Here are a few factors

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Location 50Km from Branch
CIBIL Score 700+
Processing Offline
Business Vintage 3 Year
Minimum Turnover 1 Cr-100 Cr
Loan Amount & Tenure 3 Lac- 40 Lac
(12 month- 36 Month)
Loan Product Term Loan
Rate of Interest & Type Normal:19.50% to 23% IF DSCR>1-19%-23% (Reducing)
TAT Sanction-3 Days
Disbursement-7 Days
Processing Fees 2%
Foreclosure Charges 4% after 12 month
Applicant Type Any Self Employed Person
Whether Co-Applicant Mandatory Yes
Proprietor Age/Co-Applicant Age 24 Year-65 Year
Part Payment Allowed No
Whether Ownership Proof Required Yes, either office or residence one should be owned within Lending Branch Jurisdiction
Business Registration Proof Mandatory Yes
Program Banking Program-20 Lac, Income Program-40 Lac
Product for Professionals No
Negative Profile Both Side Rented, School, Advocates, Jewellers, Share Traders, Liquor Business, Real Estate
USP No Financial upto 20 Lac
Additional 1. 51% Shareholding required on Loan if applicant is LLP/Partnership firm/Company
2. Civil Contractor, Travel Profile are call base profile
Right Documents - Easy Process

Required Documents to Apply for Edelweiss Business Loans

  • KYC of applicant & Co-Applicant
  • Last 3 year ITR with computation of income of applicant & co-applicant
  • Last 3 year audited balance sheet of applicant
  • Last 3 year Tax audit report of applicant
  • Last 12 month Bank Statement of applicant & co-applicant
  • 26AS of last 2 year of applicant & co-applicant
  • Copy of GST registration
  • Copy of MSME registration
  • Copy of Last 12 month GST return
  • Sanction letter of all running loan
  • Debt Sheet
  • Latest utility Bill of residence if owned or rent agreement if rented
  • Latest utility Bill of Office if owned or rent agreement if rented
  • 2 Reference with contact details
  • Last 3 year Debtors & Creditors on letter head
  • List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership firm/LLP

Some Important Points

1. KYC Means If Applicant is
  • Company-MOA, AOA, COI , PAN Card
  • Partnership Firm/LLP- Partnership Deed & PAN Card
  • Proprietorship Firm- PAN Card, Adhaar Card, Passport size photo
For Co-Applicant
  • KYC means  Adhaar Card, PAN Card, Passport Size Photo
Co-Applicant means in case of
  • Company : Directors
  • Partnership firm/LLP : Partners
  • Proprietorship Firm : Spouse of Proprietor
2. If applicant is professional, then his professional degree is required

Note : Edelweiss Business Loan may ask for additional documents based on the applicant’s profile. The above list is for reference purposes only.

About Edelweiss Business Loan

Financial assistance is available from Edelweiss Business Loan to deal with multiple business cycles. Almost all company needs can be satisfied with an Edelweiss Business Loan. Without any type of security, you may get an Edelweiss Business Loan in the range of Rs. 3.5 lakhs to Rs. 50 lakhs. Small and medium-sized businesses can receive instant financing from Edelweiss Business Loan to aid in expanding their company. The interest rate for an Edelweiss Business Loan is determined by your creditworthiness, business revenue, ability to pay back the loan, and, last but not least, your score on the credit report. You also have access to a convenient EMI solution to pay back the loan for around 4 years.

Here are a few factors about Edelweiss Business Loan

Edelweiss Business Loan, formerly known as Ratnakar Bank, is an Indian private sector bank. It offers services across six verticals: corporate and institutional banking, commercial banking, branch and business banking, retail assets, development banking and financial inclusion, treasury and financial market operations. To meet short-term funding and working capital needs, Edelweiss Business Loan provides completely secured business loans. You can obtain money from the bank to expand your firm. The maximum loan amount granted by the Edelweiss Business Loan is up to Rs. 40 lakh with a repayment period of up to 36 months, and the interest rate on business loans ranges from 19.50% to 23% p.a. If you are looking to grow your business without worrying about the finances, then Edelweiss Business Loan is your way to go! You can easily avail of a business loan from Edelweiss Business Loan which is well supported by their dedicated team and staffs. They offer the most competitive interest rates in the market with a hassle-free documentation process. So, moving ahead let’s explore and find more about Edelweiss Business Loan.
01
Visit Our Website

For the first step, you will have to visit our website to explore the loan options that fit your needs.

02
Select and Apply

Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.

03
Submit Your Document

One of the most important steps. Now you will have to submit all the required documents digitally.

04
Enjoy Your Financial Freedom!

Once your application is approved based on your eligibility, you will receive your loan amount shortly.

Leave Your Question

FREQUENTLY ASKED QUESTIONS

Generally, it takes 3 days to be sanctioned, and the disbursement period is up to 7 days.

You can get a loan from Edelweiss when your minimum turnover is Rs. 1 crore.

No, actually, the bank generally requires a business history of at least 3 years to sanction a business loan.

You will get a period of 12–36 months to repay your loan.

As of now, it is between 19.50 and 23.00%.