Welcome :: EazeeLoans.com :: A One Window Solutions for all your financial requirements

	Business Loan

	Business loans are offered to small and medium enterprises towards working capital, expansion, or modernization of existing business. It could be either secured or unsecured. The idea is that if there is opportunity for growth at acceptable risk levels the banks will finance. Loan amounts offered could vary between Rs.5 lakh to Rs.50 lakh. Secured loans could be against Property (movable /unmovable), Stocks or co-laterals like fixed deposits etc. Since the loans are secured the rate of interest likely would be lower than unsecured loans. Unsecured loans could be in the form of short, medium or long term loans for temporary/ bridge loans, Working capital or for purchase of machineries or other fixed assets. The interest factor depends on the perceived risk factor by the banks, past track, growth and profitability trends and the industry profile.
	Rates could vary from 16% to 21 %.


	Process... Business Loans (BIL) are used for expanding, modernizing or improving small to medium scale businesses. It can be secured or unsecured. At Eazeloans.com you can be assured of the best deals in terms of loan amount and interest. Secured business loan are given against collateral like stock land and building, plant and machinery etc. usiness loans against collateral are relatively cheap and much more flexible being secrured. Loan amount Rs.25 lakh to Rs.3 cr. Unsecured Business Loan doesn't require a collateral. It is available at a relatively higher rate of interest being unsecured. Loan amount from Rs.5 lakh to Rs.75 lakh.Business loans are available to small and medium enterprises, Self employed individuals / professionals ,Sole proprietorship firms Partnership firms ,Private limited companies and closely held limited companies.It could be either for a short term ,medium term or long term period. • Short-term loans are usually used for short-term working capital and repaid within a year or less mainly for seasonal or bridge loan. • Medium Term loans are often used to build inventory, buy equipment, or increase working capital. • Long-term loans are used to increase their fixed assets,business development and expansion.
	Eligibility... Some Basic Requirements: Should have vintage of at least 3 years. Should be profit making for the past 2 years Co-applicant required as a Guarantor: Age Limit 25 yrs Minimum to 65 yrs maximum.
	FAQ... What are the prepayment Charges? Pre payment charge of 4% to 6% is levied on balance principle outstanding.For what Purposes are Business loans given? Business loans are given towards Working Capital,Short Term Cash Need, Business Expansion,New inventory,Buying Machinery/equipment etc. What are the Eligibility Criterias? Entity should be Self Employed with Min Age 25 yrs & Max Age 65 yrs. Should have vintage of at least 3 years. Should be profit making for the past 2 years Co-applicant required as a Guarantor: Who can aval a Business loan? Business installment loan can be availed by:Self employed individuals / professionals Sole proprietorship firms Partnership firms Private limited companies and closely held limited companies What are the benefits of Business loans? Speedy loan processing - 4 to 7 business days Fast and easy documentation . Hassle-free loans Loans From 5 lakh to Rs.3 cr Repay with easy equated monthly installments What is the minimum annual turnover eligibility? Minimum turnover required is Rs.1 crore PAWhat is the interest rate charged on BIL?Rate of interest varys from 18 % to 22% depending on loan amount, credit assessment and other parameters. What are the basic documents required for applying? Photographs Identity,Age & Signature verification proof Business Bank statements for last 6 months 2 year audited financials including Profit & Loss,Balance sheet and IT returns 3 years Business existence Proof Address proof - Residence and Office What is the turnaround time for the disbursal of the loan? Disbursal of the loan may take a minimum of 7 working days from the time of submission of loan related documents as requested by the Bank What prameters are looked into before sanctioning a BIL? Liquidity Solvency Profitability Asset Owned Track record Management Business model Industry and product/service

Apply For Loan


Loan Type	:
Name	:
Mobile No.	:
E-mail ID	:
Company	:
Occupation	:
Net Income(PM)	:
City	:
Remarks	:

Latest News

CIBIL- ALL YOU WANTED TO KNOW
CIBIL is an acronym for Credit Information Bureau India Limited. It is India's first credit information bureau, a storage bank of information, which contains the credit history of commercial and consumer borrowers. CIBIL provides information to its Members in the form of credit information reports.
CIBIL creates value for financial institutions by providing objective information that helps them manage risk and devise appropriate lending strategies, thus reducing cost and maximizing portfolio profitability. CIBIL benefits both credit grantors and consumers by collecting, analyzing, and delivering information on credit histories of millions of consumers and businesses. With information from CIBIL, credit grantors are empowered to make sound and informed credit decisions.
TO WHOM ALL IS CIBIL APPLICABLE?
CIBIL is applicable to anyone applying for any credit facilities such as Personal loans, Home loans, Business loans, Mortgages, Loan against property, Auto loans, Secured and Unsecured loans, Credit cards, any type of finance or credit facility from banks, financial institutions, non-banking financial companies, housing finance companies, state financial corporations and credit card companies etc.

_____________________________________