There comes a time in every business’s lifecycle when they are in need of funds. Though, there are several ways the business can cope up with financial emergencies but liquidating their savings is certainly advised against. This is because, your savings are for a time when you won’t be working or to suffice for any immediate or daily financial need. A wiser option is to opt for business financing from reputed and experienced lenders such as NBFCs. There are several benefits to this kind of financing for your business. Let’s know them here -
You can apply for the loan online at the lender’s official website by filling up a simple e-form with minimum paperwork. Upon verification, eligible applicants receive instant loan approval and quick disbursement
Applicants can avail high value loan amount up to Rs. 30 lakhs at affordable rate of interest and flexible repayment tenure. Though, it must be noted that loan terms may vary as per the individual profile of the applicant and lender’s eligibility criteria. While applying, applicants can even check out pre-approved offers designed exclusively for them and floated from time to time.
Being unsecured in nature the applicant does not have to pledge any collateral/ security/ guarantor to secure the loan. This way they can avail instant financing without having to furnish elaborate paperwork for it.
Moreover, lenders offer the Flexi Loan facility. This is a unique feature which lets you borrow as per your needs from the loan amount sanctioned. Interest is charged on these daily withdrawals which helps to lower the EMIs and thus helps to manage the loan well.
Also Read: Business loan vs. Liquidating Your Savings: Which is the Best?
Aman Khanna is an experienced financial advisor who is well known for his ability to foretell the market trends as well as for his financial astuteness. He has an MBA in finance from Toronto University as well as years of experience delivering seminars on sound financial practices and debt management.