Being the capital of Tamil Nadu, Chennai is the hub of commercial activities in South India. The city houses large industries in the automobile, software, medical, and tourism sectors and has been ranked one of the most productive metro regions in India. The scope of commerce in Chennai is immense, and as a result, more and more businesses are coming up in the area.
Such robust industrial growth demands reliable institutions that lend easy loans to the city’s small businesses to assist them in reaching new heights, and our institution is here to do exactly that. Discussed below are the benefits of taking a business loan in Chennai.
Benefits of taking a business loan in Chennai
Easy accessibility – Loans are highly accessible in Chennai, owing to the presence of multiple financial institutions that offer loans with minimal documentation and quick approval rates.
Opportunity for expansion – With the availability of unsecured business loan, you can expand your business into a large-scale organization, or invest in multiple sectors to gain great returns.
Digital availability – Institutions in Chennai offer online loans to eradicate the hassle of seeking loans via traditional methods. In the early ages, borrowers needed to physically visit lenders or institutions and undergo lengthy procedures to be granted a loan. In recent times, however, private finance companies in Chennai such as ours have made online loans accessible to benefit busy business runners.
Convenient repayment – Financial institutions such as HFS allow borrowers the privilege of repaying loans according to their convenience. The flexible tenures and affordable business loan interest rate found in the city makes it easy for businesses to operate without any worries.
Why choose HFS?
HFS aims to assist entrepreneurs and businesses in Chennai in reaching unparalleled extents of growth and contributing significantly to the betterment of commerce in South India.
- Our 3-step process enables you to get a speedy business loan in Chennai without having to wait for long periods.
- Our institution guarantees complete transparency every step of the way. We provide documents for every transaction and charge no hidden or additional costs.
- We are one of the most esteemed private finance companies in Chennai to provide business loans without collateral.
- We allow large amounts for an unsecured business loan in Chennai that enables you to revolutionize your business as per your goals
Eligibility criteria for a business loan in Chennai
To qualify for HFS’ business loan eligibility, you need to meet the following criteria:
- Be in business for min 3 years
- Make monthly sales for a minimum of INR 2,00,000
- Proprietors, Partnership firms, Private Limited companies, and one-person companies are all eligible for business loans at HFS
Documents required to receive a business loan in Chennai
To tap into HFS’ unsecured business loan in Chennai, organizations need to provide the following documents:
- Proof of identity (PAN card/ Aadhaar card)
- Proof of Address (Rent document/ Voter’s ID/ Ration card/ Passport)
- Recent bank statements of the past 6 months
- Business documents such as GST Registration Certificate, Shops & Establishment Certificate, and Business PAN card
- Copy of partnership deed in the case of partnership firms
By providing these documents, you can avail a business loan online from our institution. HFS is one of the best private establishments in India to provide large loans with flexible tenures and speedy approvals.
We value every business be it big or small with equal importance and have lucrative options to benefit each. With us by your side, you can put all your time and effort into growing your business and achieve great success in your professional life.
If you are looking for a loan for your business, give us a call and we will be available at your service right at your doorstep.