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STARTUP LOANS
With ample opportunities for new businesses, the Start-up ecosystem is rapidly booming in India. To support the growth of your Start up, Esaar brings to you Start up Loan, a business loan for new businesses that offers up to Rs. 2 Crores. With this customised Start up financing, you can meet various business expenses like overhead, inventory, infrastructure costs, etc.
Start-ups having a business vintage of minimum 3 years are eligible to apply for this Start up business loan in India. All you have to do is fill up an application form, submit a few documents and receive the money in your account.
Esaar India Offers two types of Loans to Stat ups
• Unsecured Loans
• Secured Loans
UNSECURED LOANS
- Fast approval within 48 hours Apply for Esaar Start up Business Loans online, and get a quick approval within 24 hours.
- Doorstep document collection You only need to submit a few basic documents to our representative, who will arrive at your doorstep to collect the documents.
- Repayment tenor Conveniently repay your Start up loan as per your business’ cash flow. The tenor ranges between 12 months and 60 months.
Esaar offers these business Start-up Loans at attractive rates of interest to make these affordable for Start-up in India. These loans have nominal fees and charges associated with them making them light on your pocket.
A new-age feature, Flexi Loan facility allows multiple withdrawals from a pre-sanctioned loan amount and repayment of the principal as per convenience. Here, you pay interest only the withdrawn fund, thereby, reducing your EMIs by up to 45%.
Availing a business loan from Esaar is simple. Applicants just need to fulfil the following eligibility criteria to avail the benefits of the loan.
- The applicant must be between 25 to 55 years old to apply for a business loan.
- Applicant must also own a business running for at least 3 years.
- Income Tax Returns for the applicant’s business should be filed for a minimum of 1 year.
The documentation requirements for business loans are minimal. You simply need to hand over the following documents to our representative.
i. Identity proof – Applicants need to provide identification proof with appropriate KYC documents including Aadhaar card, voter ID, PAN card, passport, driving license or any other valid document issued by the government.ii. Address proof – Other than KYC, documents like passport, electricity bill, ration card, telephone bill, lease agreement, trade license or certificate of trade license can be used as address proof when applying for a Esaar Business Loan. Applicants can also opt for any other document issued by the government as address proof to complete their loan application.
iii. Financial documents –
The common business loan documents list that self-employed professionals and non-professionals need to submit are as follows.
- A copy of Income Tax Return filed for at least one year.
- Bank account statement for the last 6 months.
- Balance Sheet and Profit & Loss Statement for the previous 2 years, audited by a CA.
- For self-employed professionals Registration document in case of sole proprietors. Other proofs of business identity for self-employed professionals include documents issued in the concern’s name like PAN card, payment receipt for municipal tax, electricity bill, IT returns, etc.
- For self-employed non-professional Sole proprietor’s registration document, individual identity proof of the owner, IT Returns, at least 6 months of bank statements of the owner, statement of creditor/book debt/periodic stock, GST return, etc.
- For other entities (partnerships and Private Limited companies) Partnership agreement in case of partnership firms and Certificate of Commencement/Article and Memorandum of Association for Private Limited companies. Other supporting documents for these concerns including returns of Income Tax, Goods and Services Tax, registration certificate under the Shops and Establishment Act, etc. Besides, partners and directors also need to submit individual proofs of identity.
SECURED LOANS
The increasing opportunities to establish a new business drive the start-up ecosystem that is flourishing in India currently. Apart from a solid business plan, what start-up companies require is adequate funding in the form of seed capital. Esaar India Loan Against Property brings Start-up Loan to meet the unique needs of individuals eager to start their own ventures.
Avail the easy financing option to start a business with an initial capital or finance its expansion needs and operational costs. Mortgage an asset and opt for high-value start-up loans as per the market value of that property.
Use this start-up funding to cover expenses like new infrastructure, inventory and overhead expenses, purchase of new equipment, etc.
Tailor-made for prospective entrepreneurs who need initial capital to set up their own firm, this small business loan comes with the following features:
Esaar offers easy access to high-value start-up loan on property up to Rs. 2 crore. Utilise the funds for multiple purposes with no end-usage restriction.
The small business start-up loan comes with a long repayment tenure of up to 10 years. Select a convenient schedule according to your repayment capability and avoid chances of default.
Approval and disbursal of self-employed loan is fast and hassle-free with Esaar. Meet the loan against property eligibility criteria, submit the documents required and enjoy quick disbursal of the loan amount within 4 days of approval.
With Esaar, be assured to pay attractive loan against property interest rate. Our 100% transparent policy ensures no hidden or surprise charges on loan.
Complete the application process with minimal documentation. Submit the mortgage documents along with identity proof, address proof and proof of income for instant approval of your start-up loan on property.
following documents to our representative.
i. Identity proof – Applicants need to provide identification proof with appropriate KYC documents including Aadhaar card, voter ID, PAN card, passport, driving license or any other valid document issued by the government.ii. Address proof – Other than KYC, documents like passport, electricity bill, ration card, telephone bill, lease agreement, trade license or certificate of trade license can be used as address proof when applying for a Esaar Business Loan. Applicants can also opt for any other document issued by the government as address proof to complete their loan application.
iii. Financial documents – The common business loan documents list that self-employed professionals and non-professionals need to submit are as follows.
• A copy of Income Tax Return filed for at least one year.
• Bank account statement for the last 6 months.
• Balance Sheet and Profit & Loss Statement for the previous 2 years, audited by a CA.
iv. Business ownership proof – The proof of business ownership required for a Bajaj Finserv Business Loan depends on the type of business and applicant profile. Documents for various business profiles are mentioned below.
• For self-employed professionals Registration document in case of sole proprietors. Other proofs of business identity for self-employed professionals include documents issued in the concern’s name like PAN card, payment receipt for municipal tax, electricity bill, IT returns, etc.
• For self-employed non-professional Sole proprietor’s registration document, individual identity proof of the owner, IT Returns, at least 6 months of bank statements of the owner, statement of creditor/book debt/periodic stock, GST return, etc.
• For other entities (partnerships and Private Limited companies) Partnership agreement in case of partnership firms and Certificate of Commencement/Article and Memorandum of Association for Private Limited companies. Other supporting documents for these concerns including returns of Income Tax, Goods and Services Tax, registration certificate under the Shops and Establishment Act, etc. Besides, partners and directors also need to submit individual proofs of identity.