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Recur Club Business Loan
Recur Club Business Loan
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Recur Club Business Loan
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Recur Club Business LoanHere are a few factors
| Location | Pan India |
| CIBIL Score | 650+ |
| Processing | Online |
| Business Vintage | 1 Year |
| Minimum Turnover | 1 Cr+ |
| Loan Amount & Tenure | 10
Lac-10 Cr ( 12 Month) |
| Loan Product | DOD Limit, Term Loan |
| Rate of Interest & Type | 16% to 20% (Reducing) |
| TAT | Sanction-3
Days Disbursement-3 Days |
| Processing Fees | 2% |
| Foreclosure Charges | 4% |
| Applicant Type | Any Startup, Tech Company or 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-65 Year |
| Part Payment Allowed | Yes |
| Whether Ownership Proof Required | No |
| Business Registration Proof Mandatory | Yes |
| Program | 1.
Banking (3 month Runway)-20% of Turnover 2. Future Receipt Base-20% of next 12 month future receipt |
| Product for Professionals | No |
| Negative Profile | Manufacturer |
| USP | 1.
Funding to Startup even if they are in loss 2. Funding to Tech base company 3. Funding to Service Provider & Traders |
| Additional | 1.If Startup is burning Cash- 3 month runway required |
Recur Club Business Loan EMI Calculator
Interest Type
Loan Amount
Interest Rate
Loan Tenure
| Loan Amount | ₹100,000 |
| Interest % | 16 % |
| Tenure (months) | 12 |
| Emi (monthly) | ₹ 9,073 |
| Total Interest | ₹ 8,877 |
| Loan Amount + Interest | ₹ 108,877 |
| Year | Total Principal ( A ) | Total Interest ( B ) | Balance ( A + B) | Total Payment | Loan Paid Till Date (%) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ₹ 23,530 | ₹ 3,689 | ₹ 27,219 | ₹ 76,470 | 23.53 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ₹ 76,471 | ₹ 5,186 | ₹ 81,657 | ₹ 0 | 100.00 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Required Documents to Apply for Recur Club 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
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 Recur Club Loan
With Recur Club Business Loans, you can enter a world of wonderful growth possibilities. Here, loans, like the ideal song, are intended to harmonize with your business goals, giving you the financial notes you require to construct a successful enterprise.
Recur Club is the partner you can rely on, with a reputation for dependability and a dedication to excellence. When you opt for a business loan, you have chosen financial support that is invested in the success of your company.
Recur Club Business Loans are the perfect complement to your business adventure, which is a composition ready to be played. Don't let financial constraints hamper your upward development.
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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