Business Loan

Business Loan | Lasya Sri

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Transfer Loan Balance with Ease
Attractive Interest rates on existing loan transfer
Flexible tenure up to 48 months to transfer your loan balance
Overdraft Facility
Enjoy Overdraft Facility without any security. Limit is set in a separate Current Account which drops monthly till the end of the tenure. Pay the interest only on the amount utilised.
Overdraft Facility up to ₹1 lakh – ₹25 lakh
No guarantor / security required
Tenure ranging from 12-48 months
Attractive rate of interest

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PAN Card – A Permanent Account Number (PAN) Card is required for the Company/Firm/Individual applying for the Business Loan
Identity Proof (Any one): Aadhaar Card, Passport, Voter’s ID Card, PAN Card, Driving Licence
Address Proof (Any one): Aadhaar Card, Passport, Voter’s ID Card, Driving Licence
Bank Statement – Bank statements of the previous six months are required
Financial Statements – Latest Income Tax Return (ITR), along with the computation of income, Balance Sheet and Profit & Loss Account for the previous two years, after being CA Certified/Audited
Proof of Continuation (Any one): Income Tax Return (ITR), Trade Licence, Establishment/Sales Tax Certificate
Other Mandatory Documents: Sole Proprietorship Declaration, Partnership Deed, MOA & AOA or Board Resolution

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Interest Rate Range	Minimum 10.75% and maximum 22.50%
Processing Charges	Up to 2.00% of the loan amount
MSME Benefit	NIL Processing Fees for loan facility up to ₹5 lakh availed by micro and small Enterprises subject to URC submission prior to disbursal
Stamp Duty	As per applicable laws of the state