Have a Question regarding Business Loans? Check out Frequently Asked Questions about Business Loans. Find the answers to all your Business Loan queries and Get your clarification right here.
LaonMoney is an Authorized Direct Selling Agents of various National, Multinational and Non Banking Financial Companies for promoting their sales for asset division. Quick Form for Personal Loan in Delhi NCR Click here
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 and No Agent or Middleman Charges. Quick Form for Personal Loan in Delhi NCR Click here
How much loan amount can I borrow in a Business Loan?
You can borrow loan amount from Rs.10 Lakhs to Rs.35 Lakhs depending on your eligibility basis the financial documents submitted, repayment capacity and loan amount limit in your respective location.
EMI amount can be calculated using ‘EMI Calculator’ For how many months can I borrow a Business Loan?
We offer convenient repayment options from 12 to 36 months.
Do I have to pay any Processing Fees or Charges to avail a Business Loan?
A processing fee of a maximum of 3% of the loan amount (plus Service Tax at the prevailing rate) is required to be paid. This fee will be deducted from the Loan amount at the time of the disbursal of your loan.
Is there an option to prepay the Business Loan earlier? Are there any charges?
No foreclosure is allowed before the loan has completed 6 months. However, you can prepay the business loan after having paid 6 EMIs with applicable foreclosure charges (plus Service Tax at the prevailing rate). Foreclosure charges of 5% of the principal outstanding will be charged, if you foreclose the loan before 12 months. Foreclosure charges of 3% of the principal outstanding will be charged post completion of 12 months of the loan. Quick Form for Personal Loan in Delhi NCR Click here
Loan can be foreclosed by paying the foreclosure amount through a Demand Draft.
Are there any benefits of having a Current/Saving Account for my Business loan?
You get the benefit of easier documentation if you have a Current / Savings Account. You can avail paying your EMI through Standing Instructions to debit your Bank Account for the loan. This will be taken into consideration at the time of disbursal of the loan.
What are the different types of SME loans we provide?
Working capital: To bridge the working capital gap and foster growth of businesses. Business Expansion: For expansion of manufacturing facilities, increasing product lines, geographical expansion, technology upgrades, forward/backward integration, augmentation of project loan etc. Margin Money Funding: Margin money required for machinery purchase/LC/BG, purchase of business premises, etc. Quick Form for Personal Loan in Delhi NCR Click here
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 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...
Compare business loan interest rates of leading banks & NBFCs and process to apply for quick business loans. Read more...
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. Read more...
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...
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.