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.
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.
Comments
Post a Comment