Pricing
How We Assist
>>Discuss various Schemes of loan and suggest you the best one
>>Collect your documents and necessary information
>>Analysis your documents, if any changes required, we inform you
>> We Prepare project Reports as per the format accepted by the bank or government.
>> After completing everything a draft of application with all documents will sent to you for analyzing
>>After Your Approval
>>Submit to particular department or bank as applicable under various schemes approved by you.
>> Inform you once Loan is Approved.
Startup Definition (As defined by DIPP)
Startup means an entity, incorporated or registered in India :
- Upto a period of seven years from the date of incorporation/registration or upto ten years in case of Startups in Biotechnology sector
- As a private limited company or registered as a partnership firm or a limited liability partnership
- With an annual turnover not exceeding Rs. 25 crore for any of the financial years since incorporation/registration
- Working towards innovation, development or improvement of products or processes or services, or if it is a scalable business model with a high potential of employment generation or wealth creation.
Term Loan
These are provided for acquiring / constructing / installing / establishing capital assets, which will provide returns over a period of time. Term loans will also be repaid in regular payments over a period of time, as the asset generates returns. Term loans in India are provided for a tenure in-between 3 to 10 years based on the project, projected financials and other factors. The interest rate for the term loan will be based on the credit worthiness of the borrower and is usually a fixed spread over the banks base lending rate.
Loan without Collateral
The Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) Scheme provides a way for Entrepreneurs to obtain a bank loan of upto Rs.1 Crore without any collateral security.