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Top Banks

Hdfc Bank

Loan Amount*

Rs.40L

Int.Rate*

10.35%

Loans approved

4.9
1,39,865

Max Tenure

12 - 60 months
Icici Bank

Loan Amount*

Rs.40L

Int.Rate*

10.35%

Loans approved

4.9
80,112

Max Tenure

12 - 60 months
Axis Bank

Loan Amount*

Rs.40L

Int.Rate*

10.50%

Loans approved

4.8
78,241

Max Tenure

12 - 60 months
Idfc Bank

Loan Amount*

Rs.40L

Int.Rate*

10.49%

Loans approved

4.8
72,996

Max Tenure

12 - 60 months
Yes Bank

Loan Amount*

Rs.40L

Int.Rate*

10.75%

Loans approved

4.7
64,585

Max Tenure

12 - 60 months

SCB Bank Businss Loans In Chennai

The SCB Business Loan in Chennai is one of the finest business loans to opt for. All the entrepreneurs out there will be able to widen their business spread with the collateral free loans. Apart from opting for business loans, the loan applicants will also be able to get guaranteed instalment loans, if chosen to take SCB Business Loan in Chennai.


The Business Instalment Loan (BIL) is available at 17.25% PA and the Guaranteed Instalment Loan (GIL) is available at 13.5% PA. The bank also offers special benefits for branch/direct non-referral sourced customers and also for Priority Sector Lending (PSL) customers. Hence, the easy way to find a strong financial support to your start-up or project launches is choosing SCB Business Loan in Chennai. We have discussed the prominent features, eligibility criteria and other key documents required to be eligible for SCB Business Loan in Chennai, in-detail.


However, before that, it is essential to know that availing professional loans is easier if the loan applicants sought the help of the best SCB Business Loan Dealers in Chennai. Here, the team of LoansBazaar who are also the top SCB Business Loan Agents in Chennai, comes into the scenario and provides the loan applicants with complete financial assistance.

SCB Business Loan in Chennai
Features

  • A high loan amount of up to Rs 75 lakhs is guaranteed to be provided as loan.
  • No collaterals or guarantors required for the Business Instalment Loan.
  • The loan process is quick and convenient.
  • Sector Lending (PSL) can avail special pricing benefits.
  • The flexible repayment tenure term is up to 60 months.

SCB Business Loan in Chennai – Eligibility Criteria

A guaranteed annual turnover is expected from a loan applicant.

Self-employed individuals, proprietors, private ltd. co. and partnership firms involved in the business of manufacturing, trading or services.

The business existence must be at least for 2 – 3 years. The credit amount depends on the nature of the business and CIBIL score

SCB Business Loan in Chennai – Required Documents

Salaried Self-Employed
ID Proof - Passport, PAN Card, Voters' ID, Aadhaar Card, Driving License ID Proof - Passport, PAN Card, Voters' ID, Aadhaar Card, Driving License
Address Proof - Passport, Aadhaar Card, Driving License Address Proof - Passport, Aadhaar Card, Driving License
Salary slips - (For three months), Bank statements for last 6 months Salary slips - (For three months), Bank statements for last 6 months, Proof of Business existence, Maintenance and Electricity Bills, Last 2 years Income tax returns of the applicant, Copy of GST registration for business
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