Individuals who wish to expand their business or fund a business idea can opt for a business loan offered by a number of reputed financial lenders. It can be challenging to qualify for a small-business loan without a strong personal score around 600 and a solid cash flow from your business. Those are among common reasons why your business loan application can be denied.
Features and Benefits of Small Business Loans
- Loan with Insurance Coverage
All our loans for small businesses can be protected by Credit Shield, whereby the nominee of the loan will not have to worry about repayments in case of the unfortunate event – the death of the borrower during the tenure of the loan.
- Loans designed for all Business Needs
Business owners can avail our loans just like any SME Business Loan to buy new stock, purchase equipment, or any other working capital needs or meet spurts in demand due to seasonal trade or to expand the scope of the business.
- Easy Repayment Options
We offer loans with easy repayment options. You do not have to leave your shop or counter even for a minute as the repayment facility is available at your doorstep under EDI Small Business Loans. There are a variety of repayment modes such as NACH, bank transfers, online payments, payment at the branch and doorstep collection.
- Flexible Tenure with nil Pre-closure Charges
Small Business Loans offered come with varied and flexible tenure options. The tenure depends on the capital/loan you require for the business.
Eligibility Criteria Required for Small Business Loans
- The age of the applicant should be between 18 years to 65 years of age
- You should have had the same business premise for at least 2 years
- You should have an current account
- A minimum 600 of CIBIL score is ideal (wherever applicable) to get Small Business Loan
Why Choose Loans from Omozing?
Omozing helps make Smart Money Moves for a Lifetime. They strive to get lowest interest rates and best terms for your Online Applications at www.Omozing.com . Currently, we are offering We’ve made business lending smarter, faster and easier by transforming the approval process from stumbling blocks to stepping-stones. This enables borrowers to not just get access to capital, but also understand what areas they need to work on in order to enhance their credit profile. Omozing ensures that Borrowers get a secure, safe and reliable application process that be tracked online.
- Short Term Loans for working capital needs
- Medium Term Loans for various business needs
along with ITR Saral Copy, Computation of income statement, Balance sheet, P&L, 3 CA , 3 CD Audit reports along with all schedules.
Omozing Business Loans based on the following:
- Unsecured Working Capital Loan
- Microloans
- Invoice Discounting
- GST Surrogate
- Revenue Based Finance
- Banking Surrogate
5 Reasons to choose Omozing
1. Business Loans from INR 1Lakh to INR 1Crore
Business Loan Interest Rates and Loan amount ranging from INR 1 lakh to INR 1 Crore. The Minimum and maximum repayment period ranges from 1 month to 48 months.
2. Cutomised Tailor Options
- Depending on your demands, we may provide quick financing of varying quantities at affordable interest rates.
- You have the freedom to utilise your loan anyway you want, whether for business or for immediate personal needs.
- Flexible repayment options depending on your specific cash flow and budget, as well as conditions that is beneficial to your position.
3. Lower CIBIL
While most lenders require borrowers to have a CIBIL score of over 750, at Omozing.com provide loans even with 600. Besides the CIBIL score, we also considers your age, employment status, and net monthly income.
4. Ways to apply
You can apply for a business loan through us by 2 ways:
1. You can download our Mobile Application from Google app store.
2. Apply on portal using out Business Loan link
5. Prompt Loan Disbursal
An easy online application process facilitates speedy verification and disbursal of loan. Get KYC verified from the comfort of your home and have our loan manager take care of an instant transfer of funds to your account.