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Business Loan Information & Eligibility in Delhi NCR through LoanMoney

Business Loan Information & Eligibility in Delhi NCR through LoanMoney

Capital is a vital component for the success of commerce today Finance holds the key to its development and needed from inception of business, formation of assets to generate income, running day to day expenses and expansion of sales etc.

LaonMoney is an Authorized Direct Selling Agents of various National, Multinational and Non Banking Financial Companies for promoting their sales for asset division. Apply for Business Loan Now

LoanMoney can provide Business Loan from:-

Business Loan from Nationalised Bank: Canara Bank, Allahabad Bank, Andhra Bank, Bank of India, Bank of Maharashtra, Central Bank of India, Dena Bank,IDBI Bank, Jammu and Kashmir Bank, Karnataka Bank, Punjab and Sindh Bank, Syndicate Bank, UCO Bank, Union Bank of India, United Bank of India, Vijiya Bank, State Bank of India, Punjab National Bank and Bank of Baroda.

Business Loan from Private Bank: Bandhan Bank, Corporation Bank, DCB Bank, Federal Bank, IDFC Bank, Indian Bank, Indian Overseas Bank, Oriental Bank of Commerce, South Indian Bank, HDFC Bank, ICICI Bank , Yes Bank, Axis Bank, Kotak Mahindra Bank, Standard Chartered Bank, HSBC Bank, Deutsche Bank, Induslnd Bank and RBL Bank.

Business Loan from Non Banking Financial Company (NBFC): DHFL Home, Indiabulls, Tata Capital, Bajaj Finserv, Capital First, Fullerton India, Aditya Birla Finance, LIC Housing Finance, Magma Fincorp, Reliance Capital and Tata Capital.

LoanMoney will get you an approval in Less Processing Time, Easily Available Loan, Lowers Interest Rates, No Agent or Middleman Charges. Apply for Business Loan Now

Business Loans are offered in two types, Secured and unsecured.

For a Secured Business Loan

  • The borrower needs to pledge
  • Business or personal properties used for Residential/ Commercial/ Industrial/ Plot
  • Stock or Inventory of Raw / Semi/ Finished products
  • Machinery new or old.
  • Vehicles.
  • Shares and Securities
  • Debtors.

As security against the loan amount taken, above thing can be kept as collateral which is having clear/ marketable title. The loan tenor is for 5-10 yrs and rate of interest is depending on collateral offered.

For unsecured Business loans

There is no requirement of any collateral from the borrower. However, while availing an unsecured business loan, the borrower needs to pay a high interest rate. Moreover, the loan amount is taken for a smaller tenure when compared to a secured loan. According to the their tenure, business loans can be further diversified.

General Factors Effecting Eligibility for Business Loan

a. Type of Organisation f. Gross Profit Margin k. Market Value of Property
b. Vintage in Business g. Net Profit Margin l. Banking
c. Type of Industry h. Debtors & Creditors cycle m. Assets of Company
d. Current Exposre of Loans i. Net Worth of Promotors  
e. Turnover j. Credit History of Key people  

Loan Amount Calculation ( Indicative)

On Profit (a) Net Profit ( Before Interest, Depreciation, Intererst on Loans, Salary to Director's/ Partner's and Tax) / 12
(b) Total Monthly existing Loan obligations
(c) A -B is Max EMI possible
On Turnover (A) Annual Income = Audited T/O x Industry Margin %
(B) Monthly Computed Income = (A) / 12
(C) DBR = 50 -60% of (B)
(D) Obligation Per Month
(E) Max EMI = ( C ) - (D)
On Existing Loan Track Perosnal Loan: Total Existing EMI x 35%
Car Loan: As Per Car Category Loan Amount 6 - 15 Lacs
Home Loan/ LAP: EMI x 15 Times

Eligibilty for Secured Business Loan & Unsecured Business Loan

The applicant must meet the below eligibility criteria's 

Sl. No. Eligibility Terms Secured Unsecured
1 Min. age 21 years 22 years
2 Max. age 65 years 70 years
3 Minimum income (annual) INR 2 Lacs 200000
4 Minimum loan amount : INR 10 Lacs 1000000
5 Maximum loan amount : INR 25 Cr 750000
6 Min. years of buss. existence : 3 Yrs Not Applicable
7 Minimum loan tenure : 3 year 3 year
8 Maximum loan tenure : 15 years 5 years
9 Minimum turnover require: INR 1 Cr 75 Lacs

Know more about Business Loan

Business Loan

A business loan is a loan specifically intended for business purposes. As with all loans, it involves the creation of a debt, which will be repaid with added interest. There are a number of different types of business loans, including bank loans, mezzanine financing, asset-based financing, invoice financing, microloans, business cash advances and cash flow loans. Read more...

