Fixed Term Loan

Fixed Term Loan

At BigMudra, we understand that businesses need financial support to grow, manage cash flow, or invest in new opportunities. A Fixed Term Loan is a perfect solution for businesses looking for a lump sum amount with a structured repayment plan.

What is a Fixed Term Loan?

A Fixed Term Loan is a loan where you borrow a specific amount and repay it over a set period with fixed monthly payments. This means your repayment amount stays the same each month, making it easier to plan your finances.

Get Financial Stability with Secured Fixed Term Loans

Secured fixed term loans offer the best combination of low rates and high loan amounts. By using your business assets as collateral, you unlock:

• Higher Loan Amounts: Access substantial funding for major business investments or expansion projects.

• Lower Interest Rates: Benefit from reduced rates thanks to the security provided by your collateral.

• Longer Repayment Periods: Choose extended tenures that match your business cash flow patterns.

Who Should Consider a Secured Fixed Term Loan?

Secured fixed term loans are ideal for established businesses planning major expansions, purchasing expensive machinery, or consolidating multiple debts into one manageable payment.

Quick Access to Funds Without Collateral Requirements

Unsecured fixed term loans provide reliable funding without putting your assets at risk. Perfect for growing businesses, these loans offer:

• Asset Protection: Keep your property and equipment safe while accessing funds.

• Faster Processing: Get approved quickly without lengthy asset valuation processes.

• Flexible Fund Usage: Use the money for equipment purchases, inventory, marketing campaigns, or operational needs.

Who Should Consider an Unsecured Fixed Term Loan?

Unsecured fixed term loans work best for businesses with strong credit scores and steady income streams seeking medium to long-term financing solutions.

Key Features of BigMudra Fixed Term Loans

1. Fixed Interest Rates: Your rate stays the same throughout the loan period, making budgeting easier.

2. Predictable Payments: Same EMI amount every month helps with financial planning.

3. Flexible Loan Amounts: Borrow from ₹5 lakhs to ₹10 crores based on your business needs.

4. Extended Repayment Terms: Choose repayment periods from 1 to 7 years.

5. Quick Approval: Fast processing ensures you get funds when you need them most.

6. Competitive Rates: Industry-leading interest rates based on your business profile.

Why Choose BigMudra for Fixed Term Loans?

• Tailored Solutions: We customize loan terms to fit your specific business requirements and cash flow patterns.

• Clear Communication: No hidden charges or surprise fees – everything is explained upfront in simple terms.

• Professional Guidance: Our loan experts help you choose the right loan amount and tenure for your business goals.

• Reliable Funding: Get the complete loan amount in your account quickly after approval.

Fixed Term Loan Eligibility Criteria

To qualify for a BigMudra fixed term loan, you need to meet these eligibility requirements:

• Age: 25-65 years (at the time of loan completion)

• Business Experience: Minimum 2 years of business operations

• Credit Score: 700 or higher preferred for best rates

• Annual Revenue: ₹1 lakh to ₹300+ crore depending on business size

• Business Types: Proprietorships, partnerships, LLPs, private limited companies, and registered businesses are eligible.

Required Documents for Fixed Term Loan Application

Have these documents ready for a smooth application process:

Calculate Your Fixed Term Loan EMI

Use our simple EMI formula:

Skip the complex calculations and use our BigMudra Fixed Term Loan EMI Calculator instead. Just enter your loan amount, interest rate, and repayment period to instantly see your monthly EMI, total interest cost, and complete payment schedule.

Simple Application Process

Getting your fixed term loan approved is easy with BigMudra:

• Apply Online: Click "Apply Now" and fill in your basic details

• Account Setup: Create your profile using your mobile number and email

• Loan Preferences: Choose your loan amount and repayment period

• Information Submission: Provide personal and business details

• Document Upload: Complete KYC and submit required documents

• Expert Support: Our team guides you through verification and approval

Ready to Get Your Fixed Term Loan?

Apply for a Fixed Term Loan with BigMudra today and achieve your financial goals with ease.

Charges and Fees

Frequently Asked Questions

1. What is a fixed term loan??
   A fixed term loan is a specific amount of money borrowed for a predetermined period with fixed interest rates and regular monthly payments. It's different from credit lines because you get the full amount upfront and pay it back in equal installments.

2. Can I get a fixed term loan without security?
   Yes! BigMudra offers unsecured fixed term loans that don't require any collateral. Approval depends on your credit score, business income, and repayment capacity.

3. Am I eligible for a fixed term loan?
   You're eligible if you have a registered business operating for at least 2 years, good credit history, and steady income. Final approval depends on document verification and our credit assessment.

4. How quickly can I get the loan amount?
   Once approved, fixed term loans are typically disbursed within 24-48 hours directly to your business bank account.

5. How do I calculate my monthly payment?
   Your EMI depends on the loan amount, interest rate, and repayment tenure you choose. Use our online calculator for accurate estimates before applying.

6. What's the maximum loan amount available?
   You can borrow up to ₹10 crores through our fixed term loan program, subject to eligibility and business requirements.

7. How long can I take to repay the loan?
   Fixed term loans offer repayment periods from 12 months to 84 months (7 years), giving you flexibility to choose terms that suit your cash flow.