CredAvenue – Corporate Loans
Getting an Corporate Loan
A corporate loan is approved for any existing business successfully running for a minimum of 5 years and having earned profits at least during the last two years. Apart from this, the organisation must also have a good credit rating and track record. It should also have a good market reputation as a flourishing business. Further, organisations that had taken loans in the past, their repayment records are also considered before a loan is sanctioned.
Corporate loans can be of two types – secured or unsecured. In the case of secured loans, collateral has to be provided, which the lender shall sell if you fail to repay the loan. The secured loan is available at lower interest rates and prolonged extended repayment periods. In an unsecured loan, you do not have to submit any security. However, it would be best to have a high credit rating to avail of an unsecured corporate loan. Such unsecured loans are disbursed generally for immediate or short-term funding needs.
Depending upon your needs, you can select the right one out of the various forms of corporate loans offered by the loan providers. The multiple forms of credit provided under corporate loans include Term Loans, Line of Credit, Working Capital loans, Promoter Funding, Structured Finance, Venture loans and Export & Bill Financing, to mention a few.
The Fastest and Cheapest Way to Get a Term or Working Capital Loan
Why Choose Credloan To Get A Corporate Loan?
CredLoan is India's largest online debt marketplace which provides access to both borrowers & lenders and facilitates a complete debt ecosystem from discovery and execution to fulfilment.
CredLoan platform offers the following distinctive features & benefits:
Discovery:With CredMatch®, the proprietary AI/ML engine, now get discovered by 500+ lenders and enterprises across the rating spectrum.
Interoperability:Integrated solutions for different stages of the client’s lifecycle and access to diverse debt instruments with a single click.
Execution:Using our advanced decision-making suites, CredAnalytics® and CredAutomate® now close deals 5x faster than the market with complete transparency.
Fulfilment:With CredMonitor®, monitor your assets portfolio and sustain high asset quality with 100s of data points segmented into automated custom reports, along with custom alerts and early warning signals.
CredLoan has helped businesses to manage various finance programs seamlessly while bringing in operational efficiency for their teams. Funds raised through this platform helped many small & mid-size businesses scale profitably at an accelerated pace.
Why Is The CredLoan Platform For You?
CredLoan is a complete debt platform with multiple products catering to your specific debt requirements.
✓The tenor of 3 to 180 months
✓Quantum of ₹ 5 to 500 Crores
✓5x quicker transaction time
An intuitive and ‘easy-to-use’ platform, CredLoan enables a customised online experience for you. Using CredLoan, get discovered by 500+ lenders that meet your criteria and avail a seamless end-to-end experience. This platform facilitates various forms of corporate loans, including Term Loans, Working Capital loans, Promoter Funding, and Structured Finance.
How to Get A Corporate Loan Through CredLoan?
Now that you have evaluated your requirements and are determined to move forward, the corporate loan application comes next. Here is how you can apply and get a corporate loan:
Step 1 – Fill in the form on this page or visit the CredLoan page
Step 2 – Fill in your basic details
Step 3 – Our representative will get in touch with you and explain the process
So, what are you waiting for? Act now!
FAQs
What are the various types/forms of corporate loans?
Corporate loans are offered in various forms, which include:
✓ Term loans
✓ Line of Credit
✓ Working Capital loans
✓ Venture loans
✓ Real estate loans
✓ Equipment loans
✓ Loan against future lease rentals
✓ Export financing
✓ Bill financing
✓ Short-term loans
Does the interest rate for corporate loans differ for different applicants?
Yes, the interest rate for corporate loans might be varied for different applicants. The rates are dependent on factors such as the applicant’s credit history, annual income, stability in banking activities, credit score, and so on.
Other than the interest rates, what other factors must be checked when applying for a corporate loan?
You should be aware of the lender’s processing fees for the Loan and the pre-closure charges (if any).
What are secured and unsecured loans?
Secured loans demand a business asset as collateral, as a part of security. In case of non-payment of the loan, the lender can seize the asset to claim the unpaid amount. With secured loans, you can benefit from a lower interest rate, higher borrowing limits, and longer repayment terms than unsecured loans.
Unsecured loans are for immediate fund requirements by businesses without any form of collateral or security. However, businesses need to have high credit ratings to avail of unsecured loans.
Should I always apply for the loan which offers the lowest interest rate?
No, it is advisable to check the terms and conditions of the lender before you apply for a loan. Low interest rates might not always be the most beneficial loan as hidden charges might arise, making the overall loan amount quite heavy.
Is it possible to get a business loan for a small business?
Yes, many lenders in India provide loans for small businesses. Funds raised through CredLoan have helped many small businesses scale profitably at an accelerated pace.