best loans for business start up

best loans for business start up

best loans for business start up

best loans for business start up

best loans for business start up sociocrab socio crab

I have written this blog for those who are starting a business and need a loan to get started. So, here are the top three best loans for business start up.

3. Poonawalla Fincorp Business Loan:

I am recommending this because they offer some unique features. So, here’s what they promise.

Features:

  1. business loans up to ₹30 Lakhs
  2. Collateral-free (no need to pledge your assets)
  3. minimum documentation
  4. Competitive Interest rates
  5. Quick approvals
  6. flexible repayment tenure of up to 36 months
  7. No hidden costs.

Minimum requirements:

  • Age Limit: 22 years.
  • Work Experience: minimum 3 years to be eligible.
  • Annual Turnover: Of Rs. 20 Lakhs.

2. instacredit online business loan:

This is easy to take because you can apply for this loan online and the reviews are also good. so, what they promise.

Features:

  • Zero security fees
  • Simple and hassle-free application process
  • options to customize their repayment or EMI plans.
  • Approval in 24 hours.

Minimum requirements:

  1. The age of the borrower should be between 25 to 65 years.
  2. The applicant must have a CIBIL score of 700 or more.
  3. The applicant must own a profitable business running successfully for at least three financial years.
  4. The business turnover of the borrow must depict an upward trend.
  5. The balance sheet of the business must be audited by registered C.As.

1. bajajfinserv startup business loan :

Now, this is my most recommended option because I have taken this lone too for my startup a few years ago and it came out to be well. Most importantly their customer care service is very good, there is no confusion while taking loans. My most recommended suggestion, you can compare all these three.

Features:

  • 24 hour approval
  • Doorstep documentation
  • No Collateral (no need to pledge your assets)
  • affordable interests
  • Loans Up to 45 Lakhs

Minimum requirements:

  • Aged between 24 to 70 years.
  • business that is operating for atleast 3 years
  • has a CIBIL score of 685 or higher.

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