Term loans for
Expanding your business
Grow Your Business 5X
Powered by Top NBFCs and Banks as Lending partners
Need a Business Term Loan? Simply in 3 Steps
Apply digitally
Provide business details, Bank Statement, Business proof details like GSTIN etc
Verify business
Instant verification & approval. Submit business KYC documents
Get loan credited
Get Loan credited in your business account
Fuel Your Growth
Elevate your business with quick and flexible term loans.
Customized for You
Tailored financing solutions for expansion, working capital, or debt consolidation.
Effortless Process
Partner with EnKash for a seamless funding experience.
Competitive Advantage
Enjoy competitive rates to drive your business forward.
What is a Term Loan
Term loans are financial instruments extended by lenders for defined durations with the choice of fixed or floating interest rates.Further categorization of business term loans may be based on factors such as tenure and the nature of interest rates.
Short Term Loan
- -> Maximum tenure of 2 years, primarily used for day-to-day business needs or working capital.
- -> Higher interest rates due to the shorter time frame.
Medium Term Loan
- -> Tenure ranges from 2 to 5 years, often used for asset renovation or repair.
- -> Interest rates are higher than long-term loans but involve relatively easier documentation.
Long Term Loan
- -> Typically, tenures exceed 5 years, with some extending up to 25 or 30 years.
- -> May require collateral, and interest rates are influenced by the level of security.
How EnKash’s business term loans are
beneficial to your business objectives
Structured Repayment
Repay through fixed EMIs covering principal and interest charges
Defined Duration
Financial tool with a set timeframe, catering to short or long periods.
Interest Flexibility
Available at fixed or floating rates, adapting to borrower preferences and market conditions.
Typical Tenure
Repayment spans 12 to 60 months, providing flexibility for diverse financial needs.
Flexible Repayment
Offers flexibility in repayment, accommodating the financial needs of MSME businesses.
Quick Disbursal
Requires minimal documentation and ensures quick disbursal of funds.
How Term Loans Work
Loan Value
Fixed amount based on the type of loan and borrower eligibility.
Interest Rate
Can be fixed or floating, chosen by the borrower.
Loan Tenure
Pre-determined, with repayment in EMIs throughout the tenure.
Secured or Unsecured
Loans can be secured or unsecured, with higher rates for unsecured loans.
EnKash Capital Term Loans:
Streamlined Eligibility & Document Guide
Scaling a business requires substantial financial investment, whether it's for expansion, upgrading technology, or enhancing your workforce's skills. EnKash Capital is dedicated to empowering your business's growth by offering flexible Term Loans tailored to your needs. Our unique approach ensures that you have the financial support to pursue your business aspirations, from office renovations to purchasing new equipment. With our streamlined process, securing a loan for your business's short or long-term needs has never been easier or more efficient.
Simplified Application Process: We understand that time is of the essence for business owners. That's why we've simplified the loan application process with our innovative WhatsApp-based application system. With just one application, you gain access to competitive loan offers from over ten lending partners. Our commitment to minimal documentation and quick turnaround times means you can focus on what matters most—growing your business. Enjoy competitive interest rates starting from as low as 1% per month, loans up to Rs. 50 Lakh, and flexible repayment options up to 60 months.
- PAN Card verifies the identity and financial history of applicants and their business associates.
- Aadhar Card ensures accurate, up-to-date identity verification.
Individual KYC:
- 6 months for current/savings accounts to assess cash flow and stability.
- 12 months for OD/CC accounts for a deeper financial overview.
Bank Statement:
- Proof of operational history through ITR, rent agreements, MSME registration, or GST registration, highlighting business stability.
Business Continuity/KYC:
- Mandatory for loans over 10 Lakhs, a 12-month statement showcases tax compliance and business scale.
GST Statement:
- Two-year requirement for loans over 10 Lakhs, providing a detailed look at financial health and tax adherence.
ITR (Income Tax Returns):
- Validates the business premises through documents like electricity bills, sale deeds, or rent agreements.
Ownership Proof:
- For partnerships/LLPs, partnership deed + PAN.
- For Pvt Ltd/Ltd, COI, PAN, MOA, AOA, and director/shareholder details confirm legal and operational status.
Company KYC:
These documents are integral to forming a complete picture of your business, ensuring EnKash Capital can efficiently process and approve your
Term Loans
application. By demonstrating your business’s stability, financial health, and compliance, you pave the way for a smooth financing journey.
FAQ
Disclaimer: EnKash Capital is a platform that connects businesses with different RBI-licensed NBFCs who are willing to offer lending options to the businesses. The loans offered on the platform are subject to the terms and conditions and loan approval process of the NBFC partners.
Why do businesses get term loans?
What are the types of business term loans?
Can businesses get tax exemptions for loan repayment?
How much funding can a business get through a term loan?
What's the application process like for a term loan?
What makes EnKash's term loan different from other options?
What documents do I need to provide?
What are the interest rates and repayment terms?
Do I need collateral to secure the loan?
How can I apply for the loan?
How Will Any Grievance Be Addressed?
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