How to Improve Your Chances of Getting a Business Loan: Everything You Need to Know

Applying for a business loan doesn’t need to be a stressful process. Here are our top tips for making your business more attractive to lenders when applying for a business loan.   Perfect Your Business Plan  When it comes to traditional business loans, lenders want to understand your business plan fully before agreeing to lend…

Funding options for women entrepreneurs: Public Schemes

public schemes for women entrepreneurs

From operating a household to successfully running a business, women can do it all. Today, women make up 432M of India’s employed workforce and there are 50K women-owned startups operational in the country.  Women run successful businesses in rural and urban India, and in a survey by Google and Bain & Company, more than 45%…


Happy International Women’s Day from the Team at CreditEnable

International Women's Day

This international Women’s Day, we’re celebrating all the strong women in our lives – our mothers, sisters, daughters, relatives, partners, colleagues, and friends. No matter who you are, you’re surrounded by at least one such woman who has been there to inspire, encourage, and push you when you need it, and this day is all…


Business Loan Balance Transfer: What is it and can I use it?

business loan balance transfer

Have you ever found yourself in a situation where you’re repaying a loan, and you find another lender offering you better terms for the same loan? But you don’t want to apply for another loan even though you’re tempted to because you don’t want to be overleveraged? We can empathise! Many business owners find themselves…


What is Business Loan Insurance, and do I need it for my small business?

business loan insurance

You’ve heard of life insurance and health insurance, and there’s even insurance you can purchase for expensive assets like jewellery and property. But have you ever heard of Business Loan Insurance? Read on to learn more about Business Loan Insurance and why you should get it when you get business financing from a formal lender.…


Is there an age limit to get a business loan using CreditEnable?

age limit to get a business loan

If you’re thinking about getting a business loan, you’ve come to the right place. To get a business loan from a formal lender, you must pass some eligibility criteria before you get your loan. These eligibility criteria include your business sector, business vintage, annual business turnover, your credit history, your credit score, and your age.…


MSME Loan: What documents do I need to get a business loan?

MSME loan documents

Getting an MSME loan from a formal lender has become a lot easier, faster, and user-friendly over the last few years. Technology is helping with that. It used to take 4-6 weeks and multiple visits to the lender to get your loan, now you can apply for your business loan online and get your money…


How is an overdraft different from an unsecured business loan?

Overdraft different from unsecured business loans

If you’re a first-time borrower, you may be contemplating your options to cover your business funding requirements. As an SME, you can apply for a business loan with a formal lender who will offer you the loan at mutually agreed-upon terms. Both you and the lender sign a contract to ensure both parties follow through…


Interest Rate: What happens to it when you take multiple business loans?

business loan interest rates

Picture this – your business is growing, and you’ve decided to expand, but you need a business loan to do that. Based on your financial needs, current finances, and expansion plans, it may be difficult for you to find one lender who is willing to lend you your entire requested loan amount. In this case,…


What documents can I use as Proof of Business when I apply for an SME loan?

proof of business

If you’ve never applied for a business loan before, you may have some questions about the process – how it works, do you qualify, how long will it take, what is a credit score, what documents will you need, which lender do you apply with, among others. Here, we’re addressing your question about documents –…


How To: Apply for a business loan with CreditEnable

Business loan with CreditEnable

If you’re interested in applying for a hassle-free business loan, you’ve come to the right place! CreditEnable partners with 25+ leading lenders in India, including ICICI Bank, Kotak Mahindra Bank, Bajaj Finserv, and Lendingkart, to get you the best business loan at the most favourable lending terms! We’ve enabled Unsecured Business Loans in just 2-3…