You want to start a business, but don't have the money to start the venture. You find no help from anybody and the local financers deny you a loan. You don't have a bank account, so the banks will not give a personal loan. But, this is not true for all the banks. There are certain banks which provide business loans with no bank account or deposit.

Yes! there are certain banks with schemes of providing loans to people like you. There are certain terms and conditions that you need to fulfill for acquiring these kinds of loan. But, before you apply for such loans, be apt in your motive and decide what corporate business are you going to start. The loan amount will depend on the kind of business you are going to vent in to. The loan is sanctioned at the cost of the requirements and the working capital that you would need. The costing should be very accurately mentioned so that you don't get less than the necessary amount. If needed, consulting a CA is recommended for it, who will help you make the complete estimate as well as the papers that you would need to apply for the loan.

The bank-customer relationship management will decide on your case for sanctioning a loan for your business. The requirements for most of the banks are almost the same with slight differences here and there. Though the interest rate may be a little high, but once you start with passion you will be able to pay the monthly installments without any hassle. The financial assistance will be provided with a bank account on your name. Thus, you open an account hassle free and get the fund for the business too.