Business loan is the most availed unsecured / secured type of loan.
Such loans are usually availed by Self Employed professionals/ non professionals for enhancing or starting their business.
Although some banks need an established business for at least 3 years to fund a business loan, most nationalized banks do fund Business loans to new and upcoming entrepreneurs.
EarnWealth gives options to its website visitors to choose from a varied list of private, foreign & nationalized banks to avail a business loan.
Some banks also insist on collateral such as residence/ office or even stocks for mortgage against business loan funded to the customers.
Hence, in failure to repay the loan, attaching the collateral by the lenders plays an important role.
Business Loan parameters:
Business Loan amounts range from an amount of INR 3 Lakhs till INR 50 lakhs, depending on Bank policies.
The repayment tenure ranges from 12 month till 60 months.
Rate of interest varies from 16% till 26%.
Banks who insist for collateral to offer business loans usually insist for Machinery,Stock.
Residence or office for mortgage.
Business loan can be classified broadly into: Over Draft (OD) Loan:This loan account means that the borrower can overdraw money from a Current account. There is a specified limit of the OD amount permissible. A specific rate of interest is levied to the customer for the money that is utilized from the OD account. Term Loan:This loan can be a short term, long term or an intermediate kind of a loan. This loan is offered depending on the monetary economic position of the borrower. Term Loans can be offered for a low tenure of 3 years or for long term tenure of 15 years. These loans can be offered as secured or unsecured loans. Other business loans offered by banks can be Bill Discounting, Letter of Credit, Cash credit loans etc. There are also some loans tailor-made only for women for expanding or setting their business. Such loans are usually offered by Government. Mudra loans are one such type of loans.
Few of Top Business Loan Lending Companies in IndiaHDFC Bank - The Housing Development Finance Corporation Limited (HDFC) was amongst the first to receive an 'in principle' approval from the Reserve Bank of India (RBI) to set up a bank in the private sector.
ICICI Bank - CICI Bank offers a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels and through its group companies.
Shriram Finance - We are a part of the "SHRIRAM" conglomerate which has significant presence in financial services viz., commercial vehicle financing business, consumer finance, life and general insurance, stock broking, chit funds and distribution of financial products such as life and general insurance products and units of mutual funds.
Punjab National Bank - Creating Value for all its customers,Investors and Employees for being the first choice for all stakeholders.
Kotak Mahindra Bank - Kotak Mahindra is one of India's leading banking and financial services groups, offering a wide range of financial services that encompass every sphere of life.
Lendingkart - LENDINGKART Technologies Private Limited is a fin-tech startup in the working capital space. The Company has developed technology tools based on big data analysis which facilitates lenders to evaluate borrower’s credit worthiness and provides other related services.
Tata Capital - Tata Capital Private Equity was built on the Tata group's foundation of "leadership with trust". We invest in businesses that offer the potential for significant growth and financial return, and take joint responsibility with owner-managers to execute on the realisation of that potential.
Fullerton - Our primary services constitute financing of SME for working capital and growth, loans for commercial vehicles and two-wheelers, Business improvement loans, loans against property, Business Loan s, working capital loans for urban self-employed and loans for rural livelihood advancement, rural housing finance and financing of various rural micro enterprises.
DHFL - Transforming dreams to build a nation of proud Businessowners. For over three decades, DHFL has been providing easy access to affordable Housing Finance to realise Business-ownership aspirations of millions of Lower and Middle income families in semi-urban and rural India.
Check out the lowest interest rates for Business Loan s in Kochi by filling in the forms and letting our intuitive algorithm search for the best deal. We work with various banks and NBFCs as compared to Business Loan agents in Kochi and thus are able to search for a better offer. The entire process is completed at your doorstep or through the use of technology to make it simple and convenient. You can get the lowest interest rates for Business Loan s in Kochi if you meet the eligibility criteria for various banks and NBFCs. All steps are taken in complete security and your data is always protected and secure through the entire transaction. Read all about Business Loan s, credit rating, EMIs and eligibility if you are wondering how to get a Business Loan in Kochi. If you have your requirements ready then apply for a Business Loan in Kochi can also be obtained if you meet the exact criteria for a certain bank or NBFC.
