Need immediate funds for your business?
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Business loan key Points
- Maximum Funding
- No Financial till 30 lac
- Instant approval
- Quick Disbursement
- Lowest Rate of interest
Overview
What is a Business loan?
A business loan is a type of financing that a business can obtain from a lender, such as a bank or other financial institution, to meet its financial needs. Business loans can be used to launch a new venture, grow an existing one, buy inventory or equipment, pay for running costs, or resolve immediate cash flow problems. The terms and conditions of a business loan can vary widely depending on the lender, the amount borrowed, and the purpose of the loan. Detailed financial information about the business, such as sales, profit and loss statements, and cash flow estimates, must normally be provided when applying for a business loan. This data will be used by the lender to assess the business's creditworthiness and set the loan's terms. In general, a business loan can be a vital source of finance for companies to realise their objectives and expand their operations. To make sure they can fulfil the repayment responsibilities, businesses should carefully analyse the terms and conditions of the loan before receiving the funds.
No collateral required
Get unsecured business loan without demanding any collateral
Working capital support
Get additional support in your business by business loan money to increase your working capital.
Flexible tenure and interest rate
Repay your loan with flexible emi from 12 to 72 month at lowest annually interest rate onwards 15%
Smooth and Quick disbursement
Save your precious time by smooth and fast processing with less involvement of paperwork, get disbursment within 48 working hours in your account.
Get the Best Deal on Business loan with Us
Why Choose Us?
At “Dealstohdekho”, we strive to provide our customers with the best possible Business loan experience. With a wide selection of high-quality vehicles and a knowledgeable team of experts, we make sure that our customers find the right Business loan to fit their needs and budget. Our focus on transparency, honesty, and fairness sets us apart from other Business loan service providers. From start to finish, we are here to guide and assist you in finding the perfect Business loan to meet your needs and budget. We provide the best customer service, fast and easy financing process, competitive rates with no hidden fees and 24/7 help. We are best Business loan provider, our main mission is to get you a loan that meets your needs.We offer you the best Business loan financing options and terms, so that you don't have to worry about finding a lender by yourself. We believe that our customers deserve an exceptional experience, so we put all of our resources behind making sure you get what you need when you need it.
Work Process
How to apply a Business loan?
Benefits
Business Loan Benefits
One needs to meet the eligibility standards set by the lenders to avail a Used Car Loan. Depending upon individual capacities and automobile valuations, eligibility criteria for used car finance are as follows:
Get instant funding up to 1 Crore in just 48 hrs after submitting your formalities.
By providing money to cover expenses during periods of low sales, a business loan can help improve cash flow and make day-to-day operations easier to manage.
The interest payable on a business loan is often tax-deductible. Check the interest limit and eligibility before you apply for business loan
A firm’s credit score can be improved by taking out and repaying a loan on time, which can assist establish a good credit history and make it simpler for the business to get funding in the future.
A business loan can assist in funding expansion plans, enabling a company to enter new markets, introduce new goods or services, or recruit more personnel.
Features
Business Loan Feature
A Business loan is much simpler to obtain than any other loan; for your reference, below are a few important points about Business loan. It act as a backup plan for you when you run out of money in your business or need money in an emergency but lack any immediate resources.
Flexibility for usage
Bank and Nbfc allow you to use the fund with out any restriction ,they don’t interfere with how you run your business. a business loan is the best option to retain full control over how you spend funds.
Convenient and easy
Obtaining a Business loan is simple and far more convenient than searching for investors and engaging in lengthy conversations.
Flexible Loan Tenure
Business Loan offers you longer loan tenure of maximum 72 month for repayment.
Smooth and Quick disbursement
Save your precious time by smooth and fast processing with less involvement of paperwork, get disbursment within 48 working hours in your account.
Dropline Overdraft Facility
You can also get Dropline overdraft facility in Business loan which allow you to pay only interest part in loan.
No sharing of profits
A investor demand a cut of the revenue your company generates but Here, regardless of how well your firm performs as a result of the financial help, you repay the lender a certain amount; hence, the principal and interest amounts are constant.
Eligibility
Business Loan Eligibility Criteria
One needs to meet the eligibility standards set by the lenders to avail a Business Loan. Depending upon individual capacities and Business valuations, eligibility criteria for financing a Business loan are as follows.
- Individuals who have been in the current business for a minimum of 3 years, with 5 years total business experience.
- Those whose business has been profit making for the previous 2 years
- The business should have a Minimal Annual Income (ITR) of Rs. 1.5 lakhs per annum
- The applicant should be at least 21 years at the time of applying for the loan, and should be no older than 65 years at the time of loan maturity
Additional Documents
Required Documents For Business Loan
Self-Employed, and SMEs seeking funds as Business Loan will have to furnish additional documents listed below to start the loan process.
- Passport-Photograph
- Pan Card
- Addhar Card
- Current Residence Proof
- Office Address Proof
- Business Registration Proof
Note:Customer’s Bank Statement is not required.
- Application form with a recent photograph
- Pan Card
- Addhar Card
- Address Proof (Ration card/ Telephone Bill/ Electricity Bill/ Rental agreement / Passport copy/ Bank Passbook or Statement/Driving License
- Proof of business existence (Shop Act License/MOA & AOA/GST registration/ITR, Partnership Deed)
- Audited financials and Income Tax Returns filed for last two years from date of application
- Bank statement for the last 6 months
- Identity Proof of a Private Limited Company:
- Copy of Sales Tax
- Copy of VAT filing
- Copy of Service Tax
- Copy of Excise Registration, applicable in some instances
- Income Tax Return of the company
- Utility Bills of water, electricity or telephone
- Registration Certificate under Shops and Establishment Act
- Pan ID
- Municipal Tax Bill in original and copy in the name of the company
- Memorandum of Association ( MOA)
- Articles of Association ( AOA)
- Certified Copy of Partnership Deed
- List of Partners/ Directors
EMI Calculator
Monthly EMI ₹
Total Interest ₹
Total Amount Payable ₹
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Frequently Asked Questions
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Who Can apply for Business loan?
MSMEs/ non-Individuals such as: Private Ltd. Partnership firms LLPs Sole proprietors etc., Each meeting the minimum requirements as below: Minimum turnover of ₹1 crore Minimum business vintage of 3 years
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What is the turnaround time for the disbursal and/or decision of the loan?
We do our best to create a quick & smooth turnaround time for your loan. We process your loan within 6-7 days.
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What are the steps for foreclosing an Business Loan?
The minimum lock-in period for Business Loan is 6 months i.e. 6 EMIs paid.
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How is Business Loan processing fee calculated?
Processing fees are restricted to 2% + GST which is standard across all the products.
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Is there any age criteria to apply for a Business Loan?
Applicants need to be a minimum of 28 years old and a maximum of 65 years old at the time of loan maturity.
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Do I require any security or guarantor to avail this loan?
While Business loan doesn't require any security or guarantor for this loan, a co-applicant is subject to bank terms if applicble
Empower your business with our funding solutions
Customized loans for your unique business needs
Don’t let a lack of funds hold you back from achieving your business goals. A business loan can provide the financial boost you need to succeed.
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