Unsecured Business Loans for Manufacturing, Trading, Service & IT sectors
Apply for BL <5 lacs(without rewards) from below form
Step 1
Take some benefits of your network & earn some extra income by referring loan leads
Step 2
Register on our website www.bankdeals.in by visiting Sign up page on menu & submitting some minor details
Step 3
You can submit the lead just in 40-50 seconds without disturbing your regular work
Step 4
We will start working on it & keep you posted through emails for each progress
Step 5
On each successful conversion you will get Commissions/Rewards/Incentives
Click here to refer relative, friend & colleagues
Click here if you are an Architect, C.A. or Ex-Banker etc.
Click here if you are a Bank employee
Existing users with 5 lacs & above loan leads can Sign in from here
FAQ's
Queries before Applying for the Business Loan
Q. What is a good credit score to get instant business loans?
Ans. Any credit score that is above 750 is considered good by financial institutions.
Q. How to choose the ideal repayment tenor for business loans?
Ans. Ideally, if you avail short-term loan then the repayment tenure should not exceed 12 months. However, it may increase as per the desired loan amount. The maximum repayment period can be chosen up to 5 years.
Q. What is the impact of GST on business loans for new businesses?
Ans. GST plays an important role in getting business loans, as more the GST is paid, larger shall be the business volume. Therefore, it becomes easy for banks to rely on such applicants or borrowers that pay their GST.
Q. What is the minimum turnover requirement for a loan to start a business?
Ans. The minimum annual turnover criteria is defined by the lender and varies from bank to bank. However, applicants shall apply online with minimum annual turnover of Rs. 10 lakh or above for existing enterprises or businesses.
Q. Can an applicant who is 21 years avail business loan?
Ans. Yes, any individual who is 21 years and above at the time of loan application is eligible to apply for business loan.
Q. Do I need to submit any collateral to the bank before applying for a business loan?
Ans. No, you are not required to submit any collateral to the bank or NBFC, only for few specific secured business loans, collateral is required.
Q. What are the pre closure and part-prepayment charges in business loans?
Ans. The pre-closure and part-payment charges vary from lender to lender. It may be Nil from some banks and may exceed up to 4%-5% of the loan amount from others. Ensure to check the same with your lender.
