About Business Loan:-
Business Loan is a unsecured loan provided by the lender. We can use funds on our business development and further extension or growth. Funds provided up to Rs. 30 lakh to small businesses at low-interest rates. This loan cover up all your short term and long term business goals.
Use of Business Loan:-
You can use the funds in your business growth, expansion and for future requirements.
Tenure:-
Repayment term in personal loan is maximum 3-5 Years. You can take term as per your need. You have to pay EMI according your loan amount comprising principle and interest.
Interest Rate:-
Business Loans interest rates start from 10.50.% per annum to 18.00% per annum depending on bank to bank and your loan amount.
Documents:-
- Last three years completed financials
- Last six months bank statement of current & saving account
- Business Proof
- Pan Card
- Aadhar Card
- One Photo
- Loan statement if any existing loan