business loan in chennai for PROPRIETOR SHIP
| Turn Over | Min 40L |
| Net profit | Min 1.5 L |
| Business Stability | 5 Yrs |
| Rate of Interest | 14% to 18 % |
| Eligibility Calculation | |
| CASH FLOW | Net profit- Tax + 50% of Deprecation = CASH FLOW |
| DSCR | Existing Loan Emi * Remaining Months or 12 Months |
| Eligibility Criteria | DSCR/CASH FLOW = 1 % and Above |
| Multiplier Calculation | Eligibility Criteria * 1.75 |
| Document Required | |
| (1) 2 yrs I. T Including TDS amount Mentioned -TDS certificate (Form 16 ) | |
| (2) 6 Months COMPANY'S Current Account Bank Statement | |
| (3) Loan Schedules | |
| (4) Business Continuity Proof | |
| (5) Identity Proof- Passport/ Driving License/PAN card/ Voters Id (Anyone of the above) | |
| (6) Age proof- PAN Card/ Passport/ Driving License / School leaving certificate/ /Birth Certificate/ (Anyone of the above) | |
| (7) Address Proof-Passport/ Telephone bill (BSNL/MTNL) / Electricity bill / Rental agreement / Driving license / Bank Statement With Address page / Election ID card/ Postal Id Card/BB BILL/Ration Card/Gas Bill With Agreement Book/ P | |
| (8) Own house proof- Either Shop or Residence - Document- EB Card / TAX Receipt |
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