If you’ve ever shopped around for a business loan, you may have heard the term “TAT” or turnaround time. The SME loan TAT is how long it may take to get your loan.
Nowadays, you come across a variety of TATs – ranging anywhere from hours to days. But why is there such a disparity in how long a lender may take to approve your SME loan?
Lenders start counting SME loan TAT from when they receive your complete application package, which includes your loan application and all the supporting documents they need to complete your credit assessment. The sooner you get your documents to them, the faster they can assess your business loan request!
Ready to get an Unsecured Business Loan in only a few days? CreditEnable can help – we have helped our SME customers get unsecured business loans ranging from Rs. 1 Lakh – Rs. 75 Lakhs at interest rates starting from 14% in just 2-3 days!
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