Question 1

What is the minimum business vintage required to apply?

Accepted Answer

Your business should be operational for at least 2 years in the same line of business.

Question 2

Do I need collateral or personal guarantee?

Accepted Answer

For unsecured business loans, no collateral is required. However, secured loans offer higher amounts with lower rates if you wish to pledge assets.

Question 3

What documents do I need to submit?

Accepted Answer

Essential documents include PAN, Aadhaar, GST certificate, last 12 months of bank statements, and 1-2 years of ITR. We keep the process simple; no lengthy paperwork or multiple site visits.

Question 4

Can I repay my loan early or make prepayments?

Accepted Answer

Yes, prepayment is allowed without penalties after completing 12 months* of regular EMI payments. You can adjust your repayment schedule as per your cash flow.

Question 5

What happens if I miss an EMI?

Accepted Answer

We recommend setting up automatic payments to avoid delays. Missing EMIs attracts penal interest and may impact your credit score. Contact our support team if you face cash flow challenges. We’re here to help find solutions.

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