Individuals who wish to expand their business or fund a business idea can opt for a business loan offered by a number of reputed financial lenders. It can be challenging to qualify for a small-business loan without a strong personal score around 600 and a solid cash flow from your business. Those are among common reasons why your business loan application can be denied.
Features and Benefits of Small Business Loans
- Loan with Insurance Coverage
All our loans for small businesses can be protected by Credit Shield, whereby the nominee of the loan will not have to worry about repayments in case of the unfortunate event – the death of the borrower during the tenure of the loan.
- Loans designed for all Business Needs
Business owners can avail our loans just like any SME Business Loan to buy new stock, purchase equipment, or any other working capital needs or meet spurts in demand due to seasonal trade or to expand the scope of the business.
- Easy Repayment Options
We offer loans with easy repayment options. You do not have to leave your shop or counter even for a minute as the repayment facility is available at your doorstep under EDI Small Business Loans. There are a variety of repayment modes such as NACH, bank transfers, online payments, payment at the branch and doorstep collection.
- Flexible Tenure with nil Pre-closure Charges
Small Business Loans offered come with varied and flexible tenure options. The tenure depends on the capital/loan you require for the business.
Eligibility Criteria Required for Small Business Loans
- The age of the applicant should be between 18 years to 65 years of age
- You should have had the same business premise for at least 2 years
- You should have an current account
- A minimum 600 of CIBIL score is ideal (wherever applicable) to get Small Business Loan
Where to get Small Business Loans?
FundsTiger is a popular online loan platform. Our consumers come to us for their money requirements, whether they are short-term or long-term, small-ticket or large-ticket, personal, family, or business. FundsTiger team brings a wealth of international financial knowledge to the table and tailors it to your specific needs. Money advice, credit advice, wealth planning, and, of course, credit are all available to our clients.
Faster Funding – We are over 80% faster than most traditional banks and lenders
Total Focus on Your Wins – We leverage our technology and business expertise for your financial success.
Customized Loans – We can structure and customize loans for your unique needs
Customer needs in Forefront – Your needs are our priority. We promise to deliver you with services that are best on our capabilities. By handpicking the personal loan offers based on customer profile, we try to give you the most personalised experience.
Support you can rely upon – Monitor your loans 24/7 and reach out to a super-responsive support service
Relationships, not Borrowers – We believe in building relationships, not just lending to borrowers.
More Value for Money – We offer the best value for money loans when compared to all our competitors
Real-time Customer Support – Our customer support team is fast and efficient to clear all your doubts regarding personal loan eligibility, procedures, offers, documentation and repayment options. We even contact with the respective lender on behalf of you.
Cutomised Tailor Options – Depending on your demands, we may provide quick financing of varying quantities at affordable interest rates.