Business Loan

What is a Business Loan?
A business loan is a type of loan that helps the business owner, to expand, invest and help in working capital needs. At times like these, a quick business loan is the best financial aid that can help them grow. This capital can be applied towards daily capital expenses, opening new branch, buying assets for company, specific project funding, expansion of the business including purchasing of new machinery for the business etc. You can also apply to take a loan for business if you need investment for starting a new business or your existing business.

Who is eligible for a Business Loan?
  • You need to be minimum of 25 years of age and maximum 65 years.
  • Your business should have been making profit form last 3 consecutive financial years.
  • Your business must be 6 months young atleast for short term business loan.
  • Turnover should be on a positive trend. No turnover deep should be shown.
  • Your company's balance sheet has to be audited by a registered chartered accountant.
  • Must have GST

What will be the maximum amount and the rate of interest of business loan you can avail?
With us, you can apply for a loan starting at Rs 25,000. The maximum amount you can apply for is Rs 1,000,0000, without any mortgaging or giving any collateral . • We can assist you to get the best rate of interest that is suited for your loan and does not dip into your monthly cash flow. The business loan interest rates starts from 10.99%, depending on your requirement and factors such as your credit score, standing in the business or profession, turnover, business stability, income and other loans if any.

How much EMI do you have to pay?
The EMI that you pay depends on the principal loan amount, the interest rate charged and the period for which the loan is taken. We provide/help you to get a personal loan with loan tenure between 3 months to 60 months.

Business Loan Balance Transfer and Top-up
A Business Loan balance transfer facility can be avail by the customers who already have a running business loan with another financial institution and when they avail that loan at that point of time may be the interest rate is higher and now the rate gets lower and that customer want to take the benefit of lower interest rate. Lower interest rates help you to reduce your existing EMI. Balance transfer of business Loan not only reduces the existing EMI but also helps the customer to take below mentioned benefits

  • Enhancement in your business loan from the original loan amount with your present lender as per your eligibility.
  • The additional amount will be directly credited in your bank account which you can use for your business working capital, business expansion etc.
  • Longer tenure up to 5 years.
  • Transparent terms and conditions without any hidden charges
  • Minimal formalities and paper work in the transfer process
  • Special benefits and offers depends upon the ticket size and customer profile