Growth Source Business Loan

Here are a few factors

Product Rating

( 4.7 /5 )

Total - 363 ratings

Location 50Km from Branch
CIBIL Score 700+
Processing Offline
Business Vintage 3 Year
Minimum Turnover 2.50 Cr+
Loan Amount & Tenure 15 Lac -50 Lac
12 Month to 30 Month
Loan Product Only Term Loan No OD Limit
Rate of Interest & Type 19% - 21%(Reducing)
TAT Sanction-4 Day, Disbursement-7 Day
Processing Fees 2%
Foreclosure Charges 5% Fixed after 12 Months
Applicant Type Individual, Proprietorship Concern, Partnership Firm/LLP/Company/School/Hospital
Whether Co-Applicant Mandatory Yes ,In case of proprietorship concern female co-applicant is mandatory
Proprietor Age/Co-Applicant Age 25 Year- 65 Year
Part Payment Allowed Yes
Whether Ownership Proof Required Yes, Either Office or Residence should one should be owned.
Business Registration Proof Mandatory Yes
Program GST Surrogate upto 35 lakh ITR or Income upto 50 lakh
Product for Professionals No
Negative Profile Grain Traders, Advocates, Jewellers, Share Traders, GYM, Liquor, Real Estate
USP No Financial in GST Surrogate, Business Loan to School Also
Additional In Turnover Program Minimum Bank Churning 70% required

Growth Source Business Loan EMI Calculator

Interest Type

Loan Amount

Interest Rate


Loan Tenure

Loan Amount100,000
Interest %19 %
Tenure (months)12
Emi (monthly)9,216
Total Interest10,588
Loan Amount + Interest110,588
YearTotal Principal
( A )
Total Interest
( B )
( A + B)
Total Payment Loan Paid Till Date (%)
23,2634,38527,64876,73723.26 %
Oct7,6331,5839,21692,3677.63 %
Nov7,7541,4629,21684,61315.39 %
Dec7,8761,3409,21676,73723.26 %
76,7426,20282,9440100.01 %
Jan8,0011,2159,21668,73631.26 %
Feb8,1281,0889,21660,60839.39 %
Mar8,2569609,21652,35247.65 %
Apr8,3878299,21643,96556.04 %
May8,5206969,21635,44564.55 %
Jun8,6555619,21626,79073.21 %
Jul8,7924249,21617,99882.00 %
Aug8,9312859,2169,06790.93 %
Sep9,0721449,2160100.01 %
Right Documents - Easy Process

Documents Required for Growth Source Business Loan

Business loan eligibility is based on basic terms like CIBIL score, age, business turnover, and more that candidates must fulfil to avail business finance

Let’s look into the required Documentation to make your application process even smoother:

  • 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

1. KYC Means 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
For Co-Applicant
  • 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
2. If applicant is professional, then his professional degree is required

Note : Growth Source Business Loan may ask for additional documents based on the applicant’s profile. The above list is for reference purposes only.

About Growth Source Business Loan

Growth Source is a recently established new age financial institution. They are registered with the RBI as a Non-Deposit taking NBFC. They are one of the largest financial platforms to go live in India in the recent past, backed by marquee investors.

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.

Leave Your Question


Growth Source is a leading loan lending company that helps people get business loans on easy terms. Their business loan is curated to help businessmen make a significant investment in their business to grow.

The interest rate on the growth source business is around 19% to 21%. 

The maximum business loan amount that Growth Source lends 50 Lakh.

The repayment tenure for the Growth Source Business Loan is 12 to 30 months, which is common for both salaried and self-employed persons.

The top features of the Growth Source Business Loan are as no collateral is required, quick approvals, faster process, low processing fees, attractive interest rates, and flexible tenure.

You should have a turnover of at least 2.5 crore minimum.

Yes, You can apply. If you meet all the eligibility criteria, you will be approved for the required loan amount.

It is a term loan.

No, the terms of the loan are the same for everyone.

Yes, you will be allowed to make partial payments.