Personal Loan, Home Loan, Business Loan, Loan Against Property

Business loan is boon for the SMEs and the companies who does not have some property or land to avail a loan from the bank or NBFC. A business loan is an unsecured loan which is offered to self-employed individuals and entities including proprietors, partnership firms, private limited companies and public limited companies on the basis of their gross turnover & ITR filed for last two or three years. We cater to your need of business loan or unsecured short-term funding of business lending products like Fast Track Business Loans, Secured Term Loans and Overdraft Facility. We help you to be rest assured of all your financial requirements to keep your business ahead and fast growing. Get access to a whole range of unique benefits, services, business intelligence, deals and discounts on rate of interest, processing fees, foreclosure charges etc. that are normally enjoyed by large corporate.

Business loans are offered to small and medium enterprises towards working capital, expansion, or modernization of existing business. It could be either secured or unsecured. The idea is that if there is opportunity for growth at acceptable risk levels the banks will finance. Loan amounts offered could vary between Rs.10 lakh to Rs.50 lakh. Secured loans could be against Property (movable /unmovable), Stocks or collaterals like fixed deposits etc. Since the loans are secured the rate of interest likely would be lower than unsecured loans. Unsecured loans could be in the form of short, medium or long-term loans for temporary /bridge loans, Working capital or for purchase of machineries or other fixed assets. The interest factor depend on the perceived risk factor by the banks, past track, growth and profitability trends and the industry profile. Rates could vary from 14% to 16 % for secured loans to as much as 19% to 21%.