What is Business Loan?

Business Loan is a loan without any collateral security. It will helps SMEs as well as corporate companies to raise the fund for the various purposes working capital / payments to creditors for purchase of raw material requirement, purchasing of fixed assets, business expansion / modernization, technology up-gradation, research and development or any other short term fund requirement.

Every small and medium sized enterprise & Corporate customers are require / needs access Business Loan not only helps you but meet out your working capital requirement / needs and also helps to fulfil your aspirations of expanding your business.

Benefits & Features & ROI

  1. Business Loan is NO COLLATERAL or GUARANTOR required.
  2. The amount disbursed for Business Loan between Rs. 10 Lakh to Rs. 3 Crore from different Banks / Financial Institutions.
  3. The loan tenure from 12 months to 48 months.
  4. Minimum age of 21 years and maximum age of 65 years.
  5. Minimum 3 years of business vintage require and 2 years in same line of business.
  6. The business should be profit making for at least last 2 years & financial should be audited available.
  7. Business Loan rate of interest is in between 16% -19%.

Business Loans Eligibility Entities are

  1. Sole proprietorships
  2. Self employed Professionals
  3. Partnerships Firm
  4. Private Limited Companies
  5. Limited Companies

Business Loan Eligibility Calculator.

Required Document List for Business Loan

 

Please Check Here your required Document List for Business loan eligibility.