Expanding the factory, buying machinery, or bridging a working-capital gap — a term loan gives your business a fixed amount with a clear EMI schedule, so you plan repayments with confidence instead of revolving limits.

★ Best suited for
1. Working capital, business expansion, machinery purchase, and equipment finance.
2. Defined purpose with fixed disbursement — unlike overdraft or cash credit limits.
3. Secured or unsecured options depending on collateral and lender policy.

★ What lenders look at
1. Business vintage, annual turnover, profitability, and 12-month banking conduct.
2. Existing loan obligations and CIBIL profile of proprietors, partners, or directors.
3. Loan amount and rate vary across banks and NBFCs — comparison is essential.

★ Documents and timeline
1. KYC, last 2–3 years ITR, balance sheet, P&L, GST or business registration, and bank statements.
2. Processing typically takes a few working days after complete file submission and verification.
3. We prepare the file correctly the first time to avoid back-and-forth with the branch.

★ How Prarvi helps
1. Match your profile to the right lender from 30+ partners — secured or unsecured.
2. Coordinate rate negotiation, processing fees, and prepayment terms before you sign.
3. Follow through on disbursement so you skip repeated branch visits and status chasing.

★ KYC Documents
1. PAN card
2. Aadhaar card
3. Passport-size photographs (3 copies)

★ Business Income & Banking
1. IT returns — last 3 years
2. Balance sheet, computation & P&L — last 3 years
3. Bank statements — last 12 months (current & savings)
4. Business proof — Gumasta / Udhyog Aadhaar / GST certificate
5. Business address proof — light bill or rent agreement

★ Address Proof
1. Latest electricity bill
2. Rent agreement (if rented)

★ For Proprietorship / Partnership / Pvt. Ltd.
1. Business operational for minimum 2–3 years (lender-specific).
2. Minimum annual turnover commonly ₹25 lakhs and above.
3. Satisfactory ITR and banking with manageable existing EMIs.
4. GST / registration documents where applicable.
5. Purpose of loan clearly defined—machinery, expansion, working capital, etc.

★ For Secured Term Loans
1. Collateral or property security may improve amount and rate.
2. Valuation and legal report as per lender policy.
3. Higher ticket sizes possible for equipment or project funding.

✔ Submit Currently Running Loan Statement of account (If Any).
✔ Submit all Documents in Hardcopy Togather.
✔ Also Mail US all Softcopy on PDF File on contact@prarviconsultancy.com

1. Compare and Choose: Obtain loan quotes from different banks and lenders, then analyze and select the best option for you.
2. Listen and Learn: Pay attention to what various vendors have to say. You might discover new insights that you weren't aware of.
3. Honesty Matters: Be transparent about any negative aspects of your financial history with the vendors. This helps them guide you towards the right choices.
4. Credit History Conversation: Discuss your complete credit history with the vendors. This enables them to provide accurate solutions and avoid potential rejections.
5. Politeness Pays: Maintain a respectful attitude with the vendors. Building a good rapport can lead to more beneficial and lasting relationships.
6. Preparation Pays Off: Gather all your documentation and security cheques before applying for a personal loan. This proactive approach saves you time and ensures a smoother process.
7. Stay Connected: Keep in touch with your vendors until you receive a definitive status update on your loan application. Open communication helps you stay informed.
8. Track Your Progress: Use your application number to monitor the status of your loan application on the bank's website. This keeps you informed every step of the way.