{"id":314,"date":"2016-12-20T09:50:07","date_gmt":"2016-12-20T09:50:07","guid":{"rendered":"http:\/\/localhost\/borrow\/?page_id=314"},"modified":"2023-10-21T10:47:24","modified_gmt":"2023-10-21T05:17:24","slug":"frequntly-ask-question","status":"publish","type":"page","link":"https:\/\/trinidhifinance.in\/tfpl\/frequntly-ask-question\/","title":{"rendered":"Frequently Asked Questions"},"content":{"rendered":"<p>[vc_row][vc_column box=&#8221;true&#8221; bgcolor=&#8221;#ffffff&#8221;]\t\n\t<h1 class=\"\" style=\"\" > General Questions<\/h1>\t\n[vc_tta_accordion color=&#8221;white&#8221; active_section=&#8221;1&#8243; collapsible_all=&#8221;true&#8221; css=&#8221;.vc_custom_1482227862191{margin-bottom: 20px !important;}&#8221;][vc_tta_section title=&#8221;What is a Business Loan?&#8221; tab_id=&#8221;1482227556236-93210f6b-4694&#8243;][vc_column_text css=&#8221;.vc_custom_1697804908390{margin-bottom: 0px !important;}&#8221;]<\/p>\n<p style=\"text-align: justify;\">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.<\/p>\n<p>[\/vc_column_text][\/vc_tta_section][vc_tta_section title=&#8221;Why do you need a Business Loan?&#8221; tab_id=&#8221;1482227556269-8e604c25-4720&#8243;][vc_column_text css=&#8221;.vc_custom_1697804928886{margin-bottom: 0px !important;}&#8221;]<\/p>\n<p style=\"text-align: justify;\">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.<\/p>\n<p style=\"text-align: justify;\">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.<\/p>\n<p>[\/vc_column_text][\/vc_tta_section][vc_tta_section title=&#8221;What eligibility criteria should you meet for a Business Loan?&#8221; tab_id=&#8221;1482227640472-2c115c9c-a06c&#8221;][vc_column_text css=&#8221;.vc_custom_1697804953406{margin-bottom: 0px !important;}&#8221;]<\/p>\n<p style=\"text-align: justify;\">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.<\/p>\n<ul>\n<li style=\"text-align: justify;\">Balance Sheet with auditor\u2019s report as proof of your business running for at least the last three years.<\/li>\n<li style=\"text-align: justify;\">The applicant\u2019s age shouldn\u2019t be less than 25 years and more than 55 years at the time of applying for a loan.<\/li>\n<li style=\"text-align: justify;\">The business in concern must have filed IT returns for a minimum of 3 years.<\/li>\n<li style=\"text-align: justify;\">A good credit score of 750 for easy approvals.<\/li>\n<\/ul>\n<p>[\/vc_column_text][\/vc_tta_section][\/vc_tta_accordion][vc_empty_space height=&#8221;60px&#8221;]\t\n\t<h1 class=\"\" style=\"\" > Types of Loans<\/h1>\t\n[vc_tta_accordion color=&#8221;white&#8221; active_section=&#8221;&#8221; collapsible_all=&#8221;true&#8221; css=&#8221;.vc_custom_1605002571243{margin-bottom: 20px !important;}&#8221; title=&#8221;What are the types of loans one can apply for at Trinidhi Finance Pvt. Ltd.?&#8221;][vc_tta_section title=&#8221;Business Loans&#8221; tab_id=&#8221;1482227864621-3bf87fb2-85ac&#8221;][vc_column_text css=&#8221;.vc_custom_1697865168205{margin-bottom: 0px !important;}&#8221;]<\/p>\n<p style=\"text-align: justify;\">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:<\/p>\n<ul>\n<li style=\"text-align: justify;\"><strong>SME and MSME Loans<\/strong><strong><br \/>\n<\/strong>SME and MSME loans of up to Rs. 30 lacs from Trinidhi Finance help businesses meet their needs for infrastructure, working capital, machinery, or overheads easily. The quick and easy processing of the loan makes scaling a possible looking dream for many Entrepreneurs with collateral valued 2.5% of the loan amount only.<\/li>\n<\/ul>\n<ul>\n<li style=\"text-align: justify;\"><strong>Business Loans for Women<br \/>\n<\/strong>Specially designed business loans for Women Entrepreneurs to help them achieve their dreams and fly. Women can apply for a loan of up to 30 lacs for their enterprises with only 2.5% of collateral.<\/li>\n<\/ul>\n<ul>\n<li style=\"text-align: justify;\"><strong>Bridge Loans<br \/>\n<\/strong>Although, known for their high rate of interest, Bridge Loans fulfills immediate and short-term requirements saving your business from any harm. With a collateral of 2.5% submitted, one can replenish an immediate cash flow for up to a year. A perfect solution for liquidity requirements.