Although it is tough to get a loan approved, you carry home the satisfaction of getting away with lower interest rates. Business loans can give the ultimate boost to your company in an efficient and effective way. Banks believe in the uniqueness of every business, and provide a wide range of flexible, tailor-made loan products that cater to the specific business needs of SMEs.
• Competitive interest rates
• Collateral free finance
The repayment options are equally flexible in low credit business funding transactions. Based on your financial needs, most lending companies provide you business loans ranging from Rs 1 Lacks to Rs 1 crore for varied tenures. For example, you can avail business loans for tenure of 1-12 months with no pre-closure penalties and extremely flexible repayment options (ranging from 12 months to 36 months). These features are designed to specifically cater to the needs of SMEs in India. SMEs taking loans against receivables can repay it in a single “bullet” installment at maturity, while those taking unsecured loans can repay through EMIs.
Not only banks, certain NBFCs and other lending companies can also offer fast funding at competitive interest rates. Most of the companies offer instance business loans to small and medium businesses in India at very competitive interest rates, nominal processing fees, with absolutely no hidden charges. Some of the most preferred lenders in the present small business loan market. Business capital loans provide financial support to a very wide range of SMEs, such as B2B service providers, manufacturers, traders, or distributors. Companies work as a partner to provide seamless support to SMEs in fulfilling their dreams.