NBFC Business Loan Criteria for Small Business:
Minimum 1 Year IT Return
Minimum 1 Year Business Stability
Age : 21 Years or above
NBFC Business Loan Criteria for Audited Business:
1 Crore Plus Yearly Turnover
Minimum 2 Year Audited Report
Age : 21 Years or above
Prayosha Fincart offers business loans at the lowest EMIs starting from Rs.2,224.
Prayosha Fincart provides business loan offers through top multiple banks in India that offer Lowest Business Loan Interest Rates. Loan approval is subjective to the applicant's documents.
Simply by becoming a Prayosha Fincart member. Get personalised consultation on getting loans at the lowest rates.
Prayosha Fincart provides a business loan if your CIBIL Score is 650 or higher.
Once your application is submitted along with your documents, it can take anywhere between 1-7 days for your business loan to get approved and a couple of days after that for the disbursement. Prayosha Fincart helps to get instant loan approvals.
Disclosure: Loan tenure ranges from a minimum of 6 months to a maximum of 60 months (5 years), depending on the lender’s policies. The Annual Percentage Rate (APR) will be between 11.5% to 34% per annum, inclusive of interest rate and applicable charges. Processing fees may apply up to 2% of the approved loan amount. Representative Example, for a loan amount of ₹1,00,000 at an interest rate of 11.5% per annum for a tenure of 60 months (5 years), with a processing fee of 2% (₹2,000), the approximate EMI would be ₹2,301, the total interest payable would be approximately ₹38,059, and the total repayment amount would be approximately ₹1,38,059, resulting in an APR of approximately 14.41% including applicable charges. *T&C Apply. All these numbers are tentative/indicative, the final loan specifics may vary depending upon the customer profile and NBFCs’ criteria, rules & regulations, and terms & conditions. Prayosha Fincart Private Limited does not guarantee loan approval or disbursal. Terms & Conditions apply. Company Registered Address: 3rd Floor, Plot 28, Sy. No. 123/1, Parvati Nagar Co-op. Housing Society 2, Katargam, Surat, Gujarat, India, 395004