Small and large enterprises benefit from business loans alike depending upon the eligibility of the applicant to promote his business in just a few quick and easy steps without overwhelming the busy schedules of the entrepreneurs. This makes business loans an attractive option for businesses of all sizes and stages of development. No matter if you are starting a business or expanding a business, there is a large amount of funding that goes into making one successful. To pay off the debts, hire a team, purchase inventory, or even gather resources, one needs to be comfortable in meeting the capital requirements of the business as long as they are aiming to achieve prosperity.
Whether you would want to expand your office space, stock up the inventory, or purchase new machinery, there is always more to invest in businesses seeking to expand their products or services. With LoanAxix, investors can now borrow loans up to 1 crore with India’s top financiers at lower interest rates subject to conditions.
Stay in control of your credit and make payments with ease with convenient repayment options and tenors of periods extending up to 5 years or more with limited conditions.
You can now subdue the trouble of going through an extensive loan process with LoanAxix and acquire funds when you need them within 24 hours of approval.
Even if you are an applicant with a low credit score you still have a chance at securing a loan with LoanAxix leading financiers upon fulfilling the given criteria.
LAP or Loan against property is not mandatory for our partners at LoanAxix, you can even obtain a loan without liability given your creditworthiness, employment stability, and repayment capabilities.
Balloon loans, term loans, machinery loans, etc may be procured with the help of our multiple loan schemes where the banks or financial partners would not ask their customers how they are using their funds as long as the payment is timely.
Unlike investor funding, financiers do not ask their customers to share their profits when the business makes it big in the market.
For any type of credit or profile, LoanAxix partners offer a quick and easy disbursal with minimal documentation and hassle-free procedures.
You are at an advantage of several tax benefits if you are a small business owner. Contact our agents at LoanAxix to know under which sections you can avail of the benefits to waive off taxes on the proportion of profit acquired from the loan.
Term Loan: Short-term or long-term loans ranging from anywhere between 1 – 5 years can be obtained with term loans paid over a specified period of time with loan amounts extending up to 1 crore at zero collateral funding options.
Machinery Loan: Machinery or equipment loans facilitate the purchase of high-end or high-cost machinery required for the business to operate smoothly with or without collateral varying from lender to lender.
Start-Up Loan: If you are an entrepreneur, you will need to cover the expenditure of starting a new venture and take up the burden of investing in capital growth. With a start-up loan, the lender might provide added benefits if the borrower has a clean record of their credit and submits the business proof documents of its establishment and existence in the market.
Invoice Financing: Invoice discounting or invoice factoring is when the business fails to close the gap between the raised invoices and payments from the clients in time. Thus the business receives a loan amount of up to 90% of the invoice from the lender to pay off the debts agreed upon in the contract.
Business Overdraft: Offered against collateral or security, an overdraft facility helps the borrower to draw funds from their account even when the balance is zero subjected to his/her cash inflow/outflow, relationship with the lender, credit history, etc, especially with a fixed deposit existing in the bank.
Point-Of-Sale (POS) Loan: POS or merchant cash advance is a loan based on your future sales. This means that it is important to make sure your business has enough cash flow to repay the loan. A business that is doing well can repay the loan more quickly.
Business Credit Card: It is a short-term loan that you can use for several purposes in case of emergencies with a variety of added benefits such as cashback, insurance covers, etc but with much higher interest rates compared to the other types of loans. Given the circumstances and nature of the loan, this is considered to be the last straw or last resort for business owners in emergencies.
LAP (Loan Against Property): A collateral or security loan can be obtained easily without any stress or burden on the borrower and the lender when the investor decides to provide security against the loan amount borrowed from the lender. This will not only improve the relationship with the lender but it gives an added advantage to the benefits in the market now that the lender knows that they can trust you with the repayment capabilities.
Age: 21 - 65 years (Conditions Apply)
Type of Employment: Individuals/Business Owners(Sole proprietorship, Public/Govt Enterprises, Limited LLPs, Traders, SMEs, MSMEs, Corporate Enterprises, Etc.)
Nationality: Resident Of India
Business Turnover: Minimum ~ Rs. 10 lakhs – 1 crore P.A (For vintage business owners)
Collateral: Preferably for loan amount over 50 lakhs (subject to change)
Market Experience: ~ 12 months preferably for stable business owners
Credit/CIBIL Score: Any profile (Credit score ~ 750 (highly recommended for business entrepreneurs) or above has a higher chance of getting a quick and instant loan with high funding at lower interest rates)
Employment Stability: 1 – 5 years and above (With a stable income and continual flow of money)
Identity Proof: Voter’s ID/Passport/PAN Card or Form 60/Driving License/Aadhaar Card
Address proof: Electricity Bill/Aadhaar Card/Passport/Ration Card, Copy of Utility Bill (not more than 3 months old)/Insurance Bond/Lease/Bank Statements/Income Tax Assessment Order/Property Registration documents/Property Purchase Agreement/Pensioner Book/Property Tax Receipt/Employer Certificate/Driving License
Income Proof Documents – Latest six months bank statements, Copy of Income Tax Returns (ITR)/C.A certified Balance Sheet, Profit, and Loss Statements, Sales Tax certificate/Trade License/Business stability and ownership proof/MOA & AOA/Certificate of Practice/ Partnership Deed/ GST Registration and Filing Documents/ or Shop Act License for Business Owners.
Other documents – Partnership agreement/Financial forecast/VAT Registration(If available)/Letter of request for a business loan/ Collateral property valuation or legal opinion(If applicable)