K&S Loan Mentors
K&S Loan Mentors is Financial Consultancy who consult their client as per their needs
K&S Loan Mentors is Financial Consultancy who consult their client as per their needs
Lowest Interest Rates – Calculate EMI – Check Eligibility – Instant e-Approval – Special Offers
A LOC is a credit facility that financial institutions, especially banks offer to businesses, governments, or individuals to get funds whenever required as per the set limit by the lending authority. A credit limit is set by the banks and the borrower can withdraw funds until the limit is reached. Banks also offer the facility to reuse the credit limit whenever required after repaying the amount withdrawn. The interests charged, the amount of credit given, and other terms & conditions are set by the lending authority. One can get this facility with or without collateral.
If want to apply for a Line of Credit, you must meet the following criteria.
| Age Limit | The applicant should be min 21 years & max. 65 years. |
| Income | Business should be profit making at least for the past 3 years |
| Turnover | Rs. 250,000 p.a. should be the minimum annual income |
| Co-applicants | Business should be profit making at least for the past 2 years |
| Audited | We accept only audited financials by CA. |
| Cash flow | On the other hand, we denounce with righteous indignation. |
| Type of the Business | Proprietorship, Partnership, Pvt.Ltd. or Public Ltd. |
If want to apply for a Line of Credit, you must have the following document.
Your entire borrowing process simple and user friendly You can get your loan funded in as little as 48 hours
We will customize a loan based on the amount of cash your company need term length
We will customize a loan based on the amount of cash your company need term length
We will customize a loan based on the amount of cash your company need term length
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Have questions? Here’re the answers.
There are two types of lines of credit i.e., secured and unsecured.
Yes, banks charge interest on credits given and that depends on the size of the line of credit and the borrower’s details.
Yes, lenders check credit scores before providing the line of credit facility.