A business loan is a loan specifically intended for business purposes. A business loan is the borrowed capital that companies apply toward expenses.
Businesses require an adequate amount of capital to fund startup expenses or pay for expansions. As such, companies take out business loans to gain the financial assistance they need. A business loan is a debt that the company is obligated to repay according to the loan’s terms and conditions.
Business loans can help with cashflow, and help to tide you over when times are tough by offering access to short-term finance.
A business loan is similar to a personal loan but is specifically designed for business use.
Features & Benefits
- No collateral/ guarantor / security required
- Loan upto 1cr from one bank
- The loan tenure ranges from 3-48 months
- Transparent Interest Rates - Pay interest 13% onwards
- Speedy approvals & Hassle Free Loan Disbursement
- Funds available for business expansion, working capital
- Multiple Loan Programs & Attractive Bundled Offerings
- High loan amounts (Multiple Bank/NBFC’s Options available)
- Bundled current account offering
- Business loan under CGTMSE scheme also
Who is eligible for the Business Instalment Loan?
- Sole proprietors / proprietorship firms
- Partnership firms
- Private limited companies
- Closely-held and public-limited companies
- Professionals – doctors, architects, chartered accountants, business consultants
