The business loan can be offered to any person who is running a legitimate business with a decent earning can apply for a business loan. Different banks have different criteria and terms to validate the authenticity of his/her business. After authentication and validation, banks have the sole authority to decide the amount of loan and even whether it wants to offer the loan to borrower or not. Below are some points which are generally considered before offering a loan:
The business loans are offered on the basis of the profit and numbers of years you are running this business. It also depends upon cash flow and other aspects related to revenue generation. After considering all the major factors, banks come out with eligibility of the loan amount if can offer to any business. The key criteria for approval of any business loan is how profitable the business is and how the borrower will manage to repay the EMIs with other liabilities and expenditures of the company.
To cater to all the needs salaried employees, many banks and financial institutes offer special kind of personal loan for salaried employee. The terms and conditions of these loans are somehow different than other options. We assist the interested borrowers by guiding them on eligibility, charges and documents process. As we are associated with many financial institutes, we facilitate the clients to find the best deal as per their needs. Also, we guide them on how to repay the amount.