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Get Business Loans Online Instantly

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Get Business Loans Online Instantly

For business owners in India, business loans are one of the top ways to procure external funds for growth. And it’s easy to see why.

For one, business loans are flexible; they can be used to expand a business in multiple ways. This can mean meeting cash flow requirements, purchasing new equipment, hiring staff, or spending on marketing.

What makes business financing an especially attractive option is the fact that lenders today offer a smooth online application process along with convenient repayment options. If you wish to apply for a business loan online and secure one instantly, keep reading.

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How To Get a Business Loan Instantly

1. Fulfil the Eligibility Criteria

The first step towards securing a loan is checking your eligibility. While most lenders have similar eligibility criteria, the actual terms will depend on the lender you approach.

Here are some standard eligibility criteria prescribed by most lenders:

  • Minimum annual turnover of a certain amount – usually INR 1 crore
  • Business profitability over a certain period of time – usually 3 years or more
  • Borrower age range within 25 – 70 years
  • The business’ past payment history with a minimum 12-month clean track
  • Business vintage

2. Keep Updated Documentation Ready

Lenders typically ask for identity proof, KYC documents, ownership proof, bank statements, and recent financial statements to check your eligibility and evaluate your repayment capabilities. For a smooth application process, make sure you have these documents ready when you apply for a business loan online.

Most lenders ask for the following documents:

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  • Application form along with a passport-sized photograph
  • ITR records of the present and past financial years and business continuity proof, such as a company PAN card or GST registration
  • Financial statements
  • Constitutional documents
  • Ownership proof
  • KYC documents: Valid identity/Address/Date of Birth/Signature Proof
  • Details of running loans – if any

3. Fill Out the Application Form

Visit your lender’s website and find their business loan application form. Enter your updated personal details. Do make sure all the information you add is correct. This will reduce the probability of your application getting rejected due to incomplete or incorrect information. Now, the portal will prompt you to upload your documents.

4. Submit the Documents Online

Add digital copies of all required documents and submit them. Now the lender will check your application and verify all the documents.

5. Wait for Confirmation

After you submit your documents, the lender will contact you by email or telephone. If the documents submitted meet all the stipulated requirements upon verification, the lender will be in touch to discuss the specifics of the loan, such as the amount needed, the interest rates, and your chosen tenure, among other things.

Apply for a Business Loan Online

Thanks to technology, applying for a business loan has become a straightforward, hassle-free process. Given that the entire process is online, there’s virtually no waiting time involved during the application process. And perhaps the most convenient part is that you may always apply for a business loan online – from anywhere and anytime – from the comfort of your home or place of work.

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Remember, not all banks offer instant loans. So, do your research and choose a banking partner that offers this service, along with instant disbursals.

Additionally, choose a bank that offers prompt customer service. Doing so means you can reach out to the bank in case of any concerns during the application process or after. And you can rest assured that your bank will respond quickly.

If you have found a lending partner that meets these specifics, apply for a business loan online today!

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Business

Mona Patel Net Worth 2024: How Much is the Entrepreneur and Philanthropist Worth?

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Mona Patel Net Worth 2024: How Much is the Entrepreneur and Philanthropist Worth?

Who is Mona Patel?

Mona Patel, a renowned entrepreneur and philanthropist, has captured headlines with her remarkable achievements. Hailing from Vadodara, Gujarat, India, Patel embarked on her journey to the United States at a young age to pursue her entrepreneurial aspirations. She is a trailblazer in various fields, including business, education, and philanthropy. Her dedication to empowering women and supporting meaningful causes has earned her widespread recognition.

Mona Patel Career

Remarkable achievements and relentless dedication mark Patel’s career trajectory. She holds an impressive array of qualifications, including a Bachelor of Science degree in Computer Science from Gujarat University, a Master of Science degree in Real Estate and Finance from the University of Florida, and a Master’s degree in Business Administration from MIT Sloan School of Management, among others.

Her professional journey includes pivotal roles in esteemed organizations such as Creative Choice Group, Select Radiology, Monalisa Properties, Teliradx, HauteX Ventures, M1 Imaging, CareFirst Imaging, Culture For Cause, and RadXai. As the Co-Founder, CEO, and CFO of various ventures, Patel has demonstrated exemplary leadership and innovation, contributing significantly to the business landscape.

