We provide business loans without any collateral upto 2 crores.

What is Business loan?

Banks and non-banking financial companies (NBFCs) in India offer unsecured business loans. The major goal is to meet the immediate needs of an expanding company. Most financial institutions provide term and flexi loans to meet a company’s commercial needs. Commercial loans are another name for business loans. These loans are available to sole proprietors, privately held companies, partnership firms, self-employed persons, and shopkeepers.

Advantages of a Business Loan :-

1. Quick disbursal: Banks will disburse a Business Loan quickly so that you don’t need to worry about operations coming to a halt or growth plans delayed because of a lack of funds. For instance, Business Loans of up to Rs 50 lakh within 48 hours to certain preferred category of customers, under its Business Growth Loan.
2. Minimal documentation: One of the benefits of Business Loans is that you don’t need lots of paperwork to get them. In fact, some customers can get loans without any collateral, guarantor or security to meet their every need, from expansion to working capital requirement. You will also get doorstep services from some banks.
3. Competitive interest rates: Because of the growing completion among banks, the interest rates on Business Loans are quite reasonable, so that you can take out a Business Loan without worrying about large repayments. Of course, interest rates that bank charge will vary from customer to customer, according to creditworthiness, tenure and the purpose for which the Business Loan is required. Interest rates can vary from 11.5 percent to 24 percent.
4. Flexible tenures: You have the option of choosing the tenure of the loan. If you want to take out a Business Loan for a short period to meet working capital expenses, you can take a loan for a year. If you want it to expand your business, you can take out a loan for a longer period of time, like, say, four years.