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Whether you are setting up a small venture, need working capital to further your business or manage personal expenses, securing a business loan is the best solution for any kind of financial crunches. At IIFL Home Loans, we offer loan for small businesses in the form of a Secured Business Loan that is a multi-purpose financing option to gain instant financial assistance whenever required.
Prospective applicants can avail of the sme loan against residential, commercial or a plot of land. The pledged collateral assures the lender that the borrower would repay the loan over the tenure specified in the loan agreement. The secured business loan interest rate starts from 10.75% onwards. Borrowers can avail of the loan for a maximum tenure of 10 years.
Apply for a business loan online and get quick disbursal with easy and simple documentation. The documents required for Secured Business Loan are:
|Copy of chain documents of the property (if applicable)||Yes||Yes|
|Copy of Receipt made to the developer (if applicable)||Yes||Yes|
|Copy of Buyer Agreement||Yes||Yes|
|Copy of Agreement to Sell (if executed)||Yes||Yes|
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