Maintaining a stable cash flow in business is very important to not only run the daily working smoothly but also to ensure that there is no delay in the production. There are many more reasons why an individual would need a business loan like purchasing latest machinery, to expand the business, to finance a new project, to turn around losses into profits and also to repay short term debts.
You can avail a business loan after fulfilling the eligibility criteria that consists of the turnover of the business, the industry that is operating under and many more details. Since this loan has minimum documentation, the lenders in the market provide a business loan quickly and without any hassle to the individual. A business loan can be availed by self employed professionals and self employed professionals.
Minimum age - 25 years
Minimum Experience in business - 3 years
Minimum turnover of business - 40,00,000
Minimum Tax returns filed of business - 2 years
Amount (Max) - Up to 75,00,000
Annual Percentage (Min and Max) - 10.99% - 21.25%*
Tenure - 12-60 months*
1. Different categories of Business Loans - http://blog.ruloans.com/different-categories-of-business-loans/
2. Revamp your struggling business with a Business Loan - http://blog.ruloans.com/revamp-your-struggling-business-with-a-business-loan/
3. Go National - Take a business loan to expand business - http://blog.ruloans.com/go-national-take-a-business-loan-to-expand-business/
4. Benefits of a business loan to buy machinery - http://blog.ruloans.com/benefits-of-taking-a-business-loan-to-buy-machinery/
5. When is the right time to take a business loan - http://blog.ruloans.com/when-is-the-right-time-to-get-a-business-loan/
You pay the loan via EMI i.e. equated monthly installments.
Loan against property can be repaid in the form of EMI (Equated Monthly Installments).
Yes, you can track your application via SMS and email. We also provide the facility to track your application on our website via login menu.
For your loan-related queries, you can call our representative on 1800 2667576 or mail us at support@ruloans.com