Business loan is a type of unsecured loan that any business entity can avail on specific criteria, such as income level, business history (at least 2 years old), credit score, and repayment basis. There is no need for any type of collateral for business loan. This loan facility is used to expand the different types of small, medium and large enterprises, and business. It can also be used to meet the small or long-term financial requirements of the business.
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Yes, it is different for each bank.
There is no requirement of any kind of collateral in the unsecured business loan.
The amount will be calculated based on your income and other parameters.
Yes, our call centre executive can help you choose the best offers from multiple offers.
Credit reports- Record of the credit history of the borrower from many sources, including banks, credit card companies, collection agencies and governments. The Credit Information Bureau of India Limited (CIBIL) maintains the credit history. It is important that you have a good credit score with CIBIL if you want to take a hassle-free approach and a quick loan.