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Mas Finance Business Loan
Business Loan Interest Rates offered by Banks/NBFCs starts at 16% p.a. for the loan amount up to Rs. 2 crore that can be repaid with maximum repayment tenure of up to 5 years (may exceed as per business requirements).
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Mas Finance Business Loan
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Mas Finance Business LoanHere are a few factors
| Location | 50Km from Branch |
| CIBIL Score | 650+ |
| Processing | Offline |
| Business Vintage | 3 Year |
| Minimum Turnover | 1 Cr-300 Cr |
| Loan Amount & Tenure | 1
Lac-1 Cr (12 to 36 month) |
| Loan Product | Only Term Loan |
| Rate of Interest & Type | 19% to 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 | Lady Co-Applicant |
| Proprietor Age/Co-Applicant Age | 22 year to 65 year |
| Part Payment Allowed | Yes, after 12 month |
| Whether Ownership Proof Required | Yes, either office or residence one should be owned |
| Business Registration Proof Mandatory | Yes |
| Program | Banking Program-30 Lac, Income Program-1 Cr |
| Product for Professionals | No |
| Negative Profile | Advocates,
Jewellers, Share Traders, Gym, Liquor Business, Man Power Industry, Hotel & Restaurant, Aviation Sector, Real Estate |
| USP | 1.
Doing funding to Both Side Rented Applicant 2. No of Enquiries not considered 3. No of running loans not considered |
| Additional | 1.
Minimum 51% Shareholding required on Loan if applicant is LLP/Partnership
firm/Company 2. Grain Traders & Civil Contractor are catious profile |
Mas Finance 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 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Documents Required for Mas Finance Business Loan
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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 : Mas Finance 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 Mas Finance Business Loan
Your company's goals deserve the best fuel. You'll get the financial backing you need to expand, innovate, and enter new markets with MAS Finance Business Loans. MAS Finance is here with you on your journey, whether it's grabbing growth possibilities or dealing with unforeseen challenges.
With MAS Finance Business Loans, you may harness the power of financial assistance suited to your specific business needs. MAS Finance aims to deliver the money along with solutions that can assist your business to thrive as a loyal partner in your journey to success.
Cost management is critical for long-term growth. MAS Finance business loans have affordable interest rates, keeping your financial load bearable while you achieve your business ambitions.
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.
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