Secured Business Loan

Secured Business Loan is a product designed to cater financing requirements of businesses and is secured by a collateral. Business requirements may pertain to working capital requirements, set up/establishment of business, expansion of business or purchase of asset and/or general business purposes.

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Overview

Micro, Small & Medium Enterprises (MSMEs) are backbone of the India growth story and SK Finance is determined to collaborate with these businesses in fulfilling their financial needs. We provide loans to MSMEs looking to scale up, consolidate, expand their business or tap new business opportunities.

Features & Benefits of SK Finance Secured Business Loan

Secured Business Loan Funding was never this easy to obtain!

Apply Loan
  • Loans starting from 1 Lacs
  • Minimum Age – 18 Yrs. Maximum Age – 80 Years till loan maturity
  • Competitive Interest Rates & Processing Fees
  • Minimal Documentation
  • Quick Processing & Disbursal
  • Easy & Flexible Loan Repayment Terms
  • Online EMI Calculator
  • No Hidden Charges
  • Transparency during the entire Loan Cycle

Eligibility

We have simplified and reasonable eligibility criteria for Secured Business Loan. We make it easier for businesses of various sizes and with varying requirements, to obtain funding.

Nationality


Indian

Loan Tenure


6 months to 180 Months

Profile


Retailers, Traders, Manufacturers or Service Providers etc.

Collateral


Residential, Commercial or Mixed Use

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EMI Calculator

0/-

You will pay an EMI of only0/- monthly
Amount
10 Lac
Period
180 Months
Interest Rate
30 %

Interest Rate & Charges

There are attractive interest rates on Secured Business Loan. We make sure that the cost of funding is on the lower side for Secured Business Loan.

  • Competitive Interest Rate
  • Transparency in Interest Rate & Charges.
  • No Hidden Charges.
  • Interest & Charges disclosure upfront before final loan processing.

 

  • *The EMI calculator is for educational purpose only
Schedule of Charges

FAQ

Secured Business Loan is provided to self-employed non-professionals/professionals, small businesses, retailers, manufacturers, service providers to fulfill their business related financing requirements. It is secured against the immovable property collateral.

Interest Rate is determined based on factors like perceived risk associates, Customer’s Profile, Credit Score, Income, Business Vintage, geographical location and Collateral related parameters.

Maximum Loan Amount is 40 Lacs and Tenure is upto 15 Years.

Yes, Collateral is required to avail Secured Business Loan. Collateral can be Residential, Commercial or Mixed Use Property.

For any loan related queries, one can reach at 1800-103-9039 over phone, WhatsApp or can write to customercare@skfin.in

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