Some Quick Facts
Business Loan can be availed for all business purpose like working capital requirement, purchasing of fixed assets, capacity expansion/ modernization, technology up-gradation...
The loan amount will depend on profit and years of business and cash flow Eligibility for business loan will vary from bank to bank and will depend on various factors.
Business loans can be sanctioned for a fixed term (12-48 months) or may involve a revolving line of credit or they may be in the form of an overdraft facility.
Normally lender charges a fee of up to 2.5% of loan amount towards the processing of loan.
Customer service was excellent and timeliness of loan was great. Their loan experts was a great help. Would recommend them to anyone.
Had an awesome experience from the day I applied for my home loan. Their representative was very co-operative and handled my queries very efficiently.