Business Loan
Every entrepreneur desires to get success in their business. However, there are certain financial needs for your business that must be fulfilled to hit the milestone. An MSME loan or unsecured business loan can assist in meeting these business financial requirements that includes revamping the current business, setting up new machinery, purchasing inventory, increasing working capital or even keeping above the competitors.
At United Mahila Multistate Credit Co-Operative Society, our customized small business loan is tailored to focus on the funding required for your business. By partnering with you, we ensure that you get the perfect financial solution, required to give your business the boost it needs. We offer unsecured small business loans at attractive interest rates with a flexible repayment tenure. Experience a hassle free documentation process and the convenience of doorstep service. Our loan offerings include top ups on existing business loans.
Features and Benefits of a Business Loan
By getting an unsecured Business Loan from United Mahila Multistate Credit Co-Operative Society, you can take advantage of the following features and benefits:
Business Loans up to Rs. 10 Lakh
Whether your business has needs for short-term loans, intermediate-term loans or long-term loans, United Mahila Multistate Credit Co-Operative Society offers instant Business Loans up to Rs.10 lakh. You can use the loan amount to invest in infrastructure, expand operations, buy equipment or inventory, or even to increase working capital.
Attractive Interest Rates
Take advantage of the best low interest Business Loan from United Mahila Multistate Credit Co-Operative Society. Our Business Loan interest rates are customized based on the funding required and your repaying capacity.
Flexible Repayment Tenure
Our Business Loan repayment tenure ranging from 12 to 48 months, can provide you with the flexibility to pay the EMIs of your Business Loan without any financial burden.
Hassle – Free Documentation Process
Experience a minimal and quick documentation with our quick and easy Business Loan application process. When you apply for business loan you only need to submit the relevant documents to get started.
Door Stop Service
Enjoy the best service for all your business needs and enjoy a hassle-free loan process. Our dedicated team of professionals ensures that you get only the best of our small Business Loan, right at your doorstep.
Quick Processing and Speedy Disbursal
Our quick loan processing and speedy disbursal can ensure that you do not have to wait too long to use your funds. Our representative will reach out to you with your Business Loan application’s approval status.
No Requirements to Submit Collateral
No requirement to submit a collateral or security for our small business loan, thus ensuring you make the most of these funds without any financial burden.
Eligibility Criteria for a Business Loan
Self-employed (Professionals) Doctors, Chartered Accountants, Architects, and Company Secretaries.
Eligibility Criteria
Minimum age of applicant: 18 years
Maximum age of applicant at loan maturity: 65 years
Years in business: Minimum 3 years
Minimum Annual Income: ₹ 1, 00,000 p.a. for Metro locations & ₹ 75,000 p.a. for other locations.
Self-employed (Individuals) include self-employed - Sole proprietors, Partners & Directors in the Business of Manufacturing, Trading or Services.
Eligibility Criteria
Minimum age of Applicant: 18 years
Maximum age of Applicant at loan maturity: 65 years
Years in business: Minimum 4 years with at least 2 years in the same Business
Minimum Annual Income: ₹ 1, 00,000/- p.a. for Metro locations & ₹ 75,000 p.a. for Non-Metro locations.
Self-employed (Pvt Cos and Partnership Firms) include Private Companies and Partnership firms in the Business of Manufacturing, Trading or Services
Eligibility Criteria
Minimum age of Applicant: 18 years
Maximum age of Applicant at loan maturity: 65 years
Years in business: Minimum 4 years with minimum 2 years in the same Business
Minimum Annual Income: ₹ 100000/- p.a. for Metro Locations & ₹ 75,000/- p.a. for non-metro locations.
Business must be profit making for the last 2 years
Documents Required for a Business Loan
Self-employed (Professionals) include self - employed Doctors, Chartered Accountants, Architects, and Company Secretaries.
Documents required:
Proof of Identity & Address Proof: Passport / Voters ID / Driving License/PAN Card*(PAN Card of Entity, Proprietors/Partners/Directors, Security providers and guarantors)/Aadhar CardorProofof possession of Aadhaar number(on Voluntary basis) / Photo
Address Proof of Entity, Proprietors/Partners/Directors, Security providers and guarantors like /Driving License/ Voter ID/ Utility Bill (anyone which is not more than two months old of any service provider - electricity, telephone, post-paid mobile phone, piped gas, water bill) / Registered Rental Agreement/Letter of allotment of accommodation from employer/ leave and license agreements with employers allotting official accommodation
Date of Birth Proof: Driving License / Pan Card / Passport Copy / Birth Certificate / 10th / 12th mark sheet bearing date of birth
Bank Statements: Latest statements /Bank passbook for last 6 months
Latest ITR along with computation of income, B/S & P&L a/c for the last 2 years certified by a CA along with schedules and Notes to Accounts, Tax audit reports, Statutory Audit report
Self-employed (Individuals) include self-employed - Sole proprietors, Partners & Directors in the Business of Manufacturing, Trading or Services.
Documents required:
Proof of Identity& Address Proof: Passport / Voters ID / Driving License/PAN Card*/Aadhar CardorProofof possession of Aadhaar number(on Voluntary basis) /Photo /Driving License/ Voter ID/ Utility Bill (anyone (anyone which is not more than two months old of any service provider - electricity, telephone, post-paid mobile phone, piped gas, water bill) / Registered Rental Agreement/Letter of allotment of accommodation from employer/ leave and license agreements with employers allotting official accommodation
Date of Birth Proof: Driving License / Pan Card* / Passport Copy / Birth Certificate / 10th / 12th mark sheet bearing date of birth
Bank Statements: Latest statements / Bank passbook (updated within 90 days)
Latest ITR along with computation of income, B/S & P&L a/c for the last 2 years certified by a CA
Proof of continuation: Trade license /Establishment /Sales Tax certificate
Other Mandatory Documents (Sole Prop. Decl. Or Cert. Copy of Partnership Deed, Cert. Copy of MOA, AOA & Board resolution.)
Self-employed (Pvt Cos and Partnership Firms) include Private Companies and Partnership firms in the Business of Manufacturing, Trading or Services
Documents required:
Proof of Identity & Address Proof: Passport / Voters ID / Driving License/PAN Card*/Aadhar CardorProofof possession of Aadhaar number(on Voluntary basis) / Photo /Driving License/ Voter ID/ Utility Bill (anyone (anyone which is not more than two months old of any service provider - electricity, telephone, post-paid mobile phone, piped gas, water bill)/ Registered Rental Agreement /Letter of allotment of accommodation from employer/ leave and license agreements with employers allotting official accommodation
Date of Birth Proof: Driving License / Pan Card / Passport Copy / Birth Certificate / 10th / 12th mark sheet bearing date of birth
Bank Statements: Latest statements / Bank passbook (updated within 90 days)
Latest ITR along with computation of income, B/S & P&L a/c for the last 2 years certified by a CA
Proof of continuation: Trade license /Establishment /Sales Tax certificate/ SSI Registration
Other Mandatory Documents (Sole Prop. Decl. Or Cert. Copy of Partnership Deed, Certified true copy of Memorandum & Articles of Association (Certified by Director) & Board resolution (Original).)
