`); // setTimeout(() => { // w.print(); // }, 1000) // w.document.close(); // return false; // }); // share_doc.addEventListener('click', () => { // share_url.style.display = 'block'; // }); function drawChartCustom(one, selElem) { var data = google.visualization.arrayToDataTable([ ['Task', 'Hours per Day'], ['Principal', 100 - one], ['Interest', one], ]); // Optional; add a title and set the width and height of the chart var options = { 'title': 'Total Payment Break-up', 'width': 200, 'height': 175 }; // Display the chart inside the
element with id="piechart" document.getElementById(selElem).innerHTML = ''; var chart = new google.visualization.PieChart(document.getElementById(selElem)); chart.draw(data, options); // console.log('done'); } const calculate_pl = () => { const interest = parseFloat(pl_loaninterest.value) / 1200; const loantenure = pl_loanyears.checked ? 'Y' : 'M'; const months = loantenure === "M" ? 1 : 12; // let term = loan.loanDuration * months; let term = pl_loanterm.value * months; const top = Math.pow(1 + interest, term); const bottom = top - 1; const ratio = top / bottom; const loanamountValue = pl_loanamount.value.replace(/[^\d\.]/g, ""); const EMI = loanamountValue * interest * ratio; const Total = EMI * term; const EMI_data = { EMI: EMI.toFixed(0), Total: Total.toFixed(0), total_interest: (Total.toFixed(0) - loanamountValue).toFixed(0), }; pl_k_emi.innerText = EMI_data.EMI; pl_k_pay.innerText = EMI_data.Total; pl_k_int.innerText = EMI_data.total_interest; const noOfMonths = parseInt(term); let listHtml = ``; let pr_val = loanamountValue; for (let i = 0; i < noOfMonths; i++) { const int_amt = pr_val * (parseFloat(pl_loaninterest.value) / 100) / 12; const pri_amt = EMI - int_amt; const bal_amt = pr_val - pri_amt; listHtml += `
`; pr_val = pr_val - pri_amt; } pl_emi_list.innerHTML = listHtml; // console.log("EMI", EMI_data); // const a = EMI_data.Total; // const b = EMI_data.total_interest; // const c = parseInt((b / a) * 100); // drawChart(c); return EMI_data; }; const calculate_cl = () => { const interest = parseFloat(cl_loaninterest.value) / 1200; const loantenure = cl_loanyears.checked ? 'Y' : 'M'; const months = loantenure === "M" ? 1 : 12; // let term = loan.loanDuration * months; let term = cl_loanterm.value * months; const top = Math.pow(1 + interest, term); const bottom = top - 1; const ratio = top / bottom; const loanamountValue = cl_loanamount.value.replace(/[^\d\.]/g, ""); const EMI = loanamountValue * interest * ratio; const Total = EMI * term; const EMI_data = { EMI: EMI.toFixed(0), Total: Total.toFixed(0), total_interest: (Total.toFixed(0) - loanamountValue).toFixed(0), }; cl_k_emi.innerText = EMI_data.EMI; cl_k_pay.innerText = EMI_data.Total; cl_k_int.innerText = EMI_data.total_interest; const noOfMonths = parseInt(term); let listHtml = ``; let pr_val = loanamountValue; for (let i = 0; i < noOfMonths; i++) { const int_amt = pr_val * (parseFloat(cl_loaninterest.value) / 100) / 12; const pri_amt = EMI - int_amt; const bal_amt = pr_val - pri_amt; listHtml += `
`; pr_val = pr_val - pri_amt; } cl_emi_list.innerHTML = listHtml; // console.log("EMI", EMI_data); // const a = EMI_data.Total; // const b = EMI_data.total_interest; // const c = parseInt((b / a) * 100); // drawChart(c); return EMI_data; }; const updatePL = () => { const loanObj = calculate_pl(); // console.log('loanObj', loanObj); const total = loanObj.Total; const interest = loanObj.total_interest; const intPer = parseInt((interest / total) * 100); // console.log('intPer', intPer); drawChartCustom(intPer, 'pl_piechart'); }; const updateCL = () => { const loanObj = calculate_cl(); // console.log('loanObj', loanObj); const total = loanObj.Total; const interest = loanObj.total_interest; const intPer = parseInt((interest / total) * 100); // console.log('intPer', intPer); drawChartCustom(intPer, 'cl_piechart'); }; // pl_loanamount.addEventListener("keyup", updatePL); // pl_loaninterest.addEventListener("keyup", updatePL); // pl_loanterm.addEventListener("keyup", updatePL); // pl_loanyears.addEventListener("change", updatePL); // pl_loanmonths.addEventListener("change", updatePL); // cl_loanamount.addEventListener("keyup", updateCL); // cl_loaninterest.addEventListener("keyup", updateCL); // cl_loanterm.addEventListener("keyup", updateCL); // cl_loanyears.addEventListener("change", updateCL); // cl_loanmonths.addEventListener("change", updateCL);
Eligibility Criteria
What you mean by business loan Eligibility Criteria?
