A short-term business loan in India is also known as working capital loan. It is designed to help business owners to fulfil immediate financing needs by providing quick access to the working capital.
As is suggested by the name, such loans are not available for long time durations, and they also need to be repaid within one year. These loans are one of the best tools for business owners who fail to avail long-term loans from financial institutions and banks. These loans
| Credit score | Lenders generally prefer borrowers with a good credit score, which is a numerical representation of a person's creditworthiness. A high credit score indicates that the borrower has a good repayment history and is likely to repay the loan on time. |
| Income | Lenders also consider the borrower's income to determine their repayment capacity. A higher income usually translates to a higher loan amount and better loan terms. |
| Age | Most lenders have a minimum and maximum age requirement for borrowers. Typically, the minimum age requirement is 18 years, and the maximum age requirement is 60-65 years. |
| Employment status | Borrowers who are salaried or self-employed are generally eligible for short-term loans. Lenders may require proof of employment, such as salary slips or bank statements. |
| Loan purpose | Short-term loans are often used for specific purposes, such as funding a business, paying for a medical emergency, or meeting urgent expenses. Lenders may require documentation related to the loan purpose. |
All loans are not created equal, Loans has become a great option for people to use.
Finbrok helps you to get the loan faster than any other consultants! Starting from document prepartion, our main motto is to get you the money!
All charges are communicated up front in writing along with the loan quotation, and let us know how much money you want and we set strategy accordingly.
Our loan rates and charges are very attractive. we provide Best vehicle loan in Kerala-2022.We always get you loan for the best interest rates in the market. Its upto us to get you a hassle free loan.
As our loan rates and charges are very attractive, we help the clients to workout on tenure which never become a burden for them. We works for you.
Now apply for a Loan online, All you need to do is provide your details below application form.
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