I want to take a loan for my business.
If you want to go for a low-interest rate loan, there are certain criteria you will have to fulfill:
- You should have a good credit score. The higher, the better.
- Your business should be a well-established business (at least 2 to 3 years). This shows that the business will be able to stay and loan repayments will also be made.
- The industry your business is in also plays an important role. If the industry seems to be safe, you have a better chance at getting loans at low-interest rates.