Business loan best option?

Business loan best option?

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Deal Cadet
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Requirement:-
Requirement is actually not a fixed amount with the growth of business the amount will increase
1)Initial requirement will be just 50000- max 200000 but with growth of business i may need even more
2)No collateral
3)Feasible
4)Easy and comfortable emis
MY RESEARCH:-
Came to know about mudra yojana
Interest rate seems very cheap but the middle process is much corrupted
One of my uncle took it of 25L
Interest rate is 4.8% annually but agent charge is itself 2L
So thats way too wrong and if we go without any agent we all know how the process is so…..
Visited some sites to know about other loans
But never came off to a decision
Can anyone here suggest any feasible option available for me with no collateral nor any asset nor any income just a business to be started

10 Comments  |  
7 Dimers
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Deal Subedar
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Isn’t max limit of mudra loan 10 lakh rupees?

I have 4x limits (each limit is between 1.5 and 2 lakhs) under mudra. Got them because i am friends with bank manager

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Deal Cadet
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micke wrote:

Isn’t max limit of mudra loan 10 lakh rupees?

I have 4x limits (each limit is between 1.5 and 2 lakhs) under mudra. Got them because i am friends with bank manager

I too have many such doubts but the loan amount is 25 Lakh for sure

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Deal Cadet
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did anyone watch pagalpanti, haad movie banaya hai

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ramadesidime wrote:

If you have CC, take loan on CC.

Bhai woh feasible bhi nahi hai and emi me payable bhi shayad hi hai

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Deal Subedar
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isntitb149 wrote:

I too have many such doubts but the loan amount is 25 Lakh for sure

You can get mudra loan upto 25lakhs.
And you are right about commission/bribe amount too.
Those who process the files and hearing ( forgot the title of the civil officer ) are paid that sum along with banks manager.

You should apply through normal procedure first and try your luck.
There are plenty of chances you will get approved.

Not sure if they have downscaled the mudra loans as NPAs in mudra loans are mounting.

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