Getting a Business loan has never been this easy!

For the Business owners & self employed we present a great chance to check out for the best loan offers from different Banks & NBFCs

Merchant Details

    What Drives Us

    Simplifying the Loan Application Process

    Our motivation stems from our commitment to streamline the loan application process. Our daily mantra is centered around achieving excellence in every interaction. We tirelessly strive to enhance the loan acquisition experience, in collaboration with lenders, merchants and strategic partners.

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    Process

    Quick, Easy & Simple

    Apply

    Kindly submit your application through a simple application form and submit the required documents.

    Approval

    Kindly finalize your selection of the most suitable loan offer and proceed to fulfill the signing requirements for the Mandate and Agreement execution.

    Disbursement

    You can get funds in your account within a day of completion of application process.

    Features

    We Provide an extensive list of features

    Extensive Network

    Expert Advice

    Application Assistance

    Personalized Service

    Our Servicing Approach

    Quick Process

    Streamline the loan application process, saving borrowers time and effort

    Multiple Options

    Provide borrowers with various options with multiple lenders and help them choose the most suitable loan product for their requirements.

    Vast Network

    By leveraging our network, we strive to ensure that borrowers have access to the best loan offers available in the market.

    Quality Advice

    Expert advice and guidance to borrowers, helping them understand the loan process, documentation requirements, eligibility criteria, and other relevant factors.

    Personalized Approach

    We work closely with customers to advise for loan solutions to help them in their individual circumstances.

    Why you should choose us?

    Interest Rates

    Actual Rates offered by Banks

    Fees and Charges

    No charges imposed to customers by Quickfinshop

    Loan Term

    Flexibility to choose between 12 to 72 months as offered by multiple banks

    Repayment Flexibility

    Supported on NACH enablement

    Loan Eligibility criteria

    As per Bank's policy to open to all eligible customers

    Customer service

    As per the prescribed guidelines from the Banking Partners

    A: A business loan is a type of financing provided by banks, financial institutions, or online lenders to help businesses meet their financial needs. It provides access to capital which can be used for various purposes such as starting a new business, expanding operations, purchasing equipment, managing cash flow, or investing in new projects.
    A: There are several types of business loans available, including:
    • Term loans:These loans provide a lump sum amount that is repaid over a fixed term with regular installments.
    • Lines of credit: A line of credit allows businesses to borrow funds as needed up to a predetermined credit limit. Interest is only charged on the amount borrowed.
    • Equipment financing:This type of loan is specifically used to purchase equipment and machinery for business operations.
    • Invoice financing:Also known as accounts receivable financing, this option allows businesses to borrow against their outstanding invoices.
    • Commercial mortgages:These loans are used to purchase or refinance commercial properties.
    • Business credit cards: Credit cards designed for business use that provide revolving credit and various benefits tailored to business needs.
    A: Eligibility criteria can vary depending on the lender and the type of loan. However, common factors that lenders consider include the business's creditworthiness, financial history, time in operation, annual revenue, and the purpose of the loan. Lenders may also evaluate the personal credit history and financial stability of the business owners.
    A: The amount you can borrow depends on factors such as the lender's policies, your business's financial strength, and the purpose of the loan. Lenders typically have minimum and maximum loan amounts. Small business loans can range from a few thousand dollars to several million dollars, depending on the lender and the specific loan program.
    A: The interest rate for a business loan can vary widely based on factors such as the type of loan, the lender's assessment of risk, the borrower's creditworthiness, and prevailing market conditions. Interest rates can be fixed or variable. Generally, business loan interest rates range from around 4% to 30% or more.
    A: The time it takes to get approved for a business loan can vary depending on factors such as the lender's processes, the complexity of the loan application, and the completeness of the documentation provided. Some online lenders may offer quick approvals within a few hours or days, while traditional banks may take several weeks to process and approve a loan.
    A: When choosing a lender for a business loan, consider the following factors:
    • Interest rates and fees:Compare rates and fees from multiple lenders to find the most competitive option.
    • Loan terms:Evaluate the repayment terms, such as the loan duration and the frequency of payments, to ensure they align with your business's cash flow.
    • Lender's reputation: Research the lender's reputation, customer reviews, and track record to ensure they have a history of providing reliable and fair financing.
    • Loan requirements:Understand the eligibility criteria and documentation requirements of different lenders to determine which ones you are most likely to qualify for.
    • Customer support:These loans are used to purchase or refinance commercial properties.
    • Business credit cards: Consider the level of customer support and accessibility provided by the lender, as it can be important during the loan application process and throughout the loan term.
    A: To improve your chances of getting approved for a business loan, consider the following steps:
    • Build a strong credit profile:Make timely payments on existing loans and credit obligations to improve your credit score.
    • Prepare a detailed business plan:A well-structured business plan that demonstrates your business's viability and growth potential can increase your chances of approval.
    • Maintain accurate financial records: Keep your business's financial statements, tax returns, and bank statements up to date and organized.
    • Reduce debt and improve cash flow:Lenders assess your business's ability to repay the loan. Demonstrating healthy cash flow and manageable debt levels can strengthen your application.
    • Provide collateral: Offering collateral, such as business assets or personal assets, can provide security for the lender and increase your chances of approval.
    • Research and compare lenders: Explore different lenders and loan options to find the ones that best align with your business's needs and financial situation.
    A: Some benefits of a merchant loan include:
    • Quick access to funds: Merchant loans often have a simple and streamlined application process, allowing businesses to access funds quickly, sometimes within a few days.
    • Less stringent credit requirements:Merchant loans are typically available to businesses with less-than-perfect credit histories, as the lender focuses on the business's credit card sales volume and future revenue potential.
    • Flexible repayment structure: Repayment is based on a percentage of credit card sales, which means the amount repaid fluctuates with the business's revenue. During slower sales periods, the repayment amount adjusts accordingly.
    • No collateral required:Merchant loans are typically unsecured, meaning they do not require collateral, such as property or equipment, to secure the loan.
    • Use funds for various purposes The loan funds can be used for a wide range of business needs, such as purchasing inventory, covering operating expenses, marketing campaigns, or addressing cash flow gaps.
    A: The ability to pay off a merchant loan early depends on the terms and conditions set by the lender. Some lenders allow early repayment without penalties, while others may charge a prepayment fee or have specific requirements. It's important to review the loan agreement and discuss early repayment options with the lender before proceeding.