Business loans are offered to small and medium enterprises towards working capital, expansion, or modernization of existing business. It could be either secured or unsecured. The idea is that if there is opportunity for growth at acceptable risk levels the banks will finance. Loan amounts offered could vary between Rs.5 lakh to Rs.50 lakh.
Secured loans could be against Property (movable /unmovable), Stocks or co-laterals like fixed deposits etc. Since the loans are secured the rate of interest likely would be lower than unsecured loans. Unsecured loans could be in the form of short, medium or long term loans for temporary/ bridge loans, Working capital or for purchase of machineries or other fixed assets.
We are tied up with some of the renowned Business Loan providers of India, offering loans at the most competitive interest rates. So, stop moving door to door in search of the cheapest business loans.
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