You’ve heard of life insurance and health insurance, and there’s even insurance you can purchase for expensive assets like jewellery and property. But have you ever heard of Business Loan Insurance? Read on to learn more about Business Loan Insurance and why you should get it when you get business financing from a formal lender.…
If you’re thinking about getting a business loan, you’ve come to the right place. To get a business loan from a formal lender, you must pass some eligibility criteria before you get your loan. These eligibility criteria include your business sector, business vintage, annual business turnover, your credit history, your credit score, and your age.…
Getting an MSME loan from a formal lender has become a lot easier, faster, and user-friendly over the last few years. Technology is helping with that. It used to take 4-6 weeks and multiple visits to the lender to get your loan, now you can apply for your business loan online and get your money…
If you’re a first-time borrower, you may be contemplating your options to cover your business funding requirements. As an SME, you can apply for a business loan with a formal lender who will offer you the loan at mutually agreed-upon terms. Both you and the lender sign a contract to ensure both parties follow through…
Picture this – your business is growing, and you’ve decided to expand, but you need a business loan to do that. Based on your financial needs, current finances, and expansion plans, it may be difficult for you to find one lender who is willing to lend you your entire requested loan amount. In this case,…
If you’ve never applied for a business loan before, you may have some questions about the process – how it works, do you qualify, how long will it take, what is a credit score, what documents will you need, which lender do you apply with, among others. Here, we’re addressing your question about documents –…
If you’re interested in applying for a hassle-free business loan, you’ve come to the right place! CreditEnable partners with 25+ leading lenders in India, including ICICI Bank, Kotak Mahindra Bank, Bajaj Finserv, and Lendingkart, to get you the best business loan at the most favourable lending terms! We’ve enabled Unsecured Business Loans in just 2-3…
On Tuesday, 1 February 2022, Union Finance Minister, Nirmala Sitharaman, presented the Union Budget 2022, a day after the Economic Survey 2021-2022 was released. Hailed as a budget that addresses the physical, social, and digital infrastructural needs of the country at this moment, the Honourable Finance Minister said the budget lays out India’s development trajectory…
As more lenders digitize and begin offering their borrowers the option to automatically pay their EMIs using the NACH (National Automated Clearing House) service, paying a business loan EMI using a cheque is becoming less common. Despite using NACH, when you get a business loan from a formal lender, you will still need to give…
When you apply for a business loan, lenders will check your bureau report before deciding to lend to you. There are 4 RBI authorized Credit Information Companies (commonly known as credit bureaus) in India. These credit bureaus prepare your credit report (also known as a bureau report). When you apply for a business loan, two…
