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What is a Business Loans

Business Loan is an unsecured loan used to meet the day-to-day business requirements of business enterprises. These are collateral free loans sanctioned on the basis of your business profile. Business loans can be used for business expansion purposes, cash flow management, purchase of equipment/machinery, purchase raw materials and much more.

Apply Business Loan Online at Low Interest Rate

Features of Business Loan

  • Interest Rate: 11.90% p.a onwards. Processing fees vary from lender to lender
  • Collateral free loans which can be used for business expansion purposes, cash flow management, purchase of equipment/machinery, purchase raw materials and much more
  • The maximum loan that can be borrowed is Rs.1 cr which can be increased as per the business requirement.
  • Repayment can be done from 12 months to 5 years

Our Process

Documentation Required

  • Recent Passport sized Photographs of applicants
  • Identity Proof - PAN card , Aadhaar, Passport, Voter's ID, Driving License
  • Address Proof - Voter's ID, Aadhar copy, Passport, Driving license, Water Bill, Electricity Bill
  • Business Address Proof
  • GST Registration Certificate
  • Proof of business existence for last 3 years
  • Last 6 months bank statement
  • Last 3 years’ Income Tax Return (ITR copy)
  • Balance sheet and Profit & Loss account statement
  • Certified Copy of Partnership Deed/ Memorandum of Articles of Association

What are the Uses of Business Loan

Term Loans: Terms loans are generally available for short term, long term or intermediate loans depending upon eligibility. The term may range from 1 year to 5 years. Such loans are generally obtained to finance business expansion or to set up a new unit.

Working Capital Loans: loans are needed for business purposes and day to day working capital requirements. Getting working capital is essential to make the business work. There are other different modes may be used to finance working capital needs.

Overdrafts: An overdraft can be understood as a temporary loan. When an account holder overdraws from his current account, he is liable to pay a higher rate of interest on the borrowed amount.

Start‐up Loans: Some financial institutions (FI) have special lending facilities for start-ups. The lender has to be convinced about a business plan. They may ask for some assets as collateral against the loan. In such a situation, the FI will assess the credit history of the promoter of the business like his background, assets and liabilities, educational background, business plan and its feasibility. There are special schemes and programs designed for the new-comers.

MyLendingStation is the best business loan provider company for small and medium businesses in Dwarka, Janakpuri, Tilak Nagar, Vikaspuri, Delhi Cantt, Palam, Najafgarh, West Delhi, and Gurgaon. We offer you to apply for a business loan online at the lowest interest rate from India's leading banks and financial institutions to meet the day-to-day business requirements of business owners or enterprises. If you want to do a business expansion, start a new business (Startup), manage cash flow, purchase equipment and raw materials for your office, upgrade inventory, and much more, then feel free to contact us, we will provide a comprehensive business loan solution to boost your business.

Apply for best business loan schemes

About Us

We founded LendingStation with the idea to assist borrowers with the best products available with Lenders as per their requirements. We are a technology driven company setup up by a professional team of financial experts.  Our single objective is to keep our customers happy by providing best of our services. We are associated with leading banks and financial institutions in the country.

Contact us and get your best loan offer today.