MGL offers customized business loans for small and medium businesses in India. Whether you want to revamp your business, launch a new store, buy new machinery, increase working capital MGL Unsecured Business Loans offer you customized loans to suit your business plan. Many small businesses witness hindrances in their growth majorly due to lack of credit. The business loan purpose for small traders is to maintain healthy cash flow. They require a business loan to expand their business by buying new or upgrading stocks.
BUSINESS LOAN FEATURES
- Flexible Loan Repayment : Repay your loan within 12 - 60 months as per your convenience.
- Competitive Interest Rates : With MGL, you enjoy a Competitive interest rates.
- Work Status : Self Employed
- No Collateral : You can get a collateral-free business loan
- Business Stability : 2 years & Above
- Online Account Access :Track your loan with our Mobile application anytime & anywhere.
BUSINESS LOAN ELIGIBILITY
- Nationality : Indian
- Age : 21 - 60 Years
- CIBIL Score : 650 & Above
- Business Stability : 2 years & Above
- Work Status: Self Employed
- Residence Type : Own House
DOCUMENTS REQUIRED
- Photo Identity Proof : A copy of your Aadhar card or Voter ID.
- Bank Statements : A copy of bank statements for last 3 months
- Address Proof : Your current residence address proof.
- Business Proof : A copy of your Business ownership papers.
- Income Proof