Business Loans and MSME Loans
Achieve your business ambitions with 24×7 Achha Hoga Advisory Pvt. Ltd.’s Commercial Loan services. Whether you’re expanding, purchasing new office space, or renovating, our loans offer high funding amounts, competitive interest rates, and flexible repayment options.
Key Features of our Business / MSME Loan
With fast approvals, tax benefits, and support for various property types like offices, warehouses, and retail spaces, we ensure your business gets the right financial backing for growth. Leverage the value of your property today and fuel your business success!
Maximize Business Loan Eligibility
Prepare a business plan, know your credit score, choose the loan amount, research loan options, and have documents ready.
Common Documents Required
Proof of address & identity, business proof, income proof, partnership deed, articles of association, board resolution, PAN card, etc.
Business Loan Approval Criteria
Applicants aged 21 to 65, business vintage of 1-2 years, minimum turnover as per ITR, and profit-making for at least 1 year.
Advantages and Highlights of Our Business Loan / MSME Loan / Commercial Loan
Working Capital Loans: Our Working Capital Loans help you manage day-to-day operations efficiently, providing the funds you need to cover short-term expenses like inventory, salaries, or operational costs. These loans ensure that your business remains financially stable, even during cash flow fluctuations.
Business Expansion Loans: Planning to grow your business? Our Business Expansion Loans offer the necessary capital to scale your operations, open new locations, or launch new products and services. With flexible repayment options, you can focus on growth without worrying about immediate financial strain.
Term Loans: We offer Term Loans with fixed repayment schedules for long-term investments. Whether it’s for purchasing property, expanding facilities, or major projects, these loans provide you with a lump sum to meet your large business expenses.
Advantages and Highlights of Our Business Loan / MSME Loan / Commercial Loan
Equipment Financing Loans: Our Equipment Financing Loans help you purchase or upgrade the machinery and tools essential to your business. From heavy machinery to high-tech office equipment, we offer competitive interest rates and tailored repayment plans to suit your needs.
Machinery Loans: Specifically designed for industries requiring large-scale machinery, our Machinery Loans provide flexible financing options to purchase, upgrade, or repair industrial equipment. These loans help ensure that your production processes remain efficient and up-to-date.
Invoice Financing & Bill Discounting: Unlock immediate cash flow with Invoice Financing & Bill Discounting services. By turning your unpaid invoices into instant working capital, we help you bridge the gap between pending payments and immediate expenses, allowing you to focus on your business growth without delay.
Eligibility Criteria & Eligible Entities for Business Loans
Business Type:
Most lenders offer loans to a wide range of businesses, including sole proprietorships, partnerships, limited liability companies (LLCs), corporations, and more.
Credit Score:
A good credit score (typically 700 or above) is preferred by most lenders, as it reflects your repayment ability and financial reliability.
Business Age:
Lenders often require a minimum operational history, usually 1 year or more, to ensure the business has a stable foundation.
Annual Revenue:
Lenders may set a minimum annual revenue requirement to confirm the business generates sufficient income to repay the loan.
Collateral:
For secured loans, lenders may ask for assets like real estate, equipment, or inventory as collateral to back the loan.
Cash Flow:
Strong cash flow is essential. Lenders will assess your business’s financial health to ensure timely loan repayment.
Age Criteria:
Applicants must be at least 21 years old at the time of application and not older than 65 by the loan’s maturity.
Eligible Entities:
Individuals, MSMEs, sole proprietorships, partnership firms, public and private limited companies, LLPs, retailers, traders, manufacturers, and service-oriented businesses in the trading and manufacturing sectors.
Business Vintage:
The business should have been operational for at least 1 year, with its location unchanged during that time.
Business Experience:
Applicants must have a minimum of 1 year of business experience.
Annual Turnover:
Minimum turnover requirements will be defined by the lender.
Nationality:
Only Indian citizens are eligible.
Additional Criteria:
Applicants must own a property, whether it’s a residence, office, shop, or godown, to be eligible for the loan.
Required Documentation for Business Loans
The documents you need to submit for a business loan depend on the type of business entity. Below is a list of commonly required documents to start the loan process:
- Income Tax Returns (ITR): Past 2-3 years of ITR filings.
- Bank Statements: Current account statements for the last 12 months.
- PAN Card: Photocopy of the business owner’s or company’s PAN card.
- Residential Address Proof: Any of the following – Voter ID, Passport, Aadhaar, Telephone Bill, or Electricity Bill.
- Business Address Proof: Telephone or electricity bill for the business premises.
- Financial Statements: Last financial year’s provisional financials and projections for the coming year.
- Business Profile: Company’s business profile on official letterhead.
- Photographs: 2 passport-sized photos of promoters and property owners.
- Loan Details: Sanction letter and repayment schedule of any existing loans.
- GST Documents: GST registration certificate and returns for the last 2 years.
- Tax Registrations: D-VAT or Sales Tax registration copies.
- Udyam Aadhaar Certificate: Registration certificate for small businesses.
- Rent Agreements: Rent agreement copy for factory and/or residence, if applicable.
- Business Continuity Proof: Evidence of business continuity for 3 years (e.g., ITR filings or company registration).
- For Private Limited Companies: Company PAN card, Certificate of Incorporation, Memorandum and Articles of Association (MOA & AOA), list of directors, and shareholding pattern.
- For Partnership Firms: Partnership deed and company PAN card.
| Particulars | Charges |
|---|---|
| Loan Processing Fees | 4999/- to 5% of Loan Amount |
| Loan Cancellation | Usually 3000 to 5% of Loan Amount |
| Stamp Duty Charges | As per value |
| Legal Fees | As per value |
| Penal Charges | Usually 2% per month |
| EMI / Cheque Bounce | Approx 500/- to 600/- |
Charges may vary as per Case scenario!
Get in Touch to get the best Business MSME Loan Offers
Ready to explore your financing options? Contact us today to schedule a consultation or get more information about our services. Let Achha Hoga be your trusted partner in achieving your financial dreams.