Owning a business takes a lot of courage and instinct. How do you add a new product or open a new office or offer new services without burning a hole in your own pocket? When you own a business a lot of things can occur which will throw your finances a little off balance. Recurring costs, logistics, unexpected damages can all make you question the risks of owning a business. For a business to run successfully, it must have sources of finance because setting up business costs money. A loan that is specifically intended for business purposes is called a Business Loan.
A unique Business Loan without security is now offered by the Aditya Birla Capital. For the expansion of their businesses or purchasing new machinery, companies can consider taking Aditya Birla Business Loans. There are many growing businesses these days and in this increasingly competitive environment, it helps businesses by providing the edge through funding. This loan has been designed for both independent and non-independent establishments and can be used by entrepreneurs, manufacturers, and even established companies. You can get this unique Business Loan at affordable interest rates!
Special Features of Aditya Birla Business Loan
Aditya Birla Business Loan comes with some attractive features, such as:
- A loan amount ranging from Rs. 50,000 to a maximum Rs. 15 Lakhs.
- Aditya Birla has a flexible tenure option of 6 to 36 months.
- A fixed interest rate throughout the tenure of the loan, starting from 14%.
- You can apply for Aditya Birla Business Loan online anytime. There is no lengthy process extending for months. You can Apply for Business Loan in just 3 simple steps.
- Repayment channels include electronic clearance service (ECS) and national automated clearing house (NACH).
- No security or collateral is required. You just need to share a few basic details to get the loan.
- Repayment can be done in easy instalments.
To process this loan, a few documents are required such as:
- PAN card
- Aadhaar card
- Current Account’s Bank statement for the last 1 year.
- Business continuity proof: The business should be at least a year old.
- Income tax returns and audited financials for the last 2 years
- KYC documents
How Can You Get This Loan?
You can get this loan by going through the following four simple steps:
Step 1: You can apply online by filling in your personal, financial, and business details.
Step 2: You will soon receive a call from the loan specialists, guide you through documentation and other associated processes.
Step 3: After document verification by the lender, your loan will be sanctioned (if the verification is done successfully).
Step 4: After successful verification, you will get a loan agreement, if you agree with the terms and conditions and sign the agreement; the sanctioned loan amount will be deposited in your bank account within a few days’ time.
If you have started a business recently and looking for a financial support to expand it and take it to the next level of success, Aditya Birla Business Loan with its amazing features can help you fuel that dream.
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