Apply Business Loan

Apply for Business Loan with Flexi EMI Options, Minimal Documentation, Less Processing Time, Easily Available Loan, Lowers Interest Rates and No Agent or Middleman Charges. Read more...

Business Loan Interest Rates

Compare business loan interest rates of leading banks & NBFCs and process to apply for quick business loans. Read more...

Business Loan Documentation

Check out the list of documents required for Business Loans in Delhi NCR through LoanMoney, and apply for your own Business Loan easily. Read more...Read more...

Why choose LoanMoney for taking Business Loan in Delhi NCR through LoanMoney

 Running a successful business is not an easy task. There are always ups and downs you will face, as a business owner. LoanMoney understand that meeting every financial need is not simple and sometimes you do need a helping hand.

LoanMoney take special pride in being that institution that can facilitate you when you need help the most. 

  • Quick disbursement: Once all your documents are in proper position, your Business Loan    can be disbursed within 3 working days.
  • Business Loan Interest Rates: LoanMoney ensures in applying the best market practices and adheres to the principle of giving its valuable customers the best business Loan interest rates.
  • Flexible EMI option: LoanMoney provides you the option and convenience of to customise your monthly Loan repayment instalment that is best suited for your company's cash flow.
  • Less Processing Time – LoanMoney guarantees that the processing time involved in getting Business Loan from  is very less.
  • Minimum Paperwork – LoanMoney ensures that getting a Business Loan does not require verification of any asset or any other kind of proofs and certificates that involve a lot of paperwork.
  • Schemes and Offers – LoanMoney keeps you updated with special schemes and offers of for professionals like Chartered Accountants, Doctors and Architects etc.

LoanMoney will get you an approval in quickest possible time. All you need to do is visit LoanMoney.in and fill an enquiry form. You can also drop a mail to info@LoanMoney.in or call to +91-8130 222 111. A LoanMoney representative will get in touch with you and collect your documents from your doorstep. Apply for Business Loan Now

 

Apply Business Loan

 

It is a type of unsecured loan and helps to meet your current financial needs. You don't need any security/collateral while availing it. Personal Loan is your solution for instant cash and can be used for travelling, wedding, medical emergency, home renovation, or anything else.

 

Home Loan is a Secured loan offered against the security of a house/property which is funded by the banks and NBFCs the property could be a personal property or a commercial one. Home loans consist of an adjustable or fixed interest rate and payment terms.

 

Loan Against Property belongs to the secured loan category where the borrower gives a guarantee by using his property as security. Banks and financial institutions offer this LAP, which can either be a residential/commercial building or a piece of land.

 

A Business Loan is a loan specifically intended for business purposes. As with all loans, it involves the creation of a debt, which will be repaid with added interest. Banks and other financial institutions are there to provide you with suitable lending assistance.

Different Purposes for Personal Loan through LoanMoney

Marriages are made in heaven and its celebration is one of the happiest and memorable events for married couples and their families. Wedding loan is available to people looking to meet their wedding expenses in order to make the wedding a grand success.
Debt consolidation/ Financial Restructuring is a process to streamline one’s financial stability and debt. Thus by consolidating many small debts with one debt, one gets favourable payment off terms and lower burden of EMI.
Home is the place where your story generates. Home Renovation Loans are designed for the purpose of renovating a house and can be taken by a person who owns the property to be renovated.
A Medical Loan is extended by a bank or a financial institution under the category of personal loans. A medical loan can be used for multiple emergency purposes such as an operation, surgery, procedure, therapy or for any concern related to health.
The Education Loanaims at providing financial support from the bank to deserving/ meritorious students for pursuing higher education in India and abroad. Students enrolled in career-oriented courses e.g. medicine, engineering, management etc, can avail this.
Balance transfer is the process where a customer transfers his outstanding principal amount to another bank or financial institute primarily for a better rate of interest and also for better features. Balance transfer reduces your interest rates and finally ensure saving.
Travel loan is a kind of Personal Loan that you can apply while planning a travel. It can help to cover the costs associated with your holiday, such as airfares, accommodation, hotel fares, tour packages, travel gears/accessories, or any other type of expenses associated with your travel.
The Credit Card Payment Loan is designed to allow you to take control of your finances and pay your credit cards off faster. This is made possible by consolidating your high-interest card balances into one monthly payment at a fixed rate and term.

Disclaimer: LoanMoney is not a Loan Providing Organization. We are facilitating the Loan Process from various Banks & NBFC. The rate, eligibility criteria, term & conditions of various banks are subject to change as per bank discretion. We try our best to keep the data up-to-date, but we can't guarantee the accuracy of data provided in this site. LoanMoney help you to embark on your dream at the right time with many Banks/NBFC's Loan opportunities available! Follow a few simple steps to help LoanMoney team understand your requirements.

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