Maruti Fincorp recognizes the importance of financial support for entrepreneurs and business owners. Our business loan services are designed to provide the necessary capital for business growth, expansion, working capital requirements, and more. As a trusted mediator between customers and banks, we facilitate the process of securing business loans.

⦁ Tailored Loan Solutions: We offer customized business loan solutions to meet the specific needs of different industries and businesses. Whether it’s a start-up or an established enterprise, we have suitable options for you.
⦁ Competitive Interest Rates: Our business loans come with competitive interest rates, enabling you to manage your financial obligations effectively.
⦁ Quick Approval Process: Time is of the essence in business. With Maruti Fincorp, you can expect a swift approval process, ensuring timely access to funds.
⦁ Collateral-Free Loans: Depending on your eligibility, we provide collateral-free business loans, easing the burden of providing assets as security.
⦁ Flexible Repayment Terms: We understand that businesses operate in dynamic environments. Hence, we offer flexible repayment terms to match your cash flow patterns and business requirements.
⦁ Expert Guidance: Our team of financial experts works closely with you to understand your business goals and assist you in choosing the most suitable loan option. We provide valuable insights and advice throughout the loan process.

Personalized Service: We only follow your profile and your requirement to well knowledge vendors who understand your profile and give you best.
Detailed Inquiry Form: We have prepared two types of inquiry form which helps you to take decision about your loan process. Our detailed application form submitted to our expert analyst and then result it within 24 hours. So you can easily know your eligibility, loan probability, and offers also.

Best Analyst – Lotus Financial Services has best analyst team which is highly educated, many years experienced and well knowledge of all bank policies. It helps you to platform your profile at right way.

Latest Offers – Lotus Financial Services updates immediately all new schemes running from all banks. So it is easy to choose best rate loan from all banks.

No consulting Charges – Lotus Financial Services itself and all vendors who are related to Lotus Financial Services do not take any consulting charges from customers.

Doorstep Services – Lotus Financial Services gives you doorstep services for all products from all banks. Vendor will come to you place from application to disbursement process. So it is easy to get best without investing time.
All Bank Offer At One Time – Every BANK and NBFC have different interest rate for different salary and profile. Lotus Financial Services give you the right platform where all bankers offer his best to particular profile. So it is for customer to select best option with best scheme.

Helpline – Lotus Financial Services has a customer care team and a virtual number who helps you take advice about loan and also help to increase your credit profile.
Stop Frauds – Some time customer are being part of fraud from vendors and of some executives. Lotus Financial Services give you surety of fraud free loans

Current Business Loan Interest Rates in IndiaCurrent Business Loan Interest Rates in India:

You have various options to get business loan. Each bank has different interest rates different tenure and different loan amount criteria. The business loan amount and rate of interest is dependent on customers profile like working company, take home salary, Average bank balance, designation, Cibil score etc. Every banks give business loan on base of multiple of net take home salary. Multiple are minimum 7 and maximum 18 times of net monthly take home salary.

Balance Transfer Scheme:

If you want to release your current burden of high interest rate or don’t want to take multiple EMI burden for new loan and also required best rate compare to your older loan than Balance transfer scheme is the right option for you. Some banks are giving best scheme for balance transfer like they are offer higher loan amount, lower interest rate than the existing loan and lower processing fees. By this way you can get new loan and keep only one EMI even though you have get new funds.

Special Scheme:

Each and Every bank and NBFC have some special policy for business loan. They are offering on different surrogates, hence you will be eligible for new loan even you are over leverage. Most of the banks are every month announce new scheme in Loan amount, Processing Fees, Interest Rate etc. So when you get right scheme it is better to take immediate apply and choose the right bank.

Difference with Pre payment loan and normal loans:

There are various offers in market who offers normal loans and with facility of pre payment with nil charges. There is always difference in rate of interest offered by normal loan banks and nil for closer pre payment loans. You should have to decide first your purpose of your loan, your repayment capacity, your saving planning, your extra income like incentive and then after you have to decide that are you able to do pre payment before the tenure or not. If first you clear your perfect concept of loan then you can do best deal.

Difference between Flat Rate and Reducing Rate:

Major customer does not understand what is difference between flat interest rate and reducing interest rate? There is only calculation difference between flat interest rate and reducing interest rate. If you go for the flat rate then reducing will be Flat rate * 1.75 Example if your flat rate is 10% yearly then your reducing will come 10% * 1.75 = 17.5% reducing yearly. Both are same but some people misguide customer with flat and reducing interest rate.

Current Business Loan Interest Rates in IndiaCurrent Business Loan Interest Rates in India:

You have various options to get business loan. Each bank has different interest rates different tenure and different loan amount criteria. The business loan amount and rate of interest is dependent on customers profile like working company, take home salary, Average bank balance, designation, Cibil score etc. Every banks give business loan on base of multiple of net take home salary. Multiple are minimum 7 and maximum 18 times of net monthly take home salary.

Balance Transfer Scheme:

If you want to release your current burden of high interest rate or don’t want to take multiple EMI burden for new loan and also required best rate compare to your older loan than Balance transfer scheme is the right option for you. Some banks are giving best scheme for balance transfer like they are offer higher loan amount, lower interest rate than the existing loan and lower processing fees. By this way you can get new loan and keep only one EMI even though you have get new funds.

Special Scheme:

Each and Every bank and NBFC have some special policy for business loan. They are offering on different surrogates, hence you will be eligible for new loan even you are over leverage. Most of the banks are every month announce new scheme in Loan amount, Processing Fees, Interest Rate etc. So when you get right scheme it is better to take immediate apply and choose the right bank.

