Are you thinking of availing a business loan anytime soon? Browse through our business loan eligibility criteria mentioned below, to make sure your business loan is approved at the very first go:
- The applicant has to be in business for last 3 years with a minimum turnover of Rs.40 Lakhs
- The business must have generated profit for a minimum of 1 year
- The applicant should be a Sole Proprietor / Partnership firm / Private Ltd Co. / Trust / LLP involved in the business of Manufacturing, Trading or Services
- The main applicant should be minimum of 25 years of age & should be no older than 65 years at the time of loan maturity
What are the fees and charges associated with Kotak Business Loans?
- Processing fees: Maximum 2% of the loan / facility amount (Plus GST)
- Documentation Charges:
- Loan amount less than 10 Lakhs - Rs.3500/- (Plus GST)
- Loan amount greater than 10 Lakhs - Rs.6000/- (Plus GST)
Check out the business loan rates for availing the business loan.
What are the documents that I need for getting a Business Loan?
We believe in fast loan disbursals with mininum troubles of lengthy paperwork. Check out the documents required for business loan to know more.
Why should you apply for Kotak Business Loans?
- Kotak Business Loans are available from Rs. 3 lakhs to Rs. 75 Lakhs
- Minimal paperwork and speedy approvals
- Easy repayment options
- Services are made available at your doorstep
To find out what more is in store for you, take a look at our business loan features for more details.
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