Here are a few factors
|Business Vintage||2 Year|
|Minimum Turnover||10 Lac per month|
|Loan Amount & Tenure||5
(12 month to 15 month)
|Loan Product||Revenue Base Financing, Term Loan, Inventory Financing, Working Capital Demand Loan|
|Rate of Interest & Type||16% to 21% (Reducing)|
|Applicant Type||Any Pvt Ltd Company/LLP having Online Revenue, Any Startup with Online revenue|
|Whether Co-Applicant Mandatory||Yes|
|Proprietor Age/Co-Applicant Age||25 Year-70 Year|
|Part Payment Allowed||Yes|
|Whether Ownership Proof Required||No|
|Business Registration Proof Mandatory||Yes|
Base Financing-(2 Cr Max upto 12 month)
2.Term Loan-3 Cr Maximum 15 month, Inventory Financing-10Cr
|Product for Professionals||No|
The business which are not having online revenue generation
2. All applicant other than Company & LLP
Business which is having Online revenue generation
2. Any business which have raised Equity Capital
Minimum 51% Shareholding required on Loan if applicant is LLP/Company
2. Net worth must be positive for applicant
3. Minimum revenue should be 10 lac per month from last 6 month
Get Vantage Business Loan EMI Calculator
|Interest %||19 %|
|Emi (monthly)||₹ 9,216|
|Total Interest||₹ 10,588|
|Loan Amount + Interest||₹ 110,588|
|Year||Total Principal |
( A )
|Total Interest |
( B )
( 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 Get Vantage 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
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
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
Co-Applicant means in case of
- Company : Directors
- Partnership firm/LLP : Partners
- Proprietorship Firm : Spouse of Proprietor
Note : Get Vantage Business Loan may ask for additional documents based on the applicant’s profile. The above list is for reference purposes only.
About Get Vantage Business Loan
Making the most of chances is essential in the exciting world of entrepreneurship. With Get Vantage at your side, your business has access to quick, specialized finance solutions that quickly and precisely power your aspirations. The Get Vantage Business Loan is your accelerated path to expansion, innovation, and company success.
Consider a loan that stimulates the growth of your business rather than merely funding it. The Vantage Business Loan offers the financial resources you need to transform your ideas into real accomplishments, from expanding operations to embracing technological advancement.
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
Get Vantage Business Loan is a unique funding option designed for entrepreneurs focused on digital business growth. The financing model is revenue-based, implying your repayment amount will be a fraction of your forthcoming sales.
To apply for a Get Vantage Business Loan, you need to fill out a simple application form on their website and upload necessary documents. You will be notified about your approval status promptly and the funds will be transferred to your bank account within 48 hours.
To qualify for Get Vantage Business Loan, you should be a digital-first entrepreneur with an online product or service. An annual turnover of at least Rs. 40 lakhs, a CIBIL score of 700 or higher, and an operational business for a minimum of 3 years is required. Additionally, you must have submitted your Income Tax Returns for the past 2 years.
To apply for Get Vantage Business Loan, you will need your PAN and Aadhaar cards, a valid form of address proof (Driving License, Voter ID, Passport, or Registered rent agreement), a recent passport-sized photo, proof of salaried income (if applicable), proof of business vintage (like GST registration, trade license, etc.), bank statements of the last 6 months, and your Submissions of Income Tax Returns for the previous two years.
You have the option to apply for a loan amounting to Rs. 10 lakhs via Get Vantage Business Loan. However, the ultimate loan sum granted hinges on the functioning of your business and your repayment capacity.
Get Vantage Business Loan charges an interest rate between 9.35% and 10.35%. The specific rate you receive depends on your credit profile and the loan amount.
The repayment term for Get Vantage Business Loan is flexible and based on your business's sales performance. There's no fixed EMI or tenure, and you're able to repay the loan at your own pace, relative to your future sales.
Get Vantage Business Loan is repaid as a portion of your future sales. You choose the repayment percentage that fits your business requirements and goals, and the repayment amount will be automatically debited from your bank account each month.
No, Get Vantage Business Loan does not require any collateral or guarantor. It's an unsecured loan, meaning no assets or individuals are needed to back it.
Can I prepay or part-pay Get Vantage Business Loan? Yes, you can prepay or part-pay Get Vantage Business Loan at any time without incurring any penalties or charges. You also have the flexibility to adjust your repayment percentage as needed.
How do I verify my loan status and balance? You can check your loan status and balance by logging into your account on the Get Vantage website. If you need further assistance or have additional queries, their customer care team is available to help.
What are the advantages of Get Vantage Business Loan? Some of the perks of Get Vantage Business Loan include the absence of collateral requirement, flexible repayment options, a quick and straightforward application process, and the ability to tailor the loan to your business needs.
What are the downsides of Get Vantage Business Loan? Potential drawbacks of Get Vantage Business Loan include higher interest rates compared to secured loans, a limited loan amount relative to other lenders, and stringent eligibility criteria and documentation requirements.
How does Get Vantage Business Loan compare to other business loans? Get Vantage Business Loan distinguishes itself from other business loans by offering revenue-based financing, requiring no collateral or guarantor, offering flexible repayment terms, and specifically catering to digital-first entrepreneurs.
Who is an ideal candidate for Get Vantage Business Loan? Ideal candidates for Get Vantage Business Loan are digital-first entrepreneurs who sell products or services online, are in search of an uncomplicated financing solution, have a strong credit score and a thriving business, and are comfortable repaying the loan as a portion of their future sales.