Business Loan
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Business Loan
Every business needs funding at some point, regardless of its size or nature. You can use a business loan to meet the urgent financial needs of your growing business. If you want to expand your business, you can apply for a business loan. The business will be able to increase production, go online, acquire inventory, buy equipment, and so on. Our online business loan application can be completed from the comfort of your home or office. Don’t worry about endless paperwork or running from pillar to post. You can also choose the timeframe in which you wish to repay your business loan.
Our business loans come with various charges, such as processing fees, foreclosure charges, EMI bounce charges, etc., which will all be disclosed during the loan application process.
Affordable Cost
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Frequently Asked
Questions
What is the EMI for a business loan?
There are several factors that determine your business loan EMI, including the amount of the loan, the length of the loan, and the interest rate. You can use our online business loan EMI calculator to find out how much EMI you need to pay.
Can I get a business loan without a business account?
A business account is not required if you run a sole proprietorship. To get a business loan, however, you must have a business account if you are a partnership or LLC.
What is the repayment schedule for my business loan?
Formonix offers a 60-month repayment term. We offer flexible repayment terms based on your business’s financial needs and affordability. Our EMI plans allow you to repay the loan according to your income cycle.
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Formonix personal loans help you finance urgent requirements without collateral.