Who can avail of SME Secured Loans ?
How much finance can I avail of ?
You can borrow up to 80% of your planned investment in plant and machinery, based upon your loan eligibility.
What are the tenure options?
Business loans range from a minimum of 6 months up to a maximum of 4 years.
How long will it take to process the loan?
Loans are processed within 4-5 working days of completing the documentation.
Do I need a guarantor?
Do I have the option of pre-paying the entire loan amount?
Yes. One can pre-pay the loan at any time after 6 months of availing of the loan. Foreclosure charges would be applicable.
How do I repay the loan?
You can make part pre-payments of a minimum amount of Rs 50,000 after 6 months from the date of first disbursement of the loan. This payment can be made only once in a financial year subject to a maximum of 25% of the balance outstanding against your loan amount at the start of the financial year.
How do I repay the loan ?
What are the stages involved in availing a loan?
The stages involved are:
Home Extension Loan is useful when you want to add more space to your existing home. We make it easy for you to extend your existing residential property as per your requirements. You often renovate your home to suit your changing needs. This loan can be used to carry out repairs / improvements within your existing owned residential properties.
Personal loans are taken primarily for fulfilling your personal aspirations such as vacation, a perfect wedding, home renovation or a much desired gadget. In addition to being relatively easy to apply for, personal loans are unsecured loans which means that you don't need any collateral to take this loan. They are one of the simplest form of loans with customer-friendly repayment terms.
A sudden requirement of funds is an unavoidable circumstance of business or personal life. Whether a personal necessity (hospitalization, child's marriage) or a professional one (expanding business operations on a priority basis), every person requires immediate financial backing at key moments.
In this context, it is pertinent to consider an invaluable alternative source of finance known as Loan Against Property (LAP). This is a loan borrowed by placing one's owned property as collateral. The funding may be given by financial institutions after scrutinizing the validity of the said property and its current market value.
Running a business is not easy. You have to constantly think of ways and means to keep it going and growing. As a part of the growth plan, you require financing for expanding operations or to buy new equipment or inventory or simply increase the working capital. To help you with your financing needs we offer Business Loans that will help your business grow.
LaonMoney is an Authorized Direct Selling Agents of various National, Multinational and Non Banking Financial Companies for promoting their sales for asset division. Feel free to contact us at firstname.lastname@example.org or +91-8130 222 111 for Transparent and Fastest Processing of Loan.
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