Aditya Birla Finance is a reputed NBFC (Non-banking Financial Company) that offers SME finance for Small and Medium Enterprises at an interest rate of 14% onwards. The Aditya Birla Finance offers loan products to Small and Medium Enterprises (SMEs) that have plans in expanding their business or want to manage their daily business expenses.
The Aditya Birla Finance consists of SME Finance in which the business loans are given according to your requirements. The range of the services offered by Aditya Birla SME finance is:
Unsecured Business Loan
Unsecured business loan offered by Aditya Birla Finance is offered at 14% onwards on loans below Rs. 15 lakh with the repayment tenure from 12 months to 36 months. Aditya Birla Finance has a unique offering as they will provide a business loan which is collateral free or without security. The companies can take business loans for starting their new business , for business expansion or for machinery purchase. This loan is for individual and non-individual entities, traders, self-employed entrepreneurs, manufacturers or companies. For loans above Rs. 15 lakh the maximum loan amount offered is up to Rs. 1 crore with repayment tenure from 12 months to 48 months.
Secured Business Loan
The Aditya Birla finance helps the entities in the SME sector to meet their financial requirements. The maximum loan amount offered under this loan category is Rs. 25 crore. In this business sector, urgent funding is needed to meet their operational objectives such as- importing equipment, purchasing new premises, hiring skilled workforce, expansion etc. The Aditya Birla Finance have a SME loan which offers flexible repayment options at lower rate of interest. The average Turnaround time for loan processing is 07 days from the day of documents submission.
Working Capital Loan
Usually the business runs on the daily requirements of funds. The requirements may range from paying rent of the office place to purchasing monthly office supplies. But however it is not always that the working capital will be in your hands at all the times. Hence the companies can take working capital demand loan to meet their financial needs.
The working capital of Aditya Birla Finance will offer working capital loan solutions to boost operations and output, and business to expand their reach and area of influence. The Adtiya Birla working capital solutions will give business a complete array of short-term business requirements for companies whose current operational costs are higher than their monthly revenues.
