Frequently Asked Questions - Business Loan
Business Loan - Frequently Asked Questions
Find answers to all your queries related to Business Loan ranging from application procedure to eligibility criteria, interest rates, and documents required.
How much loan can I avail of Business Loan?
You can avail loans from Rs. 50,000 to Rs. 75,00,000 depending on your income repayment capacity.
What is the business loan tenure available with these loans?
The business loan tenure ranges between 12 months to 36 months.
What would be considered as collateral?
In most of the cases, no security or collateral is required for business loans. One needs to provide the relevant documents to support the application.
How long will it take for loan disbursal?
You will have to apply for a business loan with an online application which takes a few minutes. Funding or disbursement is possible in as quick as two days once your documents are approved.
What purposes does the business loan include?
You can apply for business loans for any of the purposes listed below:
- Small business finance
- Meet the working capital requirement
- Business Expansion
- Update latest technology
- Hiring new staff
- Real estate
- Marketing and Advertising
- Education and Training
Is the processing fee fixed?
The processing fee varies from bank to bank and also it depends on the amount of loan sanctioned.
Why apply for a business loan with FinMarket.in?
You can apply for business loans for any of the purposes listed below:
- Receive quick, customized and competitive quotes/rates in one place
- Choose the right offer for you from a wide array of lenders
- Go paperless and save time by applying online
- No need to visit multiple banks to secure multiple offers
- Fill your information just once and receive multiple offers from lenders
- Receive offers for products and deals from top lenders that are targeted to your unique needs