As the name suggests, a Business loan is a short term financial instrument which is exclusively designed for the business purposes and is advanced to the self-employed proprietors as well as other legal entities such as partnerships, private and public limited companies. A Business Loan can thus be utilized for various business reasons such as to maintain business operations, invest in the equipment, set up a new branch and so on. Business loans are usually lent based on the business turnover and the IT returns filed for 2 or 3 years.
The purpose of this article is to make the reader aware of the cities where one can get business loans easily.
BUSINESS LOAN IN DELHI
Delhi has multiple banks which offer business loans such as HDFC Bank, ICICI Bank, Kotak Bank, Axis Bank and much more. There are also multiple NBFCs such as Bajaj Finserv, Fullerton, Tata Capital etc. which offer unsecured business loans according to the borrower’s profile.
If one needs a business loan in Delhi, Noida or Gurgaon then one can approach banks and NBFCs like HDFC, ICICI, Axis, Kotak, Bajaj Finserv, Tata Capital and Fullerton. One can also avail business loans from a variety of the private lenders in the market who can dole out quick and instant loans to finance one’s immediate requirements.
BUSINESS LOAN IN MUMBAI
A business loan in Mumbai can thus be obtained from almost all the major banks and the financial institutions like the HDFC, ICICI, Axis, Kotak, Bajaj Finserv, Tata Capital and Fullerton. Apart from this, there are however a lot of big and the small private lenders who thus would be willing in order to advance quick and short-term business loans.
Banks and NBFCs offering business loans in Mumbai
HDFC Bank – is the largest private sector bank in the country and it operates from approximately 195 branches in Mumbai alone.
ICICI Bank - is the second largest private sector bank in India which has approximately about 187 full and part service branches in the city of Mumbai.
Axis Bank - is the third largest private sector bank in the country and it operates about 136 branches in the city of Mumbai
Kotak Bank - is a large bank in the private sector which however works in about 106 branches in the city
Citibank - is operating out of about 5 branches in the city of Mumbai
Bajaj Finserv – is one of the largest NBFCs in India with 7 branches in the Mumbai city
Tata Capital – is thus again a well-known NBFC with however about 7 branches in Mumbai
Fullerton - services the entire city of Mumbai however through their 4 branches.
BUSINESS LOAN IN BANGALORE
All the major banks and NBFCs provide a business loan in Bangalore including HDFC, ICICI, Axis, Kotak, Bajaj Finserv, Tata Capital and Fullerton. Apart from this one can however also access the private lenders and the private financiers for a business loan.
BUSINESS LOAN IN AHMEDABAD
The Banks and the NBFCs which are however offering the business loans in Ahmedabad
HDFC Bank – operates in Ahmedabad from approximately 87 branches.
ICICI Bank – operates from approximately 48 full and part service branches in the city of Ahmedabad.
Axis Bank – operates about 39 branches in the city of Ahmedabad.
Kotak Bank – works in about 41 branches in the city
Citibank – operating out of 1 branch in the city of Ahmedabad
Bajaj Finserv – has 1 branch in Ahmedabad
Tata Capital – has 2 branches in Ahmedabad
Fullerton – however, services the entire city of Ahmedabad through their 3 branches
BUSINESS LOAN IN HYDERABAD
As a different channel, there are also many private lenders or private financiers who give out short-term business loans in Hyderabad. They might be lenient in their criteria as it is compared to banks or the other financial institutions while considering one’s eligibility. The private sector banks/NBFCs which extend business loans include HDFC, ICICI, Axis, Kotak, Bajaj Finserv, Tata Capital and Fullerton.
Banks and NBFCs offering business loans in Hyderabad
HDFC Bank –operates in Hyderabad from approximately 75 branches
ICICI Bank - has approximately 59 full and part service branches in the city of Hyderabad
Axis Bank – operates about 44 branches in the city of Hyderabad
Kotak Bank – works in about 21 branches in the city of Hyderabad
Citibank – runs out of 1 branch in the city of Hyderabad
Bajaj Finserv – has 1 branch in Hyderabad city
Tata Capital – has 2 branches in Hyderabad
Fullerton – services the entire city of Hyderabad through its 3 branches