Paperless process
No collateral needed
In the fast-moving business landscape of India, applying for a business loan has become a necessity as companies take all possible steps to change their business dynamics. Whether you are an entrepreneur who is looking for financial support to start a business or an already established business owner who is looking for financial support for expanding their business, having working capital is essential. At GoFinance, we are here to help you start, grow, and expand your business to new heights.
Our business loans are designed specifically to provide all business owners with opportunities to grow, expand, and make their businesses profitable. We streamline the application process for business loans to ensure quick and hassle-free approval. These loans come with good, attractive rates and a fixed term to repay. GoFinance helps grow your business without giving a second thought to your finances.
Apply for a business loan today with GoFinance and watch your business grow and excel to new heights.
No particular limit is set; however, it can start from INR 10 lakhs.
Smooth and simple business loan approval within hours of applying.
Quick and easy loan credit in your bank account within a few hours of applying.
Reasonable and easy application of EMI options available.
GoFinance is a financial institution that will provide you with business loans at attractive interest rates and offer you consultations on various financial fields. There are many other benefits you will see when you apply for loans with GoFinance
Attractive Interest Rates:When you apply for business loans with GoFinance, you will see that you get loans at competitive and attractive prices.
Easy application for a loan:You can easily apply for loans through GoFinance online, and also get a quotation if you have any doubts.
Enhanced Cash Flow Management:You can apply for a business loan with us and build a bridge between the financial gaps.
Build a strong credit profile:By repaying the loan amount on time, you can build a strong credit score for future purposes.
Quick Disbursal:Once you have applied for a business loan online, the amount will be credited to your account within 48-72 hours of application.
Very convenient and easy:The application for a business loan has become easy because of the application process being paperless and all the processes happening online.
It is always advisable that you check the eligibility criteria before applying for any loan, especially a business loan. These eligibility criteria are normally about the tenure of your business, the nature of your business, and the credit score of the borrowers, be they an enterprise or an individual. The basic requirements are:
The business should have been running for at least 2-3 years and be profitable for at least 1 year.
The credit score of the borrowers, be they individuals or enterprises, should be 700 or more.
The businesses applying for a loan should not be blacklisted under any circumstances.
NGOs, charitable organisations and trusts are not at all eligible for business loans.
The address and pin code of the business should fall under the serviceable location.
The business owner should be able to produce their own identity proofs and also show the proof of the business’s existence.
The documents needed for applying for a Business Loan online are mentioned below:
The First Important Document Is the KYC Document, Which Includes the Identity Proof of the Borrower and All Other Partners Involved.
A PAN Card of the Borrower and All the Other Borrowers Is a Necessary Document.
The Last 6 Months of Bank Statements of the Business’s Operative Bank Account.
Proof of Business Registrations.
All the Other Proofs, Which May Be Needed During the Processing of the Loan Request and Also to See the Credit Assessment.
If Your Business Is a Partnership Business, Then the Documents Needed Would Be the Deed Copy and the Business’s PAN Card Copy.
GoFinance is a non-banking financial institution offering attractive and competitive loan interest rates and ensuring that the monthly payments are smooth and hassle-free. There are no hidden fees behind all the processes you follow; there will be complete transparency.
Business loans are the total sum of money that is lent to a company or business by a financial institution to be repaid with an interest rate over a set period. Most of the business owners take this loan as they are used for various purposes:
Funding a new project starting in your company.
Expanding your business in the same locality or soem other location.
Making purchase of machineries or inventory
Paying of the old debts.
Needing funds to meet the daily expenses of the business.
The process of applying for a business loan online includes filling in the details related to the business and the borrower. The details that are required to be filled in during the application for the business loan are the financial and business statements, a credit score check, and other relevant documents related to the business and the owner etc.
Click on “Apply Now” and fill in the form.
Complete and fill in all the KYC details and the other details.
After filling in the form online, click on the “Submit Now” button.
Click the "Submit" button.
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