Explore Your Options
Edelweiss Business Loan
Edelweiss Business Loan
Powered By
Edelweiss Business Loan
Apply Now
Edelweiss Business LoanHere are a few factors
| Location | 50Km from Branch |
| CIBIL Score | 700+ |
| Processing | Offline |
| Business Vintage | 3 Year |
| Minimum Turnover | 1 Cr-100 Cr |
| Loan Amount & Tenure | 3
Lac- 40 Lac (12 month- 36 Month) |
| Loan Product | Term Loan |
| Rate of Interest & Type | Normal:19.50% to 23% IF DSCR>1-19%-23% (Reducing) |
| TAT | Sanction-3 Days Disbursement-7 Days |
| Processing Fees | 2% |
| Foreclosure Charges | 4% after 12 month |
| Applicant Type | Any Self Employed Person |
| Whether Co-Applicant Mandatory | Yes |
| Proprietor Age/Co-Applicant Age | 24 Year-65 Year |
| Part Payment Allowed | No |
| Whether Ownership Proof Required | Yes, either office or residence one should be owned within Lending Branch Jurisdiction |
| Business Registration Proof Mandatory | Yes |
| Program | Banking Program-20 Lac, Income Program-40 Lac |
| Product for Professionals | No |
| Negative Profile | Both Side Rented, School, Advocates, Jewellers, Share Traders, Liquor Business, Real Estate |
| USP | No Financial upto 20 Lac |
| Additional | 1.
51% Shareholding required on Loan if applicant is LLP/Partnership
firm/Company 2. Civil Contractor, Travel Profile are call base profile |
Edelweiss Business Loan EMI Calculator
Interest Type
Loan Amount
Interest Rate
Loan Tenure
| Loan Amount | ₹100,000 |
| Interest % | 19 % |
| Tenure (months) | 12 |
| Emi (monthly) | ₹ 9,216 |
| Total Interest | ₹ 10,588 |
| Loan Amount + Interest | ₹ 110,588 |
| Year | Total Principal ( A ) | Total Interest ( B ) | Balance ( A + B) | Total Payment | Loan Paid Till Date (%) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ₹ 23,263 | ₹ 4,385 | ₹ 27,648 | ₹ 76,737 | 23.26 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ₹ 76,742 | ₹ 6,202 | ₹ 82,944 | ₹ 0 | 100.01 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Required Documents to Apply for Edelweiss Business Loans
-
KYC of applicant & Co-Applicant
-
Last 3 year ITR with computation of income of applicant & co-applicant
-
Last 3 year audited balance sheet of applicant
-
Last 3 year Tax audit report of applicant
-
Last 12 month Bank Statement of applicant & co-applicant
-
26AS of last 2 year of applicant & co-applicant
-
Copy of GST registration
-
Copy of MSME registration
-
Copy of Last 12 month GST return
-
Sanction letter of all running loan
-
Debt Sheet
-
Latest utility Bill of residence if owned or rent agreement if rented
-
Latest utility Bill of Office if owned or rent agreement if rented
-
2 Reference with contact details
-
Last 3 year Debtors & Creditors on letter head
-
List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership firm/LLP
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
Note : Edelweiss Business Loan may ask for additional documents based on the applicant’s profile. The above list is for reference purposes only.
About Edelweiss Business Loan
Financial assistance is available from Edelweiss Business Loan to deal with multiple business cycles. Almost all company needs can be satisfied with an Edelweiss Business Loan. Without any type of security, you may get an Edelweiss Business Loan in the range of Rs. 3.5 lakhs to Rs. 50 lakhs. Small and medium-sized businesses can receive instant financing from Edelweiss Business Loan to aid in expanding their company. The interest rate for an Edelweiss Business Loan is determined by your creditworthiness, business revenue, ability to pay back the loan, and, last but not least, your score on the credit report. You also have access to a convenient EMI solution to pay back the loan for around 4 years.
Here are a few factors about Edelweiss Business Loan
Edelweiss Business Loan, formerly known as Ratnakar Bank, is an Indian private sector bank. It offers services across six verticals: corporate and institutional banking, commercial banking, branch and business banking, retail assets, development banking and financial inclusion, treasury and financial market operations. To meet short-term funding and working capital needs, Edelweiss Business Loan provides completely secured business loans. You can obtain money from the bank to expand your firm. The maximum loan amount granted by the Edelweiss Business Loan is up to Rs. 40 lakh with a repayment period of up to 36 months, and the interest rate on business loans ranges from 19.50% to 23% p.a. If you are looking to grow your business without worrying about the finances, then Edelweiss Business Loan is your way to go! You can easily avail of a business loan from Edelweiss Business Loan which is well supported by their dedicated team and staffs. They offer the most competitive interest rates in the market with a hassle-free documentation process. So, moving ahead let’s explore and find more about Edelweiss Business Loan.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
Generally, it takes 3 days to be sanctioned, and the disbursement period is up to 7 days.
You can get a loan from Edelweiss when your minimum turnover is Rs. 1 crore.
No, actually, the bank generally requires a business history of at least 3 years to sanction a business loan.
You will get a period of 12–36 months to repay your loan.
As of now, it is between 19.50 and 23.00%.
Yes, of course, there is an age limit.
You please speak to the bank directly, they will inform you everything you want to know.
Yes, the bank has been mandated to show the co-applicant’s details.
2 % of the loan amount you will be charged as a processing fee.
It should be at least 700+.
No, it is not fixed at all. It may be reduced after going through all the eligibilities and documentation provided by you.
Yes, you can. The age limit is 24- 65 Years to apply for this loan.
No, as of now, it is not required.
To assist businesses with their financial needs, financial organisations, including banks, credit unions, and online lenders, offer business loans. These financial resources can be used to launch a new company, grow an existing one, buy inventory or equipment, or cover other operating costs. Business loans often have predetermined conditions, interest rates, and time frames for repayment.
No, only partnerships, sole proprietorships, and closely owned private limited companies with respectable credit histories are eligible for these loans.
The email address for Edelweiss SME Lending is [email protected]. You can contact them through this.
ReferLoan is a Marketplace which connect Financial institutes with prospective users through its integrated approach. ReferLoan helps users to increase their CIBIL Score and finding the best Financial Products from the available Financial Institutions. ReferLoan is the only Market Place which helps the users to explore the opportunities in Debt as well as in Equity.
Copyright 2023 © Referloan.in.