Business Loan for Traders is intended to help business owners to meet their needs for purchasing goods and services, furnishing, working capital, renovating the business premises, purchasing new equipment, etc. What are the benefits of business loan for traders? 1. Quick approval If you are in need of urgent cash flow for buying machinery or equipment, upgrading the existing business property, etc., you can apply for the business loan for traders for up to INR 30 lakh within 48 hours of approval. 2. Flexible Loan Facility
Certain NBFCs offer you doorstep or flexible loan facility, where you have to pay 45% less on EMIs. This can be acquired if you apply for the flexi-loan facility or term loan for business finance. 3. No need for collateral For a business loan for traders, no collateral is required. This means you don’t have to put your personal or business assets as security for acquiring this loan amount. 4. Preapproved Offers: Certain banks or NBFCs provide pre-approved offers to the applicants, including reduction of rates from time-to-time and top-up loan. 5. Online Account Access: When applying online, you can easily access your loan statement, as well as manage your funds anywhere, anytime, through the online customer portal. Eligibility criteria:
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AuthorAman 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. |