Don’t have any collateral or assets to pledge, no worries while this type of facility allow you to get loan without providing any collateral. Get loan at attractive interest rates with flexible tenure, As well as the process is easier to obtain. You just need to check eligibility before proceeding further.
business loan Eligibility Criteria
There are some eligibility criteria you are required to have a look before applying for loan -
- • Applicant age should be in-between 25 to65 years
- • Your business should have minimum 3 years of continuity
- • You must filed ITR at least for the last 1 year
- • Positive cash flow out of operations in the organization
- • Business turnover must be audited by registered chartered accountant
Note: - You can get minimum 1 Lakh to maximum 5 Cr as a loan amount.
What are the factors generally affecting business loan Eligibility Criteria?
There are Top factors that generally affects loan Eligibility Criteria as given below-
Bad cash flow of company: - Usually, lender check your business liability & outstanding as it reflects the creditworthiness of company, if it seems like bad cash flow having then probably chances get lower.
Low credit rating: - Credit rating indicate company repayment capability as it consists of your past financial history of doing payments, have you recently missed any payment to do or made after the due date are the reason behind lowering credit rating which present a bad repayment capability & reduces the chances of getting loan.
What are the ways to increase business loan eligibility?
To increase business loan eligibility, you need to consider points as given below, this will aid you in increasing your eligibility level.
Business profitability: - Lenders want to know whether business gone through profit or loss in recent year to make sure your repayment stability as if your business generates sales & getting better revenue in past recent year, then it would be the plus point to fund you as the risk level seems NIL.
Good background of promoters: - In approving a business loan application, promoter background plays an important role in evaluating his/her past history, is there any criminal black mark having or not, If not then your chances increase her itself to be eligible.
Documents Required
INDIVIDUAL
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PHOTOGRAPHS 2
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PAN CARD COPY
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AADHAR CARD + PASSPORT
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ADDRESS PROOF IF RENTED ALSO REQUIRED PERMANENT ADDRESS PROOF
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LAST 3 YEARS FORM -16, ITR WITH COMPUTATION OF INCOME IF FILE
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LAST 1 YEAR BANK STATEMENT - SALARY ACCOUNT
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LOAN SCHEDULE & SANCTION LETTER (IF RUNNING)
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COMPLETE PROPERTY PAPERS WITH CHAIN & MAP +ATS
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PROCESSING FEE CHEQUE IN FAVOUR OF BANK
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LAST 3 MONTHS SALARY SLIP + APPOINTMENT LETTER
PROP FIRM
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PHOTOGRAPH BOTH
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PAN CARD CLEAR COPY PROPRIETOR
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ADDRESS PROOF (PASS PORT, VOTER ID CARD) PROPRIETOR
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OFFICE ADDRESS PROOF LATEST (ELECTRICITY BILL, TELEPHONE BILL)
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FIRM REGISTRATION CERTIFICATES & GST REGISTRATION COPY
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LAST 1 YEAR GST RETURN COPY
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FIRM 3 YEARS ITR COMPUTATION, PROFIT LOSS A/C, BALANCE-SHEET, TAX AUDIT REPORT, ALL SCHEDULED & ANNEXURE
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PROVISIONAL FINANCIAL AY 2019-20
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BANK ACCOUNTS (CURRENT ACCOUNT, CC ACCOUNT, OD ACCOUNT LAST 1 YEAR UPDATED)
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6 MONTH SAVING ACCOUNT STATEMENT UPDATED (PROPRIETOR)
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IF RUNNING ANY LOAN PLEASE PROVIDE SANCTION LETTER AND REPAYMENT SCHEDULED
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AGREEMENT TO SELL COPY
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PROPERTY PAPERS WITH CHAIN SANCTION MAP
PARTNERSHIP FIRM
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PHOTOGRAPH BOTH
