Uploaded on Jun 17, 2023
Planning to grow your small business? Business loans can be helpful. A business loan aids you in growing and taking your small business to the next level. Contact Peerless Finance today and learn why small companies are choosing business loans as a funding solution for their business.
Grow your Small Business with Peerless Finance Business Loan
GROW YOUR SMALL BUSINESS
WITH PEERLESS FINANCE
BUSINESS LOAN
ABOUT US
Peerless Financial Services Ltd., is a subsidiary of
The Peerless General Finance & Investment Co. Ltd.
(PGFI),. Established in 1988. Peerless Finance is a
Non-Banking Finance Company (NBFC), registered
with the Reserve Bank of India (RBI).
Peerless Finance is driven by a commitment to keep
its promises. To this direction, it provides
Simplifinance – that is simple & timely finance - to its
customers. At the same time, the Company promotes
ease of doing business.
If your business needs a business loan instantly with less documentation
then an unsecured loan can be an excellent option. They have a lot of
benefits over secured loans.
Here are some reasons why unsecured business loans are preferred over
secured ones:
• Fast Approval: When applying for an unsecured loan, you need
minimum documents, the verification process is short and you get
approval quickly. In addition, there are minimal eligibility criteria that
you need to meet. This ensures that your company does not get
rejected for the loan.
• Small Tenure: When applying for an unsecured small business loan,
repayment is done in a short time because the loan amount is small. It
ensures that you can be free from the burden of repayment quickly and
can concentrate on the expansion of your small business.
• No Assets Required: When you are starting in the business world, it can
be difficult to provide assets when taking a loan. But with unsecured
loans, providing an asset is not required which makes things very easy
for borrowers. This makes unsecured loans attractive for new business
owners.
• Interest Rates: The interest rates you get on unsecured loans are highly
competitive. This ensures that you get the lowest interest rates on your
loans. Low-interest rates can help you focus on your business without
worrying about the increase in expenses due to interest rates each
month.
SOME FEATURES ARE AVAILABLE AT
PEERLESS FINANCE FOR A BUSINESS LOAN
• Reasonable Interest Rate: Interest rate starting from 20% p.a.
• Loan Up To 1 Crore: A high amount can ensure you cover all
the expenses you may need.
• Flexible Tenure: Choice of repayment up to 36 months
(unsecured)
• Top-Up Facility: Top-up facility available on review post 6
months
• OD / Term Loan: Multi Modes Loan availability - Term, Dropline,
OD facilities.
DOCUMENTS REQUIRED FOR A SMALL
BUSINESS LOAN AT PEERLESS FINANCE
For Proprietorship:
• KYC documents of Promoter and Co-
Applicants
• Pan Card
• Last 3 years Financials with Audit Report
• Last 6 Months Bank Statement
• Existing facility Sanction Letter/ Repayment
track record of the existing loan, if any.
• Details about the funding requirement/ project
reports.
SOME DOCUMENTS FOR A SMALL BUSINESS LOAN AT PEERLESS:
For Partnership Firm:
• Registered Partnership deeds
• KYC of all Partners
• Pan card of Firm
• Last 3 years Financials with Audit Report
• Last 6 Months Bank Statement
• Existing facility Sanction Letter/ Repayment
track record of the existing loan, if any.
• Details about the funding requirement/ project
reports.
DOCUMENT LISTS REQUIRED FOR A SMALL BUSINESS LOAN
For Companies:
• Memorandum of Association (MOA)/ Article of Association
(AOA)
• Latest Shareholdings
• KYC of Directors
• Pan Card of entity
• Declaration that the proposed borrowing is within the limit
prescribed as Sec 293 (1) (d) of the Companies Act 1956,
(only for Public Limited Company)
• Last 3 years Financials with Audit Report
• Last 6 Months Bank Statement
• Existing facility Sanction Letter/ Repayment track record of the
existing loan, if any.
• Details about the funding requirement/ project reports.
CONTACT US
8336922525 facebook.com/PeerlessFinance
[email protected] instagram.com/peerless_finance
m
peerlessfinance.i twitter.com/PeerlessFinance
n
Peerless Bhavan,3,
linkedin.com/company/peerless-
Esplanade East, Kolkata
financial-services-limited/
-700069
THANK YOU
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