Business Loan

Business Loan

Business loans play a crucial role in helping businesses manage their financial needs by filling gaps in working capital and covering operational costs. They ensure smooth day-to-day operations by providing funds to pay employee salaries, manage inventory, handle unexpected expenses, and invest in business growth. These loans offer financial stability and support long-term business sustainability.

Key Features:

  1. Fewer Documents :
    Minimal paperwork required. 
  1. Flexible tenure :
    Avail Flexible repayment tenure as per your convenience from 24 Months to 48 Months.
  1. Collateral Free : 
    Unsecured Business Loan Does not require a Collateral to be offered.
  1. Attractive Interest Rates : 
    Interest rates on Business loan depends on few parameters and Lending Policies of Bank or NBFC. They vary usually between 14.50% to 24% depending on the creditworthiness of the individual and the company.
  1. Over Draft Facility : 
    You will be given a pre-sanctioned limit that lets you withdraw and repay funds as per your convenience. The best part is that you need to pay interest only on the amount utilized.

Frequently Asked Questions:

Unsecured Business Loans are offered based on few important factors,  Business Vintage, Income, Nature of the Business etc. It required usually at least 2 years of Business Vintage to be eligible for an Unsecured Business Loan

No. Part Payment is not allowed in Business Loan.

Yes the Foreclosure Charges are applicable and ranges from 2% to 4%.

Rate of interest remains the same and is fixed.

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