Business Badhe. GoFinance Ke Saath.

Paperless process

No collateral needed

Apply for Business Loan

Business Badhe. GoFinance Ke Saath.

Paperless process

No collateral needed

Apply for Business Loan

Business Loan in Naranpura

Naranpura in Ahmedabad is an area which shows high potential for business growth and expansion in the food and retail sector. In the food sector, the fast-food franchises and local eateries are experiencing growth. Naranpura is a mixture of commercial and residential areas, and it also presents opportunities for retail and services. Since Naranpura is a mixture of commercial and residential areas, apart from the food business, there is a scope for the retail and services sector to also develop in the clothing, electronics, daily needs in retail and salons, repair shops, education centres, etc.

The locals of Ahmedabad give first preference to GoFinance’s business loan in Naranpura. They prefer GoFinance because of the straightforward business application procedure. GoFinance also ensures that if you choose us as your business loan partner, then be assured of getting a seamless and hassle-free experience from start to finish.

Features and benefits of Business Loan in Naranpura

The city of Ahmedabad has a well-developed infrastructure, and the connectivity to and from the city is also easily available through airways, roadways and railways.  Having a fully functional railway and airport, Ahmedabad is easily accessible for business startups, tech companies and retailers too. Naranpura is an attractive location for trade and commerce.

Immediate Capital

Within 48-72 hours of applying for a loan, the amount will be deposited in your account

Minimal Documentation

Unlike traditional loans and their process of application, GoFinance provides paperless loan application features and minimal documentation.

Loan for MSME businesses

GoFinance provides loans for small and medium-sized enterprises. While applying for a loan, keep all the documents handy.

Interest Rates

GoFinance gives business loans at competitive interest rates.

Personal Loan EMI Calculator

Business Loan EMI Calculator

₹5,00,000
8.50%
60 Months (5 Years)
(5 Years)
RESULTS
Equated Monthly Installment (EMI)
₹10,138
Total Interest Payable: ₹1,08,280
Total Payable Amount: ₹6,08,280
Principal Loan Amount
Total Interest (₹1,08,280)

Eligibility Criteria for Business Loan in Naranpura

The basic qualifications needed to apply for a business loan in Naranpura are as follows: 

The company or enterprise should have been operating for more than a year as of the date of application.

There should be a minimum turnover of INR 50,000 in the last six months.

The actual address of the business should not be in an unserviceable area.

The business should not come under any blacklisted category.

The business should not be a charitable trust, an NGO or a trustee group.

Documents needed for Loan Application

At Go Finance, we believe getting a loan should never be hard or confusing.

GoFinance is a financial institution that believes in delivering quick results by approving your loan within the first 48-72 hours of the loan application submission. GoFinance ensures that you do not have to worry about the timely payments to different vendors, and just focus on your business and its growth. 

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The first important document is the KYC document, which includes the identity proof of the borrower and all other partners involved.

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A PAN Card of the borrower and all the other borrowers is a necessary document.

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The last 6 months of bank statements of the business’s operative bank account.

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Proof of Business Registrations.

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All the other proofs, which may be needed during the processing of the loan request and also to see the credit assessment.

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If your business is a partnership business, then the documents needed would be the Deed copy and the Business’s PAN Card copy.

Business Loan in Naranpura Fees & Interest Rate

The interest rate and processing fees of business loans in Naranpura are priced at competitive and attractive interest rates in comparison to the market price. GoFinance charges a minimal price. You do not have to worry about repaying more. 

Business Loan Amount Up to

INR 50 Lakhs

Rate of Interest

5% to 40% (under GST 2.0, and also depends on the business loan amount).

Loan Processing Charges

5% or 18% + GST (under GST 2.0).

NACH/E-MANDATE Bounce charges

Up to INR 2500 + GST (if applicable).

Why select an Unsecured business loan in Naranpura?

An unsecured business loan in Naranpura is for those business owners or startup owners who do not have enough assets to attach as collateral with a business loan they are applying for. There are various other reasons why they apply for an unsecured loan:

Steps to apply for a business loan in Naranpura

GoFinance’s business loan in Naranpura is now available online. Follow the given steps to apply for a business loan in Naranpura:

Visit the official website of GoFinance and then click on Business loan

Click on “Apply Now” and start applying for a business loan.

Complete the loan application and attach all the needed documents.

Click on the “Submit” button and wait for approval.

GoFinance will go through the loan application and approve the loan.

Once the approval is done, the loan amount will be credited to your account within 48-72 hours of the loan application.

FAQs on Business Loan in Naranpura

You can apply for a 0% interest rate on a business loan when you have a CIBIL score of more than 700.

A business loan is needed by the business owners to expand their business, buy new machinery or inventory, or even to pay off their old debts.

 GoFinance applies an interest rate in the range of 10% to 30%, depending on the type of business loan you apply for.

GoFinance provides various types of business loans, like term loans, SME loans, short-term loans, unsecured and secured loans, etc.

If you are consistently defaulting on your payments, then it will affect your CIBIL score. If you have defaulted on your payments once for any reason, then you will be charged a penalty, and it may also affect your CIBIL score negatively. 

The other loans that are offered by GoFinance are car loans, personal loans, education loans, loans against property, etc.

Stay Informed, Stay Ahead

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