To fulfil all your business endeavours; expansion, office renovation, modernisation, automation, equipment purchases, skill development, and more, you need capital. With LoanBaazar Business Loans, specially designed for MSMEs, you can provide your business with the momentum it needs and take it to newer heights. To make things convenient, we guarantee loans at reduced turnaround time for short and long term business needs.
For every business, funding is a key concern and a requisite for scaling up. But getting loans is not that simple, especially for small businesses.
This is where LoanBaazar promises to support. Our financial services are aimed at helping you overcome financial constraints and realise your business goals.
Dreaming to expand your business. At LoanBaazar.com we are here to make your dreams come true
Achieve all your goals and aspirations; with the right kind of help, exactly when you need it.
Working capital loans are designed to help businesses manage their day-to-day expenses, such as paying salaries, rent, and utility bills
Term loans are used for long-term capital investments, such as purchasing equipment, expanding the business, or acquiring another business.
Equipment loans are used to purchase new equipment or upgrade existing equipment. This type of loan is usually secured by the equipment itself.
Invoice financing is a type of loan that allows businesses to borrow money against their outstanding invoices. This type of loan is ideal for businesses that have a lot of outstanding invoices and need to improve their cash flow
All loans are not created equal, business loan has become a great option for people to use. Business loans come with several features that make them a popular choice for small and medium-sized businesses. Here are some of the key features of business loans :
To be eligible for a business loan, you must meet certain criteria such as business vintage, annual turnover and credit score. For new business setup or project also there is some banks grants the loan.
Your business must have been in operation for a certain number of years, which can vary depending on the lender. Typically, lenders require a minimum of 3 years of business vintage.
Your business must be registered with the appropriate government authorities, such as the Registrar of Companies or the GST department.
Depending on the lender and the loan amount, you may be required to provide collateral to secure the loan. Collateral can be in the form of property, machinery, or other assets.
Bank also look at your annual turnover to determine your eligibility for a business loan. The minimum turnover requirement can vary, but it is usually around Rs. 10 lakh per year.
Lenders will also want to see a business plan that outlines your business goals, strategies, and financial projections. This helps them determine the viability of your business and your ability to repay the loan
Your credit score is your creditworthiness and reflects your ability to repay loans. A good credit score is required to qualify for a business loan. The minimum credit score required can vary, but it is typically around 650 or higher.
If you have a question that deals with clients, customers or the public in general, there is bound to be a need for the FAQ page.
The maximum loan amount you can get depends on the lender and your eligibility criteria. Generally, lenders in India offer business loans ranging from a few lakhs to crores of rupees.
Yes, many lenders in India offer online application for business loans. This makes the process quick and convenient for business owners.
Depending on the lender and the loan amount, a collateral may or may not be required to secure the loan.
With the advent of technology, many lenders now offer online application and quick processing times. The processing time for a business loan can range from a few hours to a few days.
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Disclaimer: LoanBazaar or any of its associates will never request any payment to process or approve a loan. If any individual or organization demands such payment, they are doing so at their own risk, and LoanBazaar will not be held responsible for their actions. We advise our customers to be cautious and to report any such demands to us immediately. Loan approval is subject to meeting the eligibility criteria and following the application process, which may include the submission of required documents. LoanBazaar reserves the right to reject any loan application that does not meet our internal policies and procedures. The information provided on LoanBazaar's platform is for informational purposes only and should not be considered as financial or legal advice. The borrower is responsible for reviewing and understanding the terms and conditions of any loan agreement before accepting it. LoanBazaar will not be liable for any financial loss or legal issues that may arise from the borrower's use of any loan product or lender found through our platform.