Business Loan

A business loan is a tailored credit solution designed for self-employed individuals, professionals, private companies, partnership firms, MSMEs, and more. It provides financial assistance for working capital needs, capital expenditure, or other business activities.

Business Loan Interest Rates

At Secure Loan Consultants, we understand that interest rates play a critical role in your decision. Business loan interest rates depend on various factors like the applicant's credit profile, the nature of their business, the loan facility availed, and the type of collateral pledged.

Features and Benefits of Business Loans

  • Secured and Unsecured Options: Choose a loan tailored to your needs, whether or not you have collateral.
  • Competitive Interest Rates: Rates are based on creditworthiness, business type, and collateral.
  • Top-Up Loans: Existing borrowers can avail of additional funds over their current business loan.
  • Overdraft Facility: Convenient credit line for managing cash flow effectively.
  • Quick Online Applications: Minimal documentation, swift approval, and instant disbursal.
  • Special Rates for Women Entrepreneurs: Concessional interest rates are available for women borrowers.
  • Pre-Approved Loans: Instant funding for eligible customers with minimal paperwork.

Eligibility Criteria for Business Loans

  • Age: 21 years at application and up to 65 years at loan maturity.
  • Business Vintage: Minimum 3 years (some cases may require 5 years).
  • Annual Turnover: Starting from Rs. 90,000 to over Rs. 250 crore.
  • Credit Score: Preferably 750+ (applicants with lower scores may also qualify).
  • Minimum Income: Rs. 1 lakh per annum.
  • Eligible Entities: MSMEs, proprietors, LLP firms, private/public limited companies, self-employed professionals (doctors, CAs, architects, etc.), and more.
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Documents Required for Business Loans

  • ID Proof: Voter ID, Driving License, Aadhaar Card, or Passport.
  • Address Proof: Utility bills, lease deed, sale agreement, bank statements, etc.
  • Business Proof: Business registration certificate, business continuity proof, partnership deed, or MOA/AOA for companies.
  • Financials: GST returns, ITRs, balance sheet, and profit/loss account for the last two years (certified by a CA).
  • Bank Statements: Last 6 months’ statements.
  • Others: PAN card (individuals/companies), sole proprietor declaration, photographs, and board resolutions.

Types of Business Loans

  • Unsecured Term Loans: For MSMEs to fund expansion, upgrades, or cash flow needs without collateral.
  • Secured Term Loans: Backed by collateral such as property or business assets.
  • Overdraft Facility: Both secured and unsecured options available for managing cash flows.
  • Professional Loans: For self-employed professionals like doctors, architects, and CAs to meet business needs.
  • Bill Discounting: Early payments against outstanding invoices to maintain cash flow.
  • Machinery Finance: Financing for purchasing machinery and equipment.
  • Purchase Financing: To fund raw materials and trading goods procurement.
  • Working Capital Loans: For day-to-day business needs, such as salaries or inventory purchases.
  • Letter of Credit: Ideal for businesses engaged in international trade, minimizing credit risks.
  • Merchant Cash Advance: For businesses using POS machines or online sales, with repayments deducted from sales.

Why Choose Secure Loan Consultants?

At Secure Loan Consultants, we prioritize your business growth with flexible loan options, transparent processes, and tailored repayment plans. Let us be your trusted partner in achieving business success!

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