Running a business means paying for business related expenses. Funds are a pre-requisite for expenses such as start-up expenses, business expansion, working capital, etc. When adequate funds are not available, businesses can avail funds from external lenders such as Banks and NBFCs for such expenses, and the funds that are availed are known as business loans. Thus, business loans are debts that a company must repay in accordance with the terms and conditions in the loan agreement.
To apply for a business loan, go to the Business Loan page and select from an array of options offered by Ruloans Partner Banks and NBFCs to apply.
Eligibility criteria to avail Business Loan are as follows
Companies applying for business loans are categorized as follows
The slider method does require you to key in the preferred numbers. Moving the slider to the required range from a given range gives you results at the same time. The results are displayed as follows
Calculate your Business Loan EMI now
Your Loan EMI depends on three factors.
Use the following mathematical formula to calculate you EMI.EMI = P x r x ( 1 + r ) n / [ ( 1 + r ) n - 1 ]