A start-up idea and worry about funding?Plop! Did a start-up business idea just cross your mind or have you been planning a start-up business recently? So, what is lacking is the required capital, the right investor to fund your start-up business. Funding is always a barrier for many to kick-start a new business. But, not anymore! Live your innovative start-up plan and roll out the business by raising the funds independently with instant personal loans online.
Yes! personal loans are no more liability. It is a super flexible facility that enables borrowers to apply for the required funds in just a few minutes. So, support your start-up business with instant personal loans. Buying equipment, making a down payment, buying stock or paying the shop rent, whatever is the initial step for a start-up can be covered through personal loans online.
Personal loans are both secured and unsecured. Depending upon the budget of your start-up business you can opt for either of them. Unsecured loans are instant as fewer formalities are involved. Collateral is exempted but the loan amount approved is less as compared to secured loans where security is required against the sanctioned loan amount.
The lender will confirm the nature of your start-up business, company details and financial details of the borrower to confirm the repayment ability. Everything is digitally transformed on instant loan apps. Right from loan application to disbursal, all the steps are executed online in a hassle-free way.
Features and Benefits of Personal Loan for Start-ups
Thanks to the KYC documents such as Aadhar Card and PAN card, the list of mandatory documents for loan application has reduced. KYC details are verified digitally in a paperless format via instant loan apps.
Rate of Interest:
A personal loan is generally fixed and remains constant from start to end. This keeps the borrower at bay from facing the brawl of fluctuating interest rates.
The loan tenure ranging from 12 to 60 months enables repayment of EMIs easily, with no burden of a heavy amount to be repaid at once.
There are no hidden charges or high processing fee for a personal loan online. Transparency in loan processing increases the trust in the lender for future loan consideration.
Personal details, mandatory documents and income proofs submitted for personal loan verification are kept confidential to preserve the security of the borrowers.
The online loan application, verification and disbursal procedure is quick. If all the submitted documents are verified, the disbursal is done instantly within 24 to 48 hours.
During the COVID19 lockdown times, many have suffered financial setbacks and starting a new business is a good step to restart.
SimplyCash is one of the latest instant personal loan apps in India ensuring quick loan sanction and disbursal within 24 hours. Depending upon the monetary need, you can borrow up to 1.5 lakhs via SimplyCash, without the stress of organising physical documents. Salaried and self-employed individuals between the age group of 21 years to 58 years can avail SimplyCash loan.
So, fuel up your start-up business with personal loans that are quick, reliable and practical to take. Download instant loan apps only via a trustworthy source such as SimplyCash on Google Play Store.