business loan
Business Loan From Ekalfinance
Ekalfinance offers flexible and hassle-free business loans to help you grow your business. Whether you need working capital, funding for expansion, inventory, machinery, or to consolidate debt, Ekalfinance provides customized solutions. With quick approval, minimal documentation, and competitive interest rates, we ensure a smooth loan process. Our expert team guides you from application to disbursal, making it easy to secure the funding you need to take your business to the next level.
Features
Fixed Interest rate
Flexible Repayment Tenure
Collateral free loans
Loan Amount
Benefits
Collateral free loans
Tax Benefits
Build Credit History
Fixed Repayment Terms
Documents
Proof of business
Residential proof
bank Stmt.(last 6 months)
KYC,PAN , Adhar card Proof
Eligibility Criteria
- Age:Between 24 and 65 years.
- Business Vintage: At least 2 years.
- Annual Turnover: Min. ₹6 Lakh.
Frequently Asked Questions
What are the rules for business loans?
Business loan rules involve eligibility criteria like business type, age, credit score, and revenue. Loan amounts are based on financials, and interest rates vary. Repayment terms can be short or long-term, with or without collateral. Required documents include business registration, financial statements, and tax returns. Loans must be used for legitimate purposes, with processing fees and prepayment penalties possible. The approval process evaluates financial health.
What credit score do you need for a business loan?
The credit score range for business loans is generally 750.
What is the impact of GST on business loans for new businesses?
Business loans became expensive after the implementation of GST as the GST is levied at the rate of 18%.
Business Loan EMI Calculator
Monthly EMI
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Total Interest
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Total Payment
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