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Mona Patel’s Net Worth

As of 2024, Mona Patel’s net worth is estimated to be approximately $1.2 billion. This substantial wealth is a testament to her entrepreneurial acumen and strategic investments across diverse sectors. Patel’s multifaceted business ventures have not only propelled her financial success but also enabled her to make a meaningful impact on society through philanthropy and social initiatives.

Mona Patel Age

Born on April 28th, Mona Patel’s age aligns with her dynamic personality and visionary leadership. As a Taurus by zodiac sign, she embodies qualities of determination, resilience, and creativity, which have been instrumental in her journey to success.

Mona Patel Family: Husband

In her personal life, Mona Patel shares a fulfilling relationship with her husband, Chintan Desai, a successful businessman. The couple exchanged vows on November 29th, 2007, and their enduring bond is evident through their cherished moments shared on social media.

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Mona Patel Height and Weight

While specific details regarding Mona Patel’s height and weight are not readily available, her towering achievements in business and philanthropy speak volumes about her stature as a dynamic leader and role model.

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Net Worth

David Yong Net Worth 2024: How Much is the CEO of the Singapore-based Evergreen Group Holdings Worth?

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David Yong Net Worth 2024: How Much is the CEO of the Singapore-based Evergreen Group Holdings Worth?

Who is David Yong?

David Yong is the CEO of Evergreen Group Holdings, a prominent Singaporean businessman, lawyer, and K-pop artist. He owns over fifteen firms spanning various industries, including wood, real estate, food and beverage, lifestyle, and finance.

David Yong Career:

Yong began his career as a trainee lawyer before joining his family’s firm in 2014. He oversees over fifteen companies, diversifying his father’s company with a strong focus on the Indochina region under the corporate umbrella of Evergreen Assets Management.

David Yong’s Net Worth:

David Yong’s estimated net worth in 2024 is $16.7 million. His wealth stems from reported shares across multiple companies, including Processa Pharmaceuticals, Inc., and QUESTCOR PHARMACEUTICALS INC. He also owns fifteen homes in Asia and holds $90 million in cash.

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David Yong Age:

David Yong is 36 years old.

David Yong Family: Parents:

Yong’s father is Yong Ing Fatt, who laid the foundation for the family’s timber logging business in Indochina. David followed his father on business trips and learned the ropes of the industry from a young age.

David Yong Height and Weight:

There is no specific information provided regarding David Yong’s height and weight in the referenced content.

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Net Worth

Mohammed bin Salman Al Saud Net Worth 2024: How Much is the Crown Prince of Saudi Arabia Worth?

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Mohammed bin Salman Al Saud Net Worth 2024: How Much is the Crown Prince of Saudi Arabia Worth?

Who is Mohammed bin Salman Al Saud?

Mohammed bin Salman, born on August 31, 1985, in Jeddah, Saudi Arabia, is the Crown Prince and Prime Minister of Saudi Arabia. He holds significant global influence and is known for his authoritative leadership stance.

Mohammed bin Salman Al Saud’s Career

Mohammed bin Salman’s career trajectory is notable. He graduated with a Bachelor’s Degree in Law and ventured into various entrepreneurial endeavors before becoming a formal advisor to his father, who was then the governor of Riyadh. Over the years, he ascended through political ranks, eventually becoming the Crown Prince and Prime Minister of Saudi Arabia.

Mohammed bin Salman Al Saud’s Net Worth

Mohammed bin Salman’s net worth has been a topic of interest and contention. While figures vary, estimates suggest his net worth is in the billions, with some sources citing figures around $5 billion and others suggesting figures exceeding $25 billion.

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Mohammed bin Salman Al Saud Age

As of 2024, Mohammed bin Salman is 39 years old, born on August 31, 1985, in Jeddah, Saudi Arabia.

Mohammed bin Salman Al Saud Family: Wife and Children

Mohammed bin Salman is married to Sara Bint Mashoor bin Abdul Aziz Al Saud, with whom he shares five children—three sons and two daughters. His family holds significant positions within the Saudi royal lineage, with Sara Bint Mashoor’s heritage tracing back to King Abdulaziz.

Mohammed bin Salman Al Saud Height and Weight

Mohammed bin Salman stands at a height of 6 feet 0 inches (183 cm), earning him the affectionate nickname “The Tallest” among his contemporaries. However, specific details about his weight are currently unavailable.

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