Finagg Supply Chain Business Loan

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Location 50Km from Branch
CIBIL Score 700+
Processing Online
Business Vintage 2 Year
Minimum Turnover 50 Lac+
Loan Amount & Tenure 1 Lac-50 Lac
(30 Days to 90 Days)
Loan Product (i) Sales Bill Discounting
(ii) Purchase Finance
Rate of Interest & Type 18% to 20% (Reducing)
TAT 3 Days
Processing Fees 2%
Foreclosure Charges Upto 4%
Applicant Type Any Self Employed Person
Whether Co-Applicant Mandatory Yes, when applicant is other than individual or proprietorship firm 
Proprietor Age/Co-Applicant Age 23 Year-65 Year
Part Payment Allowed Yes
Whether Ownership Proof Required No
Business Registration Proof Mandatory Yes, Minimum 18 month old GST registration required
Program Funding upto 60% of Invoice Value
Product for Professionals No
Negative Profile (i) New Buyer & Seller will not be entertained
(ii) Any buyer or supplier having rating less than BBB+
USP (i) Purchase Finance (ii) Sale Bill Discounting
Additional (i) For Purchase Finance/Sale Bill Discounting, supply should be from Brands
(ii) Buyer should be having minimum Credit rating BBB+

Finagg Supply Chain Business Loan EMI Calculator

Interest Type

Loan Amount

Interest Rate

%

Loan Tenure

Mo
Loan Amount100,000
Interest %18 %
Tenure (months)12
Emi (monthly)9,168
Total Interest10,016
Loan Amount + Interest110,016
YearTotal Principal
( A )
Total Interest
( B )
Balance
( A + B)
Total Payment Loan Paid Till Date (%)
23,3514,15327,50476,64923.35 %
Oct7,6681,5009,16892,3327.67 %
Nov7,7831,3859,16884,54915.45 %
Dec7,9001,2689,16876,64923.35 %
76,6515,86182,5120100.00 %
Jan8,0181,1509,16868,63131.37 %
Feb8,1391,0299,16860,49239.51 %
Mar8,2619079,16852,23147.77 %
Apr8,3857839,16843,84656.15 %
May8,5106589,16835,33664.66 %
Jun8,6385309,16826,69873.30 %
Jul8,7684009,16817,93082.07 %
Aug8,8992699,1689,03190.97 %
Sep9,0331359,1680100.00 %
Finagg Supply Chain Business Loan