The Kannur Dist. Ex-servicemen Multipurpose Co-op: Society Ltd. provides its customers with a wide range of facilities to meet their needs. Every facility has been meticulously planned and provided to ensure that they make the most of them. Not to mention the efficiency with which these facilities are provided and implemented. Take a look at the services we provide:
Business Loan
We have introduced business loans for society members. We provide loans that can be used to cover both planned and unanticipated business expenses. It is a type of unsecured borrowing that you can obtain without putting up any security. By meeting the simple qualifying conditions, you can obtain a business loan of up to Rs. 2 lakh. A list of documents as verification of your business will thereafter be required to be submitted. Your application has been approved, and the loan amount has been deposited into your bank account. Period of loan is 12 months to 16 months.
Society seek two loan guarantors when taking business loan . This is a regulation which the Society needs to follow. So, before you agree to be a loan guarantor, it is important to understand all the terms and conditions for the same.
Documents required for a business loan
KYC Documents – Aadhar card, PAN card, voter ID card, driving licence or any other government-approved KYC document
Address – Documents such as your electricity bill, ration Card, or passport may be used as proof of address
Financial Documents – Copy of your GST returns, bank account statement, , IT Return and other financial documents
Proof of Business Ownership – The registration documents for your business