Business Loan

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Click or drag files to this area to upload. You can upload up to 10 files.
Click or drag files to this area to upload. You can upload up to 30 files.
Click or drag files to this area to upload. You can upload up to 10 files.
Click or drag files to this area to upload. You can upload up to 10 files.
Click or drag files to this area to upload. You can upload up to 10 files.
Click or drag files to this area to upload. You can upload up to 10 files.
Click or drag files to this area to upload. You can upload up to 10 files.
Click or drag files to this area to upload. You can upload up to 10 files.

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.

A business loan works pretty much the same way as most loans. You apply for a loan, submit the documents, the bank checks your credit worthiness and makes a loan offer. If you accept it, the funds are transferred to your bank account, and you can use them any way you like.You must repay the loan in equated monthly instalments (EMI), which will depend on factors such as loan amount, tenure and interest rate.

Anyone having his own Identity proves i.e. Adhaar Card, Pan Card, Voter Card, Income Proof i.e. Income Tax File, Business Proof i.e. Trade License or similar business registration documents, Bank account statement of business related account, Contact details i.e. Phone, Mail, Photo, Business tenure proof, etc can apply for business Loan.

You can get a business loan very quickly. It will take Max.4-5 Working Days. Some banks and finance companies also complete their process within 48 Hours.

Interest rates can range will depend on your credit history, Business tenure, income, Banking Transactions, business type etc. Basically Interest rate is min. 6% to Max 25% per annum.

Mostly a loan applicant can get 24 Months to Max. 76 Months depends on client profile, Loan amount etc.

Getting a business loan from FinoFriend is easy, especially if you have your documents are in order and you have a good credit track record. You have to just fill-up our Business Loan application, then all processes will be completed by our side.