Here are a few factors
|Business Vintage||2 Year|
|Minimum Turnover||40 Lac+|
|Loan Amount & Tenure||5
(12 month-24 month)
2. Line of Credit
|Rate of Interest & Type||22% to 30% (Reducing)|
|Foreclosure Charges||Nil after 6 month|
|Applicant Type||Any Self Employed Person|
|Whether Co-Applicant Mandatory||Yes, when applicant is other than individual or proprietorship firm|
|Proprietor Age/Co-Applicant Age||21 Year-58 Year|
|Part Payment Allowed||Yes|
|Whether Ownership Proof Required||Yes, Either Office or Residence should be owned in NCR|
|Business Registration Proof Mandatory||Yes|
2. GST Program-30 Lac
3. Income Program-30 Lac
|Product for Professionals||No|
|Negative Profile||Both Side Rented, School, Advocates, Jewellers, Share Traders, Liquor Business|
|USP||Supplier Finance to all Iron & Plastic retalted items merchants|
51% Shareholding required on Loan if applicant is LLP/Partnership
2. CIVIL Contractors are catious profile
Maxemo Capital Business Loan EMI Calculator
|Interest %||22 %|
|Emi (monthly)||₹ 9,359|
|Total Interest||₹ 12,313|
|Loan Amount + Interest||₹ 112,313|
|Year||Total Principal |
( A )
|Total Interest |
( B )
( A + B)
|Total Payment||Loan Paid Till Date (%)|
|₹ 22,994||₹ 5,083||₹ 28,077||₹ 77,006||22.99 %|
|₹ 76,999||₹ 7,232||₹ 84,231||₹ 7||99.99 %|
Documents Required for Maxemo Capital 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
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
Note : Maxemo Capital 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 Maxemo Capital Business Loan
In the business-driven world, time is of the essence. You are assured of a speedy and straightforward loan application process from Maxemo Capital. Bid goodbye to documentation headaches and welcome fast, flexible financing that won't hold you back.
Maxemo Capital assists your progress without hampering it with absurd interest rates. Here you will get competitive interest rates, providing you the financial freedom to concentrate on development and expansion.
Don't allow money to be a hurdle to your success. Apply for a Maxemo Capital business loan today and begin the first step towards realising your business goals.
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
You need at least a 650+ CIBIL Score to get approved for a business loan.
Your minimum turnover
should be at least Rs. 50 lakh.
Generally, they offer 22% to 30% interest rates.
Yes, you have to pay 5% of the loan amount as a processing fee.
Yes, it is mandatory to have a co-applicant.
disbursement gets completed within 2-3 days, sometimes it takes up to 7 days
after getting approved by the bank.
They will not take more than three days.
Yes, you will definitely be allowed to make partial payments.
They will give you 12 to 24 months as a repayment term.
Your age should be 21 Years to 58 years.
It is a term loan in actuality.
No, it is the same for all.
Of course, Maxemo will
check your CIBIL score because it is vital to consider whether you are eligible
or not for the loan.
For the loan amount of 5 lakh–30 lakh, the bank offers 12–24 months as a repayment term.
They will check your yearly revenue, credit history, CIBIL Score, and stable source of income; if they get positive answers on this, they will offer you a loan.