As business loans are unsecured loans (like personal loans), the interest rate charged on them is normally on the higher side. Hence, you must do everything within your means to carry out a fair comparison between various business loan offers from banks and NBFCs, before finalizing any of them. This comparison must also be carried out based on parameters like the quantum of the loan, disbursal time, repayment time period, offered interest rate, flexibility in documents, processing fees, approval success rate etc.
In essence, this process is very important to arrive at the right loan deal for your business. A deal that not only meets your funding requirements, but also doesn’t put any unwanted financial strain on your business’ bottom line. The lending marketplace in India is overflowing with all kinds of lenders. Carrying out detailed research on each and every lender by going over online and off-line resources can be a very tedious task. At GoSahi, we have made such comparisons extremely easy for you. On our website, you can compare the best business loan offers from various top-rated banking establishments and NBFCs, just by the click of a few buttons.
Let’s take you through some of the important parameters based on which you can compare various business loans: