Who could be eligible for a Business Loan?

Are you thinking of availing a business loan anytime soon? Browse through our business loan eligibility criteria mentioned below, to make sure your business loan is approved at the very first go:

• The applicant has to be in business for last 3 years with a minimum turnover of Rs.40 Lakhs
• The business must have generated profit for a minimum of 1 year
• The applicant should be a Sole Proprietor / Partnership firm / Private Ltd Co. / Trust / LLP involved in the business of Manufacturing, Trading or Services
• The main applicant should be minimum of 25 years of age & should be no older than 65 years at the time of loan maturity.

Check out the criteria for business loans eligibility to know more.
 

What are the fees and charges associated with Kotak Business Loans?

• Processing fees: Maximum 2% of the loan / facility amount (Plus GST)
• Documentation Charges:
  • Loan amount less than 10 Lakhs – Rs.3500/- (Plus GST)
  • Loan amount greater than 10 Lakhs – Rs.6000/- (Plus GST)

Check out the business loan rates for availing the business loan.
 

How much EMI do I have to pay for a Business Loan?

To know how much EMI you would have to pay every month, try our easy-to-use business loan emi calculator. Simply enter the following details & Know your EMI:

• Loan Amount
• Desired Interest Rates (%)
• Tenure in Years/Months
   

Name *

First

Last

Email *

Contact No *

Business Loan *Business Loan

Business Name *

Annual Turnover *

City *

State *

Message

Submit

Loan Amount:

Interest Rate %:

Tenure:

MONTHS YEARS

Find EMI Reset

EMI :	0 ”₹”
Total Interest Payable :	0 ”₹”
Total of Payments (Principal + Interest) :	0 ”₹”