Secured Business Loan
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Secured Business Loan
Business Loan Below 1 Crore
The Small and Medium Enterprises (SME) sector in India has matured tremendously over the last few decades, providing employment opportunities to millions of people and bringing several industries to rural areas. The SME sector employs millions of Indians and functions as a subsidiary to large industries in the country. The sector also contributes to a large portion of the country’s exports.
Secured Business Loan
The Small and Medium Enterprises (SME) sector in India has matured tremendously over the last few decades, providing employment opportunities to millions of people and bringing several industries to rural areas. The SME sector employs millions of Indians and functions as a subsidiary to large industries in the country. The sector also contributes to a large portion of the country’s exports.
Why HENOX Capital SME Loans?
- Minimum ticket size: Rs 1 crore
- Maximum ticket size: Rs 25 crore
- Initial assessment: Nature of requirement, customer's repayment capability, financial valuation
- Average turnaround time: 7 days after receiving the complete set of documents (subject to credit appraisal, which is the sole discretion of HENOX and terms and conditions as agreed under individual loan agreement).
- Assessment methodology: We offer Parameterised Lending to ensure that funds are released in a timely manner to the customer.
Please ask us for the list of required documents at the time of inquiry.
Are SME Loans for you ?
- Requires affordable credit in a short period of time
- Payments have been delayed by larger corporations, thus putting current projects at risk
- Does not have access to organised finance
- Requires long-term and short-term finance
Tax Planning
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Secured Business Loan
Secure business loans
for you
- Low interest, flexible payments
- One app, quick dispersals
FAQs on Secured Business Loan
A secured loan is a debt wherein collateral backs the loan as a valuable asset. The lender takes ownership of the asset until the loan is repaid. If the borrower defaults on the loan, the lender can seize the collateral and sell it to recoup the loan amount.
The different types of secured loans are:
- Home loan
- Loan against property (LAP)
- Loan against Insurance policies
- Gold Loans
- Loan against mutual funds/shares
- Loan against Fixed deposit
The acceptable collateral for a secured loan depends upon your lender. For instance, in a mortgage scenario, your home invariably functions as the collateral. Some other types are:
Real estate properties
- Bank accounts (savings accounts, certificates, and money market accounts)
- Vehicles
- Mutual fundss
In the event of a missed payment or default on your secured loan, the lender has the authority to seize the collateral you pledged. The lender can sell the item to recover the loan amount, whether it’s your car, house, or personal property.
To prevent defaulting on secured debt, ensure that you choose a loan amount that you can comfortably manage. It’s also crucial to make all payments on time and in full to avoid any default.
The secured business loan rates provided by financial institutions differ from one bank to another. It primarily relies on factors such as the applicant’s credit score, repayment capacity, cash flow, business needs, etc.
The minimum repayment period is 12 months, while the maximum repayment duration can extend up to 15 years.
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