A business loan is an unsecured credit you can avail to meet your urgent business requirements. Business loans allow you to usher in funds for your enterprise to expand your business.
You can use that money for any business expense like business expansion, boost production, buying new machinery, etc.
The following people are eligible to apply for an Instant Business Loan:
With Nowofloan's Platinum Membership, you can apply for a Business Loan in our Partnered NBFCs.
Usually, the required credit score for a Business Loan is 650 or more.
Commonly, the required CIBIL score for a Business Loan is 650 or more.
Once your application is submitted along with your documents, it can take anywhere between 1-7 days for your business loan to get approved and a couple of days after that for the disbursement.
Your CIBIL score is a crucial factor that plays an important role in your loan process and sanctions.
Following documents are required for availing a business loan: