At Homeloanagents.in, we understand that the world of finance is a complex and ever-changing landscape. We have been in the industry for over 20 years and providing invaluable guidance to individuals and businesses seeking clarity and excellence in the realms of Business Loan in Gurgaon (Term loan & CC Limit).
Term Loan are a cornerstone of business financing. They provide a predetermined amount of cash upfront to be repaid over a set period at a fixed / variable interest rate. These loans are particularly beneficial for businesses planning significant capital expenditures, such as acquiring machinery, renovating facilities or expanding operations. Term loan is a loan that is required to be repaid in regular payments over a set period of time. The repayment tenure ranges between 12 months to 5 years. Term loans that are of a shorter duration which is of 12 months are called short-term loans and loans up to 5 years or more are long-term loans. The predictable repayment schedule helps businesses plan their finances effectively, making Term Loans in Gurgaon a popular choice for long-term investment and growth strategies.
A Cash Credit also known as working capital loan or CC Limit is a flexible financing tool that allows businesses to withdraw funds up to a specified limit, exceeding the balance in their Current Account. Working capital loans are used by individuals, entrepreneurs, start-ups, and MSMEs to meet their daily business requirements and for various business expansion services, enhancing business cash flow, purchasing raw materials, addition in inventory/stock, paying salaries, hiring staff, etc. Working Capital Loan in Gurgaon is beneficial for businesses that experience seasonal sales cycles or have irregular income patterns, ensuring they have access to funds to meet day-to-day operational needs.
At homeloanagents.in, we understand the importance of getting the right funding at right time. We have been in the industry for over 10 years and have helped more than 1000 Individuals and Business in getting the required amount of Business Loan in Gurgaon. We have tie up with different PSU’s and private sector banks for different types of financing requirements. We are Top Business Loan Agent / consultant/ DSA in Gurgaon.
Self employed individuals, proprietors, private ltd. co. and partnership firms involved in the business of manufacturing, trading or services.
The business should have a minimum turnover of ₹40 lakhs
The business should be in existence for a minimum of 3 years.
Those whose business has been profit-making for the previous 2 years
The business should have a Minimal Annual Income (ITR) of ₹1.5 lakhs per annum
The applicant should be at least 21 years at the time of applying for the loan, and should be not older than 65 years at the time of loan maturity.
Note : This is an indicative list that may change based on your actual loan application.
1. Credit clean-up : Your credit score is a vital factor of consideration. A high credit score makes it easier for you to get a loan. If you have a low credit score, identify the reasons by checking your credit report. Sometimes, minor errors affect your credit score adversely. In such a case, inform Credit Information Bureau (India) Limited (CIBIL) immediately about the error.
2. Assess your debt-to-income ratio : Lenders analyse your current income to determine your ability to pay the home loan EMIs. If possible, you can try to increase your annual income through a part-time job or by selling liquid assets like stocks. As your debt-to-income ratio increases, your chances of getting a loan can also increase.
3. Limit your borrowing : If you borrow more money than you need to meet your financial targets, your chances of getting a housing loan are reduced. Save and invest more, and take wise calls on how much money you require as a loan and submit an application for that particular amount.
4. Add a co-signor or guarantor : In certain cases, it can be difficult to get a loan on your own accord. Consider adding a co-signor or guarantor with a good credit score. A co-signor or guarantor ensures that you pay your home loan EMIs on time, and if you fail to do so, they are liable to repay the loan on your behalf. However, getting a co-signor or guarantor comes with its own terms and conditions and so be sure to take note of the same
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We offer a variety of business loans in Gurgaon tailored to meet the diverse needs of entrepreneurs, including term loans, lines of credit, equipment financing etc
The amount of funding you can receive on your Business Loan depends on several factors, including your business’s financial health, credit history, collateral, and the type of loan you’re applying for. We’ll work with you to determine the best financing solution for your specific needs.
Eligibility requirements vary depending on the type of Business loan you’re interested in. Generally, we consider factors such as your business’s revenue, credit score, time in business, and collateral. Contact us to discuss your specific situation.
The approval process can vary depending on the complexity of your application and the type of loan you’re applying for. In some cases, you may receive approval within a few days, while other loans may take longer to process.
The required documentation can vary depending on the type of loan you’re applying for, but commonly requested documents include business tax returns, financial statements, bank statements, business licenses, and personal identification.
Collateral requirements vary depending on the type and amount of the loan. Some loans may require collateral, while others may be unsecured. We’ll work with you to determine the best financing option for your business.
Interest rates and fees vary depending on the type of loan, the amount borrowed, and your business’s creditworthiness. We offer competitive rates and transparent fee structures. Contact us for a personalized quote.
Repayment terms vary depending on the type of loan, but common repayment methods include monthly installments, weekly or bi-weekly payments, or a lump-sum payment at the end of the loan term. We’ll work with you to create a repayment plan that fits your cash flow.
A term loan also known as Business Loan is a type of loan provided by a bank or financial institution that is repaid over a set period, or "term." This type of loan typically has the following characteristics:
Term loans are a common and flexible financing option, suitable for both individuals and businesses needing a substantial sum of money repayable over a fixed period. Many Banks and NBFCs provide Term or Business Loan in Gurgaon.
