Business Loan

A business loan is a kind of financing you can avail to meet the urgent needs of your growing business.

If you need funding to expand your existing business, buy machinery, or boost production, look no further than a Canfin Services Business Loan.

Avail financing at attractive interest rates, borrow capital without pledging any of your assets and get access to credit that can be repaid over a specific period of time.

Features and Benefits

Use the funds to invest in infrastructure, expand operations, upgrade to the latest plant and machinery, maintain inventory, or to increase working capital. These customized loans can give your business the much-needed boost to help your enterprise scale new heights with enhanced competitiveness and profitability.

Top Features of Canfin Services Business Loans:

Large capital made affordably
Canfin Services offers easy and quick business finance to small businesses at low-interest rates. Whether your business has needs for short-term loans, intermediate-term loans or long-term loans, these loans are the perfect financing solution for your small-scale business.

Flexi Loan Facility
Withdraw only what you need and repay funds as per your business cash flow at nil prepayment charges. Pay only interest as EMIs, and repay the principal at the end of the tenor.

Hassle-free unsecured loans
These unsecured business loans are approved in under 24 hours, come with easy eligibility criteria and can be applied for with just 2 documents. These exclusive features make Canfin Services the best, fastest and most hassle-free business loan provider to meet urgent financial needs of your growing business.

No collateral
Canfin Services business loans are collateral-free, which means you won’t have to put your personal or business assets on the line to get financing. And since you don’t need to pledge collateral, there is no requirement for appraisal of the value of your assets. As a result, with collateral-free loans, funding is much faster and requires only minimal documentation.

Pre-approved Offers
Apply online and get pre-approved offers for an instant loan without security from Canfin Services. Enjoy a high top-up loan or an interest rate reduction on your business loan.

Online Account Access
You have the convenience of accessing your business loan statement anytime from anywhere.

Benefits of Business Loan:

  • You can use a Business Loan to:
  • Increase your business cash flow
  • Lease bigger office premises
  • Renovate your office
  • Purchase, lease or repair machinery and equipment
  • Upgrade to the latest technology
  • Stock up on inventory
  • Hire seasonal employees
  • Purchase raw material for bulk orders
  • Expand to another area or city
  • Scale-up operations and take on bigger projects and much more

Business Loan Eligibility

Business loan eligibility is based on the type of business loan you wish to acquire. The different types of loans will have different eligibility criteria.

Types of the business loan offered

  • Term loans
  • Collateral free loans
  • Loans without financials
  • Loans for schools and colleges

 

Documents Required

  • Application form with photograph duly signed
  • Self-attested copies of all KYC documents
  • Partnership deed, certificate of incorporation, shops and establishment certificate
  • Copy of pan card of an entity, proprietors, partners, directors, security providers and guarantors
  • Address proof of entity, proprietor, partners, directors.
  • Latest bank statements for last 1 year
  • In the case of multiple banking, statements covering a minimum of 70% to 80% of banking, turnover is to be provided.
  • Last 2 years income tax returns of the borrowing entity (along with computation of income and copy of acknowledgement)