GST Business is a collateral-free loan that is available to businesses (MSMEs), on the basis of their GST Returns with no requirements of other financial documents. Such loans help in quicker loan financing resulting in better cash flow and enhanced business operations.

Additional Reading:  GST Return Forms

Key Features of GST Business Loans

  • Collateral free loans available to public limited companies/private limited companies, partnership firms and sole proprietorships.
  • Easy and simple business loan with overdraft facility available up to Rs. 1 crore as fixed by the Government.
  • Available through private and public sector banks.
  • Besides the GST returns, other financial documents are not required.
  • Simplified assessment procedure purely on the basis of borrower’s GST returns.
  • Self-attested copy of KYC enlisted documents like entity proof, PAN Card and address proof required.
  • Bank account statement of last 6 months.
  • GST registration certificate.