IBL (Individual Business Loan)
Individual Business Loans from Centurion Financial are designed to fuel your efforts in giving shape to your business aspirations. We offer small business loans especially crafted for small and micro enterprises, because their financing needs are unique. These loans are perfectly suited to your requirements and financial quotient. Whether you are looking to boost capital for an existing Business or an expansion plan, we make it happen for you through our Individual Business loans.
Our financial solutions are designed to meet the individual needs of firms in Variety of Business and Sectors that have a promising future in the current market and Certain features of our small business loans will benefit your business in the long run too. These features include higher loan eligibility, flexibility of loan tenure and convenient EMI payment options.
- Speedy loan processing
- Loans upto 75 lakh*
- Repay with easy installments
- Simple documentation
- Door-to-door Service
- Topping up the existing loan
- Excellent customer service
Business installment loan can be availed by engaging the small enterprise segment across the following industries:
- Retail & Wholesale trade
Who should apply
- Self employed individuals
- Sole proprietorship firms
- Partnership firms
- Private limited companies and closely held limited companies
- Working Capital
- Inventory Purchase
- Business structure renovation
- Machine purchase
- Business investment/expansion
Loans - Documentation
- Application form
- Passport copy / PAN Card / Ration card
- PAN Card
- Profile of the establishment
- Name, residence, identity, signature and contactability proof & latest photo (KYC)
- Office address proof
- Passport sized photographs of all co-applicants
- Repayment track record of all loans for last one year
- 6 months bank statement of main operating account
- All loans will be at the sole discretion of Centurion Financial.
How it works
The individual Business loan process is simple and convenient. To begin you simply complete an application online or submite at Branch, you will then receive a Faster response as to whether or not you have been approved. Once approved funds are allocated to your bank account. The entire process can be completed within Two Working Day.
We like things to be simple. There are no surprises or uncertainties regarding our service. Everything is clear and easy to understand. The details of the process are summarised below:
- Sanctioning of the loan
IBL Loans - FAQs
Who can avail of Individual Business Loans ?
Self-employed in the age group of 24 to 65 years (at the end of the loan tenure). & Partnership Firms .
How much finance can I avail of ?
You can borrow up to 75 Lakh based upon your loan eligibility.
What are the tenure options?
Business loans range from a minimum of 3 months up to a maximum of 4 years.
How long will it take to process the loan?
Loans are processed within 2 working days of completing the documentation.
Do I need a guarantor?
For sole applicant - one adult family member to be co-applicant. Partners will be taken as co-applicant in case of Partnership.
Do I have the option of pre-paying the entire loan amount?
Yes. One can pre-pay the loan at any time after 1 months of availing of the loan. Foreclosure charges would be applicable.
What are the stages involved in availing a loan?
The stages involved are:
- Sanctioning of the loan