Business Loan in Jaipur: 5 Questions Lender May Ask While Applying


Personal interview is one of the important step after the filling up the loan application form by business owners, submitting those documents and proved eligible for the loan. Facing an interview is one of the business loan application process to avail for the business loan in Jaipur
During an interview the loan applicant should try their best to prove the financial stability of the business, your debt paying capability, cash flow track record and the collateral you are putting up to check the repayment capability of the applicant.




Business loan in Jaipur

Here are some commonly asked questions every business must fully prepare during an interview of business loan application in Jaipur:

1) Business Plan : What is your business plan is the foremost question lender ask to see whether he is investing in a profitable and innovative idea . Lender check the potential of the company and are interested in the business profit to ensure they manage proper cash flow and business are able to pay loan EMI’s

2) Need for money : Borrower should carefully apply for the money needed as they have to justify the breakdown of the money they will use at every stage of the business development . Right amount of application is one of the positive point for the borrower.

3) Loan Collateral : A question on the Business loan collateral is one of the important questions lender ask as the maximum of 60-70 % of the market value of the collateral is availed as a business loan. Lender ask this question so that they can recover the lend amount by selling the collateral even if the business faces the loss.

4) Past Records : Lenders ask for the company past records to check their potential to repay the loan amount. The lender wants to assure themselves whether they can lend company quite a big credit amount or not.

5) Credit Status : Every business owner or their partner has to explain their personal financial status to ensure lender the credit history and their discipline with their credit payments. Personal financial credit status includes credit score of the the loan applicant and their financial liabilities.  

Tips to handle the business Interview questions


ü  It is important to be confidently handle all the questions and answer interview questions successfully.
ü  Borrower must plan their business requirements well and build trust on yourself and your business.
ü  You should carry all the relevant documents and documents must support all your answers.
ü  Practicing mock interview and calmly facing the interview is a good way to be confident..
ü  Lastly presenting business strategies in a good way leaves a positive response on the application of your business loan.

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