Business Installment Loans

      Running a business is never an easy task. One is bound to face financial hiccups during the process. Whether you are a new generation entrepreneur venturing into a new business or an established businessman planning for a business expansion. Financial institutions offer the business loan to bail you out of the situation of such financial crunch.

      Whether its money required for an immediate official expansion or it could be the time of recession , when payments don't come on time but the expenditures can't wait. The business loans ease your way through a scary road of financial crisis and open the world of new business heights for you.

      But running for business loans from pillar to pillar could be the most tiring job. We at Indexia Finance, have tied up with some of the renowned Business Loan providers of India, offering loans at the most competitive interest rates.

Business Loan Information & Eligibility

      Capital is a vital component for the success of commerce today. Irrespective of whether a firm is in proprietorship, SME’s or big organization, finance holds the key to its development, and managing finance is certainly not a child's play. Keeping all this in mind, several institutions have come up with business loans to help budding and existing entrepreneurs.

      Very frequently, every company has to face a make-or-break situation which calls for immediate investment to reap long term benefits. If one is not having the finances at that time, he might well opt for a business loan which is designed specifically to fulfill urgent business requirements. These loans not only help in expanding a business, but also play a vital role in modernizing and improving small as well as medium scale business.

Business Loans are offered in two types, Secured and Unsecured:

      For a Secured Business loan, the borrower needs to pledge something as collateral or security against the loan amount taken. Be it raw material or finished products, land or machinery, anything can be kept as collateral in agreement with the lending party. The borrower can also offer cash advance as collateral as it offers more liquidity and the loan can be availed at lower interest rates and flexible repayment options.

      In case of unsecured business loans, here is no requirement of any collateral from the borrower. However, while availing an unsecured business loan, the borrower needs to pay a high interest rate. Moreover, the loan amount is taken for a smaller tenure when compared to a secured loan. According to the their tenure, business loans can be further diversified.

• To meet the temporary needs of a business like short term working capital, a short term loan is most apt one, with the repayment time period of a year.
• An Intermediate Loan is necessary for starting up business to buy inventory, equipment and also increase working capital.
• A Long term is necessary for well established business houses who wish to expand, increase their fixed assets or related business acquisitions, with terms that runs for a period of 3-5 years.

      Furthermore, drawing the thin line between critical needs and expenses that can be put off till a better financial situation prevails holds the key to prevent one from any financial predicament. Making a single hasty decision without any idea of its impact in your business might prove to be detrimental in the long run. Therefore, one must be very clear of his actual need and necessities for enhancing and improving his business by borrowing the rights loans with a detailed insight of its pros and cons.

      Hence, acquiring more capital in order to promote any business or consolidating old debts and credits, beckons the call for Business loans

Eligibility:

      The applicant must meet the below eligibility criterias.

Documents:

Common Documents-

• Two photographs of each applicant & co- applicant,
• Passport of each applicant & co- applicant,
• Utility Bill of office and residence(latest month) each applicant & co- applicant,
• Pan Card Copy each applicant & co- applicant.

Income Documents-

• 2 years ITR, computation of income, P&L, Balance sheet, all Annexure & schedule, Dr. & Cr. List. (self & CA attested),
• 2 years ITR, computation of income, P&L, Balance sheet of individual,
• Last 6 months bank statement of individual,
• Last 12 months bank statement of the company and all the EMI reflection if any loans going on,
• Sanction letter of all Loans & OD/CC (if any),
• Sales & Purchase Summery April – 2011 – Till Date,
• Dr. & Cr. List April – 2011 – Till Date.

Additional Documents-

• MOA & AOA copy / Partnership Deed,
• List of Directors/ Partners & Shareholder,
• Pan card copy of Company,
• Business Proof (Shop & Establishment Certificate, VAT, Sales Tax, Service Tax, IEC)