BUSINESS LOANS
A business loan is a kind of financing you can avail to meet the urgent needs of your growing business.
If you need funding to expand your existing business, buy machinery, or boost production, we are going business loan financing at attractive interest rates, borrow capital without pledging any of your assets, and get access to credit that can be repaid over a specific period of time.
Different Types of Business Loans
Business loans fall under two categories: Term loans and Flexi loans. Term loans can be either short-term or long-term depending on the tenor. While a short-term loan has a tenor of up to 5 years, a long-term one can stretch up to 20 years. In both the cases, borrowers have to pay equal monthly instalments (EMIs) throughout the entire tenor while repaying the loan..
The following includes different types of business loans and how they help:
- Working Capital Loans :
Businesses to maintain a good short-term liquidity, need to have an adequate and a constant cash flow. That’s when a working capital loan comes in handy. Meet short-term business needs like inventory and payroll costs, manage delayed payments from debtors and more with a working capital loan up to Rs.30 lakh.
- Business Loans for Women :
Banks are offers Loans for Businesswomen to boost their business growth and manage their day-to-day business functioning smoothly.
- Machinery Loans :
Whether it is purchasing or upgrading plant & machinery, businesses will require considerable funding in both situations. Machinery loans are one of the types of business finance that provides capital for your fixed asset needs.
- SME and MSME Loans :
Most of the banks are offers SME and MSME loans to small business owners looking to expand their operations and market reach.
PROFESSIONAL LOANS
As a professional, you’ve spent years to acquire specialised skills. From managing various personal financial goals to professional commitments- you have to manage all in a limited time.
As a professional, your needs are unique. ALL BANKS that your loans should be no different. That’s why we offer special loans to professionals like you. By factoring in your professional degree and experience, professional loans come with simple eligibility criteria and minimum documentation requirements so that you get access to funds faster than regular term loans.
Doctors, chartered accountants and engineers can now get a customised loan for professionals with a high amount and at affordable interest rates.