Planning to revamp your business, increase working capital, buy new machinery, or even hiring new workforce? Business Loan deals at Eprimeloans are customized to meet your varying business needs. We provide startup business loans at lowest possible business loan interest rates as we work in association with leading banks and NBFCs.
At Eprimeloans, you get quick, affordable, and hassle free business loans with flexible repayment options. Our business loan deals are specially customized to suit your business plans.
Banks may not entertain small business owners with small ticket short term loan requirements for working capital. Moreover, securing a small business loan from banks is a lengthy process that usually requires collateral and countless paper work.
If you are also among those medium and small business owners, then you need to explore our online business loans for securing funds quickly and without collateral.
A quick glance at the below mentioned table will give every single detail relating to the Business Loan interest rates from India’s leading banks.
Unveil multiple benefits of online small business loans for MSME business owners.
Availing loan has never been this swift!!! Eprimeloans offer business loans for small or medium-sized business with zero collateral, fewer documents, and loan disbursed in about 2 working days.
Note: The above mentioned business loan interest rates, fees and charges are subject to change which depend entirely on the discretion of banks, NBFCs and RBI.
To furnish identity proof of a private ltd. company or a Partnership firm, you can furnish any of the ID proofs including Electricity bill / water bill / municipal tax bill / GST registration / Excise registration / IT return / PAN ID / registration under Shops and Establishment Act and/or Memorandum and Articles of Association.
If you are interested in starting your own business venture, you can avail a start-up business loan from Eprimeloans. However, many financial institutions refuse to offer business loans to start-ups if they find their business idea not feasible. They mostly offer business loans to businesses which have already been running for minimum of last 6 months.
Yes, you are allowed to avail business loan regardless of the fact that you have bad credit. People with bad credit have two available options. One is secured business loan and other unsecured business loan. You may be asked to pledge your assets such as gold, or property as collateral in case of secured business loans. In case of unsecured business loan with bad credit, you will still be able to get business loan but at a higher interest rate.
There are many organizations that refuse to give business loan against commercial property or industrial property. However, many institutes offer business loan in the form of Loan against property.
Normally, the processing fee is in the range of 1-3% of the loan amount. This fee is deducted from the business loan amount at the time of loan disbursal.
No, you won’t be required to pay additional charges, over and above the charges specified in the schedule of charges.
In the event that you wouldn’t be able to make EMI payment or there’s an ECS bounce, then you will be charged penalties or ECS bounce charges.
The Business loan can be repaid through Equated Monthly Instalments in any of the following ways:
– Through Post-Dated Cheques
– Electronic Clearing Service
– Direct Debit
People usually opt for the last two methods to make business loan repayments. When you opt for ECS mode of payment, you provide a mandate to your bank, allowing the lending organization to debit the monthly payment through your bank account. Direct debit also works on same fundamental; you give lending organisation to take funds from account on monthly basis. In the case of ECS, you can change the amount to be debited by a sending a request to the bank. This can’t be done in case of direct debit since the amount remains fixed.