Business Loan
Business Loan
Business loans are a type of lending facility provided by banks, non-bank financial companies, and other financial organisations to help people, business owners, MSMEs, and other commercial organisations with their financial needs. Startups, entrepreneurs, retailers, traders, manufacturers, self-employed professionals (CAs/Doctors), existing firms, and numerous other business entities can all apply for a business loan.Secured loans and unsecured loans are the two main categories of business loans. Secured loans are those in which the borrower must deposit security or collateral with the lender in order to receive funding. Unsecured loans, on the other hand, do not need the submission of any kind of security or collateral to the bank, NBFC, or other financial institution.
“You might be investing in new furnishings, making “”renovative”” changes to your home, covering the cost of your wedding, paying for your children’s education, or simply taking that long-awaited family vacation. Whatever your motivation, Annai Associates makes the process of applying for a personal loan simple and stress-free.
Come to Moneymax for personal loans, and we will provide you with a wide range of options from a wide range of banks and NBFCs to help you with any emergency or hospitalisation costs or other financial concerns. With speedy approvals, we minimise bureaucracy and maximise happiness.”
Age Criteria
CIBIL – 685 or Higher
Age – 24 to 70 yrs
Your business should also be at least 3 years old.
Documents Needed
KYC
- Duly filled application form along with passport-sized photographsKYC
- Documents of the applicant, including PAN card, Passport, Aadhar Card, Driving License, Voter ID card, Utility Bills (Water/Electricity Bills)
- Last 1 years’ bank statementCopy of Non-Collateral Overdraft, if anyCopy of Business IncorporationAny other document required by the lender
Our Benefits
- Flexibility. Borrowers could use loans to support them in achieving their business objectives Convenient Repayment Growth of your Business Purchase of Equipment Helps in expanding the business Strengthens business credit score Tax Saving The rate of Interest is lower.