Following the corporate-lending binge of banks between 2008 and 2010, you: the Indian entrepreneurs and small business owners, are finding it harder than ever to get the personal loan you need to grow your stock, buy new inventory, hire new staff and expand your business.
Loans in India are more difficult to acquire than ever and 50% of Indians do not have access to banking services or even a bank account. With this in mind, how can you get the funds you need to make your startup a success?
Bitbond offers the best loans in India
Bitbond allows you to access working capital from around the world with the power of bitcoin. Specifically, loans in India will no longer be hampered by the thin spread of bank accounts, because bitcoin works completely independently of the banks.
What are the advantages?
Bitcoin is quite simply faster, cheaper and better than any alternative you have tried before. No other loans in India would allow you to access working capital from around the world within days, like Bitbond loans do.
Borrowing at Bitbond is also cheaper than any other loans in India, because there are no fees besides the one time origination fee, which is negligible compared to the fees charged by the banks.
Using bitcoin, investors from around the world can invest in your loan! No other loans in India would allow this, because the international transfer and exchange fees are simply too high. Using bitcoin technology however, these fees are circumvented.
Fees are lower and funding is quicker, but what about the interest rates?
Because Bitbond uses bitcoin technology, the huge overheads and costs associated with the banking system are sidestepped. This results in lower interest rates than with many other loans in India available today.
Specifically, interest rates start at 7.7%, which should be considered attractive on an unsecured loan. Furthermore, loan terms range from 6 weeks to 5 years, giving you the ultimate control over your cash-flow and repayments. Bitbond provides you with a handy repayment schedule which allows you to plan ahead and gives you more control than you would have with other loans in India.
Finally, because of the exchange rate pegged loans Bitbond uses, you are supported by the security of the dollar, while enjoying the speed and internationality of bitcoin. What this means in practice, is that you can choose to have your loan denominated in dollars, while still using the bitcoin payment network.