Business Loan In Guwahati

In Northeast India, Guwahati's vibrant culture and thriving business scene beckon entrepreneurs to seek financial support. Abundant natural resources, a strategic trade location, diverse agriculture, thriving SMEs, and government initiatives make it a land of opportunity. Business loans serve as catalysts, empowering businesses of all sizes to seize growth opportunities, invest in tech, and expand. From tea to petroleum, these loans fuel Guwahati's entrepreneurial spirit, propelling the state towards economic prosperity.

IIFL Finance offers a streamlined application process, ensuring entrepreneurs can focus on their business goals without financing complexities in this tranquil yet bustling city.

Business Loans in Guwahati Features and Benefits

In Guwahati, a business loan comes with a variety of features and advantages tailored to meet the specific needs of local entrepreneurs. Here are some essential features and benefits of obtaining a business loan in the city:

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Immediate Capital

Guwahati-based businesses can readily secure up to Rs 50 lakhs in immediate capital through a business loan.

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Minimal Documentation

Unlike traditional loans, which necessitate extensive documentation, business loans in Guwahati only demand a handful of essential documents.

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Quick Disbursal

The business loan in Guwahati is typically deposited into the applicant's bank account within 48 hours of the application.

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No Collateral

When applying for a business loan in Guwahati, owners are not compelled to offer valuable assets as collateral.

Business Loan in Guwahati EMI Calculator

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₹ 50 K ₹ 30 L

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Rate of Interest

12.75 % 44 %

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Eligibility Criteria for Business Loans in Guwahati

Before applying for a business loan in Guwahati, it's essential to ensure you meet the specific business loan eligibility criteria. Take a close look at the following requirements before proceeding with your application:

Established businesses operating for more than six months at the time of application.
Minimum turnover of Rs 90,000 in the last three months from the time of application.
The business does not fall under any category or list of blacklisted/excluded businesses.
The office/business location is not on the negative location list.
Charitable organisations, NGOs, and trusts are not eligible for a business loan.

Documents Required For Business Loans in Guwahati

When applying for a business loan documents in Guwahati, you'll need to submit several essential business-related documents:

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

The interest rate and fees associated with business loans in Guwahati can fluctuate due to market conditions and financial variables. Nevertheless, you can rest assured that the business loan interest rate in Guwahati is tailored to suit your needs and is maintained at a reasonable level. This allows you to concentrate on achieving your company's objectives without being weighed down by excessive expenses.

Why choose an unsecured business loan in Guwahati?

Choosing an unsecured business loan in Guwahati provides several advantages, including lowered risk, simplified procedures, swift approval and disbursement, flexible fund utilization, better cash flow management, and access to capital for small businesses. Entrepreneurs can harness these benefits to drive business growth and accomplish their objectives.

How to apply for a Business loan in Guwahati?

IIFL Finance has made the application process rather smooth and efficient for those residing in and around Guwahati. Here's what you need to keep in mind:

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Go to the business loan section of the IIFL Finance website.
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Click "Apply Now" and complete the form.
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Submit all the necessary paperwork to complete KYC.
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Click the "Submit" button.
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Following evaluation, IIFL Finance will grant the loan in under 30 minutes and deposit the money into your bank account within 48 hours.

Turn your Guwahati business vision into reality – apply now!

IIFL Business Loan Related Videos

Process & Documents Required for Business Loan

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Understanding Micro, Small and Medium Enterprises MSME

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Business Loan in Guwahati FAQs

Is CIBIL score required for a business loan in Guwahati?

A favourable CIBIL score serves as an indicator of the borrower's creditworthiness and can have a beneficial impact on the lender's decision to grant a business loan. Additionally, it contributes to shaping the loan amount, interest rate, and repayment conditions extended by the lender.

What is the difference between an SME loan and an MSME loan?

As the name suggests, SME Loan is meant for Small and Medium Enterprises covering a broader range of businesses. An MSME Loan, on the other hand, specifically looks into smaller businesses targeting micro, small and medium enterprises.

Can you get a business loan without collateral in Guwahati?

Business loans are indeed accessible, as they are in numerous locations, Guwahati included. These loans, often known as unsecured business loans, do not necessitate collateral. Nevertheless, such loans' specific terms and availability may fluctuate depending on the lender, your company's financial standing, creditworthiness, and other factors.