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Dhanlaxmi Bank provides unsecured loans that are ideally aimed to provide financial aid towards business needs of self-employed professionals, business owners and even doctors. These loans can help out in the growth or urgent financial demands of any business.
This unsecured loan is provided to self-employed individuals or entrepreneurs for the sake of furthering their business. Long repayment terms allow the loan to function as an effective working capital tool.
An unsecured business loan as this has a few eligibility criteria to be met in order for the financial institution to be able to sanction the loan. The eligibility requirements can be mentioned as follows –
Business Loan from Dhanlaxmi Bank is a specific term loan with repayment period of up to 5 years.
Based on the credit-worthiness of the applicant and validity of documents, Dhanlaxmi Bank can provide loans from INR 10 lakhs up to INR 5 crores.
Interest rates for a Business Loan could depend on the base lending rate and is based on the discretion of Dhanlaxmi Bank. Further changes to the rates could be done by Dhanlaxmi Bank as and when required.
The standard list of required documents for applying for this loan are mentioned as follows –
The above set of documents comprise the minimum required list. To aid in credit approval, Dhanlaxmi Bank might ask for extra documents if necessary.
The Business Loan from Dhanlaxmi Bank is a good financing option for urgent financial needs on business grounds.
Some key features of this specialised loan are as follows –
The loan can be applied for through Dhanlaxmi Bank’s website, as well as forms can be downloaded, filled and submitted along with relevant documents at a local branch. Additionally, one could call or mail Dhanlaxmi Bank requesting an executive assistance for application process.
One can also apply for Dhanlaxmi Bank Business Loan through BankBazaar, wherein eligibility charts, EMI calculators and infographics can guide one through the application process.