Kare Financial Services offers straightforward lending criteria for business loans, ensuring a hassle-free process with minimal requirements. Whether you're looking to expand your company, purchase equipment, or ramp up production, Kare Financial Services provides Business Loans in Bangalore of up to Rs. 1 crore, based on simple eligibility criteria. Enjoy competitive interest rates without the need to pledge any assets, and repay the credit over a fixed period. Discover more about our offerings below!
A Business loan serves as a specialized financial solution designed specifically for business needs. With Kare Financial Services, transparency and competitive interest rates are guaranteed, making our business loans among the best in Bangalore. Moreover, our loans don't necessitate any collateral. Before proceeding with a loan application, it's essential to carefully consider all aspects, including individuals involved, formalities, benefits, costs, and terms and conditions. Kare Financial Services partners with leading institutions such as HDFC, ICICI, and Kotak Mahindra Bank.
A business loan provides a sum of money intended to invest in either a new venture or an existing enterprise. Understanding how these loans function is crucial for both small and medium-sized enterprises (SMEs) as well as larger corporations. The duration of your loan depends on its type, with a tenor ranging from 3 to 4 years based on your selection. Kare Financial Services offers two types of business loans:
Term Loan :
- Repay the loan balance (principal sum + interest) in equated installments over the loan's tenor.
- Make partial prepayments, allowing you to pay off a portion of the debt before the EMI's due date.
Flexi loan facility :
- Access a designated Flexi loan with a pre-determined tenor from which you can withdraw funds.
- Monthly contributions cover only the interest portion of the loan, with the balance due at the term's end.
- Pay interest solely on the amount utilized.
- Withdraw funds as needed and prepay EMIs with no additional charges.
Benefits of Kare Financial Services Business Loans :
Kare Financial Services empowers you to adapt your business strategies to today's dynamic work environments. Here are some advantages of obtaining a business loan from Kare Financial Services :
Faster processing means quicker credit for your business, enabling you to seize opportunities promptly and expand your market potential.
Our unsecured business loans ensure that you retain ownership without risking valuable assets or surrendering company shares.
By reporting loan accounts to all credit bureaus, our business loans help enhance your business credit score, especially beneficial for businesses facing recent credit score drops due to market conditions.
Documents Required for Application :
To proceed with your application, you'll need the following documents :
- Proof of identity (PAN Card, Passport, Aadhaar, etc.)
- Address proof (Aadhaar, voter's ID, passport, driver's license, etc.)
- Completed and signed application form
- Bank statements from the last few months
- Proof of income (IT returns)
- Proforma invoice or rate list
Know your application status within 24 to 48 hours.
Business Loan Beneficiaries :
- Self Employed Professionals (SEP) : Allopathic physicians, chartered accountants, business secretaries, and architects in active practice.
- Self Employed Non-Professionals (SENP) : Traders, suppliers, dealers, business owners, and service providers.
- Entities : Partnerships, limited liability partnerships, private limited companies, and closely held limited companies, with other constitution forms considered case-by-case.
Kare Financial Services, in collaboration with 45+ banks in Bangalore, offers various loan options. Consider State Bank of India, ICICI Bank, HDFC Bank, and SBI Bank for different interest rates. Conduct thorough research before applying for a loan, assessing your repayment capacity and exploring available options. Remember to use a business loan EMI calculator to determine the most suitable loan term and interest rates for your needs. Ensure timely EMI payments to avoid any adverse effects on your credit score.