How to apply for a business loan?
There are plenty of ways in which an entrepreneur can apply for a business loan. We have listed them down for you -
- Online application - One of the most common, and widely used methods in today's times, online applications are easy, simple and quick. The need for an entrepreneur to go a bank and submit a physical application is eliminated with digitization. Right from banks to NBFCs, everyone provides a seamless loan application procedure and you can submit your application in a matter of minutes. Another benefit of going through an online channel is that you can check your eligibility by yourself and also find out your credit score.
- Phone banking - You can also apply for a loan by reaching out to your bank via phone and place a request for a business loan. The bank then assigns a customer representative executive or a loan officer who will help you in submitting the application and then processing it later.
- Branch application - If you are not comfortable with the idea of an online application or placing your request through phone banking, you can always walk into the nearest branch of your bank and apply for a business loan. A loan officer will take you through the procedure in detail and help you submit your application.
Find more about the business loans from Aditya Birla SME Finance.
The information contained herein is generic in nature and is meant for educational purposes only. Nothing here is to be construed as an investment or financial or taxation advice nor to be considered as an invitation or solicitation or advertisement for any financial product. Readers are advised to exercise discretion and should seek independent professional advice prior to making any investment decision in relation to any financial product. Aditya Birla Capital Group is not liable for any decision arising out of the use of this information.
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