Panipat

Business Loans ranging from Rs.75K to Rs.55L with a tenure starting from 6 months.

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Basic Eligibility Criteria

You're probably eligible for a Loan if you are

  • At Least 23 Years Old

  • Less Than 65 Years Old

  • Minimum Net Annual ITR 1.5 Lakh

  • Must have a 6 month old current account

  • Business must be 2 years old

  • No Collateral required

Get the Best Business Loan in Panipat with Real Finserv  


Getting a business loan is not easy for any business, as there are a lot of factors that need to be considered. Right from finding the right financing, application process, and meeting eligibility criteria, it is difficult for businesses to secure capital when they need to grow.   

You might be aware of how difficult it can be to get a business loan, but we are here to help at every step. Real Finserv is a leading financial institution that works as a platform between loan seekers and lenders. We can help you in finding the best loan deal by comparing various banks and NBFCs and their repayment terms and conditions along with the interest rate and much more. We can ease the entire process of business loan in Panipat for you. We can help in the assessment of your credit score and eligibility criteria along with necessary documents. 
 

If you are wondering how to get a first-time small business loan in Panipat, you need to follow three steps which are as follows:   

  • Check your credit score
  The first step is to check your credit score as it determines your eligibility for a business loan. A good credit score is not just important for personal finances but for business finances as well. In case of new business where you don’t have a credit score, the lender will have a look at your personal credit score to determine if you are eligible to repay the loan. If you have a better credit score, your chances of getting first-time small business loans increase. You can also take measures to improve your credit score.   

  • Determine how much loan you need
  The step is to determine how much funding you need. For your actual business loan application, you need to specify your funding needs and prove that you can afford that amount of loan. Lenders will need the assurance that you have the ability to pay back the loan amount. You may need a loan for various reasons like covering up start-up costs, financing equipment, and machinery, covering payroll, paying for business expansion, financing inventory cost, paying rent for office space, and more.   

  • Gather documents for your loan application
  Once you are done with a credit score and business plan, it is time for documentation. For first-timers, all the more documents are needed to qualify for the loan. The documentation ultimately depends on the type of business loan you are applying for and the lender you are working with. For a loan with suitable rates and conditions, you will need to provide greater documentation. With online lenders, the applications process can be faster and lenient along with lesser documentation. You must provide all the necessary documents so that your loan can be processed fast without any delays.

If you are looking for a business loan provider in Panipat, connect with Real Finserv so that you can find the best deal on your business loan and proceed ahead on the path of growth and expansion. 

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