BUSINESS LOAN
This is the world for entrepreneurs, they say, and doing a business requires a lot of things such as assets, goals, planning, management, team, and especially, money. At Credit Insta, we believe in your potential of creating an innovative startup. This is why we provide you with the loan for it. Business loans are much better as they are easier to process with less documentation. Different types of financial assistance are provided along with different types of businesses that apply.
Anyone with an igniting passion can apply for business loans, whether they are organizations, individuals, or small-scale companies, and the list is endless. A business loan is further divided into two types: secured and unsecured loans. CreditInsta helps you with both services, and you can avail yourself of them in easy steps. In a secured loan, one has to provide collateral to the bank from which they are taking a loan. We have collaborated with many brands and can provide you with financial assistance starting from Rs 2,00,000. However, the assistance may depend on the potential of your business, your ideas, and the documentation that you provide. So, go ahead and apply today.
FACTORS THAT ARE RESPONSIBLE FOR QUICK BUSINESS LOANS
- Type of Business: How quickly you will get the business loan depends on the type of business that you are doing. How much capital amount you have invested, what is the turnover, and many factors including these are considered. The amount of business loans thoroughly depends on these factors.
- Credit Score: When you are applying for a business loan, a credit score is important. Maintaining a good credit score of 750 will provide you with the loan easily. Even a score of 650 may be able to get you the loan but the process may not be easy. Credit Insta provides you financial assistance throughout the process and makes the impossible "possible".
- Personalized Tenure: Credit Insta helps you in getting personalized tenure plans that depend on your requirement. If you are looking for an effective solution for your shorter financial need, you can set the timeline shorter and vice versa.
- Quick Documentation Process: Business loans are quicker than any other as they don't have a longer documentation process. You need some basic details with your business-related documents and you are done. The team of Credit Insta helps you in providing all the basic to advanced details.
What is the Eligibility?
The eligibility for getting a business loan is given down below. Credit Insta has removed all the hassle that comes in the way of taking loans. Few things that you need to consider:
- You need to have a turnover at least of Rs. 40 Lakh and more and it is only applicable for the existing business enterprises. If you are just beginning, then you can have a call with our team to know more.
- A credit score needs to be more than 750 as this is the basic score that every bank considers. You are eligible if you have this score.
- It is important to note that you should not have taken any defaulted loan before this otherwise your application won't be processed.
Know the rest of the details on the call and meet the team of Credit Insta to understand more about a business loan. A platform that connects you to the best banks.
