FAQS

Frequently Asked General Questions

Frequently Asked General Questions

Q1- Who can apply for a loan?

If you have a business and need finance for any of your business need, you can apply for a loan. You could be any one of the following:

  • Self Employed Professional
  • Sole Proprietorship Firm
  • Partnership Firm
  • Limited Liability Partnership
  • Private Limited Company
BIZLOAN offers both Secured and Unsecured Loans. For Secured Loans, we accept a mix of securities including Property, Life Insurance Policies, Mutual Funds, Shares, Bonds among others. The benefits of a Secured Loan are:

  • higher eligibility
  • longer tenor
  • lower interest rate
We require you to submit the following documents:

  • Aadhar card
  • PAN Card
  • Address proof of residence and business
  • ITRs and balance sheets for last 2 years
  • 6-12 months bank statements
BIZLOAN offers Secured Loans, for which we accept a mix of securities including Property, Life Insurance Policies, Mutual Funds, Shares, Bonds among others.
The benefits of a Secured Loan are:
  • Higher eligibility
  • Longer tenor
  • Lower interest rate
Loan can be sanctioned within 3 working days of getting the duly filled in application form alongwith documents and shall be disbursed within 7 working days.
The repayments can be made through PDCs or ECS.
Alongwith interest on the loan amount, Processing Fee to facilitate legal and documentation charges, shall be charged one time upfront at the time of loan initiation.
You should have business history/ experience in same line of business for atleast 3 years to apply for a loan.
You can apply for a loan even if you have not filed your IT returns. We shall assess your business by visiting your establishment.

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