Business Loan: Your Property Can Help Your Business

• Understanding a little more about Business Loan.
• Who is eligible for DCB Business Loan? Let’s check the eligibility criteria..
• DCB Business Loan.
• DCB Micro Business Loan.
• To Summarise.

Business loan is provided against the owners’ property. The Bank secures the loan against your residential or commercial property as collateral to lend the capital. Business Loans are secured against the appraised value of the property. The loan amount is determined by many factors that the Bank assesses. Cash flow income, appraised value, use of funds, valid documents, the loan amount required, legal check, credit bureau validation amongst other criteria. Banks have a well-defined procedure to duly assess the loan application. The business loan is a recommended option for those who own property and need a substantial amount of funds.

But the real question is, how do you know if Business Loan is the right option for you?

Let’s understand, why this option should be considered?

1. Whether you need funds for working capital requirement, business expansion, commercial property purchase or renovation, Business Loan can provide the financial support you need.
2. Business Loans often come with flexible tenure options, allowing you to choose a plan that fits the financial situation.
3. Compared with unsecured loan, a secured Business Loan generally offers a better loan interest rate. Since the loan is secured against the property, lenders are able to provide a favorable rate of interest.
4. While using the property as collateral (for the loan), ownership of the said property remains with you. The property can continue to be used as before while repaying the loan to the Bank.

In case, you are thinking of starting a business or scaling up an existing venture, DCB Bank offers DCB Business Loan and DCB Micro Business Loan with attractive features.

• Constitution of the borrower can be an individual, a proprietorship firm, a partnership firm, an Limited Liability Partnership (LLP), a private limited company or a closely held limited company
• Ownership of a property, residential or commercial is mandatory
• Minimum area of property
  • 226 square feet (sq. ft.) built-up for residential
  • 150 square Feet (ft) for commercial property
• Minimum age of the applicant must be 21 years at the time of submitting the application
• Age of property maximum 70 years

Tailored for businesses to fulfil funding or capital requirement, DCB Business Loan has benefits and features along with competitive interest rates. From business expansion, to manage operational costs or other business requirements, DCB Business Loan offers the financial support at the right time.

• Business Loan with high Loan To Value (LTV) proposition: DCB Bank assesses the ideal loan amount after careful evaluation of various factors. Amongst the factors considered are documented income and cash flow. The loan amount ranges from ₹2 Lakh to ₹3 Crore. High LTV proposition allows for loan value up to 80% of the appraised value of the property. The Bank engages experts to assess the parameters, it explains the features in detail, and works with the loan applicant to assess the business requirements and offers customisation as per the policies applicable. All this is done with empathy and speed so that distractions are minimised and you can continue to focus on the business.
• Competitive Loan Interest Rate: DCB Business Loan interest rates offered are competitive and designed to support small and medium-sized businesses.
•  Simplified application process: DCB Business Loan is straightforward with minimal paperwork. The Bank evaluates your property and other required documents to assess the eligibility criteria for the loan.
• Let’s Customise - Flexible Repayment Tenure: Choose the repayment tenure for the loan that suits your cash flow, making it easier to focus to growing the business.
• Loan Transfer Facility: Transfer your existing loan from another lender and receive additional perks, such as loan top-up options.
• Insurance Plan: DCB Bank can arrange attractive insurance plans offered from insurance partners to cover your debt in the event of an unforeseen event.
• Speed and Efficient, Quick Approval: Speed and efficiency both are important to you. Upon loan approval, DCB Bank ensures processing and disbursal of loan with minimum fuss, allowing you to use the funds when you need it most.

Please click here to apply for DCB Business Loan.

Under DCB Business Loan, DCB Micro Business Loan is a variant specifically designed for small-scale entrepreneurs. It offers quick access to funds by providing loan against your residential or commercial property, requiring minimal documentation. This loan is perfect for small business owners not having documented income proof.

• Secured Business Loan: For micro-business owners, wherein loan assessment is done basis cash flows, mortgaging your property can unlock a higher loan amount up to 60% of the property’s value, thus fulfilling the monetary requirements to grow your business. Loan amount ranges from ₹2 Lakh to ₹50 Lakh.
• Flexible Income Documentation: This loan is available for individuals owning small businesses who might not have formal income documents. DCB Bank has policies to evaluate such requirements with flexible income documentation for the loan. In such cases, individuals do not need to provide extensive financial documents to apply, making the process simpler for individuals.
• Income of Family Members: The Bank also takes into account the incomes of family members living together in order assess the value of the maximum loan amount.

Please click here to apply for DCB Micro Business Loan.

DCB Business Loan and DCB Micro Business Loan provide secure funding solutions for businesses, by making it possible for businesses to arrange critical funds against the value of the property. These loans, with flexible repayment terms, competitive interest rates, and high loan-to-value (LTV) ratios, fulfil a wide range of business needs, from working capital to business expansion. DCB Micro Business Loan is designed primarily for small-scale entrepreneurs and has minimal documentation requirements, making it accessible to people who do not have formal income documentation. Both these loans provide the financial support necessary to expand your business.

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