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herofincorp

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Small businesses often rely on unsecured business loans to fuel growth. Read on to know about its advantages and how you can apply for it. – PowerPoint PPT presentation

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Title: herofincorp


1
  • Know About The Advantages And Application Process
    of Unsecured Business Loan

2
  • Unsecured Business Loans Are Issued To Businesses
    Based On Their Creditworthiness, Health, And Cash
    Flow. Here, You Will Learn About The Advantages
    And The Application Process In Detail.

3
  • Advantages

4
  • Collateral-Free
  • There Is No Need To Pledge Collateral To Apply
    For This Loan. Therefore, You Can Apply For This
    Loan Without Risking Any Of Your Assets.

5
  • Low And Attractive Interest Rates
  • The Interest Rate Is Generally Low, Especially
    For Those Who Have Good Credit Scores. The Lender
    Can Either Provide Fixed Or Flexible Interest
    Rates.

6
  • Flexible Repayment Tenure
  • The Loan Tenure Is Flexible And Can Range
    Anywhere From 12 Months Up To 36 Months.

7
  • Quick Approvals
  • Simply Apply Online For An Unsecured Business
    Loan. If You Clear The Eligibility Criteria And
    Your Documents Are In Place, Then Your Loan Will
    Get Approved Within Two Days.

8
  • Improve Credit Score
  • If You Have A Poor Or Average Credit Score, Then
    You Can Improve It By Making Timely Repayments Of
    Your Unsecured Business Loan.

9
  • Application Procedure

10
  • Research On Lenders
  • Do A Thorough Research About The Different
    Lenders Available In The Market. Check Their
    Reputation, Interest Rates, Tenure, Loan Amount,
    And Processing Fees.

11
  • Unsecured Business Loan Eligibility
  • Every Lender Will Have Different Eligibility
    Criteria. For Instance, Our Eligibility Criteria
    Include
  • SME Business Should Have A Minimum Of Five
    Years Of Work Experience
  • Businesses Should Have Satisfactory Credit And
    Financial History

12
  • Documentation
  • You Need To Have All The Necessary Documents For
    A Hassle-free Application Process. An Applicant
    Should Have The Following Documents Latest
    Audited Financials
  • GST Returns For Financial Year
  • Latest Six Months Statement Of All Operative
    Accounts

13
  • Latest Share Holding Pattern/List Of Directors,
    If Applicable
  • Self-attested KYC Of Business Loan Guarantors
    And Borrowers
  • Self-declaration On Running Term Loans /
    Working Capital Facilities

14
  • Application Form
  • The Last Step Would Be To Ensure That The
    Application Form Is Duly Filled To Avoid Any
    Rejection Duty Incomplete Forms.
  • Before Final Submission, Do A Quick Review Of All
    The Attached Documents And Application Form And
    Then You Are Ready To Apply For An Unsecured
    Business Loan.

15
Thank You !Would Love to Hear From You
  • Hero FinCorp Limited
  • 09, Basant Lok, Vasant Vihar, New Delhi - 110057
  • Tel. 18001024145
  • Email Id Corporate.Care_at_HeroFinCorp.com
  • Website https//www.herofincorp.com/
  • Know more- Know About The Advantages And
    Application Process of Unsecured Business Loan
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