Business loan and Personal Loan

 


Business loan and Personal Loan

A business loan is a loan that is provided by banks, financial bodies, or NBFCs (Non-Banking Financial Company) to meet the financial requirements of the business owners. It is also known as capital loan or a working loan.  

To acquire a business loan, you should meet the eligibility criteria of the banks. They ask for many documents to show the eligibility of the individuals for the hassle-free loan process. It can be availed by any Individuals, salaried person professionals, entrepreneurs, MSMEs (Micro Small Medium Enterprises), etc.

Financial institutions and banks supply unsecured loans for business purposes. The rate of interest on these loans is higher than that on secured loans and these loans are payable in Equal Monthly Instalments (EMI). Business loans help the borrowers to uplift their business.

To avail Business loan and Personal Loan, you should have Strong credit score. You can get Loan Amount Up to Rs 1 crore and remember that funds should be used to meet short-term working capital in the business.

A personal loan is the loan that we borrow money from a bank, or non-banking financial company (NBFC) to meet personal needs and day-to-day emergencies. These loans are the most popular unsecured loans and are not backed by collateral and not huge amount loans. Due to unsecured loans the lender cannot auction or sell anything of the borrower's assets. It secures you from the risk of Lossing your owns.

Personal Loan are usually a medium-term solution for managing your expenses and can be used to help to manage your finances related to travel plans, medical emergencies, home renovation, wedding ceremonies, etc.

Benefits of taking a loan from Financeseva?

With Financeseva, your process for a business loan becomes quick and easy within just three effortless steps. There is an online application for any loan whether it is a business loan or personal loan. You can visit our website to get more information in detail.

Location: Delhi, India

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