-
PAN CARD CLEAR COPY PROPRIETOR
-
ADDRESS PROOF (PASS PORT, VOTER ID CARD) PROPRIETOR
-
OFFICE ADDRESS PROOF LATEST (ELECTRICITY BILL, TELEPHONE BILL)
-
FIRM REGISTRATION CERTIFICATES & GST REGISTRATION COPY
-
LAST 1 YEAR GST RETURN COPY
-
FIRM 3 YEARS ITR COMPUTATION, PROFIT LOSS A/C, BALANCE-SHEET, TAX AUDIT REPORT, ALL SCHEDULED & ANNEXURE
-
PROVISIONAL FINANCIAL AY 2019-20
-
BANK ACCOUNTS (CURRENT ACCOUNT, CC ACCOUNT, OD ACCOUNT LAST 1 YEAR UPDATED)
-
6 MONTH SAVING ACCOUNT STATEMENT UPDATED (PROPRIETOR)
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IF RUNNING ANY LOAN PLEASE PROVIDE SANCTION LETTER AND REPAYMENT SCHEDULED
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AGREEMENT TO SELL COPY
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PROPERTY PAPERS WITH CHAIN SANCTION MAP
PVT.LTD
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ALL DIRECTORS PHOTOGRAPH
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CLEAR PAN CARD - COMPANY AND ALL DIRECTORS
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ADDRESS PROOF – COMPANY AND DIRECTORS
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LIST OF DIRECTOR & SHARE HOLDER WITH CA CERTIFIED AS ON DATE
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MEMORANDOM ORDER IN HAND AND COMPLETE COPY (IF APPLICABLE)
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GST, SALE, VAT AND SSI REGISTRATION CERTIFICATE
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1 YEAR GST RETURNS
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ALL DIRECTORS INDIVIDUALS ITR & COMPUTATION LAST 3 YEARS
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LAST 3 YEARS COMPLETE FINANCIAL WITH TAX AUDIT REPORT AND ANNEXURE
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PROVISIONAL FINANCIAL FY 2019-20 OR MONTH WISE SALE FIGURE LAST 1 YEAR
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COMPANY ALL BANK ACCOUNT STATEMENT 1 YEAR UPDATED
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ALL DIRECTORS SAVING A/C STATEMENT 6 MONTH
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IF RUNNING ANY LOAN – LATEST SANCTION LETTER AND REPAYMENT SCHEDULED
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AGREEMENT TO SELL COPY
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PROPERTY PAPERS COMPLETE CHAIN WITH SANCTION MAP
FAQs
Frequently asked questions (FAQ) pages are Q&A-style pages that most brands build to answer queries that slip through the cracks. FAQs are targeted to give a complete sense of query satisfaction to the client.
What is the maximum tenure for Business Loan?
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The maximum tenure periodto repayprincipal amount is 7 years.
Can salaried are able to get Business Loan?
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No,Business Loan is specially designed for self-employed individuals.
What are the other charges applicable to Business Loan?
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- Processing fee
- Statement charges
- Late payment fee
- Stamp duty
- Foreclosure charges
- Partpre-paymentcharges
- These are the chargesapplicable to business loan.
How much processing fee is charged on Business Loan?
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Generally starting from 0.5% to 2.00% of loan amount is charged.
What is the minimum credit score required for Business Loan?
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Itis always recommended to maintain good creditscore. Agood credit scorehelpyou in getting more offers & negotiation in Interest Rates. Generally, score above 700 knowns to be good.
How much Business Loan can I get?
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You can availup to2croreon Business Loan.
What is Business Loan Interest Rate?
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Financeseva offer you the lowest Interest Rate starting 14.00% onwards.
What is Business Loan?
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This type of loan come under Unsecured Loan category where you don't have to pledge any Collateral/ Assets to get a loan and it is used forfuel new business setup or expand the existing business growth.
How to get Business Loan?
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The process of getting aBusiness Loan is much easier, firstly you have to search & compare offers from variouslenders. Once chosen visitnearest bank branch orofficial website requesting loan application fill it with required information submit with relevant document attaching shortly customer representative will contact you for further discussion.
