Facilitation of Funding
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What is loan application checklist?
Loan from banks or NBFCs is an important source of funding to start or expand a business. Loans can be in the form of cash credit for working capital or term loans for purchasing fixed assets.
Funding institutions require information in a particular format to process business loan applications. The bank loan application checklist consolidates the requirements of banks and NBFCs.
Takeaways from this checklist
- Consolidated list of all documents needed for loan application.
- All the documents at a glance to give a hassle free experience.
- Full proofed list vetted by the experts.
Benefits of Funding
Lending rates vary from institution to institution. Generally Banks provide loans at lower interest rates than other institutions.
Funding is provided for both working capital and fixed assets loans.
Benefit of various government schemes like MUDRA, Stand up, PMEGP etc. can be availed from Nationalised Banks.