Difference with Pre payment loan and normal loans:

There are various offers in market who offers normal loans and with facility of pre payment with nil charges. There is always difference in rate of interest offered by normal loan banks and nil for closer pre payment loans. You should have to decide first your purpose of your loan, your repayment capacity, your saving planning, your extra income like incentive and then after you have to decide that are you able to do pre payment before the tenure or not. If first you clear your perfect concept of loan then you can do best deal.

Difference between Flat Rate and Reducing Rate:

Major customer does not understand what is difference between flat interest rate and reducing interest rate? There is only calculation difference between flat interest rate and reducing interest rate. If you go for the flat rate then reducing will be Flat rate * 1.75 Example if your flat rate is 10% yearly then your reducing will come 10% * 1.75 = 17.5% reducing yearly. Both are same but some people misguide customer with flat and reducing interest rate.

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PVT LTD COMPANY

1.) 3 years IT returns with profit and loss account, balance sheet, and statement of income (Audit Report if audited.)
2.) 12 month current account statement
3.) 12 month saving bank account
4.) Resident latest light bill and telephone bill
5.) Office latest light bill and telephone bill (Rent agreement if rented)
6.) Pan card copy of all Directors and company
7.) Company MOA and AOA`
8.) Latest share holding pattern and List of Director on company letter head
9.) Welcome letter of all current live loans
10.) 2 photograph passport size
11.) 5 years old business continuity proof
12.) Current year provision P & L and balance sheet
13.) Vat return of current year
14) Creditors and debtors break up of last 2 years
15) Month wise sales purchase of last 2 years

PROPERIETORSHIP FIRM

1) 3 years ITR with profit and loss amount, balance sheet and statement of income (audit report if audited)
2) 12 months current account statement (All account mentioned in Audit report and IT return)
3) 12 months saving bank account
4) Office and resident latest light bill and telephone bill and Municipal tax bill (Rent agreement if rented)
5) Pan card copy and Aadhar card copy
6) welcome latter of all current live loans
7) 2 photographs passport size
8) 5 years old business continuity proof (Gumasta/Vat/Excise/Cst/Gst/SSI)
9) Current year provision P & L and balance sheet
10) Vat return & GST return of current year
11) Creditors and Debtors break up last 2 years
12) Month wise sales purchase of last 2 years

PARTNERSHIP FIRM

1) 3 years ITR with profit and loss amount, balance sheet and statement of income (Audit report if audited)
2) 2 Years Individual IT return of All Partners
3) 12 months current account statement (All account mentioned in Audit report and IT return)
4) 12 months saving bank account Individual Partners
5) Office and resident latest light bill and telephone bill and Municipal tax bill (Rent agreement if rented)
6) Pan card copy and Aadhar card copy of all partners and pan card of company
7) Partnership deed
8) welcome latter of all current live loans
9) 2 photographs passport size
10) 5 years old business continuity proof (Gumasta/Vat/Excise/Cst/Gst/SSI)
11) Current year provision P & L and balance sheet
12) Vat return & GST return of current year
13) Creditors and Debtors break up last 2 years
14) Month wise sales purchase of last 2 years

Business loan process is divided in 5 steps. By following all 5 steps you will get best loan as per your requirement. If there is any problem with your loan then your application will stop on related stages and its shows current status. Every stage result you that its stop or in process. Understand clearly all the stages so it is easy to take business loan.

Stage 1: Enquiry – Take Advise – Compare – Select

When you have choose this platform to compare all banks and financers then always try to attend all calls and talk with all financers. Do not irritate by lots of call but share your choice, your demand, your purpose, loan amount, profile with every bank and financer. Its helps you to take decision about your loan and helps you to choose right option. If you have any negative points then also share it with vendors so they will show you the right way. It is better to choose option who suite to your profile and advised by majority consultants.

Stage 2: Documents Sumiton – Application Form – Apply

Firstly choosing right option prepare all required documents and once verify with your lender and if there is some documents pending arrange it on priority bases. Verify that all documents are enough as per bank policy or not. Sign application form properly.

Stage 3: Application alert – Query – CIBIL

When you submit your application completely to the bank then you will get one SMS with application number from respective bank. You can follow your status by this application number online. Major Banks does not login if there is any query in your application so try to complete your document. After login please ask your lender about CIBIL and query. If there is any problem with your CIBIL your application will reject with this stage. If there is any doubt query in CIBIL your application will hold for query. If there is no query then your application will move for next stage of verification.

Stage 4: Verification – Business Discussion

After completing 3rd stage your application moves to verification stage. Verification agencies representative will visit your office and resident and collect detail respecting you and submit it to bank. Besides Some bank Credit offices do telephonic business discussion about your application and some bank credit officers personally visit you for business discussion. They try to know your profile, your attitude, your loan purpose, your credit history, your financially stability etc. After getting business discussion if credit manager feel any doubt then he will reject your loan or ask for query. If he satisfied with profile then your application will move to final stage.

Stage 5: Loan approved – Sanction offer – Agreement – Disbursement

After cleared all above four stages your application will moved for approval and meanwhile you will get approval from bank. After getting approval customer has to do agreement with bank and submit security deposit cheque in favor of bank name. Once your agreement completely submitted to bank then within 48 hours you will get RTGS in your account of DD from respected banks.

If you are going for a business loan please follow the best tips from us – 

• Always get quotation from multiple vendors and multiple banks then analyst it and select what is best
• Always try to hear all vendors particularly so from that you can something new which you don’t know
• Don’t hide your negative points from vendors because it helps you provide the right option
• Discuss your all credit history with vendors so it is give you perfect results without rejection
• Don’t make rude attitude to vendors because it makes your relation temporary and not profitable to you.
• Always prepare your all documentation and also security cheques before you apply for business loan. It saves your time.
• Be in touch with your vendors till you get particular status about your loan application
• Follow Application number on bank’s website. It will keep you on track.