Business Loan

What is Business Loan?

  1. Loan Amount: The maximum amount of money that a lender is willing to provide to a business. This amount can vary depending on factors like the financial health of the business, its creditworthiness, and the purpose of the loan.
  2. Interest Rate:  Interest rates can be fixed or variable. Fixed rates remain the same throughout the loan term, while variable rates can fluctuate based on market conditions.
  3. Loan Term: The period over which the loan is repaid. Business loan terms can range from a few months to several years, depending on the type of loan and the amount borrowed.
  4. Repayment Schedule: The schedule that tells when and how loan repayments are made. Repayments can be structured as monthly, quarterly, or annually, and may include both principal and interest payments.
  5. Collateral: Some business loans require collateral, such as real estate, equipment, or inventory, to secure the loan. Collateral provides the lender with a form of security in case the borrower defaults on the loan.
  6. Personal Guarantee: In addition to collateral, lenders may require a personal guarantee from the business owner or owners. A personal guarantee makes the individual(s) personally liable for repaying the loan if the business is unable to do so.
  7. Fees: Lenders may charge various fees associated with processing the loan, such as origination fees, application fees, or prepayment penalties. It’s essential to understand all the fees involved before agreeing to a loan.
  8. Prepayment Options: Some loans allow borrowers to repay the loan before the end of the term without incurring a penalty. Prepayment options can help businesses save money on interest payments by paying off the loan early.
  9. Flexibility: Different lenders offer varying degrees of flexibility with their loan terms. Some may offer the option to adjust repayment schedules or access additional funds during the loan term.
  10. Use of Funds: Business loans may have restrictions on how the funds can be used. Some loans are specifically designed for purposes like purchasing equipment, expanding operations, or covering short-term cash flow needs.

Benefits of choosing
SHANTI FINSERV
for your Business Loan:

COLLATERAL FREE LOANS

We provide you with collateral free business loans

HIGHEST ELIGIBILITY

We provide you with the highest eligibility, i.e,
One Crore from single bank

LOWEST INTEREST RATES

We provide you with the lowest interest rates from reputed banks and NBFCs. Rates starting from 14.99% onwards.
T&C Apply

THE LONGEST TENURE

We provide you with the longest tenure for your business loan;
upto 84 months or 7 years

TERM LOAN/
DROP-LINE OVERDRAFT

We provide you with dropline overdraft facility where you can start your EMI from first month and pay interest only on amount used

NIL
FORECLOSURE PENALTY

No pre-payment penalty
Close your loan anytime without any charges

NO
LOCK-IN PERIOD

We provide you with personal loan that has no lock-in period. It can be foreclosed even after one EMI.

PROFESSIONAL
LOANS

We provide you professional business loans on the basis of your professional degree.

How our consultancy works

JUST THREE EASY STEPS

Set up a Meeting/Call with us

Contact our team and set up a meeting/call to discuss all the requirements & procedure

Transfer the Documents

Submit all your documents as suggested by our team either digitally or physically

Sit Back and Relax

Our Competent team will do the rest of the work to ensure your loan is approved ASAP

DOCUMENTS REQUIRED

FOR SALARIED INDIVIDUALS :

3 Latest Salary Slips

3 Months Latest Salary Bank Statements

Form 16/Employee ID Card

Aadhaar Card & Pan Card both

FOR SELF EMPLOYED INDIVIDUALS :

Latest 2 years ITR computations and Financials

GST Registration Certificate

Latest 12 months GST returns

Latest 12 months Business Bank Statement

HAPPY CLIENTS
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Avail these benefits with us today:

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Contact us Today

Receive a call back from us

Our team is here to guide and support you every step of the way. Send in your queries and get a call back from us. Get the roadmap to your success. 

Call us now: +91 9356069968 

Are you looking for a Smart Loan?