It can be exciting and thrilling to start your own business. Some of the most important things you need to do include drafting your business plan, arranging for the funds, picking your location, choosing your business name, and getting it registered. Of all these, funding is an important factor.
If you are looking for the best business loans and financing company in Bangalore for financing your business aagey.com is the best. You can also get home loans, car loans, MSME specific loans, working capital loans, commercial vehicle loans, and mortgage loans in a hassle-free manner from aagey.com.
Being the First Digital Lending Aggregator Platform to provide the best loan solutions across NBFCs, Co-operative Banks, PSBs, and Private Banks, aagey.com offers 50+ urban and semi-urban loans, 1000+ loan options, and 75+ associate lenders.
It has 350+ business partners some of which are InCred, Axis Bank, Kotak Mahindra Bank, Karur Vaysya Bank, Standard Chartered, Vistaar, KaptalTech, Capital Float, Indiabulls, IndoStar, HDB Financial Services, IndusInd Bank, IDFC First Bank, IntelleGrow, Duetsche Bank, Magma, KredX, Poonawalla Finance, U GRO, Aadhaar Housing Finance Ltd, and RBL Bank.
With aagey.com, the best business loans and financing company in Bangalore, the whole financial assistance process is made simple and trouble-free through a personalized financial advisory and an automated assessment engine. Apart from faster decision making, aagey.com is also sought for its authenticity, ethics and honesty, transparency, flexibility, and documentation assistance.
So, more than 5500 enterprises have made aagey.com their trusted financing partner. The firm has helped numerous enterprises to realize their dreams. If you too would like to take a business loan from it, you need to be eligible for availing it. Your income and credit score, income and creditworthiness of your guarantor or co-borrower, and other non-financial details will be taken into consideration.
Further, your business should have been established for over 3 years. Often those which are established for more than 5 years are the most favoured by lenders. So, of your business hasn’t reached even 3 years of age, you can choose from only a fewer lender options and limited schemes.
However, nowadays, lenders are offering innovative lending schemes based on holistic risk assessment to accommodate businesses with a good future prospective and management of cashflow.
If you have taken multiple loans in the past 6 months, your loan taking ability is likely to go down as lenders may consider you to have a risky profile. Usually, borrowers with lower than 3 business loans in the last 3 months are preferred by lenders.
As for the rate of Interest, it positively correlates with the risk involved in the lending. This risk in turn is influenced by Loan amount, loan tenure, credit score, loan scheme, risk profile, etc. Further, since business loans are obtained for shorter tenure and are unsecured, it comes with a higher rate of interest ranging from 16% to 24%. However, this rate goes lower (from 10.5% to 15%) for professionals.
In addition, a small sum (ranging between Rs.2000 to 5000) is charged as a processing fee, stamping charges, notary fee, affidavit, documentation charges, etc. You can either choose to pay this amount upfront or get it deducted from the loan sum.
You can take a business loan from aagey.com for different purposes including-
Acquisition of land for future business use
Technology upgrade
Managing seasonal surge in business
Business Expansion via acquiring capital assets
Deposit for a new line of business
Margin amount for large loans
So, those entrepreneurs, start-ups, and other businesses looking for business loans for any of the above given purposes can avail these safe, end-use unmonitored, flexible, easily accessible, and collateral-free loans with competitive interest rates from aagey.com, the best business loans and financing company in Bangalore.
The main office of Aagey.com is situated at Cunningham Road, Bangalore; and branches at Calicut, Salem, Coimbatore, Cochin, Bellary, Hubli, Mysore, Davengere, and Kolhapur. You can email them at enquiry@aagey.com.