Business Loan
At Bravima Solution, we understand that every business has unique financial needs. Our mission is to empower businesses by providing tailored financial solutions through our partnerships with India’s leading Non-Banking Financial Companies (NBFCs).
Why Choose Bravima Solution for Your Business Loan?
Zero Percent Commission: We offer business loans with no additional commission fees, ensuring cost-effective financing for your enterprise.
Quick and Hassle-Free Process: Our streamlined application process ensures that you receive funds promptly, allowing you to focus on growing your business.
Flexible Loan Options: Whether you need funds for expansion, equipment purchase, or working capital, we provide customized loan solutions to meet your specific requirements.
Trusted NBFC Partnerships: We collaborate with India’s top NBFCs to offer you competitive interest rates and favorable terms.
Features of Our Business Loans:
Loan Amounts: Avail loans ranging from ₹50,000 to ₹5 crores, depending on your business needs and eligibility.
Interest Rates: Competitive rates starting from as low as 12% per annum.
Repayment Tenure: Flexible repayment options ranging from 12 to 60 months.
Minimal Documentation: Simplified paperwork to expedite the loan approval process.
Eligibility Criteria:
Business Vintage: Minimum of 2 years in current business.
Annual Turnover: At least ₹10 lakhs.
Credit Score: A good credit history with a score of 650 or above.
How to Apply:
Online Application: Fill out our simple online form with your business details.
Document Submission: Provide the necessary documents for verification.
Approval & Disbursement: Once approved, receive funds directly into your bank account.
Documents Required:
KYC Documents: PAN Card, Aadhaar Card, Passport, or Voter ID.
Business Proof: GST registration, trade license, or establishment certificate.
Financial Statements: Audited balance sheet and profit & loss statements for the last 2 years.
Bank Statements: Bank account statements for the past 6 months.
Our Banking Partner
Frequently Asked Questions (FAQs)
Q1: What is a business loan?
A: A business loan is a financial solution designed to help businesses meet their funding needs, such as expanding operations, purchasing equipment, managing working capital, or starting new projects.
Q2: How does Bravima Solution help with business loans?
A: Bravima Solution partners with India’s leading NBFCs to provide flexible business loans with competitive rates, quick approvals, and zero percent commission for a cost-effective borrowing experience.
Q3: What is the maximum loan amount I can get?
A: Loan amounts typically range from ₹50,000 to ₹5 crores, depending on your business profile, requirements, and eligibility.
Q4: What are the eligibility criteria for a business loan?
A: The basic eligibility criteria include:
- Minimum 2 years of business vintage.
- Annual turnover of at least ₹10 lakhs.
- A good credit score (650+).
- Documents like KYC, business proof, and financial statements
Q5: How long does it take to get a business loan approved?
A: Bravima Solution ensures a streamlined process, with approvals often completed within 24-48 hours, provided all documents are in order.
Q6: What is the repayment tenure for a business loan?
A: Repayment terms are flexible, ranging from 12 to 60 months, depending on your business requirements and financial planning.
Q7: Can I get a business loan without collateral?
A: Yes, unsecured business loans are available, meaning no collateral is required. However, eligibility and loan terms depend on your business profile and creditworthiness.
Q8: Are there any prepayment charges?
A: Prepayment terms vary by NBFC. Some may charge a nominal fee, while others allow free prepayment. These details will be shared during the loan process.
Q9: Can startups apply for a business loan?
A: Yes, startups can apply, but eligibility will depend on factors like business viability, projected income, and financial stability.
Q10: What happens if I miss an EMI payment?
A: Missing an EMI may result in late payment charges and impact your credit score. If you foresee difficulties, contact your NBFC to discuss repayment options.
Business Loan Blogs
