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Running a business means paying for business related expenses. Funds are a pre-requisite for expenses such as start-up expenses, business expansion, working capital, etc. When adequate funds are not available, businesses can avail funds from external lenders such as Banks and NBFCs for such expenses, and the funds that are availed are known as business loans. Thus, business loans are debts that a company must repay in accordance with the terms and conditions in the loan agreement.
To apply for a business loan, go to the Business Loan page and select from an array of options offered by kwik loan Partner Banks and NBFCs to apply. -
Depending on the lender you select, you can get a business loan for salaried persons; this however depends on the eligibility criteria applicable.
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Most Banks and NBFCs offer minimum Rs. 50,000 as a business loan.
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Banks and NBFCs offer funds as business loans after keeping assets as collateral or security. The assets are first valued, and the terms and conditions of the business loan are then decided for your loan agreement.