PERSONAL LOAN, NRI PERSONAL LOAN
Get a step closer to your dreams and goals by availing our Personal Loans and meet your financial needs. You can avail a personal loan to meet unexpected expenses, a dream holiday, school or college fees, wedding expenditure, home improvement expenses or even purchase of consumer durables.
Minimum Annual Average Balance (AAB) of Rs. 20,000/- (not applicable to salaried customers maintaining salary account customers maintaining pension account) and Minimum Annual Net Income (ANI) of Rs. 1,80,000/-.
With simplified documentation and speedy approvals, getting the loan couldn't get easier.
Why take a Business Loan from Vel Associates?Whatever be your need we have a loan for you. Over the years we have won the trust of our customers and have become market leader in loan products. Enjoy triple benefits when you take a Loan from Vel Associates: Faster loan - Our loan sanction and disbursal is one of the quickest with easy documentation and doorstep service. Competitive pricing - Our loan rates and charges are very attractive Transparency - All charges are communicated up front in writing along with the loan quotation
Eligibility Criteria & Documentation for Business Loan
Get details on eligibility criteria & documents required for Vel Associates Business Loan
Self Employed including Individual Proprietors, Private Ltd. Co. and Partnership Firms involved in the Business of Manufacturing, Trading or Services.
- Minimum Turnover of Rs. 40 Lakhs.
- Years in business: Minimum of 3 years in current business and 5 years total business experience
- Business must be profit making for the last 2 years
- Minimum Annual Income (ITR): Rs. 1.5 Lakhs p.a.
- Age of Applicant: Min 21 years & Max. 65 years at the time of loan maturity.
Documents you will need to submit:
- PAN Card - For Company /Firm/ individual.
- Proof of your identity: Copy of Aadhaar Card/Passport/Voter's ID card/Pan Card/Driving License.
- Proof of your address: Copy of Aadhaar Card/Passport/ Voter ID-Card/Driving License.
- Bank Statement (latest 6 months)
- Latest ITR along with computation of income, Balance sheet and Profit & Loss a/c for the last 2 years. Financial should be CA Certified /Audited.
- Proof of continuation (ITR/Trade license /Establishment /Sales Tax certificate)
- Other Mandatory Documents (Sole Prop. Declaration Or Certified Copy of Partnership Deed, Certified true copy of Memorandum & Articles of Association (certified by Director) & Board resolution (Original)
Loan at the sole discretion of Vel Assolciates.
Loan Amount Min. 50,000 to 25,00,000.
* Conditions Apply.