Click Here Below To Apply Loan
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Features
🔵 Loan Amount Upto 10 Lakhs.
🔵 Lowest Interest Rates.
🔵 Higher Support
🔵 Fully Digital Process
🔵 Top performing NBFCs Bank
🔵 Collateral Free for your Business Loan
🔵 Flexible Tenure 12 to 36 months.
About the Product
🔵 Target Business- Sole Proprietorship/Individuals
🔵 CIBIL Based Loan- up to 2 Lac
🔵 Loan Amount- 50k to 10 Lac
🔵 CIBIL Score- 680+ (Accepted some cases)
🔵 CIBIL Score - 700+ (Recommended)
🔵 Customer should not be ABFL’s existing BL customer in last 6 months
🔵 No EMI Cheque Bounce, No Loan Settlement in last 6 months
🔵 Age-21 to 65 (at maturity)
🔵 Rate of Interest- 17% to 28%
🔵 Ownership is compulsory in Pan India
🔵 Sales Turnover : > 5 Lakhs for last 6 months
🔵 Atleast 1 Business Credit in Bank Statements
🔵 Minimum Equiry- 4 Equiry Acceptable in Last 2 month
🔵 Business Vintage-1 year Old Stability (GST/Udhyam/Last 2 years ITR/ CharterAcc
Verified)
🔵 Udhyam/Udyog Consider as a Business Vintage
🔵 Above 5 Lac to 10 Lac- 3 years Business Stability
🔵 Eligibility Basic- Banking/GST
🔵 Loan Amount Decision- Basic on VPD (Video Personal Discussion)
And Business Banking Transaction and Vendor Physical Discussion
🔵 Minimum Average Bank Balance - 10,000+
🔵 Shop and Residence Physical Verification Mandatory
🔴 Industry Category Check - Green (positive) or Red(negative) or Yellow (amber [pending from policy] doable)
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Documents Required for Loan
🔹 Aadhar Card
🔹 Pan Card
🔹 Business Proof (at least 1 year old, GST, Udhyam, Ghumastha, Shop
Act, Food License, etc.)
🔹 Last 6-month bank statement
( Bank Statement Dates should be Starting From 1st Date till 31 date : In 6 months)
🔹 Pin code Check
For Eligibility Criteria
🔵 Check Industry
🔵 1 year old generated Udhyam, GST, etc. (Other Business Certificate)
🔵 Ownership
🔵 Bank Statement Check
Observation noted at the time of visit:
🔴 Name Board Seen at Shop during visit.
🔴 Activity of business seen during visit.
🔴 Stock seen during visit at shop.
🔴 Customers seen at shop.
🔴 1 Employee seen during visit.
🔴 Visited premises is located in Residential Area.
🔴 Third-party check is done from neighbours and they know about applicant and his
shop very well.
Tags
Business Loan