LoanXpress has created a virtual data room where details & applications of SMEs across India are presented to Banks & NBFCs of India. We ensure that the reports & information displayed on LoanXpress is as per the requirements of the Financial Institutions. These Banks & NBFCs choose the applications they deem feasible and make offers. Thus, we have inverted the map wherein instead of SMEs chasing bankers, bankers now chase SMEs.
We specialize in loans for SMEs and provide financial solutions ranging from Secured Term Loans to Unsecured Loan Facilities. Additionally, we also provide tailor-made solutions as per the business requirement such as Receivable Finance, Leasing Solutions, etc.
A few reasons why: - One application form with LoanXpress reaches to multiple Banks & NBFCs - LoanXpress has 40+ partnered Banks & NBFCs for you to choose from - Our processes (from understanding your business' need and applying for you to sanction & disbursement of the funds is both convenient and simple. We ensure you a single point-of-contact which makes it simpler for you. - All your information is available on login, including the status updates of each of your Loan Application. - We offer end-to-end solutions
To begin with, someone from Team LoanXpress will call you to understand your requirement and to take it to the next level wherein our data scientists will analyse your proposal and assist you with the making the application for the best-suited loan product for you.
Until all the required documentation is not provided, the Financial Institutions cannot give us a reply - whether positive or negative. Once you have provided us with all the documents, we proceed with your application and begin the processing. However, every loan type has a different turn-around time taken to process a file and you may check the details in the Services section.
LoanXpress is a digital platform that Banks & NBFCs across India trust. That is because we have given data security a great deal of importance and have ensured that it remains a priority for us. We are equally concerned about the safety of your documents.
This is very unlikely but if it does happen, we recommend you to give us a call at 022-2655 5992 to discuss the same. We like to look at every application and assisting you out to help you rectify whatever shortcomings led to the rejection is one of our priority.
You can reach us at 022-2655 5992 or send us an email at enquiry@loanXpress.com , and someone from Team LoanXpress will get in touch with you shortly.
Unsecured loan facility is the right solution for you if you dont have any collateral that can be offered of available in your business.
Professionals & Self-employed individuals Proprietorship firms Partnership firms Private limited companies Closely held and Public limited companies
Though each Bank & NBFC looks at various points to ensure the eligibility of the applicant, there are some common factors that are looked at by each and every one. They are: - The company should be at least 2 years old - The company's financials should have been audited - The company should have filed its ITR for the past 2 years
It takes 10-15 working days for a business loan application to reach sanction stage once all the documentation has been completed
The minimum amount of unsecured business loan is Rs. 10 lakhs and the maximum is Rs. 40 lakhs by each institution, depending upon the your eligibility. We can together work with more than one institutions and get a higher amount for you
Unsecured business loans usually range from 1 year to 3 years
The interest rates for each business loan from each Bank/NBFC differ based on your application - the loan amount, the assessment of the credit meeting, your cash balances, etc. However, the rate is usually a fixed rate ranging from 15% to 24% p.a.
Usually, Banks & NBFCs take the NACH mandate from you for the monthly clearance of the EMI from your operational account. Additonally, they also take post-dated cheques from you covering the amount, used only in case the EMI doesnt clear from your bank account.
Though prepayment of a business loan is generally allowed, some Banks & NBFCs only allow it after 6 months from the date of the disbursement of your loan
Team LoanXpress will look over your application and coordinate with you in case of any issues/discrepancies. Once the basic documentation is received, we will invite a few Banks & NBFCs to view your application along with a the reports generated by us. You can view the status of your application by logging in and call us on 022-2655 5992 in case you have any questions.
The list of documents required is available here. Also, you can call us at 022-2655 5992 in case you have any questions for us.
You can begin applying here
Your application might have been rejected because of many different reasons. We believe in assisting you to overcome any shortcomings your business might have had and ensuring that your next loan application goes through.
Loan Against Property (LAP) is a product that is available for businesses that have a collateral in the form of a property. A templated loan is available as a standard product where in you can avail upto 50-70% of the value of the property that you have.
Professionals & Self-employed individuals Proprietorship firms Partnership firms Private limited companies Closely held and Public limited companies
Though each Bank & NBFC looks at various points to ensure the eligibility of the applicant, there are some common factors that are looked at by each and every one. They are: - The company should be at least 2 years old - The company's financials should have been audited - The company should have filed its ITR for the past 2 years
The Loan against Property application takes a little longer than a typical business loan since the valuation of the property and it's evaluation through different assesors is involved. 7-15 working days, after all the documents are submitted, are required to process an application.
This depends on the property type, valuation and the policies of the lending institution. Generally, you can get a loan for up to 70-100% of the residential property value and 30-60% of the commercial property value.
A loan against property is generally tenured up to 15 years.
