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BUSINESS LOAN IN SOLAN

Located in Solan and looking for a business loan to expand your business? Well, you are at the right place. Aavas Solan facility has been offering business loans in Solan since Oct 2017 now and thousands of Solan-based MSME units have benefitted with our easy loan process and fast disbursal system.


Irrespective if you already have a business unit in Solan or plan to start a new venture, Aavas Financiers Ltd. will ensure that all our business loan requirements are fulfilled in Solan Itself.


Our Solan facility is located at Mehta Complex, 1st Floor, Adjoining Tehsil Gate, Rajgarh Road, Solan -173212., you can just walk-in or you can call us at 1800-20-888-20 to find out more about eligibility criteria for a business loan. Or you apply online for an MSME loan at your convenience.

Documents required for taking MSME loan in Solan

ID PROOF Driving license, Voter id card, PAN card, Aadhar card, Passport
ADDRESS PROOF Driving license, Voter id card, PAN card, Aadhar card, Passport, Electricity Bill
BANK STATEMNT Account statement of last 2 months
INCOME STATEMENT Bank passbook, IT returns of last 3 years, Payslip of last 2 months, Certified  letter from the employer, Form 16
OWNERSHIP PROOF OF BUSINESS Office property papers, any government recognised certificates

Business Loan Eligibility Criteria

PROFESSION Self-employed individuals, Proprietors,  Private Ltd. Co. and Partnership Firms
AGE 21-67 years
MINIMUM INCOME 1.5 lakhs per annum
MINIMUM TURNOVER 10 Lakhs

Also, you can email us at [email protected], and our Solan-based representative will be in touch with more details like the existing business loan interest rates in Solan, the same will also help you in answering the questions like what should be minimum turnover to get a business loan in Solan, how long will it take to get the loan, list of documents needed to get MSME loan in Solan and any other questions which you might have.

We at AAVAS endeavor to provide best home loans options in Solan including

MSME Loan in Solan FAQs

What is the lowest interest rate on a business loan in Solan

The lowest interest rate on a business loan offered in Solan is 8.30% for all the leading banks in the city.

How long does it take to get a MSME loan in Solan?

A business loan in Solan can be availed within 48 hours after successful submission and filing of all necessary documents and meeting the eligibility criteria.

Are there any charges other than the interest rate that I have to pay to avail the loan?

There are other different types of charges required to be paid to avail of the loan like processing fees, application fees, administration fees, legal fees, etc.

How much is the minimum amount that can be borrowed as business loans in Solan?

The minimum amount of a Business loan that can be availed of is 10,00,000 where it changes according to the business professions and the organizations from which the loan is being availed.

Is EMI service available to pay small business loans in Solan?

Yes, EMI service is available to pay for Business loans in Solan. The amount of EMI may vary on the amount of loan, the tenure it has been taken, and the rate of interest.

How to apply for new business loan in Solan?

  • Filling the application form
  • Submission of necessary documents
  • Payment of processing fees
  • Procurement of loan disbursal papers

Msme Loan In Solan FAQs

A home purchase loan in Msme Loan In Solan can be availed in a few steps-

  • Fill in the application form of the organization you wish to take a loan from.
  • Submit all the necessary documents required- Residence proof, Photo identity proof, Income statement, Bank statement
  • Submit the documents of the property against which the loan has to be taken.

Home loan in Msme Loan In Solan disbursement is usually done in 15-30 days but it may take time if any of the documents are incomplete or has an error in it.

The minimum income requirement to get a home loan is 25,000. This amount varies according to different lenders and with different organizations.

The following documents are required to apply for a home loan-

  • Duly filled home loan application form with 2 passport size photographs
  • Identity proof (Aadhar card, PAN Card, Driving License, Passport or Voter ID Card)
  • Residence proof (Aadhar card, PAN Card, Driving License, Passport or Voter ID Card)
  • Original documents of the property against which the loan has to be taken.

Mehta Complex, 1st Floor, Adjoining Tehsil Gate, Rajgarh Road, Solan -173212

Toll Free : 1800-20-888-20

Apply For Loan

Loan Amount, i.e=1000000