<\/li>\n<\/ul>\n<ul>\n<li style=\"text-align: justify;\"><strong>Working Capital Loans<br \/>\n<\/strong>Running operations can be a difficult task in a new business. The working capital loans help Entrepreneurs set the rolling of money without worrying about the initial investments. Not only does it gets the business rolling but it also doesn\u2019t act as a large liability because of the amazing interest rates of 1-2% per month. One can choose the loan tenure to be anywhere between 1 to 36 months (3 years) for an amount ranging from Rs. 50,000 to a few Crores. Get in touch for more details.<\/li>\n<\/ul>\n<p>[\/vc_column_text][\/vc_tta_section][vc_tta_section title=&#8221;Loan Against Property&#8221; tab_id=&#8221;1482227864678-0d53ba28-f013&#8243;][vc_column_text css=&#8221;.vc_custom_1697865207625{margin-bottom: 0px !important;}&#8221;]<\/p>\n<p style=\"text-align: justify;\">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\u2019s education, plan a dream wedding, start a business, or even pay off a treatment with ease. What\u2019s 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\u2019s value allowing you to bid your problems goodbye.<\/p>\n<p>[\/vc_column_text][\/vc_tta_section][vc_tta_section title=&#8221;Personal Loan- Secured&#8221; tab_id=&#8221;1482227864725-d2626c50-2a77&#8243;][vc_column_text css=&#8221;.vc_custom_1697865219322{margin-bottom: 0px !important;}&#8221;]<\/p>\n<p style=\"text-align: justify;\">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.<\/p>\n<p>[\/vc_column_text][\/vc_tta_section][vc_tta_section title=&#8221;Unsecured Loan&#8221; tab_id=&#8221;1482227864762-00165f2d-0c2e&#8221;][vc_column_text css=&#8221;.vc_custom_1697865241077{margin-bottom: 0px !important;}&#8221;]<\/p>\n<p style=\"text-align: justify;\">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.<\/p>\n<p>[\/vc_column_text][\/vc_tta_section][vc_tta_section title=&#8221;What are the rates of Loan Interest and processing charge added to Business Loans?&#8221; tab_id=&#8221;1482227985113-7a128d71-9533&#8243;][vc_column_text]<\/p>\n<p style=\"text-align: justify;\">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.<\/p>\n<p>[\/vc_column_text][\/vc_tta_section][\/vc_tta_accordion][vc_empty_space height=&#8221;60px&#8221;]\t\n\t<h1 class=\"\" style=\"\" > Documents and Other Requirements<\/h1>\t\n[vc_tta_accordion color=&#8221;white&#8221; active_section=&#8221;&#8221; collapsible_all=&#8221;true&#8221; css=&#8221;.vc_custom_1483582676010{margin-bottom: 20px !important;}&#8221;][vc_tta_section title=&#8221;Which documents are needed for a Business Loan application at Trinidhi Finance Pvt. Ltd.?&#8221; tab_id=&#8221;1482228038335-17098e93-9dd9&#8243;][vc_column_text css=&#8221;.vc_custom_1697865279491{margin-bottom: 0px !important;}&#8221;]<\/p>\n<p style=\"text-align: justify;\">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.<\/p>\n<ul>\n<li style=\"text-align: justify;\">A request letter from the company for the grant of loan<\/li>\n<li style=\"text-align: justify;\">A certified true copy of Board Resolution requesting a grant of loan<\/li>\n<li style=\"text-align: justify;\">A certified copy of the list of directors of the Company<\/li>\n<li style=\"text-align: justify;\">Copy of Pan card of the company<\/li>\n<li style=\"text-align: justify;\">Certified copy of the Memorandum of Association (MOA) &amp; the Articles of Association AOA<\/li>\n<li style=\"text-align: justify;\">Copy of Pan and Proof of possession of Aadhar card of all the Directors of the company<\/li>\n<li style=\"text-align: justify;\">Company\u2019s Annual report or the Audited Balance sheets of the last three years with Auditor\u2019s Report<\/li>\n<li style=\"text-align: justify;\">A copy of the company\u2019s ITR file for the last three years with the statement of Income<\/li>\n<li style=\"text-align: justify;\">List of Authorized signatories certified by Bank<\/li>\n<li style=\"text-align: justify;\">Bank Statements of the company for the last six months<\/li>\n<li style=\"text-align: justify;\">Original Title Deed (Property Papers)<\/li>\n<li style=\"text-align: justify;\">Old Chain of Property<\/li>\n<li style=\"text-align: justify;\">A Valuation report of the property<\/li>\n<\/ul>\n<p>[\/vc_column_text][\/vc_tta_section][vc_tta_section title=&#8221;What are the minimum and maximum term period one can apply for Business Loan for?