A Business Loan is a credit solicited from a Finance Company like Trinidhi Finance Pvt. Ltd. against a Collateral(mostly) to meet various requirements in an organization. The borrower repays the amount by making monthly payments along with a pre-fixed interest rate for the loan tenure. The tenure and the interest rates of the loan varies from person to person depending on the type of the business loan, and other factors.
Setting up your own business or dreams of expanding your little venture is only a step away. Be it a requirement of upgraded infrastructure, advanced machinery, inventory stock up, or expansion of operations, business growth does not have to wait anymore for the lack of capital.
Today the possibility of fast growth is much more achievable in the business scenario due to the presence of Business Loans. Trinidhi Finance Pvt. Ltd gives you the needed support for your dream to come true along with the much-required trust.
Applying for a business loan from Trinidhi Finance Pvt. Ltd. does not require much. It is rather a very easy eligibility criteria to meet. Here are the points that you need to check before you fill-up the application.
Business today in any industry is dynamic. The changing technological advances require Smart Businessmen to assess the potential and adapt accordingly to experience the scaling growth in the company. Neither can all business forms can be understood in the same way nor does the different needs of a business. Although financing business requirements come under the same umbrella of Business Loans, there are various classifications under it. Depending on their requirements, one needs to find the most suitable type of Business Loan to apply for at Trinidhi Finance. Following are the available options of Business Loans:
Your much-loved property does not need to be sold off finance a current need. Trinidhi Finance helps you to save your property and yet use it to finance your child’s education, plan a dream wedding, start a business, or even pay off a treatment with ease. What’s best is that you get better value. With the loan against property, you can take a loan of a much larger amount than the Property’s value allowing you to bid your problems goodbye.
A secured personal loan can be your way to finance anything against a collateral that can be any tangible asset. Home, car, renovation, wedding, vacation, or medical expenses, your need gets our money to get fulfilled. Trinidhi Finance, your personal Financial Friend not just protects your collateral from liquidating till you repay the loan amount but also helps you to get lower interest rates.
There is no reason to worry if you do not have Collateral because your Financial Friend has got your emergency requirements covered. With unsecured loans at Trinidhi Finance, one can apply for a loan amount anywhere between Rs. 60,000 and Rs. 5 Lakhs. Although the interest rate is 40% per annum collected on a daily basis, the loan amount gets credited in your account within days without any security.
While the interest on a Business Loan may vary anywhere from 15% to 24% per annum, up to 2.5% of the loan amount is charged as a processing fee.
Getting a loan can be quite a process but not when you are applying online with us. However, you must be ready with all the necessary documents for fast approval and faster credit.
A Business Loan can be taken for a period of a minimum of 1 year to a maximum of 3 years.
Yes, Collateral is the other main requirement for a loan to be approved. The valuation of the collateral required for the Business Loan has to be 2.5 times the loan amount.
The following types of business get first-hand preference for Business Loans:
Business loans in the following states are preferred for easy loan approvals for the company.
When you choose Trinidhi Finance Pvt. Ltd. for your Business Loans you get:
