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SCB Bank Businss Loans In Chennai

The SCB Business Loan in Chennai is one of the finest business loans to opt for. All the entrepreneurs out there will be able to widen their business spread with the collateral free loans. Apart from opting for business loans, the loan applicants will also be able to get guaranteed instalment loans, if chosen to take SCB Business Loan in Chennai.

The Business Instalment Loan (BIL) is available at 17.25% PA and the Guaranteed Instalment Loan (GIL) is available at 13.5% PA. The bank also offers special benefits for branch/direct non-referral sourced customers and also for Priority Sector Lending (PSL) customers. Hence, the easy way to find a strong financial support to your start-up or project launches is choosing SCB Business Loan in Chennai. We have discussed the prominent features, eligibility criteria and other key documents required to be eligible for SCB Business Loan in Chennai, in-detail.

However, before that, it is essential to know that availing professional loans is easier if the loan applicants sought the help of the best SCB Business Loan Dealers in Chennai. Here, the team of LoansBazaar who are also the top SCB Business Loan Agents in Chennai, comes into the scenario and provides the loan applicants with complete financial assistance.

SCB Business Loan in Chennai – Features

  • A high loan amount of up to Rs 75 lakhs is guaranteed to be provided as loan.
  • No collaterals or guarantors required for the Business Instalment Loan.
  • The loan process is quick and convenient.
  • The rates of interests are competitive and attractive. Especially, the customers of Priority Sector Lending (PSL) can avail special pricing benefits.
  • The flexible repayment tenure term is up to 60 months.

SCB Business Loan in Chennai – Eligibility Criteria

  • Self-employed individuals, proprietors, private ltd. co. and partnership firms involved in the business of manufacturing, trading or services.
  • A guaranteed annual turnover is expected from a loan applicant.
  • The business existence must be at least for 2 – 3 years.
  • The credit amount depends on the nature of the business and CIBIL score

SCB Business Loan in Chennai – Required Documents

  • An address proof of an individual like Aadhar card, voter’s ID, bank statement, registry copy, rent agreement, utility bills are required
  • The loan applicants should submit the complete ID proof details which can be either a voter ID, a driving license or a passport.
  • Business existence proofs such as PAN, sales tax/ excise/ VAT/ service tax registration, copy of partnership deed, trade license, certificate of practice, registration certificate issued by RBI, SEBI should be submitted.
  • Copy of Income Tax PAN for 24 months
  • Bank statement of last 6 months
  • The relevant financial documents that are to be submitted includes the last 6 months of bank statement, bank passbook, recent IT return with income computation and attested by CA, higher professional degree certificate as a qualification proof.
  • The PAN Card and Form 60 along with the business proof.