The interest rates for each Loan against Property from each Bank/NBFC differ based on your application - the loan amount, the assessment of your property and it's valuation, etc. However, the rate is usually a fixed rate in the range of 12.5% to 15% p.a.
Usually, Banks & NBFCs take the NACH mandate from you for the monthly clearance of the EMI from your operational account. Additonally, they also take post-dated cheques from you covering the amount, used only in case the EMI doesnt clear from your bank account.
Though prepayment of a business loan is generally allowed, some Banks & NBFCs only allow it after 6 months from the date of the disbursement of your loan
To begin with, someone from Team LoanXpress will call you to understand your requirement and to take it to the next level wherein our data scientists will analyse your proposal and assist you with the making the application for the best-suited loan product for you.
The list of documents required is available here. Also, you can call us at 022-2655 5992 in case you have any questions for us.
You can begin applying here
You can begin applying here.
Loan against property facility can certainly be co-applied for.
For a co-owned property, all co-owners need to be part of the applicantion, thus need to be co-applicants in the loan.
An independent credit accessor appointed by the lending institution will conduct the valuation of the property.
Working Capital is the amount of capital required by your business to purchase those items which are converted to saleable goods by the production process. Your business will need circulating capital as a part of your daily needs to purchase goods that can be sold into the market.
Professionals & Self-employed individuals Proprietorship firms Partnership firms Private limited companies Closely held and Public limited companies
Though each Bank & NBFC looks at various points to ensure the eligibility of the applicant, there are some common factors that are looked at by each and every one. They are: - The company should be at least 2 years old - The company's financials should have been audited - The company should have filed its ITR for the past 2 years
The Working Capital application takes a little longer than 15 days as it needs an anlaysis of your working capital needs by understanding your business. Its presented through a CMA Data format which the banks need from your side to understand your business better. Either your accountant or CA can help you to prepare iit. If needed you can seek help from us too.
This depends on the kind of sector & segment of business that you may be running. There are different calculations to arrive at the Working Capital requirment for manufactiring, trading,real estate,services
Working capital facility an annual facility which is generally reviewed & renewed every year
The interest rates for each Loan against Property from each Bank/NBFC differ based on your application - the loan amount, the assessment of the credit meeting, your cash flows & balances, etc. However, the rate is usually a fixed rate in the range of 10% to 14% p.a.
The NBFCs sector doesnt do Working Capital. The banks that sanction WC usually need your account with them to monitor the inflow & outflow of recivables & payables from your account. There is no EMI as such for every month as you can draw the entre Working Capital limit and maintain the balance in the account hrough the money that comes in on a daily basis. The interest is chargable only on the average fund utilisation during any month.
You can close your working capital facility by paying in full the outstanding balances.There are no prepayment charges.
To begin with, someone from Team LoanXpress will call you to understand your requirement and to take it to the next level wherein our data scientists will analyse your proposal and assist you with the making the application for the best-suited loan product for you.
The list of documents required is available here. Also, you can call us at 022-2655 5992 in case you have any questions for us.
You can begin applying here
Your application might have been rejected because of many different reasons. We believe in assisting you to overcome any shortcomings your business might have had and ensuring that your next loan application goes through.
Leasing is taken by a company when you can take assets off the balance sheet for various reasons. You may not want depreciation in your balance sheet or you may get an easy leasable asset for which some form of capital is not required to be set aside. With leasing you balance sheet looks better especially when you may want to run an asset light business like Uber, Ola who dont own their cars or even Gensets or Furniture & Fixtures or High end servers & equipments.
Professionals & Self-employed individuals Proprietorship firms Partnership firms Private limited companies Closely held and Public limited companies
Though each Bank & NBFC looks at various points to ensure the eligibility of the applicant, there are some common factors that are looked at by each and every one. They are: - The company should be at least 2 years old - The company's financials should have been audited - The company should have filed its ITR for the past 2 years
The Leasing solution takes about 7-10 days as it needs an anlaysis of your leasing needs by understanding your business.
This depends on the kind of sector & segment of business that you may be running. There are different calculations to arrive at the Leasing requirment for manufacturing industry, trading business,creal estate sector or services sector.
Through the Leasing product you can borrow from 6 months to 60 months
The interest rates Leasing from each Bank/NBFC differ based on your application - the amount needed, the assessment of product needed for leasing, your cash flows & balances, etc. However, the rate is usually a fixed rate in the range of 8% to 14% p.a.
Usually, Banks & NBFCs take the NACH mandate from you for the monthly clearance of the EMI from your operational account / escrow account where you receive your money . Additonally, they also take post-dated cheques from you covering the amount, used only in case the EMI doesnt clear from your bank account.
Prepayment clauses are set out at the time of sanctioning of any leasing facility. Prepayment charges may range from 1% to 5%.
