EMI Calculator

Apply for a loan, and you will be able to benefit from a decent and comfortable loan.

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Business Loan Features

Features and Benefits of our Business Loan

1. Swift Disbursal: Recognizing the urgency of business funding, we ensure rapid disbursal of loans. Small business loans can be approved and disbursed within three days, enabling your business to thrive without delays due to insufficient funds.

2. Minimal Documentation: To simplify the loan application process, we require minimal documentation. Say goodbye to extensive paperwork – our online platform allows you to submit business loan documents effortlessly.

3. Competitive Interest Rates: Committed to supporting small businesses in India, we offer competitive interest rates. This ensures that you can access financial assistance without the burden of exorbitant payments.

4. Flexible Tenors: Tailoring our services to your needs, we provide flexibility in choosing a repayment tenor. Whether you prefer a shorter or more extended period, you have the option to repay the loan over three years, accommodating your financial preferences.

Trust us for a seamless and efficient business loan experience that aligns with your business growth needs.

Business Loan Eligibility and Documents

Check out the Eligibility criteria for our Business Loan.

Eligibility Criteria for Business Loan:

Our business loan eligibility extends to self-employed individuals, proprietors, private limited companies, and partnership firms. Explore the details below to understand the eligibility criteria for our business loans:

 

1. Eligible Applicants:
  •  Proprietors
  •  Private Limited Companies
  •  Partnership Firms

 

2. Business Loan Eligibility Checklist:
  • Applicants should be self-employed. Professionals like doctors and CAs, as well as proprietorship concerns, are eligible.
  • A credit score (CIBIL) of 675 and above is required.
  • The business should have been in operation for a minimum of two years at the time of loan application.
  • The office location should not be on any negative list.
  • The business should not be classified under any list of blacklisted businesses.
  • Charitable organisations, NGOs, and trusts are not eligible for a business loan.

To determine your eligibility, you can check the business loan eligibility criteria online or contact Shivay Financial Consultant. 

Documents Required for Business Loan

The following documents are required in order to apply for a business loan from Shivay Financial Consultant: 

Photo Identity Proof (Any one):

  • PAN Card
  • Aadhar Card
  • Passport
  • Latest Passport Size Photo
  • Voter’s ID


Address Proof (Any one):

  • Aadhaar Card
  • Utility Bill (telephone, electricity, water, gas) – less than 2 months old
  • Passport
  • Driving Licence
  • Current and Permanent Address Proof


Proof of Income:

For Self-Employed Professionals / non-professional:

  • ITR Return for the last 3 years along with income of computation, Financial Report, Audit Report, P&L Statement and Balance Sheet.
  • GST Registration
  • GST Return of Last 2 years.
  • Current & savings Account Bank Statement of past 6 months.
  • 26AS of the latest 2 years

For Parntership Firm:

  • Partnership Deed
  • Shareholder Certificate
  • Director’s List and Director KYC
  • Firm’s PAN Card
  • 26AS of the latest 2 years

For Private Limited Company:

  • MOA
  • AOA
  • LOD
  • LOS
  • BRB
  • Director’s KYC
  • Company's PAN Card
  • 26AS of the latest 2 years

EMI Calculator for Business Loan

The monthly part-payment that you make to repay your Business Loan is known as an Equated Monthly Instalment (EMI). This monthly payment includes repayment of the principal amount of your loan divided over the period of the loan, with the agreed interest amount on the outstanding amount of your business loan. Shivay Financial Consultant online Business Loan EMI Calculator is essential to make an up-to-date decision to execute your Business Loan Plan at optimum levels. This EMI calculator online aids you to perform complex computing functions to calculate your Business Loan Equated Monthly Instalment accurately in an instant.

Fees and Charges for Business Loan

The fees and charges of Business Loan usually vary from lender to lender and from case to case. The aforementioned table will give you a fair idea of the fees and charges related to Business Loan:

Particulars Charges
Loan Processing Fees Upto 2% of the loan amount plus Taxes
Stamp Duty Charges Payable as per the state law
Rate of Interest Starting at 14.99%
Rack Interest Rate Range Minimum 10.00% and maximum 22.50%

Other fees and charges that lenders may levy on your business loan include documentation charges, verification charges, duplicate statement charges, NOC certificate charges and swap.

Business Loan Reviews

Gaurav Pal
Self Employee

I can't thank the loan company enough for their prompt and efficient service. From the moment I applied, the team guided me through the process seamlessly. The quick approval time exceeded my expectations, and their commitment to customer satisfaction is truly commendable.

Mohammed & Aashi
Sales Consultant

Choosing this loan company was a game-changer for me. Their transparency in explaining terms and conditions was refreshing. The interest rates were fair, and there were no hidden fees. It's rare to find a lending partner that prioritizes honesty and integrity. I'll definitely be recommending them to friends and family.

Vihaan
Finance Consultant

The loan company stood out for its personalized approach. The team took the time to understand my financial needs and offered a range of flexible options tailored to my situation. The communication was excellent, and they made the entire process stress-free. I appreciate your dedication to customer satisfaction and will be a returning client in the future.

FAQs

Shivay Financial Consultant provides a diverse range of loan options, including personal loans, home loans, and business loans, catering to various financial needs.
Applying for a loan with Shivay is easy. Simply visit our website, fill out the online application form, and our dedicated team will guide you through the process, ensuring a smooth and efficient experience.
Eligibility criteria may vary based on the type of loan. Generally, factors such as credit history, income, and existing financial obligations are considered. Contact our team for personalised assistance and guidance.
Shivay Financial Consultant is committed to a quick and efficient approval process. The turnaround time depends on various factors, but our goal is to provide you with a decision as promptly as possible, keeping you informed at every step.
Transparency is a core value at Shivay Financial Consultant. We believe in clear communication and have no hidden fees. All applicable charges and fees will be communicated to you upfront, ensuring complete clarity throughout your loan journey.

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