The Ultimate Guide to Business loan

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WHAT IS BUSINESS LOAN ?
Business loan is primarily a loan that you use to
grow your business by investing in capital
expenditure or funding the working capital gap.
In every businesss lifecycle at some point or
the other, you need to raise debt for growing it
efficiently or for smooth business operations by
meeting its working capital requirements. At
times like these, a business loan can be the best
financial help that a promoter can get.
WEB www.afinoz.com ? Mail info_at_afinoz.com ?
Call 8795021552
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HOW TO AVAIL BUSINESS LOAN EASILY ?
Apply through Afinoz to get quick hassle-free
business loan. Afinoz can get you business loan
easily because ? The application for business
loan is online ? You can fill the application
form in less than 5 minutes ? Bare minimum
documentation is required to apply for a
business loan ? You can apply with your PAN card,
current bank statement and business
registration certificate ? The loan amount is
credited to your bank account within a few
hours of approval
WEB www.afinoz.com ? Mail info_at_afinoz.com ?
Call 8795021552
WEB www.afinoz.com ? Mail info_at_afinoz.com ?
Call 8795021552
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INTEREST RATE FOR BUSINESS LOAN
Interest rates other charges applicable on a
loan depend upon the health of the firm i.e.
annual turnover and profitability amongst other
factors. We, at Afinoz, can assure you that we
will get you the best interest rate possible out
there considering all the above factors
Bank Name Rate Of interest Processing Charge
HDFC LIMITED 15.65 TO 21.20 Up to 2.5 of loan amount GST
ICICI BANK 15.50 TO 18.50 Up to 2 of loan amount GST
BANK OF BARODA 14.10 UP to 1 of the loan amount
WEB www.afinoz.com ? Mail info_at_afinoz.com ?
Call 8795021552
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BANK NAME RATE OF INTEREST PROCESSING CHARGE
Allahabad Bank 11.10 to 15.55 Rs. 229 per lack, min Rs. 2038 Max Rs. 22,928
State Bank of India 11.20 to 16.30 1 of loan amount Applicable tax
To Know about any other bank charges Please
Visit our Website www.afinoz.com Or call us
8795021552
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ELIGIBILITY FOR BUSINESS LOAN
A business loan can be availed with or without
providing security or collateral. It depends on
the bank and the amount of risk they are ready to
take on a particular business. It also depends
upon whether the loan is for an existing business
or to start a new one. ? The age of a loan
applicant must be between 21 to 65 years ?
Business should be profitable for a minimum of
past 2 years ? Minimum annual turnover of Rs. 15
lacs ? Co-applicants are optional and are not
compulsory required in case of a business
loan Note Required documents may vary from
institution to institution. Every lending entity
has its own criteria for documentation.
WEB www.afinoz.com ? Mail info_at_afinoz.com ?
Call 8795021552
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ABOUT AFINOZ BUSINESS LOAN
? Zero hidden charges ? Wide range of business
loans for SME, MSME etc. ? Customised credit
limit to suit various business endeavors ?
Competitive interest rates ? Loan against
securities (LAS) ? Repayment flexibility ?
Minimal documentation ? High standard of ethics,
transparency and integrity
WEB www.afinoz.com ? Mail info_at_afinoz.com ?
Call 8795021552
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