Business Loan in Coimbatore
Referred to as the ‘Manchester of South India’ due to its cotton production and textile industries, Coimbatore is also called the ‘Pump City’ as it supplies nearly half of motors and pumps in India.
Businesses cannot afford to fall short of machinery capital in Coimbatore, which is responsible for providing motors and pumps to the entire nation. Getting funds was difficult earlier as it involved a lot of work and complications.
Understanding business difficulties, we offer Business Loans in Coimbatore up to Rs. 50 lakhs that require minimal documentation and offer flexible repayment tenures, and competitive interest rates. We offer Business Loans for expansion and acquisitions, staffing, equipment, working capital, hiring, and salaries to let businesses focus on growth and success.
Features and Benefits of taking a Business Loan in Coimbatore
Higher loan disbursal amounts
We disburse loan amounts up to Rs. 50 lakhs.
Faster and smooth disbursal
You might not be able to slide in your crush’s DMs smoothly, but with us, your loan amount is disbursed smoothly at Godspeed.
We do not like to keep your things with us, so we offer you collateral-free Business Loans.
Flexible loan tenure
Loan tenures can be selected with us as you need. You get flexible repayment tenures ranging from 12 to 48 months.
We do not let you wait on approvals at all. Our approvals are quick with minimum documentation.
No hidden costs
We got nothing to hide from you! Not even costs!
Is my Business eligible for a Loan?
|What should be my Age to get the Loan?
|Between 21-65 years.
|How old should my business be to avail the loan?
|It should be at least 3 years old!
|Do I need a credit score as well?
|Yes. A CMR Score of up to 6 and a CIBIL Score of 700 would be enough!
|What should be my Business Turnover?
|It should be a minimum of Rs. 1 Crore
What will the Interest Rates look like for a Business Loan in Coimbatore?
Depending on the type of business, different interest rates apply to Business Loans in Coimbatore. Your company must bring in at least Rs. 1 crore in annual revenue to be eligible for the loan. Additionally, your chances of receiving a loan with a reduced interest rate will increase if you have a rich history of making on-time loans and credit repayments.
What documents do I need to apply for a Business Loan in Coimbatore?
- A bank statement covering the last 6 months will do the job!
Business registration proof
- This will tell us about your business that you want to avail the loan for.
Proprietor(s) PAN Card Copy
- A copy of the proprietor or owner’s PAN Card is needed for verification purposes.
Proprietor(s) Aadhar Card Copy
- A copy of an Aadhar Card will do.
Partnership Deed Copy
- If applicable, the partnership deed copy should be attached for verification as well.
Company PAN Card Copy
- A copy of your Company’s PAN Card will also be required.
How Do I Apply For A Business Loan in Coimbatore
the application form.
It takes only 3
relax! You are on
your way to secure a
Frequently Asked Questions
How much Business Loan can I apply for?
The loan amount depends on your eligibility and your previous loan repayment history. If all are met, you can get a loan amount of up to Rs. 50 lakhs.
How do you calculate Business Loan interest rate?
You can use our Business Loan EMI calculator to estimate your future EMIs per different loan amounts, interest rates, and loan tenures. This way, you can assess how your EMIs will change as per the interest rates.
Are there any fees for applying for a Business Loan in Coimbatore?
No. There are no fees for applying for a Business Loan in Coimbatore.
How long does it take to get a Business Loan?
We approve your Business Loans at Godspeed. Test us now!
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Apply now for simple, fast, and accessible loans for business from Clix.