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A business loan is an unsecured credit you can avail to meet your urgent business requirements. Business loans allow you to usher in funds for your enterprise to expand your business.
A business loan can be used for expenses like business expansion, boost production, buying new machinery, etc.
The following people are eligible to apply for an Instant Business Loan at MoneyCredit:
EMIs (Equated Monthly Instalments) of Business Loan start from Rs.1,929/- to Rs.8,999/-.
MoneyCredit provides business loans through top banks in India that offer the lowest Business Loan Interest Rates.
Become a MoneyCredit member and get personalised consultation on getting loans at the lowest rates.
MoneyCredit facilitates you with business loan offers if your Credit score is 700 or higher.
The CIBIL score must be 700 or higher.
Once your application is submitted along with your documents, it can take anywhere between 1-7 days for your business loan to get approved and a couple of days after that for the disbursement.
As per CIBIL, credit score ranges from 300 to 900 and those with a score of at least 750 points, get quicker loan approvals from MoneyCredit.
Following documents are required for availing a business loan:
Loan tenure ranging from a minimum of 6 months to a maximum of 72 months with Annual Interest Rates between 11% - 35%. Processing fee up to 2%. For Example: Considering a personal loan of Rs.1,00,000 availed at 11.5% interest rate for a tenure of 6 years with 2% processing fee, the APR will be 12.26%. *T&C Apply. All these numbers are tentative/indicative, the final loan specifics may vary depending upon the customer profile and NBFCs' criteria, rules & regulations, and terms & conditions. Company Registered Address : 3rd floor, Plot no-28, Parvati Nagar co-op HSG Society - 2 Katargam, Surat, Gujarat, India - 395004