To begin with, someone from Team LoanXpress will call you to understand your requirement and to take it to the next level wherein our data scientists will analyse your proposal and assist you with the making the application for the best-suited loan product for you.
The list of documents required is available here. Also, you can call us at 022-2655 5992 in case you have any questions for us.
Since this is a structured solution, we would need to discuss a few points before we can proceed. Do give us a call on 022-2655 5992 and we'll happy to assist you.
This is very unlikely but if it does happen, we recommend you to give us a call at 022-2655 5992 to discuss the same. We like to look at every application and assisting you out to help you rectify whatever shortcomings led to the rejection is one of our priority.
Receivable Finance can be availed when you have fixed receivables / cash flows from a particular source over a period of time. This can be taken up as a separate facility & in many cases without the need of any collateral. Its an additional avenue to avail finance other than the normal sources.
Professionals & Self-employed individuals Proprietorship firms Partnership firms Private limited companies Closely held and Public limited companies
Though each Bank & NBFC looks at various points to ensure the eligibility of the applicant, there are some common factors that are looked at by each and every one. They are: - The company should be at least 2 years old - The company's financials should have been audited - The company should have filed its ITR for the past 2 years
The Receivable Finance solution takes about 7-10 days as it needs an anlaysis of your needs vis-à-vis your 'earmarkable cash flows' within your business.
This depends on the kind of sector & segment of business that you may be running. There are different calculations to arrive at the amount of financing that can be availed for manufacturing industry, trading business, real estate sector or services sector.
Through the Receivable FInance product you can borrow from 6 months to 60 months
The interest rates for each transaction differ with each Bank/NBFC differ based on your application - the financed amount, the assessment of your creditors, etc. However, the rate is usually a fixed rate in the range of 9.5% to 14% p.a.
Usually, Banks & NBFCs take the NACH mandate from you for the monthly clearance of the EMI from your operational account / escrow account where you receive your money . Additonally, they also take post-dated cheques from you covering the amount, used only in case the EMI doesnt clear from your bank account.
Prepayment clauses are set out at the time of sanctioning of any leasing facility. Prepayment charges may range from 1% to 5%.
To begin with, someone from Team LoanXpress will call you to understand your requirement and to take it to the next level wherein our data scientists will analyse your proposal and assist you with the making the application for the best-suited loan product for you.
The list of documents required is available here. Also, you can call us at 022-2655 5992 in case you have any questions for us. us.
Since this is a structured solution, we would need to discuss a few points before we can proceed. Do give us a call on 022-2655 5992 and we'll happy to assist you.
This is quite possible if it does happen, we recommend you to give us a call at 022-2655 5992 to discuss the same. We like to look at every application and assisting you out to help you rectify whatever shortcomings led to the rejection is one of our priority.
LAS can be availed against any liquid securities (listed shares, bonds,debentures,govt securities, debt mutual funds) that may be held by your company.
Professionals & Self-employed individuals Proprietorship firms Partnership firms Private limited companies Closely held and Public limited companies
Though each Bank & NBFC looks at various points to ensure the eligibility of the applicant, there are some common factors that are looked at by each and every one. They are: - The company should be at least 2 years old - The company's financials should have been audited - The company should have filed its ITR for the past 2 years
The LAS is product which can get you money very quickly & the Turn around Time could be as low as 3-7 days depending on the liquidity of the securities being offered as collateral.
you can avail upto 50% against lsited BSE 500 shares and upto 95% in case of well rated Bonds, Debentures & Govt Securities.
Through the LAS product you can borrow from 6 months to 24 months
The interest rates for each transaction differ with each Bank/NBFC differ based on your application - the financed amount, the assessment of your securities that are being offered. However, the rate is usually a fixed rate in the range of 9.5% to 12% p.a.
Usually, Banks & NBFCs take the NACH mandate from you for the monthly clearance of the EMI from your operational account / escrow account where you receive your money . Additonally, they also take post-dated cheques from you covering the amount, used only in case the EMI doesnt clear from your bank account.
Though prepayment of loan agaisnt securities is generally allowed, some Banks & NBFCs only allow it after 6 months from the date of the disbursement of your loan.
To begin with, someone from Team LoanXpress will call you to understand your requirement and to take it to the next level wherein our data scientists will analyse your proposal and assist you with the making the application for the best-suited loan product for you.
The list of documents required is available here. Also, you can call us at 022-2655 5992 in case you have any questions for us.
Since this is a structured solution, we would need to discuss a few points before we can proceed. Do give us a call on 022-2655 5992 and we'll happy to assist you.
Your application might have been rejected because of many different reasons. We believe in assisting you to overcome any shortcomings your business might have had and ensuring that your next loan application goes through.
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