Business Loan
Fuel Your Business Growth: Explore Our Tailored Loan Solutions
A Business loan is basically a borrowed amount of capital that is used for an investment in a new or existing business set up. Whether small or medium-sized enterprises (SMEs) or large businesses, it is absolutely important to understand how these loans work.
From the people involved, the formalities, benefits, to the risks, terms and conditions – all the aspects require your utmost attention before you proceed to take a loan. Proceed and learn about them below with us!
Types Of Business Loans
Business Term Loan
A Business Term Loan, finances your high-cost investment like business expansion loan or loan for purchasing tools or machinery for a smooth going business.
Working Capital Loan
This business loan can be availed by different businesses for different purposes. With this type of loan, one can easily finance their daily business expenditures. Working Capital Business Loan lets your business grow by freeing up cash. It also lets your business operate smoothly and gets your business back on track.
Am I Eligible For A Business Loan?
Are you:
-At least 21 while applying for the loan and under 65 at the end of its tenure?
Is your Business:
-A proprietorship/private limited company/closely held non-listed company/ partnership firm involved in the business of manufacturing, trading or services?
-Showing a minimum turnover of Rs 1 crore?
-Reporting audited financial statements for the last 24 months, routing the majority of the business through a banking system, or capturing your turnover in the last 12 months through GST returns?
-A going concern in the current area of work, with minimum 3 years of total business vintage?
-Did you answer all these questions with ‘Yes’? Then congratulations! You’re Eligible!
Feature And Benefits Of Prakriti Wealth
Business Loan
Easy Application
Applying for our business loan is as easy as clicking here. Share your phone number and we will get back to you to discuss steps ahead. Once your details are verified, you get your loan approval within a matter of minutes.
Large Loan Amount
You may apply for a loan amount in the range of ₹ 5-50 lakhs, which might be sufficient to meet most businesses’ financial needs.
Flexible Repayment Terms
Once you get your loan amount, you can repay it in 12-36 months. You have the freedom to choose your loan term suitable to your budget and repayment capacity. The loan term may extend to 48 months for self-employed professionals.
No Collateral Required
It is a completely collateral-free loan. We do not demand any collateral or guarantor to approve your business loan.
Minimal Documents Required
Prakriti Wealth does not require heavy paperwork for your loan approval. We have minimal documentation requirements that are quite easy to fulfil. These include your address proof, identity proof, financial documents, and proof of ownership. That’s it!