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Showing posts with the label businessplan

Documents Needed for a Personal Loan

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Depending upon different financial companies and NBFCs, the documents, pre-requisites, interest, and processing fee differ. But what remains constant is the KYC document. Know Your Customer (KYC) is a mandatory process for the identity verification of the borrower. An individual’s KYC documents include: Aadhar Card PAN Card Voter’s Card Driving License A salaried person is required to submit their last six months of salary slips, whereas self-employed borrowers are asked for IT return papers. Simply Easy Finance offers personal loans with paperless documentation. It is a reliable digital platform to avail personal loans with minimum documents. Once the required documents are approved, the loan is disbursed instantly into your registered bank account within 24 hours. Documents can also differ based on different loan types. For instance, an education loan or a medical loan will require some additional documents like: student's academic documents 1.  ...

Things to keep in mind while applying for a business loan (Easy Finance)

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Everyone is looking for a start-up business for their future growth. For that, everyone wants a loan to start their business. So in this article we are going to explain things like: 1. Considerations when applying for a business loan . 2. Qualification for a startup business loan . 3. Applying for a Startup Business Loan . 4. The Advantages of a Startup Business Loan . Startup Business Loan with Easy Finance Things to keep in mind while applying for a business loan Make a proper detailed business plan. State clearly how you intend to use the loan amount in your business plan. The objectives and goals of the business are presented along with a chart that will highlight the potential returns and growth of the venture. Give a clear approximation of the funds. Eligibility Requirements for a Startup Business Loan The eligibility criteria to avail startup business loans may vary from lender to lender but the generic ones have been listed below: Age of the applicant should not be less th...