If you want to purchase the land to expand your working area banks will believe that your business is successful and needs growing. In this condition banks most likely give the pre-approval to your applications and quickly land the money to you.
When we talk about Equipments, business have a couple of choices. They can purchase the equipments or they can lease it. Business Loan can be a good reason to purchase the equipments or to buy the inventory. To know whether its good to purchase equipments or to lease it a cost-benfit analysis is required.
The money you use to manage day-to-day operations is known as working capital. Usually, the companies that have cyclical sales rely this type of loan to improve their day-to-day operations. Hence, Business Loan for improving working capital is a reasonable idea.
| Bank | Interest Rate | Loan Amount | Loan Tenure | Action |
|---|---|---|---|---|
| HDFC Bank | 15.65% (Rack interes | Rs.50,000 to Rs.50 lakh | 12 months to 48 months | Apply Now |
| Bajaj Finserv | 18% onwards | Up to Rs.30 lakh | As per the lender's terms and conditions | Apply Now |
| IIFL | 18% | Rs.1 lakh to Rs.50 lakh | 12 months to 48 months | Apply Now |
| Fullerton India | 13% (floating) | Up to Rs.50 lakh | 12 months to 48 months | Apply Now |
| DHFL | As per the lender's | Up to Rs.20 crore | Up to 5 years | Apply Now |
| Magma Fincorp | As per the lender's | Rs.2 lakh to Rs.2 crore (will vary based on the scheme type) | 12 months to 60 months (will vary based on the scheme type) | Apply Now |
| Kotak Mahindra Bank | 13% onwards | Rs.3 lakh to Rs.2 crore | 12 months to 60 months | Apply Now |
| Karnataka Bank | 10.3% onwards | Up to Rs.500 lakh (will vary based on the type of scheme) | Up to 120 months (will vary based on the type of scheme) | Apply Now |
| Tata Capital | 19% onwards | Rs.5 lakh to Rs.50 lakh | 12 months to 36 months | Apply Now |
| State Bank of India (Simplified Small Business Loan) | 8.25% onwards | Rs.10 lakh to Rs.25 lakh | Up to 60 months | Apply Now |
| Mahindra Finance (Unsecured Business Loan) | 17% onwards | Rs.1 lakh to Rs.5 lakh | Up to 12 months | Apply Now |
| Federal Bank | 12.30% | Up to Rs.2 crore | Up to 84 months | Apply Now |
| Standard Chartered Bank (Business Instalment Loan) | 17.25% onwards | Rs.10 lakh to Rs.75 lakh | Up to 60 months | Apply Now |
Do not wait any more, talk to us for your company requirements and we'll supply you the ideal company loan choices for you.
For obtaining a Business Loan in Delhi, the individual needs to be conducting a legitimate company with a sustainable income. For borrowers who need a Business Loan to begin a new company, there are a few additional requirements too they will need to fulfill. Different banks have different standards to rate debtor and sanction loans.
While approving the loan, following things are checked:| Maximum APR (Annual Percentage Rate) | 10.50% - 22%. |
| Fee applicable for BookMyMoney | Rs 0. |
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