Business owners can protect their assets by purchasing business loan insurance. It is intended to guard against loss or damage to the company's fixed assets. The owner will then receive payment from this insurance for the cost of the destroyed asset. In this manner, your business can carry on uninterrupted with its regular operations. A business credit The purpose of insurance coverage is to help the company recover financially in the event that a working owner or other important employee passes away unexpectedly. The business owns the policy and pays the premiums, with the lender designated as the beneficiary. Once the security policy took effect, the loan would be made.
Most suitable for manufacturers, traders, service providers and professionals (doctors, CAs/ architects) ; not looking for long term commitments.
Funding without Mortgage / Collateral / Security / Guarantor.
Funding to be arranged in the name of the firm (Prop / Partnership / Pvt Ltd / Ltd).
No need of annual renewal; no need of monthly debtors-creditors list or stock statement.
No need to specify the end use of the availed funds.
Possible financing through multiple avenues at the same time, to arrange maximum loan amount (up to 20 Cr).
Genuine opinion, lucrative terms; fast processing.
Credit-based Approval
Flexible Loan Repayment
Speedy Turnaround Time
Low Interest Rates| 1 | Last 12 months’ GST returns. |
|---|---|
| 2 | Last 12 months’ Current and Cash Credit account statements. |
| 3 | Sanction letters and repayment schedules of all the live loans. |
| 4 | A copy of Identity proof i.e, Addhar card, Driving License, Voter ID Card. |
| 1 | Min turnover of 1 Cr. |
|---|---|
| 2 | Min 3 year’s business continuity. |
| 3 | Good track of existing loans |
| 4 | Information about the security or collateral that must be provided in the case of secured business loans. |
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