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10 Things to Ask Yourself Before You Get a Business Loan in Chennai

Business Loan in Chennai

Getting a business loan in Chennai is inevitable when you are running short of funds to do your business. Here are some things that you should keep in mind before you get a business loan. The following things will assist you in getting the apt financial help.

1. Choice of loan

  • Business loan
  • Unsecured business loans

2. Is it mandatory for you to avail the loan?

     Consider before you get business loan in Chennai, if loans are considered as the best financing option.

3. Benefits of getting loan from RG Enterprises

     We provide good rate of interest within the tenure.

4. Choice of lender

  • Negotiate to identify the best possible deal by
  • Comparing the interest rate of various lenders
  • Check if they are reliable and authorized

5. Check if you are eligible to get the business loan

    The eligibility to get a business loan is determined based on the following factors

  • Should have an existing business
  • Documentation proof
  • Business history

6. Even If your CIBIL score is low, we provide loan

7. Be sure of the loan amount you are looking for

8. Try to identify the loan purpose before you apply for business loan in Chennai

9. Make sure your business plan is strong enough

It is essential to build a business plan in such a way that it should be able to generate revenue in a shorter period of time and for a longer term

10. Make sure to maintain the credibility before you apply for a loan

Basic documents for Business loan

  1. Three passport size photographs
  2. ID proof – Passport/voter ID/ Aadhar card /Pan card
  3. Residence Proof – Passport/ Landline bill/ post paid mobile bill/ rental
  4. agreement or Bank Statement
  5. Age Proof – Passport/ drivers licence/school certificate or Pan Card copy
  6. IT Returns – Latest 3 years
  7. Banking Statement – 6 months bank statements
  8. Audited Financials & Board Resolution

If you have a requirement for a business loan, then fill in your requirement on our application form and expect an instant call back from us with the options.

If you are looking for business loans for an existing business, contact RG Enterprises immediately.