Every Business required more and more money every time for internal growth value but some time Business owner/Business man have not sufficient funds according to planned growth so they want a loan behalf of running Business. Banks and NBFCs always ready to help these kind of Business man.Some timesMany businesses start off in a small way they want to grow and want to expand business but they set in limitation due to funds issue.

Well, a Business Loan is a product created by banks specifically to meet the needs of businesspeople. In the past few years, banks have made it much easier for businesspeople to avail of such loans. So let’s look at Business Loan benefits, and how they can make your life so much easier.

Benefit of Business Loan ?

• Business Loan Limit : There is No limit of Business loan but its depends to Customer Current income, Past few years income ratio, type of business and lender policy. Customer can take a per his/her requirement. minimum loan amount should be 1.00 lakh.
• Fast disbursal: Banks will disburse a Business Loan quickly so that you don’t need to worry about it. Customer can get funds within 48 hours if all required documents submittedin one time as per lender Policy.
• MinimumDocumentation:every lenders want different type of documents forprocessing the Business Loan but overall 95% documents common for every lender Business loan application.Like as

5. Photo,
5. PAN Card,
5. Current address Proof,
5. Latest downloaded Aadhar Card,
6. Ownership Proof,
5. Latest 2 years ITR with complete financial,
5. Updated one year Bank Statement of all Business concern Current & Saving A/C,
5. GST Registration Copy,
5. Latest 12 months GST 3B statement,
5. 5 Years Business continuity Proof,
5. Office Address Proof.

• Competitive interest Rates: Business Loan have different Interest rates according to lender to lender and product to product. its vary between 11.5 percent to 24 percent.
• Flexible Tenure: Customer have the option of choosing the tenure of the loan. If customer want to take out a Business Loan for a short period to meet working capital expenses, they can take a loan for a year. If customer want it to expand her/his business, they can take out a loan for a longer period of time between 12 months to48years.its depend to customer requirement & lender policies.