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Getting a Loan Made Easy!

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Getting a Loan Made Easy!

Making this one decision may be the only obstacle stopping you from making the most out of your business.

Step 1: Understand the Requirement
Analyse your business needs
– Financial health
– Goals to be achieved

Figure out the type of loan
– Business loan / working capital loan / other
– Amount and tenure of the loan

Step 2: Apply for Loan
Find lenders that cater to your industry
– Identify the Loan which fits your needs
– Check eligibility
– Calculate monthly Instalments

Organise Documents
– Proof of ownership
– Business Records
– Bank statements
– Income Tax returns
– ID/Address proof
*The required documents may differ from lender to lender.

Book an appointment!
– Get in touch with the lender
– Understand the terms of the loan
– Fill in the application form and submit

Step 3: Wait for an Approval
– Regularly check in with your lender
– Provide extra information if/when necessary
– Be patient

Always remember that timely repayment of a loan, ensure a good credit score that can help your business in availing other financial benefits in the future!

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