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Planning to Expand Your Organization? Get Business Loan Online
Whether you are planning to start a new business or transforming your small-scale business to a large scale, it's not as easy as it sounds, especially when it comes to financing. One of the biggest hurdles that you have to overcome is the need for funds. In such a scenario, personal loans are a great alternative. A personal loan is an unsecured plan that helps to meet your financial requirements, and using it for your business purpose offers unique perks and benefits. Looking for a seamless and quick loan disbursal, then Buddy Loan is there to help you out that provides loans at lower interest rates starting at 11.99%. Read on to know the various features of availing personal loans online for your business expansion.
Availing Business Loan Online
Getting a business loan for an organization that is less than two years old can be difficult, and challenging too. However, you can apply for a personal loan and use it for your business growth. Personal loans require minimal documentation, offer lower interest rates, longer tenure, no hidden charges, and many more. A lender only asks for your personal information, income proof, and will check the credit score report to sanction the loan, and not the details of your business. You can split the funds as well and use them for both business and personal expenses, or any other needs. Thus, a personal loan is a great way for any individual.
No Collateral Required For Personal Loan
Personal loans are unsecured and don't ask for any collateral. So, even if you fail to repay, the lender can’t grasp your assets. But it’s always advisable to set a reminder for your repayments so that you maintain good financial health and improve your credit history all time. Buddy Loan is perfect when you don’t want to provide assets as security for your loan.
Quick Disbursal Make Everything Easy
The process of getting a personal loan sanctioned for your business is easy and quick with Buddy Loan. All you have to do is submit a few documents including, identity proof, residence proof, photographs, and proof of income. And once your loan gets approved, the loan amount will get disbursed within 48 hours. When you require urgent funds for your business, a personal loan is a right choice. Applicants can apply for a loan amount up to 15 Lakhs with the best EMI options and a tenure period of 6 months to 5 years.
Documentation Checklist
Identity proof - Aadhar Card/PAN card/Passport/Voter ID
Address proof
Bank statements for income proof
Financial documents - ITR with balance sheets
The documentation varies from lender to lender!
Conclusion!
Are you looking to apply for a personal loan? Look no further! Buddy Loan offers customized personal loans to meet your business needs without any hassle. Apply now and enjoy the ultimate benefits and features.