Avyud Consultancy simplifies access to collateral-free loans for businesses, startups, and MSMEs, helping entrepreneurs secure funding without pledging assets. We assist in obtaining loans under Government-backed schemes like CGTMSE (up to ₹1 crore) and MUDRA loans (up to ₹10 lakh) for manufacturing, trading, and service sectors. Our expert advisors guide you through eligibility checks, documentation, and loan approval processes, ensuring a seamless experience. Whether you need working capital or expansion funds, Avyud Consultancy streamlines financing with minimal hassle. Book a free consultation today and unlock risk-free funding solutions tailored to your business needs!
Collateral Free Loan Services in Purnia, Bihar
Contact Us for Collateral Free Loan Services in Purnea
Diverse Types of Bank Loan Facilities
Working Capital
Working capital advance is authorized by Banks for working capital purposes like holding of stock, receivables, and development of other current resources in a business. Working capital offices are inexhaustible consistently.
Letter of Credit
Letter of credit is a sort of office from a Bank ensuring a purchaser’s installment to a merchant, if the purchaser can’t make installment on the buy according to terms of the exchange.
Bank Guarantee
Bank ensure is a guarantee from a bank that the liabilities of a gathering will be met by the Bank if the gathering neglects to satisfy authoritative commitments. Bank ensures are commonly asked for while executing extensive tasks.
Home Loan
Home loan credits are advances that are sponsored by genuine property by putting a lien on the property being sold. The assets created from a home loan credit can be utilized by the business for any reason.
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Why Choose Us for Collateral Free Loan Services
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FAQs for Collateral Free Loan Services
Which Companies are Eligible for Business Loans?
We provide advice for working capital finance to all entities engaged in manufacturing, service, or trade segment as below :
- Sole Proprietorship Firms
- Partnership Firms
- Private Limited Companies
- Public Limited Companies
Types of Collateral that can be Offered?
The Collateral should be any one of the following assists:
- Moveable Collateral – Fixed Deposit
- Immoveable Collateral – Flat, House, Bungalow, Land (Non-Agricultural), Shop, etc.
What are The Benefits of a Collateral-Free Loan?
The biggest advantage of collateral-free loans is that there is no need for collateral. Some of the other benefits are:
- Loans are given at concessional interest rates
- Repayment is flexible with a tenure of up to 5 years
- Letter of credit and bill discounting are available for up to 180 days.
- There is no credit history check while approving this loan
- Funding is also available for product development
- Application processing is hassle-free and very fast
Who Needs a Collateral Free Loan?
Collateral free loans are mostly required by MSME (Micro, Small, and Medium Enterprises) employees and owners or entrepreneurs.
Some examples:
- Personal loan for employees
- For capital or loans to small and medium businesses
- Partial payment when you buy a home loan, car loan, or another personal loan
- Out of pocket medical expenses in excess of the sum insured education fee for children
- Loan for Home or Business Renovation
- Refinance loan
- Any sudden unforeseen expenses that are not in the budget at the beginning of the year.
What is The Interest Charged on These Loans?
The interest charged is left to the discretion of the bank and charged as per the bank base rate.
What is The Purpose of This Loan?
The funds from this loan can be utilized by MSEs for financing Working Capital, Term Finance for Capex, product development, business expansion etc.
Our Loan Services in Purnea, Bihar
