Business Loan is a financial aid provided by banks and NBFCs to attain the funds for expansion or to meet the expenses of the business. What makes Business loan special is that you can use it for any purpose of your business either to use it as your working capital or just to possess a new asset.
What are the key features of Unsecured Business Loan?
If you are looking at hassle free, fast processing with easy documentation and no collateral or security to be offered, then Unsecured Business loan is just the product for you.
Who can avail Unsecured Business Loan?
Unsecured Business Loan can be availed by SME, professionals, manufacturers, service providers and traders.
Am I eligible to get the Business Loan?
There are certain parameters, which needs to be fulfilled to be eligible to apply for the business loan
Minimum age of Applicant-21 years
Maximum age at loan Maturity-60 years
Minimum period in current business-2 years
GST Registeration- Business should have GST Registeration
Can I apply for business loan if my credits are not good?
Yes, you can apply for the business loan even with the bad credits and for that all you have to do is to give an assurance to Tradeudhaar that you will be able to repay the loan.
How much loan amount I can attain?
You can get loan amount as low as INR 50 thousand to as high as INR 50 lakhs, with tenure period of 1-3 years to repay the loan.
Is it possible to pre-pay the loan and how long do I have to wait for that?
Yes, you can make the Forclosure of loan after First installment from the date of loan disbursal.
What are the steps of getting the loan?
Filling up loan application form through Tradeudhaar customer journey
Submitting form and documents
Sanctioning of loan
executing the agreement
Disbursal of loan
What is the mode of payment I can use to repay the loan?
You can repay the loan, using Automatic Clearing House (ACH).
How long do I have to wait to receive the loan amount?
Once your documents are submitted, processing of the loan will take 48 working Hours.
Is there any application fee of applying for business loan online?
No, you don’t have to pay any application fee. You can fill the form online and there won’t be any charges for that.