Since we started giving business loans in addition to personal loans, our SME customers ask for a personal as well as business loan. When we ask them about the type of loan, they inform us that they want to get a maximum amount, and they do not care about the type of loan. We ourselves run a small company, and we understand that most business owners need funds to grow their business and make personal purchases. Having said that, your chances of getting a loan are less if you just ask for maximum amount and you do not specify the type of the loan you are asking.

 

Since the analysis for both types of loans are different, we need different documents, and need to ask different questions. The loan amount, and interest rates for working capital loan for two months are different from that of personal loan for two years. In fact, the analysis by the credit manager is different for personal vs working capital is quite different. In fact, most NBFCs only process business or working capital loans, and they do not process personal loans.

Below are the steps to get personal l loan:

  • Open your web browser on your laptop or mobile phone
  • Enter www.loanmeet.com
  • Click Get A Loan at the top
  • Fill your basic details and select “Business” as loan type

Upload your documents, and complete the loan application

 

Below are the steps to get working capital loan:

  • Open your web browser on your laptop or mobile phone
  • Enter www.loanmeet.com
  • Click Get A Loan at the top
  • Fill your basic details and select “Business” as loan type

Upload your documents, and complete the loan application

 

Your loan application status would be communicated to you in 24 hours, and you would receive funds in 3-5 days. We believe that peer to peer lending works great for small business, and we are fast. Before approaching us, you must specify the type of loan and loan amount you are looking for, as it would help us process your loan faster.