INTRODUCTION
“ FUEL UP YOUR BUSINESS WITH PRIDE BUSINESS LOANS! ”
We take great pride and effort in ensuring that business owners and entrepreneurs meet their business goals by offering them the best possible financial solutions. Business loans allow you to usher in funds for your enterprise to expand your existing business, boost production, take your operations online, buy new machinery and more.
The quick infusion of cash through business finance enables you to make necessary purchases and payments on time ensuring smooth business functioning. ISILA offers customized business loans for small and medium businesses of our Members.
| Key Features |
Repayment Options |
Rate of Interest |
- Minimal paperwork and easy documentation
- Convenient and Hassle free processing
- Quick and easy loan disbursement
- Transparent services and no hidden cost
- Direct funding without any intermediary
- Low-interest rates with customized repayment options
|
- Repayment during the loan tenure.
- Payable in equal, easy and affordable monthly instalments
|
- Low Interest rate*
- Processing Charges levied @ 2%
- In case of non-payment of the instalment, penalty interest @ 3% extra would be levied to the member.
|
Eligibility Criteria
- Any individual who is an active member of ISILA
- Business must be in profitable condition for last three consecutive years
- Business turnover must show an upward trend
- Balance Sheet must be audited by a registered Chartered Accountant
| Documentation Requirements |
- A duly filled loan application form
- Latest Passport size photograph
- KYC Documents (Pan Card/ Registration of Incorporation/ Memorandum & Articles of Association documents)
- Business Proof (copy of ownership papers, trade license/ Sales Tax Certificate/Partnership Deed, if applicable/Sole Proprietorship declaration)
- Income Proof (ITR Receipt of last 3 years, balance sheet and profit & loss statement of past two years)
- Current Loan Repayment Schedule (if any)
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Terms & Conditions Apply
To know more visit your Member Service Centre
