LegalOnlineCash.Co: In recent times, obtaining a loan of 50 lakhs has become much more accessible than it was before. With the advent of digital banking and financial technology, many banks and financial institutions have simplified their lending processes and made it easier for people to access loans.
Moreover, competitive interest rates and flexible repayment terms have made it possible for individuals to fulfill their financial goals, whether it is buying a home, starting a business, or funding higher education. In this day and age, getting a 50 lakh loan is no longer an arduous task, and anyone can apply for it with LegalOnlineCash.
About Legal OnlineCash.Co
Legal Online Cash is one of India’s leading financial institutions that offers a variety of financial products and services to its customers. One of the products offered by LegalOnlineCash.Co is business loans, which can be used for a variety of purposes. In this article, we will provide a comprehensive overview of LegalOnlineCash.Co business loans, including their features, benefits, eligibility criteria and application process.
Features of Business Loans from LegalOnlineCash.Co
LegalOnlineCash.Co (https://legalonlinecash.co/) offers business loans ranging from Rs. 10 lakh to Rs. 50 lakh, allowing borrowers to choose a loan amount that suits their needs.
The repayment period for LegalOnlineCash.Co business loans can be anywhere from 1 to 20 years, depending on the borrower’s preference and financial situation.
Legal Online Cash promises to disburse business loan amounts within 24 hours of loan approval, which is an important feature for businesses that need funds quickly.
Flexible Interest Rates
LegalOnlineCash.Co offers flexible interest rates on its business loans, allowing borrowers to choose between fixed and floating rates. Borrowers can also choose the tenure of their loan, which affects the interest rate they will pay.
LegalOnlineCash provide financial guidance up to 50 lakh at a 8% rate of interest with minimum @8.5% to maximum @9.5% APR, and a minimum 1 years to maximum 20 years repayment facility without any processing fees.
The Loan Amount is 10,000, Interest Rate is 8% p.a, and Loan Period is 1 Year. Then the total repayment amount after 1 year is 10,000 + 800(8% ROI) = Rs 10,800
LegalOnlineCash.Co business loans are unsecured, which means borrowers do not have to provide any collateral to secure the loan.
Benefits of Business Loans from LegalOnlineCash.Co
#1. Quick and Easy Application Process:
Legal Online Cash has a quick and easy application process for business loans. Borrowers can apply online or by visiting a Legal Online Cash branch. The application process requires minimal documentation and can be completed in just a few minutes.
#2. Flexible Repayment Options:
Legal Online Cash offers flexible repayment options to its business loan customers, allowing them to choose the best repayment plan to fit their financial situation. Borrowers can choose to pay back the loan in small EMIs over a longer period of time or opt for larger EMIs over a shorter period of time.
#3. Minimal Documentation:
LegalOnlineCash.Co requires minimal documentation for business loans, making the loan application process quick and easy. The company requires borrowers to provide basic personal and financial information, along with proof of income and identity.
Eligibility Criteria for Business Loans from LegalOnlineCash.Co
- Business Age: The minimum age for a business applying for a loan from Legal Online Cash is 3 years.
- Annual Turnover: The business should have a minimum annual turnover of Rs. 1 crore to be eligible for a loan from LegalOnlineCash.Co.
- Profitability: The business should be profitable for the last two years to be eligible for a loan from LegalOnlineCash.Co.
- Credit Score: A good credit score is necessary for loan approval. LegalOnlineCash.Co considers other factors such as business profitability, payment history, and existing debt when evaluating loan applications.
Application Process for Business Loans from LegalOnlineCash.Co
Borrowers can apply for a business loan from LegalOnlineCash.Co in three ways:
- Call the Customer Care Center: Borrowers can also call the company ‘s customer care center to apply for a business loan. The customer care representatives will guide them through the loan application process and answer any questions they may have.
- Apply Online: Borrowers can also apply for a business loan online through the company ‘s website. They will need to provide their business and financial
LegalOnlineCash.Co business loans offer a wide range of features and benefits, making them a popular choice among entrepreneurs and business owners. The flexible repayment options, quick disbursal, minimal documentation requirements and competitive interest rates make it an attractive option for those in need of financial support.
The eligibility criteria are straightforward, and the company offers three easy ways to apply for a business loan, making it a hassle-free process. Legal Online Cash has a reputation for being a reliable and trustworthy financial institution, and with their business loans, they continue to deliver on their promises to support the growth and development of small and medium enterprises in India.