August 19, 2020
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WHY SHOULD I CHOOSE A SECURED BUSINESS LOAN?
Secured business loans are the most economical way to secure working capital, buy equipment or scale up operations for a business. You also unlock the monetary value of your asset in the process.
- In the event that you are unable to obtain an unsecured loan and you have a business owned asset you can pledge, a collateral business loan is the best option.
- Secured business loans in India are safe for the lender given the prevailing tightened lending norms. We are secure and can in some cases overlook personal guarantees.
- The interest rate is lower on the secured business loans in India.
- The tenure offered is also longer than what you would get for unsecured loans.
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