Business Loans in Ahmedabad
Being on Forbes’s list of the fastest growing cities of the decade, Ahmedabad stands tall and high as a key industrial hub of the nation. It contributes significantly to the country’s GDP. The city is famous for the various businesses which are present here. The city is one of the largest exporters of gemstones in the country and is home to various pharmaceutical and retail businesses. Many biggies in the business sector have their corporate base in the city. Over the last few years, Ahmedabad has grown as a prominent commercial hub.
Many small and medium scale industries are potential revenue earners but lack the adequate fund which is required to run the business. Business loans are the perfect way to meet out the financial needs of the business. The amount from the money can be used to manifold the expansion and growth of the business. One can utilise the money to buy inventory, machinery, to pay debts or as working capital to rotate the cash flow.
Ahmedabad is home to many banks and financial institutions apart from many local lenders which offer loans at a higher rate of interest. Apart from the local lenders, the other option the small businesses had was to reach out to the traditional lenders, while the traditional lenders offered the business loan in Ahmedabad, they asked for collaterals and since most small businesses ran on rented or leased premise, it has hard to avail. Other reasons included multiple branch visits and tough physical documentation which kept the small business fund-starved.
However, the best option for availing a low-interest business loan in Ahmedabad is through LoansJagat, one of the most professional fintech enablers in India, which helps the applicants to access the best possible deal. Using the online portal of LoansJagat one can compare the business loan rate of interest offered by different lenders and choose the one which best meets out their needs. Business loans being both unsecured and secured in nature are also better than personal loans in a way that they offer a higher amount in comparison to the latter. One can avail business loan up to Rs. 1 crore depending on the financial credibility of the borrower. Also offered as unsecured in nature, lenders do not require any security like property or machinery/equipment to back the loan. Although, secured business loans are also available which offer higher amounts and even better interest rates.
Online loans in Ahmedabad are taking over the traditional way of visiting the bank for procuring the loan. LoansJagat lets you apply for one from the comfort of your workplace or home. With the association of over 40 eminent banks and NBFCs, LoansJagat offers you the best business loan deal. The online portal is not just user-friendly but the process of application is easy and smooth with minimal documentation and fast processing. This comes handy when businesses need immediate finances.
Let's take the example of Akhilesh, who has a manufacturing unit of denim clothes in Ahmedabad. His factory generates decent revenues. But due to delay in payments, he found himself trapped in the financial crunch and was not having sufficient funds to pay salary to his employees. He approached LoansJagat and applied for a business loan online. He only answered two questions about his personal and financial details and the system automatically showed him the list of banks offering the business loans in Ahmedabad. After thoroughly going through the various loan options, he zeroed on a private bank with the best rate of interest and terms that suited him. The documents were submitted online too. Within a span of 5 business days, his loan application got approved and the loan was disbursed in his account. The whole process was transparent and convenient and a dedicated relationship manager was there to manage and track the business loan application process for him.
LoansJagat is the most sought after business loan provider in Ahmedabad having a dedicated team of banking and finance professionals who chart out the best loan products for the customers. Their portal is safe, secure and they highly uphold the details of the applicants with stringent security.
If you are seeking a business loan in Ahmedabad, then keep the following documents handy and look no further than LoansJagat to avail the best business loan offer.
- GST returns for the last 12 months
- ITR – Financial documents for the last two years
- Business owners' and the company's KYC documents
- Business bank statements for the last six months
So if you are seeking a collateral free business loan in Ahmedabad, then LoansJagat portal is certainly the best bet. One can check various financial products on the website www.loansjagat.com and get the best business loans offers.