Banks and financial institutions in India often offer promotions and offers to attract new borrowers for their business loans. Some of the common promotions and offers include:
Low-interest rates: Banks may offer lower interest rates on business loans to entice borrowers.
Flexible repayment terms: Some banks may offer flexible repayment terms, such as longer loan tenures or partial prepayment options, to make the loan more affordable for borrowers.
Quick disbursal: Banks may offer quick disbursals of funds, allowing borrowers to access the loan amount faster.
Waived processing fees: Some banks may waive the processing fee for certain types of business loans, making it more affordable for borrowers to apply for the loan.
Collateral-free loans: Some banks may offer collateral-free loans, which means that the borrower does not need to provide any collateral to secure the loan.
Special offers for specific industries: Banks may offer special offers for specific industries, such as small businesses or startups, to help these businesses access the funds they need to grow and succeed.
It's important to note that these promotions and offers may be subject to change and may not be available at all times, so it's recommended to check with the bank directly for the most up-to-date information.