCR/CASH FLOW = 1 % and Above
Multiplier Calculation Eligibility Criteria * 1.75 and High Profile Means – multiplier 2
- 2 Yrs company IT
- 2 Yrs Individual I T of Major Partner
- 6 Months Current Account bank Statement
- Partnership deed
- Company Pan Card
- Partner Pan Card
- Partner’s Own House Proof or Shop
- Loan Schedule’s.
- KYC of ALL PARTNERS
- MOA – MEMORANDUM OF ARTICLE
Partnership
Turn Over – Min 40L
Net profit – No Issues
Business Stability – 5 Yrs
Own Property – Any One
Rate of Interest – 14% to 18%
CASH FLOW Net profit – Net profit- Tax + 50% of Deperecation + Intrest on Capital + Partnar’s Salary = CASH FLOW
DSCR – Existing Loan Emi * Remaining Months or 12 Months
Eligibility Criteria Eligibility Ciritiea * 1.75 and High Profile Means – multiplier 2
Multiplier Calculation DSCR/CASH FLOW = 1 % and Above
- 2 Yrs company IT
- 2 Yrs Individual I T of Major Partner
- 6 Months Current Account bank Statement
- Partnership deed
- Identity Proof- Company Pan Card
- Partner Pan Cardcertificate/ /Birth Certificate/ (Anyone of the above)
- Partner’s Own House Proof or Shop
- KYC of ALL PARTNERS
Auto Loan Based
CASH FLOW Net profit – Net profit- Tax + 50% of Deprecation + Interest on Capital + Partner’s Salary = CASH FLOW
DSCR – Existing Loan Emi * Remaining Months or 12 Months
Eligibility Criteria DSCR/CASH FLOW = 1 % and Above
Multiplier Calculation Eligibility Criteria * 1.75 and High Profile Means – multiplier 2
- 2 Yrs company IT
- 2 Yrs Individual I T of Major Partner
- 6 Months Current Account bank Statement
- Partnership deed
- Company Pan Card
- Partner Pan Card
- Partner’s Own House Proof or Shop
- Loan Schedule’s.
- KYC of ALL PARTNERS
Doctor Profile
Turn Over – No Issue
Net profit – 1 Lakhs
Business Stability – 5 Yrs
Rate of Interest – 14% to 18%
Net profit – Tax+ 50 % Dep *4
- 2 Yrs company IT
- 6 Months Current Account bank Statement
- MBBS – Degree Certificate
- Mrc- Medical Registration Certificate
- PG Proof
Doctor's Delight- 24 Hrs Disposal
Turn Over – No Issue
Net profit – 1 Lakhs
Business Stability – 5 Yrs
Rate of Interest – 14% to 18%
Net profit – Tax+ 50 % Dep *4
- 2 Yrs company IT
- 6 Months Current Account bank Statement
- MBBS – Degree Certificate
- Mrc- Medical Registration Certificate
- PG Proof
- 3 Yrs – PG Completed
Hosing Loan Based
Loan Amount Should be 15 Lakhs
Min 18 Months
2 Nos of Loans
14% to 18 %
Rental Income
Min 50 K Per Month
Credited in Bank Account
2 Years Must
Income minus 12 % – Obligation
Building Lease Aggrement
14% to 18 %
