Definitely, you’re at the right place if you’re searching for financial avenues to fuel your growth. At Plangrip here we understand your ambition to grow your company. If you’re a small company or a mid-size organization looking for funds to further expand your company, we’ll take care of all your capital needs. Our personal loan for business will help you expand your established business enterprise in the current competitive market climate. So, whether you have a funding need to purchase new equipment or a customized personal loan for your marketing and advertisement needs.

 

What Is Personal Loan For Business? And Why You Need It For Your Business?

 

As the name suggests, personal loans are aimed at individuals who may need money for various purposes from basic to advanced. These can range from purchasing a product to getting married, personal loans give the borrower the freedom to use the money for whatever reason. There is usually a short term business loan, but the interest rate appears to be high. Personal loans usually don’t need collateral as insurance, which is one of the reasons behind its popularity.

 

Additionally, a personal small business loan is a loan for which the borrower is directly responsible, even though the money is placed in for small business costs or costs. Getting a good business success story it’s almost always easy to apply for a personal loan. Therefore, a personal business loan is designed to meet the requirement of immediate funding needs with certain special interest rates and leverage business opportunities.

 

What Are The Advantages Of Obtaining Personal Loan For Business At Plangrip?

 

  • The easy and stress-less online application process for obtaining a personal loan for business
  • Personal loan for business requires documentation process to be easy and instant
  • Here at plangrip, after fulfilling all the required tasks for a personal loan for business, requires easy and fast loan approval
  • No need to submit any kind of security or collateral at all
  • Personal loan for business has low-interest rate surely at plangrip
  • Flexible tenure
  • Repaying the cash or money is as easy as eating a tasty cake through EMI – Easy monthly EMI payment option
  • Fund disbursal is quick

What Docouments Are Required For Personal Loan For Business At plangrip?

  • Application Form: full loan identification form with one passport size photograph Valid Applicant Identity Proof: Passport, Photo PAN, Voter Identity Card, Driving License and MAPIN Card Proof of Residence: Ration Card / Telephone Bill/ Lease Agreement/ Energy Bill / Passport / Trade Certificate / Sales Tax Certificate Proof of Age: Passport, Photo PAN Card, Voter Identity Card Financial
  • Self Employed (Private Ltd. Co. and Alliance Companies): P & L Copies of IT returns over the past two years and P & L and the balance

 

Eligibility Criteria You Must Meet In Order To Get Personal Loan For Business

  • First of all, the applicant must be in business for the last 3 years with a minimum turnover of Rs.40 Lakhs 
  • Secondly, the business must have produced a profit of at least 1 year 
  • Ultimately, the applicant should be a sole proprietor/partnership company/private Ltd Co./Trust/LLP involved in the business.