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What is Business Loan
in West Bengal works?

There are many business owners who are currently operating their businesses in West Bengal. A business can not always shows a linear graph of profit, there are times when the business owner lacks financial assistance. At that time,  Instead of taking loans from local lenders, it is advisable to take business loans from Banks and NBFCs.  A Business loan is a type of financial aid provided by Banks and NBFCs to people who are facing financial crises. This loan can either be secured i.e. a loan that requires security to be pledged in banks, or unsecured i.e. a loan that is given based on the creditworthiness of a person.
Business Loans in West Bengal can be availed by Business owners who have passed the eligibility criteria. The interest rate for Business Loan starts from 14% for an unsecured business loan and 8.5% for a secured business loan. 


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What is Business Loan in West Bengal works?

Eligibility and Documentation
For Business Loan in West Bengal

Age: The age of the borrower should be between 21-60 years. 
Citizenship: The borrower must be a citizen of India
Business Vintage: The business must be running for 3 years. 
CIBIL Score: 700 or higher

Documents required for Business Loans in West Bengal are mentioned below. 
1. Adhaar Card
2. PAN Card      
3. Photo     
4. GST Registration       
5. UDHYAM Registration      
6. GST Returns       
7. Financial details of the company      
8. Bank statement for one year      
9. Details of the running loans       


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Eligibility and Documentation For Business Loan in West Bengal

How to apply for
Business Loan in West Bengal?

Mentioned below is the process to apply for Business Loan in West Bengal today. 
1. Visit the website of My Mudra and search for the section on Business Loan. 
2. Click on Apply Now for applying for Business Loan. 
3. Get your documentation done online. 
4. Get your business loan approved and disbursed in the shortest interval of time from My Mudra.


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How to apply for Business Loan in West Bengal?

Which banks to apply for Business Loan in West Bengal

Banks and NBFC

Interest Rate

HDFC Bank

14%

Axis Bank

14%

Standard Chartered Bank

14%

IDFC Bank 

15%

ICICI Bank

15%

 

Business Loan EMI Calculator

Loan Amount

Tenure

MO

Interest Rate in %

%

Your Monthly loan emi Rs:23,537

Monthly amount paid to your loan provider

Interest rate in %

Total Payble Amount

5,64,882
Rs

your loan details as specified by you

Loan Amount
5,00,000
Rs
Tenure
24
M
Interest Rate
12
%

Frequently Asked Questions
Frequently Asked Questions