Criteria | Salaried | Self-Employed |
---|---|---|
Age | 23-58 Years | 25-60 Years |
Income | Rs 20,000 & above | 25,000 & above |
Loan Amount | Minimum Rs 1 lakh Onwards | Minmium Rs 1 lakh Onwards |
Work Experience | Minimum 1 Year | Minimum 3 Year |
Basic Documentation | KYC, latest bank statements etc are required | KYC, latest bank statements etc are required |
Category | Documents | |
---|---|---|
Salaried | Self-Employed | |
Photo | 1 Passport size photographs | 1 Passport size photographs |
ID proof | Pan Card, Driving Liecense | Pan Card, Driving Liecense |
Residence Proof | Passport/ Landline bill/ Post paid Mobile bill/ Rental agreement or Bank Statement, Ownership Index II | Passport/ Landline bill/ Post paid Mobile bill/ Rental agreement or Bank Statement, Ownership Index II |
Aadhar Card | Aadhar Card Copy | Aadhar Card Copy |
Age Proof | Passport/ driving licence/ Pan Card copy | Passport/ driving licence/ Pan Card copy |
Shop Documents | - | Shop Act License and Shop Act address proof, Registraion Certificate, GST Certificate |
Income Proof | Last 3 months salary slips, Appointment Letter, Form #16 2 years, Balance Sheet, GST return(If Applicable) | Last 3 Year ITR, Computation of Income, Profit & Loss Account |
Banking Statement | Last 6 months bank statements, Salary Account | Last 12 months bank statements, Current & Saving Account |
Be informed of the different ways your Business Loan Rate of Interest in Kochi. So that you can take the right decision when it comes to choosing your loan at the lowest interest rates. Apply here to get started and to know the offers that are available on your Business Loan .
Bank | Address | IFSC Code |
---|---|---|
HDFC BANK |
COCHIN RAVIPURAM BRANCH
ELMAR SQUARE39/4157, M.G.ROAD,RAVIPURAM,COCHINKERALA682 016 | |
HDFC BANK |
COCHIN KADAVANTHRA BRANCH
M K S TOWERS,SAHODHARAN AYYAPPAN ROAD,KADAVANTHRACOCHINKERALA682020 | |
HDFC BANK |
COCHIN BANNERJI ROAD BRANCH
HDFC BANK, SUDHAS BUILDING , GROUND FLOOR, MADHAVA PHARMACY, BANNERJEE ROAD, COCHIN, KERALA - 682018 | |
HDFC BANK |
COCHIN PALARIVATTAM BRANCH
PALARIVATTAM.BUILDING NO. 32/1182,GROUND FLOOR,PALARIVATTAM JUNCTION,COCHINKERALA682025 | |
HDFC BANK |
KAKKANAD BRANCH
K AND T TOWERS, NEAR KAKKANAD POST OFFICE, KAKKANAD KOCHI KERALA 682030 | |
HDFC BANK |
PARAVUR BRANCH
ADAM PLAZA,MUNICIPAL JUNCTION, TEMPLE ROAD,PARAVUR DIST ERNAKULAM KOCHI KERALA 683513 | |
HDFC BANK |
MAIN BRANCH CHOICE TOWERS BRANCH
GROUND FLOORMANORAMA JUNCTIONERNAKULAM SOUTH | |
HDFC BANK |
WILLINGDON ISLAND BRANCH
GR FLOOR, 5TH CROSS ROADWILINGDON ISLANDWILINGDON ISLAND | |
HDFC BANK |
EDAPALLY BRANCH
GROUND FLOORNATIONAL NANDANAMPALACE ROAD, EDAPALLY | |
HDFC BANK |
ST JOSEPH BRANCH
D 12CATHOLIC CENTRETHOPPUMPADY | |
HDFC BANK |
PACHALAM BRANCH
HDFC BANK LTD.DE SERVICE PARK,SRM ROAD,PACHALAM | |
HDFC BANK |
KURIAN TOWERS BRANCH
