Do you need the loan?

• If you operate a business and need funding to expand, we have simplified the loan application procedure.
• If you believe or have encountered that obtaining a loan is challenging, our business knowledge and many lenders increase your chances of receiving a loan by a factor of several.
• We offer flexible, need-based loans up to an infinite number of crores.

Get a loan, pay it back on schedule, improve your credit score, and then you can apply for more favorable loans from us.

What are the business loan’s interest rate and processing cost?

• One-time processing fees start at 3%; interest rates range from 15% to 18%, depending on the client’s financial condition and the type of loan.

Is collateral required for the business loan?

• We offer both secured and unsecured loans. For a secured loan, collateral is required as security.

Can I use the loan money for something else?

• Our loans are only intended for business purposes. You can use them to expand your company, renovate it, buy equipment, hire more employees, or invest in marketing.

How can I apply for a loan for my business?

• Visit www.visioncorporateloan.com to get in touch with us.

 What paperwork is required in order to obtain a business loan?

• A copy of your PAN Card
  
• Aadhar Card
•  Address proof of identity and firm are required.
• Evidence of business registration.
• The previous nine months’ bank statement.
•  If the debt exceeds 15 lacs, the most recent ITR

What kinds of financing options does Vision India provide?

• Term loans, line of credit/OD, invoice finance, and merchant cash advance are among the products offered.
• Vision India offers business loans tailored to each of the different market groups.

What are the different loan product categories that Vision India provides?

• We have customized loans for travel agencies, hotels, restaurants, stores, e-commerce companies, IT-enabled corporates, and more.
• Vision India provides loan options for manufacturers, traders, service providers, and retailers.

What are business term loans?

The flexible, reliable method of expanding your business, building your credit, and obtaining more working cash is through a term loan. This is the perfect small business loan if you’re looking for one. When a business’s financial needs are well-defined and time-bound, term loans might be beneficial. These loans might offer fixed or variable interest rates and have a specific payback period. Term loans can be categorized as long-term, short-term, or intermediate-term loans based on their tenure. Both secured and unsecured term loans are available for a variety of uses, such as extending office space, boosting working capital, or buying new equipment.

What conditions are included in a company term loan?

             Some people use the money they get from a company term loan to pay for immediate expenses.  Fintech companies now provide this loan in addition to banks and credit unions. Each business term loan is unique. The typical range of the loan amount is several thousand to several lacs. The amount of money a financial lending organization wants to give you and the interest rate you will pay for that loan are mostly determined  by your personal or business credit score, the length of time you have been in business, and the revenue of your firm. In general, the Annual Percentage Rating, or APR, ranges from about 6@ to 99%.  

How does a line of credit function and what is it?

 The line of credit is the greatest choice if you want regular cash inflow. Businesses that have a  line of credit are given a credit limit that they can use whenever they need it, and they can spend the money anyway they see fit. Because the entrepreneur can use the money as needed, a line of credit it ideal for short-term operations and for activities that generate immediate revenue. You will have access to funds once you have opened a line of credit. After that, you will receive a monthly invoice that includes interest costs if any) and the credit amount you have utilized. The actual interest that is accumulated on theses funds during your use you will have access to funds once you have opened a line of credit. After that you will  a monthly invoice that includes interest costs (if any) and the credit amount you have utilized. The actual interest that is accumulated on these funds during your use will determine how much you pay. The money is yours to utilize after you pay it back.       

             Line of Credit Features:

• Interest is assessed everyday.

How can I get a short-term loan?

             You must fulfill the following requirements in order to be eligible for a short-term loan:

• Your company must have been in existence for at least a year and have reliable business documentation. 
• You have to reside in India.
• You must be older than twenty-one.
• A current Indian bank account is required.
• KYC information for employees and businesses
• A six-month current account must be deposited; if not, a proprietorship savings account where business payments are received must be deposited. If applicable, a statement of the CC/OD limits must be given.

What is the discounting of invoices?

A working capital solution called invoice discounting enables companies to obtain cash advances from their clients rather than waiting for them to pay. If the money is obtained from a traditional lender, invoice discounting—which depends on the collateral of the invoice owed from the debtor—has emerged as a major source of working capital funding. An alternative to traditional business loans is unsecured invoice discounting, which gives you instant access to money that is trapped in your unpaid invoices. Instead of waiting for your clients to pay you, use invoice discounting to earn immediate

What is a merchant cash advance?