&#8221; tab_id=&#8221;1482228038386-b8d5f09c-3612&#8243;][vc_column_text css=&#8221;.vc_custom_1697865295749{margin-bottom: 0px !important;}&#8221;]<\/p>\n<p style=\"text-align: justify;\">A Business Loan can be taken for a period of a minimum of 1 year to a maximum of 3 years.<\/p>\n<p>[\/vc_column_text][\/vc_tta_section][vc_tta_section title=&#8221;Are there any other requirements?&#8221; tab_id=&#8221;1482228038437-8c6864e7-31c8&#8243;][vc_column_text css=&#8221;.vc_custom_1697865309850{margin-bottom: 0px !important;}&#8221;]<\/p>\n<p style=\"text-align: justify;\">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.<\/p>\n<p>[\/vc_column_text][\/vc_tta_section][vc_tta_section title=&#8221;Which business types can apply for a Business Loan?&#8221; tab_id=&#8221;1482228038487-266cd50b-868a&#8221;][vc_column_text css=&#8221;.vc_custom_1697865412065{margin-bottom: 0px !important;}&#8221;]<\/p>\n<p style=\"text-align: justify;\">The following types of business get first-hand preference for Business Loans:<\/p>\n<ol>\n<li style=\"text-align: justify;\">Manufacturing Business<\/li>\n<li style=\"text-align: justify;\">Real Estate<\/li>\n<li style=\"text-align: justify;\">Technology-based Business<\/li>\n<li style=\"text-align: justify;\">New Age Business<\/li>\n<\/ol>\n<p>[\/vc_column_text][\/vc_tta_section][vc_tta_section title=&#8221;Which states can get faster Business Loan approvals at Trinidhi Finance Pvt. Ltd.?&#8221; tab_id=&#8221;1605003803127-6d92dc52-0551&#8243;][vc_column_text css=&#8221;.vc_custom_1697865424834{margin-bottom: 0px !important;}&#8221;]<\/p>\n<p style=\"text-align: justify;\">Business loans in the following states are preferred for easy loan approvals for the company.<\/p>\n<ol>\n<li style=\"text-align: justify;\">Delhi NCR<\/li>\n<li style=\"text-align: justify;\">Chandigarh<\/li>\n<li style=\"text-align: justify;\">Jaipur<\/li>\n<li style=\"text-align: justify;\">Bhubaneshwar<\/li>\n<li style=\"text-align: justify;\">Jammu<\/li>\n<li>Goa<\/li>\n<\/ol>\n<p>[\/vc_column_text][\/vc_tta_section][vc_tta_section title=&#8221;Why should you choose Trinidhi Finance Pvt. Ltd. for a Business Loan?&#8221; tab_id=&#8221;1605003799919-00542b43-87d3&#8243;][vc_column_text css=&#8221;.vc_custom_1697865439288{margin-bottom: 0px !important;}&#8221;]<\/p>\n<p style=\"text-align: justify;\">When you choose Trinidhi Finance Pvt. Ltd. for your Business Loans you get:<\/p>\n<ul>\n<li style=\"text-align: justify;\">Best Interest Rates<\/li>\n<li style=\"text-align: justify;\">Quick Approvals<\/li>\n<li style=\"text-align: justify;\">Online Application<\/li>\n<li style=\"text-align: justify;\">Hassle-Free Processing<\/li>\n<li style=\"text-align: justify;\">Loan Credit within 24-hours of Approval<\/li>\n<li style=\"text-align: justify;\">Flexible Payments<\/li>\n<li>Efficient Customer Assistance<\/li>\n<\/ul>\n<p>[\/vc_column_text][\/vc_tta_section][\/vc_tta_accordion][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column box=&#8221;true&#8221; bgcolor=&#8221;#ffffff&#8221;][vc_tta_accordion color=&#8221;white&#8221; active_section=&#8221;1&#8243; collapsible_all=&#8221;true&#8221; css=&#8221;.vc_custom_1482227862191{margin-bottom: 20px !important;}&#8221;][vc_tta_section title=&#8221;What is a Business Loan?&#8221; tab_id=&#8221;1482227556236-93210f6b-4694&#8243;][vc_column_text css=&#8221;.vc_custom_1697804908390{margin-bottom: 0px !important;}&#8221;] 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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"page-templates\/template-fullwidth.php","meta":[],"_links":{"self":[{"href":"https:\/\/trinidhifinance.in\/tfpl\/wp-json\/wp\/v2\/pages\/314"}],"collection":[{"href":"https:\/\/trinidhifinance.in\/tfpl\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/trinidhifinance.in\/tfpl\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/trinidhifinance.in\/tfpl\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/trinidhifinance.in\/tfpl\/wp-json\/wp\/v2\/comments?post=314"}],"version-history":[{"count":1,"href":"https:\/\/trinidhifinance.in\/tfpl\/wp-json\/wp\/v2\/pages\/314\/revisions"}],"predecessor-version":[{"id":2332,"href":"https:\/\/trinidhifinance.in\/tfpl\/wp-json\/wp\/v2\/pages\/314\/revisions\/2332"}],"wp:attachment":[{"href":"https:\/\/trinidhifinance.in\/tfpl\/wp-json\/wp\/v2\/media?parent=314"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}