Business loan is an unsecured loan and is provided to individuals and entities that are self-employed. These may include partnership firms, private companies, proprietors and public limited companies. The loan is offered on the basis of the gross turnover and Income Tax Return filed for 2 or 3 years.
A business loan is exclusively designed for business purposes. With this loan, you can lend a sum of money over a few years. The monthly payments and interest rates are fixed over the term. Let us look at some of the benefits of business loan.
Business loans can help with cash flow and help you by providing short-term finance. With the help of technology, beneficial offers help you do what you want to do. We also offer special add-on facility to some privileged customers. We also offer our customers the part payment facility. Last but not the least, there are no Guarantors and no Collateral.