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Growth Source Business Loan

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How To Apply
Product Rating

( 4.7 /5 )

Total - 363 ratings

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Processing

Online

No of Places where Online Portal Can be Access in One Time

Mail

TAT

Confirmation- 4 Days

Disbursement- 7 Days

PAN India

11 Location

Loan Amount

Minimum (In Rs.)- 1000000

Maximum (In Rs.)- 3500000

Tenure

Minimum (In Months)- 12 Month

Maximum (In Months)- 36 Month

Turnover Criteria

Minimum (In Lacs)- 1 Cr

Maximum (In Lacs)- 250 Cr

Growth Source Business Loan EMI Calculator

Interest Type

Loan Amount

₹

Interest Rate

%

Loan Tenure

Mo
Loan Amount₹100,000
Interest %20 %
Tenure (months)12
Emi (monthly)₹ 9,263
Total Interest₹ 11,161
Loan Amount + Interest₹ 111,161
YearTotal Principal
( A )		Total Interest
( B )		Balance
( A + B)		Total Payment Loan Paid Till Date (%)
₹ 55,909₹ 8,932₹ 64,841₹ 44,09155.91 %
Jun₹ 7,596₹ 1,667₹ 9,263₹ 92,4047.60 %
Jul₹ 7,723₹ 1,540₹ 9,263₹ 84,68115.32 %
Aug₹ 7,852₹ 1,411₹ 9,263₹ 76,82923.17 %
Sep₹ 7,983₹ 1,280₹ 9,263₹ 68,84631.15 %
Oct₹ 8,116₹ 1,147₹ 9,263₹ 60,73039.27 %
Nov₹ 8,251₹ 1,012₹ 9,263₹ 52,47947.52 %
Dec₹ 8,388₹ 875₹ 9,263₹ 44,09155.91 %
₹ 44,086₹ 2,229₹ 46,315₹ 5100.00 %
Jan₹ 8,528₹ 735₹ 9,263₹ 35,56364.44 %
Feb₹ 8,670₹ 593₹ 9,263₹ 26,89373.11 %
Mar₹ 8,815₹ 448₹ 9,263₹ 18,07881.92 %
Apr₹ 8,962₹ 301₹ 9,263₹ 9,11690.88 %
May₹ 9,111₹ 152₹ 9,263₹ 5100.00 %
Work Process

Start with Growth Source Business Loan in few steps

If you are planning to apply for a home loan at Growth Source Business Loan there are certain details that you should be aware of, Let’s discuss

01
Visit Our Website

For the first step, you will have to visit our website to explore the loan options that fit your needs.

02
Select and Apply

Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.

03
Submit Your Document

One of the most important steps. Now you will have to submit all the required documents digitally.

04
Enjoy Your Financial Freedom!

Once your application is approved based on your eligibility, you will receive your loan amount shortly.

Documents and Eligibility Required for Growth Source Business Loan

• CIBIL Minimum- 700
Accepted Bouncing in last 6 month- No
• Programme- GST Programme- NA
Average Banking Balance- NA Banking Turnover- NA ITR Based- NA Income Programme- NA
Ownership Proof- Owned Office/Residence- Yes One should be owned
Both Side Rented at the Business Place- Within 60Km Resi/Office should be owned Both Side Rented in India- No
• Age of Client (If Proprietor)- Minimum (In Year)- 23 (If Client is 18 year and his father is coming on loan then can do)
Maximum (In Year)- 60
• Funding to-
Whether Funding to School- Yes
Whether Funding to Grain Traders- No
Whether Funding to Advocates- No
Whether Funding to Bhatta Wala- No
Whether Funding to Jewelers- No
Whether Funding to Textile Industry- Yes
Whether Funding to IRON & Steel Industry- Call Based
Whether Funding to Share Traders- No
Whether Funding to Gym - No
Whether Funding to AutoMobile- Yes
Whether Funding to Liquor Business- Yes
Whether Funding to Man Power Industry- Yes
Whether Funding to Coal Industry- Yes
Whether Funding to Civil Contractor- Yes
Whether Funding to Hotel & Restaurant- No
Whether Funding to Aviation Sector- NA
Whether Funding to Travel- No
Whether Funding to Real Estate- No
• Minimum Churning Required-
• USP-
USP-1- NA
USP-2- NA
USP-3- NA
Additional- NA
• Docs Required- NA
• Rate of Interest- Minimum ROI- NA
Maximum Roi- NA
• Fore Closer ( Fixed / Flexible )- NA
• Single / Divorce- NA

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.

Leave Your Question

FREQUENTLY ASKED QUESTIONS

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 loan varies for salaried and self-employed individuals. The interest rate for self-employed people or entrepreneurs is around 18% to 21%. Whereas for the salaried people it is around 13% to 17%.

The maximum business loan amount that Growth Source lends again varies for salaried and self-employed individuals. For self-employed people, the maximum loan amount is 35 Lakh, whereas, for salaried individuals, it is 10 Lakh.

The repayment tenure for the Growth Source Business Loan is 1 to 5 years, 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.

Refer Loan is a Phy-zital Fintech that connects Lenders and Borrowers digitally as well physically. It provides a Financial Bouquet to the users with multiple Financial solutions. Its AI-based detailed comparison enables users to find the best financial product from the best financial institutions.

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