A microloan is a good option if you have limited revenue and history. We recommend the following ways to finance your business:
How to apply for a Business Loan? Any business entity or owner can apply for a business loan. Before you apply for a business loan, you need to understand the basic purpose of this loan and how you intend to utilise it. Here's a list of the basic documentation you will need to submit: KYC documents of the owners A report as to how the business loan intends to be utilised Applying for a business loan has its advantages: You can use the funds for any immediate requirement you may face including your daily capital needs.
Unlike investments from private equity firms or entities, there is no need for profit sharing Business loans can also help in tax benefits for the company You also have the option of opting for Flexi EMIs, where you can control the outflow of repayment For all our customers, Tata Capital offers pre-approved loans for the business finance needs There is no need for any collateral or guarantee for business loans for up to Rs 50 lakhs Are you eligible for a Business Loan?
To be eligible for a business loan, these are the points you need to keep in mind: You need to be minimum of 25 years of age and maximum 65 years Your business should be registered Your business should have been making profit for 3 consecutive financial years Turnover should be on a positive trend Balance sheet has to be audited by a registered chartered accountant Loan availed should be on the Existing business Check your eligibility using a business loan calculator.
What are the business loan interest rates and the maximum amount of loan one can take? With Tata Capital, you can apply for a loan starting at Rs 3 Lakhs. The maximum amount you can apply for is Rs 50 Lakhs, without any collateral of guarantee. Tata Capital offers you the best fixed interest rate that is suited for your company and does not dip into your monthly cash flow.
How much EMI do you have to pay? You can choose from: With this option, you have the choice to start at a higher EMI and gradually, year on year, bring your monthly payment down. This option allows you to pre-pay your loan in specific intervals.
To know more about how much EMI you will need to pay, use our business loan calculator. What are the documents you need?
To avail a business loan, you will need the following documents: Running a successful business is not an easy task. There are always ups and downs that you, as a business owner face.
We, at Tata Capital, understand that meeting every financial need is not simple and sometimes you do need a helping hand. We take special pride in being that institution that can help you when you need help the most. We also give you the option of choosing what kind of loan you would need.
This helps in routing that fund in the right direction and give you the boost you need. Be it project funding, the working capital requirement for raw materials purchase, term loans for machinery or bank overdraft, we have the solution that you are looking for. Once all your documents are in place, your loan from Tata Capital can be disbursed within 3 business days.
Business Loan Interest Rates: Tata Capital believes in applying the best market practices and adheres to the principle of giving its valuable customers the best business loan interest rates. We offer you commercial loans with no additional collateral or guarantee.
We give you the option and convenience of to customise your monthly loan repayment instalment that is best suited for your company's cash flow.
You will have complete online access to your loan account and can keep track of your EMI schedule, interest paid on each EMI and interest certificates.
You can choose to fund your small or medium sized enterprises using SME loan. There are various factors to be considered to get approval. Find out more about small business loans.Apply online for a business loans up to $1 million in 5 mins.
Same day funding, Start-up or not, good or bad credit, Max Funding’s loans suit all businesses. Getting a small-business loan is far easier if you’re prepared. Find out how to get a small-business loan.
Oct 02, · While it is not as easy as it once was before the Great Recession, all banks and other lenders still need to loan money to small business.
The key is to know how to do it . Apply for quick cash loans with Citi Personal Loans and enjoy its benefits one day approval on bank loans flexible terms up to 5 years no collateral for yout personal, housing, auto loan needs.
Try our loan calculator and get the quick cash loan you need through Citibank Philippines' online loan application! If you want a business loan, make sure you have these dozen items in your loan application. Taking the guess work out of personal and business lending.