Top 10 Factors to Consider Before Signing Your Business Loan Application

1
Top 10 Factors to Consider Before Signing Your
Business Loan Application
2
Lender's reputation

• Review the lender's application process.
• Check to see if they run a credit check on you
  before approving a loan.

3
Type of loan

• Business loans offer customised loan products.
• Choose the one that suits your business
  requirements best.

4
Security

• Check if you have been approved for a secured or
  unsecured loan.

5
Payback terms

• Before signing your application, review the
  repayment terms.
• Read the fine print in your loan agreement.

6
Payment options

• Check the different repayment options and methods
  available with the lender.

7
Fund value

• Check if the funds you have been approved for are
  enough to meet your requirements.

8
Rate of interest

• Compare the rates across different lenders.
• Choose the one whose interest rate is within your
  budget.

9
Fees charges

• Consider all the costs associated with your
  business loan.

10
Processing time

• Check the loan disbursal time with your lender.

11
Redressal service

• Check if the lender has prompt customer
  assistance service.

12
How to get a business loan?

• You can apply for a loan online or in-person at a
  lender's branch.

13

• By considering the above factors, you can select
  the perfect lender and a business loan with the
  best repayment terms.

14
Thanks!
Would Love to hear from you.
Hero Fincorp Limited
09, Basant Lok, Vasant Vihar, New Delhi -
110057
Tel [phone]
Email corporate_at_herofincorp.com
Website https//www.herofincorp.com/
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Signing Your Business Loan Application