Starting a business and successfully establishing it is a culmination of lots of efforts and ample amount of money. To get financial assistance, companies take out business loans which need to be repaid in installments known as EMIs.
Business Loans in India are unsecured loans which do not require any collateral and thus they are easily accessible. Minimum documentation is required for such loans which makes it popular among the business class. Business Loan can be used to meet working capital requirements, short term business needs, set-up your business, meet short term cash flow mismatches, or for business expansion.
Loan amount can extend from Rs. 50, 000/- and go up to Rs. 3crores with a repayment period of 1-5 years.
mymoneymantra has a network of 50+ Banks/NBFCs which specializes in providing Business Loans at the lowest interest rates.
Note on part prepayment
Amount - How much do you want to part prepay?
Month - When do you want to prepay? If you availed your loan in Jan’16 and want to part pay in Jan’17, then please enter 12 months.