Best Personal Loan App

Business loans are sanctioned to existing business owners or budding entrepreneurs looking to start their own business. The business loan amount helps them get their idea off the ground. Existing business owners can use the funds to take care business expenses. The loan amount includes the principal amount which is paid with interest in monthly installments. How affordable/reliable is a business loan? Can you, as a business owner honour your installments on time? Other than loans from banks and NBFCs, you can get personal loans for business from FinTech lenders as well. In this article, we discuss business loans in detail. Business loans are broadly categorized into two types - secured business loans and unsecured business loans. What is an Unsecured Business Loan? The main difference between secured and unsecured business loans is that the latter requires the you to offer collateral while an unsecured loan does not require you to pledge any security. For a lender, secured business lo

As a business owner, it's very important to ensure that your venture has adequate funds regularly so that you can meet daily expenses and not negatively impact your operations. If you ever run short of funds, a business loan will help you get the cash infusion you need, whenever, wherever. Numerous lenders across India will help you get an online business loan (also known as a personal loan for business) quickly and easily. All you need to do is ensure that you have a strong credit score and all the relevant documents handy (especially your business financials and IT returns). Most of you know what to look for and how to evaluate your business loan lender while doing your research. However, in this article, we'll tell you how to ascertain if a particular lender is legitimate or a fraud. Read on! 1.Asking for Money Upfront It doesn't matter if your lender tells you that your business loan will be sanctioned in just two minutes or that you're very close to receiving the

If you’re a business owner, you’ll already know that any business, big or small, requires adequate money at regular intervals to function smoothly. If you want to start your own venture, then there are several business loan companies in India that’ll help you get a business loan. However, be prepared, for a lot of your so-called ‘well-wishers’, friends, and extended family members will think it’s a crazy idea. All of them will have stories oh how they had that ‘one friend’ who started his own company with money from a business loan company only for it to go kaput later. Don’t let these instances deter you. As long as you believe in your idea and are confident of its success, nothing should stop you. If you already have your own venture, there are several good reasons to get a business loan . Read on: 1. Expanding Your Physical Space  Does your current office location have too many employees and very little space? Are you struggling to find cubicles for new hires? If that’s the case, yo

If you're a business owner, you'll know that adequate and continuous cash inflow is what drives business growth. Whether you're a salon or a food truck, every business needs a constant influx of cash to keep it running. You never know when or why you may need extra funds. You may have to purchase equipment, pay your employees, take care of large orders or even start expansion efforts. If you're relatively big and have been in business for more than five years, arranging cash is more manageable. But smaller companies might find it harder. That's why banks and other financial lenders offer business loans to such struggling business owners.  Business loans are generally divided into two categories: secured and unsecured. Secured business loans are those that are given when you pledge assets as collateral against them. Unsecured loans online are those that are provided solely based on your credit history and business cash flow. So, small businesses are the most likely

 Did you know that SMEs contribute to nearly half of India's exports? An SME, also called Small and Medium Enterprise, are categorized broadly into two categories - manufacturing and services. A company is classified either as a 'Small' or 'Medium' enterprise based on the investment amount. If you're the SME owner, you will require funds at regular intervals to keep your business running. In today's day and age, an online business loan is an excellent way to arrange for the needed funds. As long as you meet the eligibility criteria and have the necessary documents, applying for an online business loan shouldn't be too difficult. This article lists four ways you can benefit by taking out an online business loan. 1.Flexibility in Usage Once your lender approves your application for an online business loan and you receive the funds, you can use it to meet various business requirements. No matter who your lender is – a bank, NBFC or FinTech company – they w