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Business Loan In Thane

Business Loan

What is a business loan? 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, look no further than a LoanFastTrack Business Loan.

Businesses require an adequate amount of capital to fund startup expenses or pay for expansions. As such, companies take out business loans to gain the financial assistance they need. A business loan is debt that the company is obligated to repay according to the loan’s terms and conditions.

Business Loan Documentation

Self Employed/Professionals

1 Age Proof (PAN Card, Passport, Any other Certificate from Statutory Authority)
2 Residence Proof (Passport, Driving License, Telephone Bill, Ration Card, Election Card, Any other Certificate from Statutory Authority)
3 Certificate & Proof of business existence along with Business Profile
4 Last 3 years Income Tax returns (self and business) with Profit & Loss Account & Balance Sheets duly certified/audited by a Chartered Accountant
5 Last 12 months Bank Account Statements (self & business)

Advantages of a Business Loan

  • Quick disbursal: Banks will disburse a Business Loan quickly so that you don’t to worry about operations coming to a halt or growth plans delayed because of a lack of funds. For instance, Business Loans of up to Rs 50 lakh within 48 hours to certain preferred category of customers, under its Business Growth Loan.
  • Minimal documentation: One of the benefits of Business Loans is that you don’t need lots of paperwork to get them. In fact, some customers can get loans without any collateral, guarantor or security to meet their every need, from expansion to working capital requirement. You will also get doorstep services from some banks.
  • Competitive interest rates: Because of the growing completion among banks, the interest rates on Business Loans are quite reasonable, so that you can take out a Business Loan without worrying about large repayments. Of course, interest rates that bank charge will vary from customer to customer, according to creditworthiness, tenure and the purpose for which the Business Loan is required. Interest rates can vary from 11.5 percent to 24 percent.
  • Flexible tenures: You have the option of choosing the tenure of the loan. If you want to take out a Business Loan for a short period to meet working capital expenses, you can take a loan for a year. If you want it to expand your business, you can take out a loan for a longer period of time, like, say, four years.

Why Choose Loanfasttrack ?

Loanfasttrack is a free service provider. To secure your dream house, Loanfasttrack has a dedicated professional team which helps you to arrive at a smarter decision evaluating the attractive offers and best discounts from multiple banks.