Personal Loan For Business

“Need Cash? Get a Personal Loan For Business Today”

Looking for business loans? PlanGrip can help you get a personal loan to use for your small business.

Today the business is booming – Fortunately, a personal loan is a great boon that gets you without any hassle. So, if you need a quick loan for business then PlanGrip offer you the best loan, that helps you to grow your business and give one solution for all your business issues.

But getting a small business loan can be challenging, especially when you are in the beginning stage of your business. But don’t get worried we are always ready to help you out.

We offer a personal loan with minimum documentation, quick processing, and easy approval. So, let’s get ready to apply for a personal loan for small business start up.

What Is A Personal Loan For Business?

A personal loan for small business is a loan for which the borrower is individually liable, even if the money is put in for small business costs.

Having a solid history of success in business, it is almost always easy to qualify for a personal loan. Therefore, a personal business loan is designed to meet immediate financing needs with some special interest rates and taking advantage of business opportunities.

Some Factors Personal Loan 

For a personal loan, many lenders will consider many factors as they calculate your credit score. For example, take a look these type of questions they might ask from you:

  • Do you have a business history
  • How will you use this loan?
  • Are you willing to put down collateral?
  • How much money do you need?
  • What interest rates can you afford?
  • How is your credit card score?
  • What is your annual revenue?
  • How long have you been in this business?

PlanGrip Advantage To Apply For A Personal Loan For Small Business At Lowest Interest Rates

One great thing about this loan is their payment structure is so easy to understand and of course for its low-interest rates. There are no hidden fees, no complicated documents – just you, a lump sum of cash, and a fixed monthly payment.

Overall we have made this section so you have a quick overview of all the benefits that are associated with the personal loan. However, here are some of the key advantages of a personal loan.

  • Lowest loan interest rates
  • Less qualifying criteria
  • Quick and instant approval to get personal loans
  • Available for women entrepreneurs
  • The easy online application process
  • Easy documentation
  • No lengthy application
  • Pocket-friendly repayments
  • No security or collateral required
  • Easy EMI payment option
  • Get approved 4 out of 5
  • Quick personal loans disbursal
  • Pre-approved applicants can get instant approval under 10 second with no additional documents

What Are The Documents Required To Apply For Personal Loan For Business?

To ensure a quick smooth application process, please make sure that you have digital copies – Here is a list of documents that are required for all the personal business loan.

  1. Income proof – Last 3 months of salary slip
  2. Bank statements – Last 6 months bank statements
  3. Date of birth proof – 10th certificate, PAN card or birth certificate
  4. Address proof – Bank statements, voter ID card, aadhar card, passport, ration card, electricity bill, rental agreement or driving license
  5. Signature proof – PAN card, passport
  6. Identity proof – Aadhaar card, passport, voter ID card or passport
  7. Photographs – 2 passport size color photographs of the applicant
  8. Contact proof – Postpaid mobile bill, postpaid landline bill
  9. Business proof – Quotation of equipment, machinery, furniture & other assets to be purchased
  10. Financial Documents – Last 3 years ITR (self and business), profit and loss account, balance sheets certified/audited by a CA.

NOTE: Documentation may differ for every different loan and when you applying for personal loans must have KYC documents – Mandatory.

Easily Apply A Personal Loan For Business

Secure funding for a business is very easy so, apply for a personal loan for new business with PlanGrip. Just click the button below, complete our simple personal loans online application it will take less than 20 minutes. And yes do n’t forget to upload the documents as well. After that one of our team will be in touch to learn more about your business.

Once you complete the online application process, you will get the decision within a few minutes and funding will be as soon as the next day.

If you are not ready to apply just yet or having queries, feel free to give us a call on XX-XXXX-XXX.

The Benefits Of Using A Personal Loan To Start A Business

We understand that taking a personal loan for your business is an important decision for you. That is why our products thoughtfully designed and packed with many benefits. In fact, there are many benefits of using personal funds for business such as

  • Lenders disburse the funds quickly
  • Increase business cash flow
  • Borrow money without risking
  • Support your credit card score
  • Flexibility to choose the tenure
  • Collateral nor required
  • Good for credit card repayments
  • A fixed rate of interest
  • Tax Benefits
Personal Loan

What Are The Eligibility Criteria For Personal Loan For Business?

Qualifying for a business loan from PlanGrip is easy and simple. However, personal loan eligibility criteria and documents for the business fund are different for each loan. Therefore there is a number of factors that are considered to be eligible for a loan. Some of the following criteria are:

      • Minimum age limit –
        Applicant should have minimum age 21 – 28 years only
      • Maximum age limit –
        Applicant should have maximum age 58 – 65 years only
      • Employment status –
        In business for at least 2 – 3 years
      • Minimum income –
        $144.03 and above
      • Work experience –
        Minimum 1 to 2 years
      • Business profit –
        Net profit of at least $720.15
      • Applicant profile –
        The applicant should be working in a certified registered private company or a government company
      • The loan amount offered –
        1 lakh to 10 lakh
      • Minimum educational qualification –
        Graduation

These are the common eligibility criteria which you need to follow to be approved for your loan.

NOTE: Eligibility criteria totally depends on the kind of loan you are applying for so, check the specified criteria before applying for a loan.

“Get in touch with us to know more about our offerings and apply for the loan online!