Chennai’s economic boom is largely attributed to its Information Technology sector. With rise in skilled technical talent and multinationals pouring, it is a good time for small businesses to consider technological advancement.
If the technological systems are difficult to procure, there is always a business loan you may avail to support your efforts. There are several financial institutions and NBFCs ready to lend unsecured business loan in Chennai.
Flexi Loan Facility
You can enjoy flexi loan facility which lets you withdraw on daily basis from your sanctioned amount, on a daily basis. Interest is charged on these daily withdrawals. Therefore, it has affordable EMIs and you can save up to 45% on them. The principal amount can be withdrawn at the end of the tenure.
Other Benefits: You get a maximum of up to Rs. 30 lakh with minimal documentation. A good CIBIL score ensures you get a high loan amount and affordable interest rate. Also, this is a collateral free loan and you do not have to pledge any security to avail it. There are zero repayment and foreclosure charges.
Online Loan Management
You can fill out an online application form for instant finance to procure new technology. An online loan is easy to track and maintain. You just need your login details to access it from anywhere anytime and in the process make informed decisions.
Also Read : How Small Businesses in Chennai Can Use Technology to Grow Their Business
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.