Business Loan

What is?

Business Loan

An Business Loan one type of loan that helps to finance business’s activities.

If a business is in the process of launching and expanding its operations, it requires capital to develop. Making the most of market opportunities can be difficult without capital. Businesses utilize business loans to gain the capital they require.

Feature & Benefits

Quick process

Fincave can help you get a Business Loan quickly so that you do not have to fret about your operations being stopped or plans for growth being delayed because due to a lack of funds. In particular, Fincave could take advantage of Business loans that can be as high as Rs 50 lakh in 96 hours to a certain group of customers, as part of the business growth loan.

Less Documentation

One of the advantages that comes with Business Loans is that you don’t require lots of paperwork to apply for them. Actually, some clients can obtain loans without security, collateral, or guarantor to cover their needs from expansion to capital requirements. Additionally, you can avail doorstep service from Fincave.

lowest Rate of Interest

With the increase in bank completion, the rates for Business Loans are fairly affordable, which means that you can get the Business Loan without having to worry about huge fees for repayment. The interest rates charged by banks will differ from client to customer depending on creditworthiness, tenure, and the reason for which you are using the Loan is needed.

Flexible tenure

You can choose to select the duration for the loan. If you are looking to obtain a business Loan for a brief period to cover working capital costs You can get an annual loan. If you’re looking to grow your business, you could take out the loan for a more extended duration, such as for instance, 5 years or 10 years.

Speedy Disbursal

A speedier and more efficient disbursement is yet another Benefit of a Business Loan through Fincave. We provide rapid loans, so you can be in a safe and secure environment when you require funds to run your business. This is one of the main benefits for Business Loans, and we assure a rapid turnaround time to avoid the time it takes to complete your loan process.

EMI Calculator

Fincave EMI Calculator is a simplified and interactive calculator that allows you to calculate the amount of interest on your loan without doing any math.

EMI:

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Total Interest Payable:

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Total of Payments (Principal + Interest):

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FAQ's

What is the minimum turnover required for a Business Loan?

The minimum amount required to get a business loan is Rs.40 Lakhs.

What entities are eligible to receive a loan for business?

The business loan can be used for: Manufactures, Traders and Self-employed professionals, restaurants, hospitals, etc.

What is the maximum and minimum loan amount for a business loan?

The range of business loans available is from Rs.3 Lakhs to Rs.3 Crores.

What interest rate is applicable to business loans, Fixed or Variable?

Fincave offers business loans at a fixed interest rate.

Is there a foreclosure charge for closing a business loan?

If the foreclosure loan amount is not locked in within 12 months, it will be charged 6% to8%. Otherwise, it will be charged 5% plus GST and any other applicable levies.

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