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Understanding the eligibility criteria for business loans in Trichy is crucial when applying for financial assistance. KFIS Experts Service helps businesses meet these requirements, which typically include having at least 2+ years of operation, stable revenue, and a good credit score. Meeting these conditions can improve your chances of securing a business loan.
Legal Registration Requirement |
The business must be legally recognized as a Sole Proprietorship, Partnership, Pvt Ltd, Limited Company, LLP, or Corporate entity. |
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Business Duration
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The business should have been in operation for at least 2+ years, with relevant industry experience.
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Revenue Criteria
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The business should have a monthly GST turnover of ₹30,00,000 or higher.
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Financial Performance
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A proven record of stable financial health or profitability is required.
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Credit Score Requirement
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A credit score of 700+ or above, both personal and business, is generally necessary.
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Business Track Record
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Having a solid history of business operations boosts the likelihood of loan approval.
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Age Eligibility
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Applicants must be within the age range of 21 to 65 years.
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Collateral for Secured Loans
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For loans exceeding ₹5 crore, collateral might be required to secure the loan.
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PAN Card |
The applicant, whether an individual, firm, or company, must provide a PAN card. |
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Identity Verification
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Valid identity documents such as Aadhaar Card, Passport, Voter’s ID, PAN Card, or Driving License are required for verification.
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GST Returns
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GST returns for the last 12 months must be provided for business verification.
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Proof of Address
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Accepted address proof documents include Aadhaar, Passport, Voter’s ID, or Driving License.
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Bank Statements
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Provide bank statements for the last 12 months.
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Tax & Financial Records
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Recent Income Tax Returns along with financial statements from the previous two years (certified by a CA or audited) must be submitted.
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Business Continuity Evidence
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Documents like ITR, Trade License, Establishment Certificate, or Sales Tax Certificate are required to demonstrate business continuity.
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Additional Documentation
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Include necessary documents such as Sole Proprietor Declaration, Partnership Deed, Memorandum & Articles of Association, Board Resolution, and MSME & GST Registration.
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(*Terms and conditions apply.)
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Read MoreYes, Kfis Experts Finance offers unsecured business loans in Trichy for businesses that may not have collateral to offer. These loans are based on the business’s financial performance and creditworthiness, ensuring that you can access the funds you need without the need for asset backing.
Yes, Kfis Professional Assistance offers unsecured MSME loans in Trichy for businesses that may not have any assets to secure. These loans are assessed based on the financial health and creditworthiness of your business, allowing MSMEs in Trichy to access funding for business, making it easier for the business to grow.
The maximum loan amount available for unsecured business loans in Trichy through Kfis Experts Finance service can go up to ₹5 Crore, without any security. Kfis Experts Finance service ensures that businesses receive adequate funds tailored to their specific requirements while keeping repayment terms manageable.
Kfis Specialist Services provides various business loans, including working capital loans, term loans, equipment financing, and unsecured loans. Each loan type serves a specific business need, helping companies in Trichy to finance growth, manage operations, or purchase assets. The team at Kfis Specialist Services will help you choose the right loan type.
The approval process for a business loans in Trichy through Kfis Specialist Services is straightforward. After submitting the required documents, Kfis Specialist Services evaluates your business’s financial health, creditworthiness, and loan needs. Upon approval, funds are typically disbursed within a few days, ensuring that businesses can access the capital they need without delay.
To apply for a business loan with Kfis Specialist Services, you can visit their website ( staging.kfis.in or khannanfinance.com ) & Apply Now, contact their customer service team. The application process is straightforward, and the team will assist you with documentation and provide guidance throughout the approval process, ensuring a smooth and efficient loan experience.
The loan amount depends on various factors such as the type of machinery and your business’s financial health. Kfis Consultancy typically offers loans ranging from a 10 lakhs to 20 crores without any security enabling you to invest in the best equipment for your business in Trichy.
Machinery loans in Trichy may require collateral, such as the machinery itself or other business assets. Kfis Consultancy works with businesses to secure the best terms with minimal collateral requirements. Unsecured options may also be available based on your business’s creditworthiness.
