Business Loans
in Hyderabad at Lowest Interest Rates Whether you are starting a business or expanding it, you need money to fund all the capital or operational expenses. We will help you and your business get a business loan with the least difficulty from well-known banks and NBFCs.
What are Business Loans?As the name suggests, a Business loan is a short term financial instrument exclusively designed for business purpose and advanced to self-employed proprietors as well as entities such as partnerships, private and public limited companies. A Business Loan can be utilized for various business reasons such as to maintain business operations, invest in equipment, set up a new branch and so on. Business loans are usually lent based on the business turnover and IT returns filed for 2 or 3 years.
One of the major benefits of Business loans is that they are usually unsecured with no need for collateral or guarantors and most banks offer pre-payment facility with minimal charges. Another important benefit is that if the business is a corporate entity and there is a default, the burden is not solely on the owner but on the company as a whole. The company is liquidated to clear the loan in such an extreme scenario.
Components of a Business Loan
Business Loans
in Hyderabad at Lowest Interest Rates Whether you are starting a business or expanding it, you need money to fund all the capital or operational expenses. We will help you and your business get a business loan with the least difficulty from well-known banks and NBFCs.
What are Business Loans?As the name suggests, a Business loan is a short term financial instrument exclusively designed for business purpose and advanced to self-employed proprietors as well as entities such as partnerships, private and public limited companies. A Business Loan can be utilized for various business reasons such as to maintain business operations, invest in equipment, set up a new branch and so on. Business loans are usually lent based on the business turnover and IT returns filed for 2 or 3 years.
One of the major benefits of Business loans is that they are usually unsecured with no need for collateral or guarantors and most banks offer pre-payment facility with minimal charges. Another important benefit is that if the business is a corporate entity and there is a default, the burden is not solely on the owner but on the company as a whole. The company is liquidated to clear the loan in such an extreme scenario.
Components of a Business Loan
- Loan amount advanced from 2 lakhs to 50 lakhs
- Simple documentation as this is an unsecured loan
- Loan tenures from 12 – 36 months and can be repaid through EMIs
- Rate of Interest between 17% – 20% and differs based on eligibility of each applicant
- Easy documentation
- Business Loan Services in Nagole and Pan Hyderabad Telangana