Fast disbursement: Banks will promptly pay out a business loan, removing any concern you may have about activities ceasing or expansion plans being postponed due to a lack of funding. For example, HDFC Bank offers its Business Growth Loan to a select group of customers, who can receive up to Rs 50 lakh in business loans within 48 hours.
Very little documentation One advantage of business loans is that obtaining them doesn't require a ton of paperwork. In reality, certain clients are able to obtain loans for anything from working capital requirements to expansion needs without the need for any kind of security, collateral, or guarantee. Certain banks will also provide doorstep services.