which nationalised bank issues business loans ?

I want to start a business. I want to know which nationalised bank(s) issue business loans. I am not an income tax assessee. will I be able to pledge my house to get a loan ?

3 Replies to “which nationalised bank issues business loans ?”

  1. There are many kinds of business loans…
    banks and other private organisations fund for all sorts of business aspects….
    is it for your existing business or to start a new one??
    The basic things that the banks look out from loan seekers is…their loan repayability…
    and the credit worthiness that u have….
    u have to give details like why do u want a loan?
    business loans comes under commercial finance..so for which business u want that loan??(coz banks will not give loans to all kinds of business) they never take risk on non profitable business..
    how much loan u want?
    how can u repay that money??
    what is your net wort( all the fixed and movable assets that u have including your investments)
    what is your current liability( loans if u have any..like a housing loan or a personal loan, vehicle loan etc)
    what are your earning?? how much do u earn?? and how much do u need for running your life and business…..
    your business background ..if u have any???
    as far as my knowledge is concerned…getting a loan from banks is not that easy for business start up..and if are are a new guy..
    as i feel that u are new to it( as u said u are not a tax payer..and not even filed for it) the chances of getting a loan for u is very difficult..one more things is i think it is compulsory to show them your income tax returns for availing loan.
    still u can try..if u have some known people in key positions in a bank( like a branch manager)..
    hope this information is helpful…
    i wish u good luck..!!!!!!!!!!

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