Speed Finance Premier
Reason to Choose SpeedFinance Business Loan
SpeedFinance is synonymous to fastest processing for Business Loan. A business loan application that reaches our platform is processed with very care and agility. Our data verification software and experienced Customer Care Executives come into action as soon as the application reaches our systems. We are always eager to serve you better than the best.
Quick Loan Approvals
Safe and Secure
Business Loans - Bad Credit, Good Credit, or No Credit!
SpeedFinance processes all applications with full consideration to customer requirement. SpeedFinance has the quick processing mechanism available for Business Loan process. If the customer lacks credit history, our lenders still evaluate the credibility of the customer by using other means of verification like transaction history in bank, UPI ID transactions etc. We will not leave you in the middle of nowhere due the lack of credit history and we will try our best to serve you.
Safe & Secure
SpeedFinance - Business Loans
SpeedFinance provides digital processing for Business Loan Applications. We consider the importance of real conversations with actual persons while we process Business Loan applications in our tech platforms. With the help of our technology, we complete the first level of review. In the meantime, the application reaches our customer care executives. Our customer care executives are trained on understanding the Business Loan requirement and eligibility criteria of lending Banks and NBFCs. The customer care executives contact customers after the filled Business Loan application form reached our system. They review the application and contact the requester for further processing. Customers can come to our platform at any point of time to check the real time status of their applications. Customers can download SpeedFinance app from Play Store to check the application status. On our website we have Riya (our chatbot) to help customers with their queries. Riya is available 24X7. At SpeedFinance we make sure that you get best offers.
Speed finance is good application for loan and Sohel help to disbursed it but I can't take that premium service bcoz I don't have money now but if I got money then I will definitely take that premium service it has more benefits I read that all,but I will take it later.thank you ....
The Application is very friendly and easy to use for business loan the customer service is also good MS Lakshmi mam very satisfying i would thank to miss Lakshmi for the support and guide during the process aslo thanks to team speed finance and thanks Lakshmi mam
Very Good App and easy to use. Customer service and behaviour also very good. It is very easy to understand every one. Lakshmi madam was excellent explanation. I will understand easily...
Very cooperative and supportive suggestions by Relationship Manager Ms Siddhi related to borrow the loan. Very effective and fast process by the app. Although I'm not going to take a loan right now due to personal reasons, but anybody can use the app to take instant loan.
In the beginning I thought this application fake but the customer support team kept the reliability especially one of their executives Bilkis helped a lot and finally a loan of 15000 disbursed for three months tenure. Although the process of approval is time taking but still it's a genuine application
Awsome.Shraddha helped me in getting the loan as fast as it could have been done, very responsive and one doesn't need to follow up with her as she will provide each and every update timely. Really good experience and thanks a lot Shraddha
FREQUENTLY ASKED QUESTIONS
- No collateral or guarantor is asked our Business Loan
- We regularly provide exclusive offers on business loans to our repeat customers
- We offer unsecured business loans up to ₹ 75,00,000
- Minimum documentation is asked
- You get quick online approval once you share the minimum document required
- Completed application form at Earnwealth.in or from our App KYC documents of the company including PAN Card, Registration of Incorporation, Partnership deed, Memorandum & Articles of Association.
- KYC documents of the business owners
- Balance sheet and Profit & Loss accounts for the last two years
- Income Tax Returns for the last two years
- Company bank statements for the last six months
- GST returns for the last 6 months
- Detailed plan on usage of Business Loan.
- Sole Proprietorships
- Partnership Firms
- Private Limited Companies
- Closely held Public Limited Companies
- Hospitals, Nursing Homes, Diagnostic Centres, Pathological Labs.
- Credit score of the entity and/or the partner/director/proprietor of the borrowing entity as reflected in Credit (CIBIL or Equifax) report or any other credit bureau. Good credit score is necessary but not the only criteria. If credit score is at border line, the bank may take a call to limit principal amount.
- Financials of the borrower / borrowing entity in last 2-3 years are very important for calculating loan eligibility. Key parameters considered for calculation of loan eligibility are turnover, partner/director salary, depreciation, interest cost, net profit after tax etc.
- Debt service coverage ratio (DSCR) depicts the ability to pay EMI for applied loan amount. Normally it is considered that DSCR should be in the range of 1.0 to 1.5.
- Step 1: Complete all paper work in initial phase when planning on going for Business Loan
- Step 2: Calculate the immediate cash requirement keeping future in mind
- Step 3: Get expert 's assistance
- Step 4: Check the fee, rate of interest and other charges for each bank
- Step 5: Ask questions without hesitation