BusinessLoan

  • Home
  • Business Loan
img

Choosing right business loan

Make Appointment

Business Loan

A business loan is one that is meant solely for commercial needs. It involves the formation of a debt, which will be repaid with interest, as with other loans. Lending Basket offers low interest rates for industrial, trade, and service businesses.

Features of Business Loan

Capital with a High Return on Investment at an Affordable Price
Short-term, medium-term, and long-term business loans from well-known banks and NBFCs are a great funding solution for your firm.

Loans that are more flexible
Withdraw only what you need, and return at a rate that suits your business's cash flow. You only pay interest on EMIs for the first year of the loan, and only on the amount withdrawn is interest levied.

Easy Unsecured Loans with No Hassle
Business Loans are unsecured loans that can be issued in short period of time and requires less documentation.

Risk-free Business Loans
This means your personal or business assets are not at danger, and because there are no asset appraisals for valuation, you benefit from speedy approval and disbursement.

Account Access Through the Internet
You're simply free with the ease of accessing your business loan account for loan statements and other information, allowing you to manage your loan from anywhere at any time.

Eligibility for Business Loan

Age
Individuals between the ages of 24 and 65 are most likely to get approved for a business loan.

Current Business Experience
Banks prefer businesses that have been growing steadily for at least the last three years. Obtaining a business loan should not be difficult if you can demonstrate consistent invoicing and revenue, as well as profit. Some banks can lend you up to 60% to 80% of your average annual revenues.

Total Business Experience
A bank will be more likely to consider you for a loan if you have been in business for at least 5 years. Your business loan application will be aided by your diversity in terms of business experience and other factors, as well as your positive results.

Documents required
Identity proof, address proof, and a bank statement are all required documents (Latest 6 months) The most recent ITR, as well as other supporting documentation such as a balance sheet, profit and loss statement, and audit report (Certified by a CA)

Nationality
Indian citizen who has never been convicted of a crime

Credit Score
A credit score of 700 or higher is required.

Get Loan Adviser

Call us today, leave a message, email or find your nearest office below and We are here for you 24 hours , 7 days a week.

We are here for you 24 hours a day, 7 days a week

Address : 309, 3rd Floor, Padma Tower 2, Rajendra place , New Delhi

Email : info@lendingbasket.in

Make An Appointment