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Secured Term Loan

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  • Secured Term Loan

Secured Term Loan

Secured term loan for purchase of machinery, property, or business expansion. This facility can be availed for a longer tenure & higher amount as compared to unsecured loan wherein business assets or residential/commercial property can be kept as security.

Benefits

The lender gets security against non-repayment of the loan

Lenders are willing to offer lower interest rates since their principal is secured

Secured loans are usually taken for large sums

It is convenient to offer the capital asset being purchased as collateral against loan


Loan Amount

Loan amount can be availed from minimum of 5 lakhs up to 10crs

Repayment period

Loan amount can be availed for a minimum tenure of 12 months up to 15 years

Minimum Business Loan Requirements

Pan Card

 Last three years income tax returns

Audited Financial Statement

Tax Audit Report

 Shop Act

MSME Certificate

Registered Partnership Deed (In case of Partnership)

Incorporation Certificate (In case of Company)

Last one year bank statement.

Business Address Proof i.e. Registered Rent Agreement or any ownership documents

Adhar Card of Directoer/Partner/Proprietor

Last three years income tax returns of Directoer/Partner/Proprietor

Net worth Certificate of Directoer/Partner/Proprietor