Why Apply for a Business Loan
A business loan can be a strategic financial tool to help your company grow, stay agile, and maintain operational stability. Here are several key reasons to consider applying:
- Expand your operations by opening new locations or increasing production capacity
- Maintain healthy cash flow during seasonal or slow periods
- Purchase new equipment or stock up on inventory
- Hire additional staff or invest in employee training and development
- Upgrade technology systems or physical infrastructure
- Fulfill large orders or meet project demands with confidence
- Consolidate or refinance existing debt on more favorable terms
Business loans empower you to manage large expenses and scale your business without placing strain on working capital.
Features and Benefits
- Access to both secured and unsecured loan options
- Unsecured loans available up to ₹1 Crore
- Term loans and working capital loans offered under unsecured loan category
- Cash credit accounts and working capital facilities available under secured loan offerings
Eligibility Criteria
- Applicants must be between 21 and 70 years of age
- Business must have a minimum of three years of continuous operation
- A credit score above 700 significantly improves approval chances