Easily Avail Business
Business Loans are the loans which does not require any collateral for the loan. This is an unsecured loan and it solely depends on the creditworthiness of the borrower. Business loans are the loans provided to you on behalf of your business profile. Unsecured business loan is similar to a personal loan. This loan helps for the expansion of an existing business. This loan is specially designed to meet all the business requirements.
Features & Benefits
Below mentioned are the eligibility criteria for business loan:
- Age Criteria: Minimum 21 years at time of loan application & 70 years at time of loan maturity
- Applicant with good credit score and no past loan defaults
- Fees & Charges, Income, Business Turnover, Operational History, Business Vintage, Credit score and Profitability Criteria shall be defined by the respective financial institution
Below mentioned are the entities that can avail business loan:
- Artisans, Retailers, Manufacturers and Traders
- Private and Public Limited Companies
- Sole Proprietorship Firms, Partnerships and Limited Liability Partnerships
- Self-employed individuals / Professionals – CAs, Doctors, Architects, Company Secretaries, Designers, etc.