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Ashv Finance Business Loan
Ashv Finance is a technology-based financial institution that has been empowering many small businesses by offering collateral-free business loans for longer tenures as compared to other banks in the market.
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Ashv Finance Business Loan
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Ashv Finance Business LoanHere are a few factors
| Location | 50Km from Branch |
| CIBIL Score | 650+ |
| Processing | Offline |
| Business Vintage | 2 Year |
| Minimum Turnover | 3 Cr (Banking Program-1 Cr)- 100 Cr |
| Loan Amount & Tenure | 5
Lac-30 Lac (12 month to 36 Month) |
| Loan Product | Only Term Loan No OD Limit |
| Rate of Interest & Type | 18% -21%(Reducing) |
| TAT | Sanction-2
Days Disbursement-7 Days |
| Processing Fees | 2% |
| Foreclosure Charges | 4% |
| Applicant Type | Any Self Employed Person |
| Whether Co-Applicant Mandatory | Any Blood Relative if applicant is Individual or Proprietor for others applicable co-applicant |
| Proprietor Age/Co-Applicant Age | 25 Year- 65 Year |
| Part Payment Allowed | No |
| Whether Ownership Proof Required | Yes, Either Office or Residence should be owned & in any branch location |
| Business Registration Proof Mandatory | Yes |
| Program | Banking-Loan
up to 20 Lac (If Banking Turnover> 1cr) GST Surrogate-25 Lac Turnover-30 Lac |
| Product for Professionals | No |
| Negative Profile | Both
Side Rented, School, Advocates, Share Traders, Gym, Liquor Business, Real
Estate, SPA, Man Power, Aviation Sector, Coal Industry |
| USP | No Financial upto 20 Lac loan |
| Additional | 1.
Minimum 51% Shareholding required on Loan if applicant is LLP/Partnership
firm/Company 2. Auto Mobile Sector, Hotel & Restaurant are catious profile |
Ashv Finance Business Loan EMI Calculator
Interest Type
Loan Amount
Interest Rate
Loan Tenure
| Loan Amount | ₹100,000 |
| Interest % | 18 % |
| Tenure (months) | 12 |
| Emi (monthly) | ₹ 9,168 |
| Total Interest | ₹ 10,016 |
| Loan Amount + Interest | ₹ 110,016 |
| Year | Total Principal ( A ) | Total Interest ( B ) | Balance ( A + B) | Total Payment | Loan Paid Till Date (%) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ₹ 100,002 | ₹ 10,014 | ₹ 110,016 | ₹ 0 | 100.00 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Required Documents to Apply for Ashv Finance Business Loans
Documents Required
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KYC of applicant & Co-Applicant
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Last 3 year ITR with computation of income of applicant & co-applicant
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Last 3 year audited balance sheet of applicant
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Last 3 year Tax audit report of applicant
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Last 12 month Bank Statement of applicant & co-applicant
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26AS of last 2 year of applicant & co-applicant
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Copy of GST registration
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Copy of MSME registration
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Copy of Last 12 month GST return
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Sanction letter of all running loan
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Debt Sheet
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Latest utility Bill of residence if owned or rent agreement if rented
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Latest utility Bill of Office if owned or rent agreement if rented
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2 Reference with contact details
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Last 3 year Debtors & Creditors on letter head
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List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership firm/LLP
Some Important Points
If Applicant is
- Company-MOA, AOA, COI , PAN Card
- Partnership Firm/LLP- Partnership Deed & PAN Card
- Proprietorship Firm- PAN Card, Adhaar Card, Passport size photo
- KYC means Adhaar Card, PAN Card, Passport Size Photo
- Company : Directors
- Partnership firm/LLP : Partners
- Proprietorship Firm : Spouse of Proprietor
Note : Ashv Finance Business Loan may ask for additional documents based on the applicant’s profile. The above list is for reference purposes only.
About Ashv Finance Home Loan
Ashv Finance is a technology-based financial institution that has been empowering many small businesses in India. The main motive behind bringing Ashv Finance into the market was to minimize the financial barriers and make your business grow. They have been offering collateral-free business loans for longer tenures as compared to other banks in the market.
Benefits of taking a business loan from Ashv Finance
Below discussed are some of the key benefits of Ashv Finance business loans that attract customers a lot:
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They offer collateral-free business loans.
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They have hassle-free business loan processing along with minimal documentation.
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The loan amount gets disbursed in just 5 days.
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There are no hidden charges as the full application process is online.
Save Your Time with a Simple Loan Process
Visit Our Website
For the first step, you will have to visit our website to explore the loan options that fit your needs.
