Benefits Of Taking A Business Loan In Patna - Loan Trivia

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Wednesday, 13 June 2018

Benefits Of Taking A Business Loan In Patna

Patna is the fastest growing city in the world, and the fifth largest city in India. It occupies the second spot among 17 Indian cities, in ease of doing business, according to The World Bank’s 2009 ranking. So, it’s a good time to take a business loan in Patna, if you are planning to.


Benefits of a business loan

Flexi Loan Scheme

This is a unique facility which lets you withdraw cash, as per your business needs. Interest is charged only on the amount withdrawn. This helps to lower your EMI by up to 45% while you pay off the loan.

High Loan Amount

Most financial institutions and NBFCs offer high loan amount up to Rs. 30 lakh. These are available for short-term, intermediate-term and long-term needs.

Collateral Free Loan

These are collateral free loans which means you do not have to pledge your property or any investment as security. As a result, you can easily apply online to receive instant loan approval with minimum paperwork.

Preapproved Offers

Additional benefits of the loan include preapproved offers, top-up facility to cover unmet business needs, balance transfer to lower interest and interest rate reduction.

Online Loan Management

Having an online loan account lets you access your account from anywhere, at anytime. You can easily track loan cycle with details like repayment date, interest rate, loan amount paid and so on.

However, loan amount and interest depends on individual applicant, so check out aggregator sites to choose the most suitable offer.

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