Business Loan

Business Loan

Revive your business with collateral free Business loans who take your business to new heights. Whether to expand to new markets, upgrade existing facilities, pay for utilities or staff salaries, or meet the requirements of your working capital. Posiitive Ally provides supports to get an ideal business loan with multiple funding features to get desired high loan amount. Choose to loan with us and plan finances better for you business.

Benefits & Features
  • You do not have to provide any collateral against them
  • With multiple funding get your desired amount.
  • Transfer Loan Balance & Top-up with Ease.
  • It is an excellent source of emergency funds.
Who Can Apply For Business Loan?
  • Self employed individuals, Proprietors, Private Ltd. Co. and Partnership Firms involved in the business of Manufacturing, Trading or Services.
  • The business should have a stable turnover.
  • Individuals who have been in the current business for a minimum of 3 years.
  • Those whose business has been profit making for the previous 2 years
  • The business should have a Minimal Annual Income (ITR) of Rs. 1.5 lakhs per annum
  • The applicant should be at least 21 years at the time of applying for the loan, and should be no older than 65 years at the time of loan maturity.
EMI Calculator
You can use the EMI Calculator to calculate your monthly installments way before you apply for a loan and have a definite estimate of your monthly payments well in advance.


Documentation Required for Business Loan

Following are the documents you would need to submit for all applicants / co-applicants for the loan approval

Self-employed individual

Sole Proprietorship Pvt. Ltd. Partnership
KYC - Applicant & Co-Applicants
Photograph of Applicant & Co-applicants Photograph of Applicant & Co-applicants Photograph of Applicant & Co-applicants
Identity proof of Applicant & Co-applicants Pan card of the company Pan card of the company
Address proof of Applicant & Co-applicants List of directors on shareholding pattern-certified by CA Partnership Deed
Business vintage proof Business vintage proof Business vintage proof
GST registration GST registration GST registration
Article of Association and Memorandum of the company Identity proof of all partners
Identity proof of all directors Address proof of all partners
Address proof of all directors
Income Proof - Certified by CA
Last 3 years Financials - Attested By Proprietor/Director/Partner
Income Tax Return Income Tax Return Income Tax Return
Computation of Income Computation of Income Computation of Income
Balance Sheet Balance Sheet Balance Sheet
Profit & Loss Profit & Loss Profit & Loss
Creditors & Debtors Creditors & Debtors Creditors & Debtors
Complete all Audit Report All Director's Report Complete all Audit Report
  Complete all Audit Report
 
26 AS 26 AS 26 AS
GSTR-3B (updated one year)* GSTR-3B (updated one year)* GSTR-3B (updated one year)*
One year Bank Statement of Saving & Current accounts One year Bank Statement of current accounts One year Bank Statement of current accounts
(In PDF Format) (In PDF Format) (In PDF Format)
All Directors All Partners
Income Tax Return Income Tax Return
Computation of Income Computation of Income
26 AS 26 AS
One year Bank Statement of Saving accounts One year Bank Statement of Saving accounts
(In PDF Format) (In PDF Format)
Other Documents
Current loan SOA if any
Ownership Proof *

All documents to be self attested. The above list is indicative in nature and additional documents can be asked for.

For quick apply to send all documents in PDF format to our email info@positiveally.in

Reasons to Avail Business Loan with Posiitive Ally
  • Connected with top private and nationalized banks & NBFCs, which helps you to get market’s most attractive & affordable loan.
  • Enjoy the hassle-free experience with minimal documentation, doorstep document pick up at your desired location.
  • Provide pre-loan & post loan support with advisory services.
  • Quick turnaround time and complete secure process.