Many small business owners lack the necessary credit or collateral to qualify for traditional bank loans. Therefore, merchant cash advance works well for companies that have a lot of card-swiping transactions. As an alternative to conventional bank loans, it gives merchants cash advances based on anticipated future sales. Businesses receive a sum of money in exchange for a portion of their future profits when they take out a merchant cash advance.

A merchant cash advance helps businesses fulfill their immediate cash needs. In essence, businesses need money to extend their operations, reach out to more clients, stock more merchandise, and optimize credit.

What qualifications are needed to be eligible for a merchant cash advance?

The following are the requirements to be eligible for a Merchant Cash Advance loan secured by a POS machine:

• The promoter must be older than 24.
  • A minimum of two years of experience running a business.
  • A minimum of six months’ worth of card swipe activity.
  • Two years’ worth of income tax returns for loans above ten lacs.
  • A minimum of INR 50,000 must be transacted each month.
  • Companies that take credit and debit card payments.
  • The company should provide the most recent nine months’ worth of bank statements.
  • The GST Certificate

What Are The Eligibility Requirements For The Overdraft Facility?

A credit line, also known as an overdraft facility, is a financial tool that allows you to take money out of your savings or current account even if there is no money in it. This facility, which includes banks and NBFCs, is provided by almost all financial lenders. As required by the lender, it is a type of short-term loan that must be repaid within a specified time frame.

The following requirements must be fulfilled by a small business in order to be eligible to borrow the overdraft facility:

• The previous year’s GST returns.
  • A two-year audit report covering over ten lacs.
  • The promoter must be older than 24.
  • A minimum of one year of business activity is required.

What is an e-commerce business loan, and what paperwork is needed to apply?

The growth of e-commerce in India has drawn interest from both domestic and foreign organizations. Additionally, it has made small online enterprises much more competitive. Small sellers must continuously invest in their internet businesses if they want to outperform the competition and attract new customers. And the best way to keep this cash flow steady is with an eCommerce company loan.

To ensure a smooth and quick application process, you must have soft copies of the following papers on hand when you apply for an eCommerce business loan:

• Proof of business registration and your organization’s KYC documents.
  • The most recent GST filing and a GST certificate are required.
  • The last six months’ worth of bank account statements.

What Are The Requirements For Applying For A Hotel Loan?

Applying for a hotel business financing from Vision India is now simpler. To profit from the loan, all you have to do is fulfill the following qualifying requirements:

• You must be at least 22 years old.
  • Your company must be in operation for a minimum of one year.
  • Your company must have at least one year’s worth of income tax returns.

When it comes to confirming all of the documents you sent, you might need to produce additional relevant financial documentation. Information on this will be provided to you when it is required.

What Are The Documents And Eligibility Requirements For A Shop Loan?

The following requirements must be met in order to be eligible for a store loan from Vision India:

• The business location must not be in a remote area, and the applicant must be an Indian citizen.
• The applicant must be between the ages of 24 and 60.
• If your company is already established and you plan to apply for a loan, it must have been operating for a minimum of 18 months
• A valid GST, Shop Act, gumasta, or registration proof is required for businesses.
• Taking care of a rental property with a notarized or registered lease that is at least three months old.
• A minimum turnover of $50,000 to one crore is required for maximum company financing.

The following are the standard documentation needed for a shop loan:

• The bank account statement for the previous six months.
•  The applicant’s identifying documentation, such as a driver’s license or PAN card.
• A business PAN card
• Business records, like a statement of sole proprietorship. 

How Can I Apply for a Loan for My Restaurant?

You must demonstrate that your company is a good risk in order to be eligible for a restaurant business loan. This suggests having a high credit score and enough experience. If you are taking out this loan from a digital lender such as Vision India, there is no need for collateral. You must persuade your lender that you are prepared to launch a profitable company. Lenders want to know exactly how you intend to use the money they provide you. Make sure you choose investing partners you wish to work with or a loan you can afford to repay.