All You Need to Know About Business Loan Interest Rate 2021

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ll You Need to Know About Business Loan Interest
Rate 2021
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Types of business loan interest rate
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Reducing interest rate
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• Interest is calculated on the outstanding loan
  amount.

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Flat interest rate
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• The fixed percentage is levied on the total loan
  amount throughout the loan tenure.

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hat causes interest rates on loans to change?
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• Interest rates are influenced by the repo rate.

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Other factors that impact the business loan
interest rate.
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Business profile
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• Interest rates are influenced by a business's
  financials, creditworthiness, and owner's
  profile.

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Payback history
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• EMI payment pattern impacts business loan
  interest rate.

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Business type
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• For a high-risk business, lenders impose a high
  interest rate.

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Business financials
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• Balance sheet, cash flow statement, etc.
  determine business loan interest rates.

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Business Plan
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• Interest rate on a business loan is influenced by
  the company's business strategy and goals.

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Lender-borrower relation
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• Old and loyal customers get a lower business loan
  interest rate.

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nderstand the factors that influence the interest
rate before applying for a business loan.
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Would Love to hear from You.
Thank You !
Hero Fincorp Limited
09, Basant Lok, Vasant Vihar, New Delhi - 110057
Tel [phone]
Email customer.care_at_herofincorp.com
Website https//www.herofincorp.com/
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Loan Interest Rate 2021