Business Loan

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Best Advisory for Business Loan

Chanakya Financial Service is a leading consultancy company that is associated with all the leading financiers and banks around Raipur( C.G ) and surrounding regions to render perfect solution to all your loan needs.

Big or Small, new or startup, we will help you arrange for your working capital. Chanakya Financial Services , the best loan consultation providing company will help you get business loan for lowest interest in Raipur. Get an access to hassle-free loans with seam-less advisory.


Frequently Asked Questions

Q. What is a Business Loan?
A. A business loan is a loan specifically intended for business purposes. As with all loans, it involves the creation of a debt, which will be repaid with added interest. There are a number of different types of business loan, suited to the requirements of different types of business such as bank loans, mezzanine financing, asset-based financing and invoice financing.


Q. What is Secured and Unsecured Business Loan?
A. For a Secured Business loan, the borrower needs to pledge something as collateral or security against the loan amount taken. Be it raw material or finished products, land or machinery, anything can be kept as collateral in agreement with the lending party. The borrower can also offer cash advance as collateral as it offers more liquidity and the loan can be availed at lower interest rates and flexible repayment options.
In case of unsecured business loans, here is no requirement of any collateral from the borrower. However, while availing an unsecured business loan, the borrower needs to pay a high interest rate. Moreover, the loan amount is taken for a smaller tenure when compared to a secured loan. According to the their tenure, business loans can be further diversified.


Q. What is a fixed rate Business loan?
A. Fixed rate Business loan is at a predetermined interest rate during the loan period, irrespective of market conditions.

Q. What is the eligibility criteria for a Business loan?
A. Anyone — whether self-employed or salaried professionals — with a regular source of income can apply for Business loans. One must be 21 years old when the loan period begins and should not exceed an age of 65 years when the loan period closes.


Q. What are the documents required for Business loan?
A. Documentation requirements and processes vary from one lender to another. The fundamental necessary documents you will be required to submit include:

  • Completed loan application form
  • Passport size photographs
  • Identity proof – PAN Card/Aadhaar Card/Passport Number
  • Address proof- telephone or electricity bill/property tax receipt
  • Bank statement of past 6 months
  • Statements of investments, if any

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