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