Presenting Barclays business installment loans, simple unsecured business loans available to small and medium enterprises for all your working capital needs.
Business installment loan can be availed by:
- Self employed individuals / professionals
- Sole proprietorship firms
- Partnership firms
- Private limited companies and closely held limited companies
Every small and medium sized enterprise needs access to working capital. The business installment loan not only helps you meet your working capital needs, but also helps fulfill your aspirations of expanding your business.
With easy documentation and maximum benefits, this loan makes for some sensible capital fulfillment. The Barclays business installment loan offers you some great features like:
- Loans upto Rs. 35 lacs for your working capital requirements
- Hassle-free loans – No security / collateral required
- Repay with easy equated monthly installments
- Simple documentation- With a Barclays business installment loan, you will need to submit documents only once. In contrast, cash credit facilities need you to provide collateral / security and submit documents regularly.
- Enjoy a maximum loan tenure of upto 60 months
- Speedy loan processing – 7 business days
Business Loan comes with a special built in feature the Drop Down variant which ensures that your interest rates drop if you pay your EMIs regularly.
Who can apply for a Barclays business installment loan ?
- Self employed individuals, sole proprietorship and partnership firms, Private limited and closely held limited companies with turnovers ranging from Rs. 25 lacs to Rs. 30 crs p.a.
- Professionals with gross receipts in excess of Rs. 5 lacs p.a.
How much can I borrow?
You can borrow anywhere between Rs. 5 lacs to Rs. 35 lacs based on the eligibility criteria.
How do I repay my loan?
You can repay the loan with easy equated monthly installments.
You can choose one of the following modes of repayment:
- post dated cheques
- ECS mandate which is a direct debit from your bank account
- Online EMI payment