BANERJI ROAD,PB NO 2561,ERNAKULAM, | |
HDFC BANK |
ERNAKULUM BRANCH
MG RAOD DOOR NO 40/7995 BPRABHU TOWERS GROUND FLOORM G ROAD KERALA | |
HDFC BANK |
FIFA TOWERS BRANCH
PANAYAPPILLYKOCHIKOCHI | |
HDFC BANK |
DR.MENEZES BUILDINGS, PALLURUTHY BRANCH
DOOR XXXIII/2411DR.MENEZES BUILDINGS,DR.MENEZES BUILDINGS, | |
HDFC BANK |
DOOR 11/ 597,AMEENA SHOP CENT,KARUVANNUR BRANCH
DOOR 11/597,AMEENA SHOPPING CENTREKARUVANNUR | |
HDFC BANK |
SREENARAYANAN SAMAJAM,SHOPCOMP,TALIKULAM BRANCH
1ST FLOOR, SREENARAYANAN SAMAJAMSHOPPING COMPLEXTALIKULAM | |
HDFC BANK |
INFO PARK KOCHI BRANCH
HDFC BANK LTD., ATHULYA, INFO PARK, KUSUMAGIRI P.O., KAKKANAD KOCHI KERALA 682030 | |
HDFC BANK |
PETTAH KOCHI BRANCH
HDFC BANK LTD. PRANAVAM TOWER, PETTA JUNCTION, POONIT HURA COCHIN KERALA 682038 | |
HDFC BANK |
PANAMPILLY NAGAR BRANCH
KAIRALI APARTMENTS SOUTH END OF PANAMPILLY NAGAR COCHIN KERALA 682036 | |
HDFC BANK |
JAWAHAR NAGAR BRANCH
HDFC BANK LTD NEW BUILDING SUBASH CHANDRA BOSE ROAD JAWAHAR NAGAR KOCHI KERALA 682019 | |
ICICI BANK |
KOCHI KADAVANTARA BRANCH
KOCHI | |
ICICI BANK |
PALARIVATTOM, KOCHI BRANCH
ICICI BANK LTD., MOIDU'S BUILDING, S.N JUNCTION, PALARIVATTOM, KOCHI - 682037, KERALA | |
ICICI BANK |
VYTILA, ERNAKULAM BRANCH
ICICI BANK LTD., PAREKKATTIL TOWERS, OPPOSITE WELCARE HOSPITAL,VYTILA , ERNAKULAM - 682019, ERNAKULAM DIST., KERALA. | |
ICICI BANK |
KOCHI ELAMAKKARA, KERALA BRANCH
ICICI BANK LTD., BROADWAYS ARCADE, PUNNAKAL JUN, ELAMAKKARA, KOCHI - 682026, ERNAKULAM DIST., KERALA | |
ICICI BANK |
RAVI PURAM KOCHI, KERALA BRANCH
ICICI BANK LTD., TEEPEYEM TOWER, OPP. SHIPYARD, RAVI PURAM, KOCHI - 682020, ERNAKULAM DIST., KERALA. | |
ICICI BANK |
CHEMBUMUKKU KOCHI, KERALA BRANCH
ICICI BANK LTD., PALACKAL BUILDING, CHEMBUMUKKU, KAKKANAD, KOCHI- 682030, ERNAKULAM DIST., KERALA. | |
ICICI BANK |
KOCHI WELLINGTON ISLAND KERELA BRANCH
ICICI BANK LTD, OLD DLB BUILDING, WILLINGDON ISLAND, KOCHI - 682 009.KERALA | |
ICICI BANK |
KOCHI JAWAHAR NAGAR KERELA BRANCH
ICICI BANK LTD., ISSAC'S TOWERS, NEAR BREAD WORLD, JAWAHAR NAGAR, KOCHI- 682020, KERALA | |
ICICI BANK |
THOPPUMPADY, KOCHI BRANCH
ICICI BANK LTD., AMBAL BUILDING, NEAR GAMMON BRIDGE, THOPPUMPADY, KOCHI - 682006, ERNAKULAM DIST., KERALA. | |
ICICI BANK |
THEVARA BRANCH
ICICI BANK LTD., MARIA BUILDING, 26/1722-E1, ELAMKULAM VILLAGE, THEVARA, KOCHI - 682103, ERNAKULAM DIST., KERALA | |
ICICI BANK |
KOCHI BYEPASS NH BRANCH
ICICI BANK LTD., SAMUEL SONS TOWER, SHOBA ROAD, NH - BYEPASS, VENNALA P.O, KOCHI - 682028, KERALA | |
ICICI BANK |
PANAMPILLY NAGAR BRANCH
ICICI BANK LTD., MANNA, NEAR AVENUE CENTRE, PANAMPILLY NAGAR, KOCHI - 682036, KERALA | |
ICICI BANK |
PACHALAM BRANCH
ICICI BANK LTD., IDASSERIL CHAMBERS, LINK PARK, POTTAKUZHI ROAD, PACHALAM, KOCHI - 682012, KERALA | |
ICICI BANK |
EDAPALLY ERNAKULAM BRANCH
EDAPALLY | |
ICICI BANK |
ERANKULAM PALLIMUKKU BRANCH