Select and Apply
Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.
Submit Your Document
One of the most important steps. Now you will have to submit all the required documents digitally.
Enjoy Your Financial Freedom!
Once your application is approved based on your eligibility, you will receive your loan amount shortly.
FREQUENTLY ASKED QUESTIONS
Below is the 9 different types of business loans being offered by Ashv Finance: Micro business loan Mansha loan Unsecured cluster business loan Banking surrogate Unsecured business loans GST surrogate Dukandar loans Secured cluster business loan Secured business loan
Below is some common uses of Dukandar loans with Ashv Finance: They help in meeting the capital requirements of the customer They maintain a healthy cash flow between the bank and the customer They help the customer in purchasing the required items for their business They help in paying the suppliers of the business in advance.
Yes, for every type of business loan, Ashv Finance offers different business loan amounts to its customers.
Ashv Finance offers business loans for 12 to 36 months.
The Minimum lending size and tenure of Ashv Finance business loan is (In Rs.)- 50,000(1 year) and the maximum is (In Rs.)-3,00,00,000 (5 years).
A business loan is a certain amount borrowed from any lender for the purpose of starting or expanding a business.
The minimum ROI of an Ashv Finance Business Loan is 18% per annum
The maximum ROI of an Ashv Finance Business Loan is 21% per annum
The highest loan amount you can avail with an Ashv Finance Business Loan is Rs. 30 Lacs
The minimum loan amount you can avail of with an Ashv Finance Business Loan is Rs. 5 Lacs.
The processing fee for the Ashv Finance Business Loan is between 2% of your loan amount.
The minimum repayment tenure of Ashv Finance Business Loan is 12 months.
The maximum repayment tenure of Ashv Finance Business Loan is 36 months.
Yes, you can apply for an Ashv Finance Business Loan anywhere from India as it holds PAN India access.
The required minimum business turnover to apply for an Ashv Finance Business Loan is Rs. 1 Crore.
To apply for Ashv Finance Business Loan your Minimum CIBIL score must be 650
No, to apply for an Ashv Finance Business Loan your Minimum CIBIL score must be 650.
Yes, to apply for the Ashv Finance Business Loan your Minimum CIBIL score must be 650
You can go to the official website of Ashv Finance or you can also switch to ReferLoan for an easy and smooth loan application process.
The acceptance of a low cibil score for Ashv Finance Business Loan differs from case to case.
The minimum required age to apply for an Ashv Finance Business Loan is 25
The maximum required age to apply for an Ashv Finance Business Loan is 65
Yes, the applicant must provide either office or residence ownership proof in any lending branch location to apply for an Ashv Finance Business Loan.
No, Ashv Finance does not offer an OD Limit on small-segment Business Loans.
If you are planning to apply for an Ashv Finance Business Loan, your business’s minimum vintage must be 2 years.
Any Self-employed individual can apply for an Ashv Finance Business Loan
Yes, it is mandatory to provide a Co-applicant to apply for an Ashv Finance Business Loan. The co-applicant should be any Blood Relative if the applicant is an Individual or Proprietor.
Yes, it is mandatory to provide Business Registration Proof to apply for an Ashv Finance Business Loan.
No, you can’t apply for an Ashv Finance Business Loan for a School.
No, any business of Real Estate is considered a negative profile in Ashv Finance Business Loan.
No, any business related to the Gym is considered a negative profile in the Ashv Finance Business Loan.
No, any business related to Liquor is considered a negative profile in the Ashv Finance Business Loan.
No, any business related to SPA is considered a negative profile in the Ashv Finance Business Loan.
No, any business related to the Aviation Sector is considered a negative profile in the Ashv Finance Business Loan.
No, any business related to the Coal Sector is considered a negative profile in the Ashv Finance Business Loan.
No, Advocacy is considered as an adverse profile in Ashv Finance Business Loan.
No, share traders are considered an adverse profile in Ashv Finance ( small segment ) Business Loan.
No, partial payment is not allowed in an Ashv Finance Business Loan.
The foreclosure charges on an Ashv Finance Business Loan is 4%
It is an unsecured loan so the applicant won’t need to provide any collateral.
o, Ashv Finance requires 51% shareholding on its small segment business loan if the applicant is an LLP/Partnership firm/Company.
Ashv Finance takes 7 days for the disbursement of a personal loan
Ashv Finance takes 2 days for the confirmation of a personal loan
Yes, you can apply for an Ashv Finance Business Loan online
The customer care number of Ashv Finance is 022 62492700
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