FinRize Finserv Pvt. Ltd provides access to well-curated business loans that attract a nominal rate of interest. Thus, you enjoy affordable EMIs throughout the loan tenor. Follow the listed table to view the interest rate and charges applicable on a business loan:
|Interest Rates||Starting From 1% Per Month|
|Processing Fee||1-2% of Loan amount|
|Loan Tenor||Up to 60 months|
|Pre-closure Charges||4% of principal outstanding amount + GST*|
|Eligibility Criteria||₹ 90,000 turnover for 3 months|
Note: *GST @18% will be applicable
To be eligible for the business loan, you must meet the following conditions:
The Minimum Annual Percentage Rate is 18% and the Maximum Annual Percentage
28% with a flexible repayment period of 5 years. Exception - We do not allow full repayment
30 days or less.
To calculate the details for a salaried customer availing the Business loan of 5 Lakh at an interest rate of 18 % ROI for 5 years, your EMI will range around 12,697.
Also, the lenders will charge a processing amount ranging around 2 % of total loan amount. In this case, the processing fee will be ….
Then, the total interest payable is ₹2, 61,803 and total amount payable is 5 Lakh.
Only you know what it takes to make your business stand. You do your part, we’ll do ours. At FinRize Finserv Pvt. Ltd, we are here to ensure that you will get your business loan, irrespective of your business idea, scale and set-up. Fund your business without collateral with an unsecured business loan by FinRize Finserv Pvt. Ltd. Expand your existing business with us.
Your business means everything to you. Irrespective of what your company looks like- Sole Proprietor, Partnership firm, Private Ltd Co., Trust / LLP in Manufacturing, Trading or Services, etc. we continue to offer the best business loan options to our customers as per their business requirement.
We have ties with multiple banks to prepare a list of business loan options that go well with
your business ideas. Pull off your business successfully with FinRize Finserv Pvt. Ltd, one of the
most reputed business loan finance companies. Funds can never be a problem when you are all set
to start your business. We are a one-stop solution available to business options!!!
Get loan options from different banks to enjoy the best business Loan Amount, Tenure, and EMI period options. Contact us to know more.