Posted 28 Feb, 2019 | Finance
Which NBFCs/banks offers secured business loan?Add Answer
Banks/NBFC's offer Business loan on various different rates of interest. These rates rely upon the turnover of the business, long stretches of the presence of the business, the loan amount you applied and your reimbursement limit. There are numerous monetary specialist co-ops that offer Business loans to qualified entrepreneurs. The accompanying table shows the examination between these loan specialists on various parameters. Also, you can directly visit www.mudrahome.com and you can check and compare online and apply for the best.
But before you choose a financial institution, you need to compare them to choose one that suits your requirements. Factors such as the loan amount, interest rate, tenure, turnaround time, number of documents, online account access play a crucial role in determining the ease of loan application and processing. So when you go through all the financial institutions; compare these parameters to select the best one.
NBFCs like Bajaj Finserv provide quick processing time and a huge loan amount with less documentation. Banks demand a lot of documents and take months to sanction. Though the interest rates are low for a secured loan, some institutions offer lesser than the other. A low interest rate means a low EMI. So keep all these points in mind while choosing the financial institution to get your secured loan.