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Credit Saison Business Loan
Credit Saison India, a tech-driven non-banking financial corporation, offers an array of loans and asset management services, including the Credit Saison Business Loan. This loan product is specially tailored for small and medium enterprises (SMEs) seeking funding for various business requirements like working capital needs or expansion initiatives.
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Credit Saison Business Loan
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Credit Saison Business LoanHere are a few factors
| Location | Delhi,
Mumbai, Bangalore, Chennai, Pune, Hyderabad, Jaipur, Jodhpur, Coimbatore,
Ahmedabad, Indore, Surat, Vijayawada |
| CIBIL Score | 680+ |
| Processing | Offline |
| Business Vintage | 3 Year |
| Minimum Turnover | 1 Cr+ |
| Loan Amount & Tenure | 10
Lac- 50 Lac (12 month- 36 Month) |
| Loan Product | Only Term Loan No OD Limit |
| Rate of Interest & Type | Income Program-18% to 19% Banking & GST Program-20%-22% (Reducing) |
| TAT | Sanction-3
Days Disbursement-7 Days |
| Processing Fees | 2% |
| Foreclosure Charges | 4% |
| Applicant Type | Any Self Employed Person |
| Whether Co-Applicant Mandatory | Yes |
| Proprietor Age/Co-Applicant Age | 24 Year-60 Year |
| Part Payment Allowed | No |
| Whether Ownership Proof Required | Yes, Either Office or Residence should be owned within Branch Location |
| Business Registration Proof Mandatory | Yes |
| Program | GST Program-25 Lac, Banking Program-25 Lac, Income Program-50 Lac |
| Product for Professionals | No |
| Negative Profile | Both
Side Rented Applicant, Grain Traders, Advocates, Jewellers, Share Traders,
Gym, Liquor Business, Real Estate |
| USP | 1.
No of Enquiries not matter 2. No. of running loan doesn't matter |
| Additional | 1. 51% Shareholding required on Loan if applicant is LLP/Partnership firm/Company |
Credit Saison 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 (%) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ₹ 23,351 | ₹ 4,153 | ₹ 27,504 | ₹ 76,649 | 23.35 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ₹ 76,651 | ₹ 5,861 | ₹ 82,512 | ₹ 0 | 100.00 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Required Documents to Apply for Credit Saison Business Loans
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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
Note : Credit Saison Business Loan may ask for additional documents based on the applicant’s profile. The above list is for reference purposes only.
Some Important Points
- 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
About Credit Saison Business Loan
Welcome to a world without restrictions, where you may pursue your entrepreneurial aspirations. Introducing the Credit Saison Business Loan, a driver of development, creativity, and resounding achievement in the business world.
Every note of growth and development matters in the composition of the business. With Credit Saison at its side, your company sets off on a journey driven by specialized finance solutions that recognize your particular requirements.
A Credit Saison Business Loan equips you with the means to realize your goals, whether they include starting new businesses or expanding existing ones.
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
Credit Saison Business Loan is a financial service offered by Credit Saison India, a tech-based non-banking financial institution. The loan is intended for SMEs seeking funds for working capital needs, business expansion, or other related purposes.
You can apply for this loan online. Visit the Credit Saison India website, complete the application form and provide your business details. This includes your business name, address, PAN, GSTIN, and bank account information. Documents like KYC, proof of business, and financial statements will also need to be uploaded.
Eligibility criteria include having a registered business (proprietorship, partnership, LLP, or private limited company), being operational for a minimum of 24 months, having an annual turnover of at least Rs. 1 Cr, a positive net worth and cash flow, as well as good credit history and score.
Interest rates start from 18% per annum. Other charges include a processing fee (up to 2% of the loan amount plus GST), penal/additional interest rate (2% per month on the overdue amount plus GST), and miscellaneous charges. Foreclosure charges vary based on the timing of foreclosure.
You can borrow anywhere between Rs. 10 lakh to Rs. 50 lakhs. The duration for the loan can vary between 12 months and 36 months.
Upon submission of your application and required documents, it usually takes about 48 hours. An approval decision is made within 24 hours and the loan amount is disbursed to your bank account within another 24 hours.
The loan can be repaid through monthly EMIs deducted from your bank account or through the online payment portal on the Credit Saison India website using your debit card, net banking, UPI, or wallet.
Your loan status and balance can be checked by logging into your account on the Credit Saison India website or app. You can also contact customer care via phone or email for any inquiries or issues.