ICICI BANK 3RD FLOOR THARAKAN HOUSE PALLIMUKKU M G ROAD COCOHIN 682016 | |
STATE BANK OF INDIA |
OVERSEAS BRANCH, KOCHI BRANCH
DIST ERNAKULAM, KERALA 682 003 | |
STATE BANK OF INDIA |
PANAYAPALLI, KOCHI BRANCH
POST BAG NO.280,XII BY 1052,PANAYAPALLY,KOCHI,DISTERNAKULAM,682002 | |
STATE BANK OF INDIA |
NRI, KOCHI BRANCH
DEEPA THEATRE BLDG,M.G.RD.,NRI KOCHI,ERNAKULAM,KERALA | |
STATE BANK OF INDIA |
KALOOR BRANCH
PB NO. 1862, BONOTH SHOPPING ,COMPLEX, KOCHI,KOCHI PIN - 682017 | |
STATE BANK OF INDIA |
PERUMBAVOOR BRANCH
MULLAPALLI BLDGS.,ALWAYEMANNAR ROAD,PIN682542 | |
STATE BANK OF INDIA |
VYTTILA, KOCHI BRANCH
29 1288, B-CUMMINS BUILDINGVYTTILLA JUNCTION, NATIONALHIGHWAY, KOCHI , PIN - 682019 | |
STATE BANK OF INDIA |
TREASURY BRANCH, ERNAKULAM BRANCH
2ND FLOOR KTDC BLDG, SHANMUGHAM ROAD, DISTT. ERNAKULAM, KERALA 682 031 | |
STATE BANK OF INDIA |
SERVICE BRANCH, ERNAKULAM BRANCH
KAILASAM, TD ROAD, SOUTH END, DISTT. ERNAKULAM, KERALA 682 011 | |
STATE BANK OF INDIA |
INFOPARK BRANCH, KOCHI BRANCH
NPOL COMPOUNDKAKKANADERNAKULAM KERALA 682037 | |
STATE BANK OF INDIA |
CENTRE OF ENGG STUDIES, CUSAT BRANCH
SCHOOL OF ENGG MAIN CAMPUS, CUSAT,KALAMASSERI, ERNAKULAM DISTRICT 682022 | |
STATE BANK OF INDIA |
HIGH COURT OF KERALA BRANCH
HIGH COURT COMPLEX, GROUND FLOOR, ERNAKULAM, KOCHI, KERALA 682031 | |
STATE BANK OF INDIA |
KOCHI REFINERIES BRANCH
KOCHI REFINERIES COMPOUND, AMBALAMEDU, ERNAKULAM DISTRICT, KERALA 682303 | |
STATE BANK OF INDIA |
MINICOY BRANCH
MINICOY,KADEEJA MANIKKA,FURAKKAD AOUGE HOUSE,SEDIVALU VILLAGE,DIST682559 | |
STATE BANK OF INDIA |
CHOTTANIKARA BRANCH
KRISHNANS BUILDING,CHOTTANIKARAA BYE PASS JUNCTION,DISTERNAKULAM 682312 | |
STATE BANK OF INDIA |
KANJIRAMATTOM BRANCH
AP4 BY 484,KOLATHAKKOOTTIL HOUSE,KANJIRAMATTOM JUNCTION,DISTERNAKULAM 682315 | |
STATE BANK OF INDIA |
KADAVANTHRA BRANCH
NO 57314A NAVEEN ARCADERAVINDRAN ROAD KADAVANTHTRA POST ERNAKULAM KERALA682020 | |
STATE BANK OF INDIA |
KATHRIKADAVU BRANCH
GRAND BAYKATTAKKARA JNKALOOR KADAVANTHRA ROADKALOORCOCHIN 17ERNAKULAMKERALA682017 | |
STATE BANK OF INDIA |
PANAMPILLY NAGAR BRANCH
DOOR NO395173 A KC ABRAHAM MASTER ROADPANAMPILLY NAGAR KOCHI DISTTERNAKULAM KERALA682036 | |
STATE BANK OF INDIA |
PONEKKARA BRANCH
ATHEKKEDATH COMPLEX POYSHA ROAD PONEKKARA DISTT ERNAKULAM KERALA 682041 | |
STATE BANK OF INDIA |
DESOM BRANCH
KUNNUMPURAM, POST.DESOM, DIST. ERNAKULAM, KERALA- 683102 | |
STATE BANK OF INDIA |
KOOTHATTUKULAM BRANCH
VALIYAKULANGARA TOWERS, KOOTHATTUKULAM, DIST.ERNAKULAM, KERALA-686662 | |
STATE BANK OF INDIA |
SBIINTOUCH LITE, PADAMUGAL BRANCH
NO.XI673B1,SBIINTOUCH LITE,PADAMUGALKAKKANAD,NOEL HOUSE,POSTTRIKKAKARA,ERNAKULAM 682021 | |
STATE BANK OF INDIA |
BANERJI ROAD BRANCH, ERNAKULAM BRANCH
NEAR HIGH COURT JUNCTION,CRYSTAL COMPLEX,BENARJEE ROAD ERNAKULAM 682031 KERALA |
Are you ready to find the lowest interest rates available for your Business Loan in Kochi?