Commercial Loan

Expand Your Company’s Possibilities with a Commercial Loan in Jalandhar

Strategically accessible monetary instruments are essential when it comes to growth and development in today’s stylized business environment. A Commercial loan in Jalandhar has been tailored to suit business people who require cash to finance their expansion, operational needs or to purchase equipment. Unlike homeowners insurance that helps protect homes against other events, a commercial loan is the source of funds you need for your business to grow.

 

A commercial loan in Jalandhar is a type of financing that businesses can use for various purposes, including:

- Expansion: The money can be used to expand to new outlets or to improve the current outlets.

- Working Capital: Meeting all general overhead costs and ensuring the inflow and outflow of money.

- Equipment Purchase: The investment in machinery or any piece of technology that is basic to productivity.

According to the use of commercial loans, businesses can develop sustainable business solutions that will help its financial structure in the long-run.



Advantages of a Commercial Loan

Immediate Cash Flow  

A business loan in Jalandhar*gives your business the liquidity it needs in the present to undertake growth or to handle contingencies. Whether you are in the process of purchasing new equipment or paying employees, this money can be invaluable.

 

Flexible Repayment Options  

The credit Innovation of commercial loans is the flexibility of the Terms of Repayment. This helps in that you can select a repayments option that is within the company’s economic model and hence make it easier to handle payments.

 

Quick Access to Funds  

The process of a commercial loan application and approval is rather not long and complicated so you can obtain the necessary amount without significant time loss.

 

No Collateral Needed 

Very often the commercial organizations do not have to provide security for the credit they wish to take, and this helps to minimize the risks while being able to obtain the desired amount of funds.

 

Tax Benefits  

Transaction costs that consist of interest on commercial loans may also be tax allowable expenses, making it another way you can save money for your business.

 

Facilitates Growth

Funds are important, they help any business advance and discover a range of opportunities that can be successfully developed and invested into, respectively, providing a higher level of profitability.

 

Enhances Cash Management  

In the specific commercial formula, a commercial loan helps such borrowers to maintain proper and smooth operations by meeting their cash needs in the event of their unpredicted fluctuations.

 

 Stay Competitive  

Therefore, when you manage a commercial loan effectively, then you can be in a good strategic position to counter competition, capitalize on the emerging market trends and conditions.

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Business Loan Calculator

Calculate your EMI for you

Your EMI Amount is:

₹ 1435


Here you can see your total payment and total interest in your loan.

Total Payment

₹ 172165

Total Interest

₹ 72165
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How it Work

Follow These Simple Steps

1
Besides, consider the interest rate and calculate Equated Monthly Installment (EMI).

It is always necessary to keep an eye on interest rates provided by different lenders, and calculate the likely EMI. It should assist you in determining how much you would be charged concerning a loan by outlining the likely interest rate.

2
Make sure the candidate complies with the requisites of the job and obtain the papers.

Before proceeding to apply for a commercial loan in Jalandhar ensure that you fulfill the following requirements. This requires some of the following documents, most of which are the passport, birth certificates and national identity cards.

3
Submit Your Application

Fill out the application form accurately and submit it along with the required documents. Completeness is key to ensuring a smooth approval process. Our Commercial Loan Agents in Punjab are here to assist you with any questions you may have during this step.

4
Fund Disbursal

After filing an application, there is quick approval and disbursal of cash available to the clients. This enables you to respond to your business requirements in a good time

Document

Documents for a Commercial Loan

To successfully apply for a commercial loan, you will need the following documentation:

  • PAN Card: A necessary form for individuals and firms.
  • GST or VAT Statements: For a specific period.
  • Balance Sheet: Record keeping in relation to the financial strengths and weaknesses of the business.
  • Income Tax Returns: Submitted for the respective periods.
  • Employment Proof (if required)
  • Profit and Loss Statement: Incorporation of your financial performance.
  • Bank Statements: The process of demonstrating financial operations during a certain period.
  • Partnership Deed or Sole Proprietorship Declaration: If applicable.
  • Certified Copy of Partnership Deed: Validating partnership details
  • Sole Proprietorship Declaration: If applicable.
  • Board Resolution: Required for companies.
  • Certified True Copy of Memorandum and Articles of Association: For companies
Rates and Charges

Rates and Charges Overview

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It is very important for one to comprehend the rates and charges with regard to a commercial loan in Jalandhar. We operate at Mexmon Financals and have favorable interest rates for the loans as well as no hidden fees. Here’s a brief overview:

Login Fee ₹10,000 plus the amount spent on KYC checks
Conversion fee 0.50% plus applicable taxes
Processing/Administrative Fees 1.5% of the loan amount plus taxes is applied on such loans.
Prepayment Charges

2 percent in lieu of prepayment, is mandatory for non-individuals.

Stamp Duty and Other Statutory Charges  As per state laws.

 


A commercial loan in Jalandhar is what you need for your business to give its productivity a boost. Through flexible terms and conditions, access to cash, and many more advantages, commercial loans offer business imperative financial requirements. If you want to avoid possible mistakes, you should turn to skilled commercial loan agents in Punjab. It will also say that they can assist you in terms of helping you get the right finances for your business propositions. Begin your search now and be on the path towards success for your business!

Requirements for obtaining Commercial Loans

To qualify for a commercial loan at Mexmon Finance, ensure you meet the following criteria:

Eligible Entities: It defines partnership firms, sole trader firms, public and private limited companies, and independent practitioners

Turnover Requirement: Your business should be generating good turnover and here the specifics depend from one lender to another.

Minimum Annual Income: Every candidate must meet the minimum annual income criteria tied to financial performance.

Profitability: The establishment of your firm should be able to show that it has made its profit within a given timeframe.

Business Tenure: Ideally, your company should have had minimum operational tenor as envisaged by the requisite lender.

Age Criteria: The applicants are required to be between the ages of 21 and 65 years depending on the policies of the lenders.

A commercial loan in Jalandhar is what you need for your business to give its productivity a boost. Through flexible terms and conditions, access to cash, and many more advantages, commercial loans offer business imperative financial requirements. If you want to avoid possible mistakes, you should turn to skilled commercial loan agents in Punjab. It will also say that they can assist you in terms of helping you get the right finances for your business propositions. Begin your search now and be on the path towards success for your business!

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9875995991
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