Read Here the Tit- Bits on Janalakshmi Financial Services Business Loan

Are you in search of a lender, offering you the best deal for a business loan? Is that so? Well, if you have just nodded your head in YES, this article is for you. Yes, reading this article is going to be worth for you as today we are going to let you about the lender, offering you the lucrative deal for a business loan. But before we jump on the same, it is important to give you a tit-bits of this credit facility.

Now, when it comes to availing this type of loan, there is no denying the fact that there are plenty of leading banks and NBFCs are there in the marketplace, known for offering the same. So, until and unless you are not an expert or don’t have the prior experience of availing a loan, it would be difficult for you to go and grab the best deal,meeting your requirements.

Don’t worry as we are here to help you out. Talking about the best lender, Janalakshmi Financial Services Business Loan is the name you can reply as far as availing a business loan is concerned. That’s Right! Being a reputed name in the banking arena, there is no denying the fact that this bank with its wide range of financial services and products caters the varied needs of one and all.

Talking about its business loan segment, right from Micro, Small to Medium enterprise, the lender offers the working capital and term loan to all. Hence, ensures to meet the multiple needs of all the borrowers in the best way.

Moreover, the bank under its Loans for Enterprises Section offers the credit with its three uniquely-designed products. So, without wasting any time further, let’s just discuss each its product, one-by-one in the article below.

Super Nano Loan

A uniquely designed scheme to support the growing credit requirements of micro and small enterprises, belonging to existing Nano Customers. This scheme is also offered to other customers in the open market, having a credit history.

Loan Amount: If we talk about the loan amount, the lender offers the same in the range of?2 Lakh to?6 Lakh so that the multiple business needs of people can easily be fulfilled.

Tenure: Talking about the tenure, the lender offers the repayment of up to 5 years (60 months), which is itself enough to repay the loan in pocket-friendly EMIs. The longer the tenure is, the maximum time a borrower gets to repay the loan in easy monthly installments.

Interest Rate: Currently, the bank is offering this credit facility to all the borrowers at an interest rate ranges between 23%-24% per annum. If you are interested in availing the loan from this lender, above are the rates you need to bear. However, one can also negotiate for the lower rates depending on his profile and credit score.

Micro, Small and Medium Enterprise (MSME) Loan

This scheme is basically for small, medium and micro enterprises, seeking working capital and term loan. So, let’s just know more about this scheme in the article below.

Loan Amount: Under this specific category, the lender is offering you the loan amount that ranges from?2 Lakh to?50 Lakh. With this amount, it would be easier for a borrower to start his venture and take it to another level.

Tenure: As far as tenure is concerned, the bank offers the flexible repayment options of 1-4 years (12-48 months) along with part payment facility and top-up loans.

Interest Rate: The minimum interest rate being offered by the lender to avail this credit facility is 18% per annum with 26% being the maximum range.

Long Term Business Loans

This product is designed to give the liquidity to micro, medium and small enterprises, whose capital is locked in real estate. Janalakshmi Financial Services Business Loan offers financing against self-owned and occupied property, giving customers long-term growth while keeping the EMIs pocket-friendly.

Loan Amount: Under this scheme, loan amount ranges from?5 Lakh to?50 Lakh, which is being offered by the lender to the borrowers.

Tenure: The repayment period is 5 years (60 months) given by the lender to repay the loan.

Interest Rate: When it comes to the interest rates, the range lies between 18% to 26% per annum.

Anvi Sharma is a professional writer who has written on various financial products like personal loans, home loans, credit cards & mutual fund investment, etc. She believes in delivering best of her knowledge so as to help the readers und