MEKOLIN VINIMAY

Business Loan

MEKOLIN VINIMAY offers quick and secured business loans Loan for Self Employed borrowers that will help strengthen the business and propel it to new heights. For the MSME sector, MEKOLIN VINIMAY offers MSME Business loans with an emphasis on business owners. We also offer small business loans to ensure that funding will never be an obstacle in your way of achieving more. Our products are made to fit your demands. Choose MEKOLIN VINIMAY if you require a quick business loan to fulfill your financial requirements. Apply for a business loan online now!

Business Loan

  • Loan against built up residential and commercial properties.
  • Loan for Self Employed borrowers
  • Loan amount from 3 lakhs to 25 lakhs.
  • Tenure from 2 years to 10 years.
  • Borrower should have a bank account.
  • Customer should be more than 25 years of age and not more than 65 years at the time of loan maturity.
  • Should be residing in a city where MEKOLIN VINIMAY has an office.
  • Guarantor not mandatory.
  • All the owners of the financed property and all individuals whose income has been considered for the loan have to be the co-applicants to the loan.
  • Loans can be taken for the following end uses :
    1. Buying New Stock
    2. Working capital for existing business
    3. Buy new property, which is to be used for business
      • Renovation of Existing shop
      • Buying machinery for business
      • Balance transfer of existing Business Loan
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Features and Benefits

  • Business Loan amount from 3 lakhs up to 25 lakhs.
  • Tenure from 2 years to 10 years.
  • Loan for a long-term period against property
  • Flexibility of using the loan amount (machinery or Stock)
  • Helps in the expansion of your business

Faq's

A business loan is a type of loan that is taken out by a business to finance operations, expansion, stock purchases or equipment purchases.
The amount you can borrow for a business loan will depend on your credit score, revenue, and MEKOLIN VINIMAY’s criteria.
All the owners of the financed property and all individuals whose income has been considered for the loan can be the co-applicants to the loan.
The approval process for a business loan can take anywhere from a few days to a few weeks, depending on the lender and the type of loan you are applying for.
Yes, it is possible to refinance your business loan, which means taking out a new loan from MEKOLIN VINIMAY to pay off your existing loan. This can be done to lower your interest rate or change your loan terms or get a top-up on your existing loan.