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KFIS Trusted Finance Service provides clear guidelines on the eligibility criteria for business loans in Tambaram, ensuring that entrepreneurs can easily navigate the application process. Understanding these requirements can significantly increase your chances of approval.
📜 Business Type |
Ensure your business is registered as a 🏢 Sole Proprietorship, 🤝 Partnership, 🏛️ Pvt Ltd, 🏦 Limited Company, ⚖️ LLP, or 🏬 Corporate Entity. |
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⏳ Experience in the Industry
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Your business should have 2+ years of active operation 🗓️ with industry expertise.
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💸 Turnover Requirement
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Your business must have a minimum monthly GST turnover of ₹30,00,000+ or higher 📈.
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📊 Financial Consistency
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Your business should have a reliable financial history ✅ with stable profits 💼📑.
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💳 Minimum Credit Score
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A credit score of 700+ 📈 is essential for both personal and business credit 🏦.
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🏢 Proven Business History
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A solid operational track record 📑 improves the chances of approval 📊.
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👥 Age Eligibility Range
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Applicants must fall within the age range of 21 to 65 years ⏳.
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🔐 Collateral Requirement for Large Loans
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Loans exceeding ₹5 crore 💵 may require collateral 🏠 for approval.
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🪪 Required PAN Card |
All applicants 👤🏢 must provide a valid PAN card 🪪 for loan processing. |
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🔍 Identity Verification
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Choose from these: Aadhaar 🏷️, Passport ✈️, Voter ID 🗳️, PAN 🪪, or Driving License 🚗.
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📊 GST Returns
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Submit GST returns from the past 12 months 📆 for verification 📑.
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🏡 Address Proof Submission
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Acceptable documents for address proof: Aadhaar 🏷️, Passport ✈️, Voter’s ID 🗳️, or Driving License 🚘.
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📄 Financial Documentation
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A 12-month bank statement 🏦 is necessary for review.
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📜 Income Tax & Financial Records
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Submit recent Income Tax Returns 📑 and financial statements 📊 for the past 2️⃣ years, certified by a CA ✅ or audited 🔍.
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🏢 Business Verification
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Provide documents like ITR 📄, Trade License 🏪, Establishment Certificate 🏛️, MSME & GST Certificate to prove business continuity.
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📂 Required Supporting Documents
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Include essential paperwork like 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 MoreKFIS Financial Assistance offers various types of business loans, including term loans, working capital loans, equipment loans, and invoice financing. These loans cater to businesses of all sizes, providing financial support for expansion, operations, or asset acquisition in Tambaram.
No, collateral is not required for unsecured business loans in Tambaram. KFIS Expert Loan Assistance helps businesses access funds without the need to pledge assets, making it easier for companies that don’t have valuable property to secure a loan.
MSME loans can be of various types, such as working capital loans, machinery loans, term loans, and government-backed loans. KFIS End-to-End Finance Experts can guide you in selecting the best loan type based on your business needs.
Yes, many MSME loans are available without collateral, depending on your business’s financial health and creditworthiness. KFIS End-to-End Finance Experts can help you explore unsecured MSME loan options if you don’t have assets to pledge.
At KFIS Financial Services Experts, we prioritize fast approvals. Once your documents are submitted and reviewed, we typically approve loans within a few days. This allows you to get the working capital you need in Tambaram without unnecessary delays, helping you manage your business efficiently.
In many cases, KFIS Financial Services Experts may not require collateral for a working capital loan in Tambaram. We assess your business’s financial health and other factors to determine whether collateral is needed. Our goal is to provide you with the best funding option without unnecessary risks.
Machinery loan can be possible upto 20Cr without any security. To apply for a machinery loan in Tambaram, visit KFIS website or contact us directly. Our loan experts will assist you in completing the application, submitting necessary documents, and ensuring you qualify for the loan that meets your needs. Our team makes the process simple and straightforward.
KFIS Loan Assistance Experts provides machinery loans that can be used to purchase manufacturing equipment in Tambaram. Whether you need heavy machinery or moderate equipments our loan options can help you expand your manufacturing capacity, increase efficiency, and meet production demands without depleting your working capital.