Yes, prepayment or part payment is possible, though it may incur charges depending on the duration of your loan. You have the option to apply for this loan either online or by visiting the closest branch.
Post disbursement, neither the loan amount nor tenure can be altered. However, prepayment or part payment options are available.
Required documents include KYC documents of the applicant (and co-applicant, if any), proof of business, and financial statements of the last 12 months.
Some of the advantages include quick and easy access to funds, no requirement for collateral or a guarantor, flexible repayment options, low processing fees, a hassle-free process with minimal documentation, and a proprietary credit scoring model.
The drawbacks include a comparatively high interest rate, limited loan amount and tenure, strict eligibility criteria, a rigorous credit assessment, and potential late payment fees.
You can contact them through their customer care number, email the support team, visit the nearest branch, or write to the head office.
Feedback or suggestions can be submitted through an online feedback form on the Credit Saison India website or app, by rating and reviewing the app on Google Play Store or App Store, or by engaging with them on social media platforms like Facebook, Twitter, Instagram, and LinkedIn.
A business loan is a certain amount borrowed from any lender for the purpose of starting or expanding a business.
The minimum ROI of a Credit Saison Business Loan is 18% for the Income Program and 20% for the GST Program.
The maximum ROI of a Credit Saison Business Loan is 19% for the Income Program and 22% for the GST Program.
The highest loan amount you can avail with a Credit Saison Business Loan is Rs. 50 Lacs
The minimum loan amount you can avail of with a Credit Saison Business Loan is Rs. 10 Lacs.
The Credit Saison Business Loan processing fee is between 2% of your loan amount.
The minimum repayment tenure of a Credit Saison Business Loan is 12 months.
The maximum repayment tenure of the Credit Saison Business Loan is 60 months.
You can apply for a Credit Saison Business Loan if you are located somewhere in Delhi, Mumbai, Banglore, Chennai, Pune, Hyderabad, Jaipur, Jodhpur, Coimbatore, Ahmedabad, Indore, Surat, or Vijayawada.
The required minimum business turnover to apply for a Credit Saison Business Loan is Rs. 1 crore
To apply for Credit Saison Business Loan your Minimum CIBIL score must be 680
No, to apply for a Credit Saison Business Loan your Minimum CIBIL score must be 680.
Yes, to apply for the Credit Saison Business Loan your Minimum CIBIL score needs to be 680 only
You can go to the official website of Credit Saison or you can also switch to ReferLoan for an easy and smooth loan application process.
The acceptance of a low cibil score for a Credit Saison Business Loan differs from case to case.
The minimum required age to apply for a Credit Saison Business Loan is 24
The maximum required age to apply for a Credit Saison Business Loan is 60
Yes, either office or residence property should be owned at the branch location to apply for a Credit Saison Business Loan.
No, Credit Saison does not offer an OD Limit on Business Loans.
If you are planning to apply for a Credit Saison Business Loan, your business’s minimum vintage must be 3 years.
Any Self-employed individuals can apply for a Credit Saison Business Loan
Yes, it is mandatory to provide a Co-applicant to apply for a Credit Saison Business Loan.
Yes, it is mandatory to provide Business Registration Proof to apply for a Credit Saison Business Loan.
No, you can’t apply for a Credit Saison Business Loan if you have a business related to the gym.
No, you can’t apply for a Credit Saison Business Loan if you have a business related to Liquor.
No, any business of Real Estate is considered a negative profile in the Credit Saison Business Loan.
No, any business related to Jewellery is considered a negative profile in the Credit Saison Business Loan.
No, Advocacy is considered as an adverse profile in Credit Saison Business Loan.
No, share traders are considered an adverse profile in Credit Saison Business Loan.
No, grain traders are considered to have an adverse profile in Credit Saison Business Loan.
No, partial payment is not allowed in a Credit Saison Business Loan
The foreclosure charges on a Credit Saison Business Loan is 4%
It is an unsecured loan so the applicant won’t need to provide any collateral.
No, Credit Saison requires 51% shareholding on its business loan if the applicant is an LLP/Partnership firm/Company.
Credit Saison takes 7 days for the disbursement of a personal loan
Credit Saison takes 3 days for the confirmation of a personal loan
Yes, you can apply for a Credit Saison Business Loan online
The customer care number of Credit Saison is 1800-1038-961
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