Need help call : +91-8130700088
Contact Email : info@ourloanguru.com
Need help call : +91-8130700088
Contact Email : info@ourloanguru.com
Capital flow is the foundation of any successful business. Whether your business has needs for short-term loans, intermediate-term loans or long-term loans, you need not to worry. OurLoanGuru ensures you to get the best finance solution to scale your business to new heights of success. You can use the loan amount to invest in infrastructure, expand operations, buy equipment or inventory, or even to increase working capital.
12.05% Interest Rate
Business loans are unsecured financial assistance provided by banks and NBFCs to meet the urgent needs of your growing business. These Loans have an attractive advantage over secured loans, for them the lenders don’t require collateral or secured loans backed by your business assets. Most financial institutions offer term loans and flexi loans to cater to the business needs business entities such as a sole proprietorship, privately held company and partnership firms.
The eligibility criteria for unsecured business loans depend on the concerned bank however
the following are the common eligibility criteria among all the banks.
| Age Limit | The applicant should be min 21 years & max. 65 years. |
| Income | Business should be profit making at least for the past 2-3 years |
| Turnover | A minimum annual turnover as per the ITR will vary from lender to lender |
| Co-applicants | Business should be profit making at least for the past 2 years |
| Audited | We accept only audited financials by CA. |
| Credit History | Satisfactory/Good past credit history of Applicant and Co-applicants |
| Type of the Business | Proprietorship/Partnership Firms, Pvt Ltd and Public Limited Companies, Self-employed individuals/professionals engaged either in Manufacturing, Services or Trading, are eligible for the loan |
The following are the common documents required for a Business Loan:
. Business loans are offered usually on fixed rate of interest.
You can re-pay your business loan through either ECS or SI.
Yes. Part-payment facility after a certain lock-in period will be permitted.
. Yes. Some banks do provide dropline overdraft facility/Flexi Business Loan