U GRO Capital Business Loan

 UGRO Capital functions as a data tech lending platform, leveraging a robust distribution network and data-tech methodology to bridge the credit gap for small businesses across India. Providing both secured and unsecured business loans, it caters to Micro, Small, and Medium Enterprises (MSMEs) in a variety of sectors.

 The loan amounts provided by UGRO Capital can be quite substantial, reaching as high as the equivalent of several million US dollars. As for loan tenures, the company offers a range, extending to a full decade.

 Processing fees for UGRO Capital Business Loans are calculated as a certain percentage of the loan amount sanctioned and are non-refundable. The fees for part prepayment or foreclosure can fluctuate, contingent on the nature of the loan (secured or unsecured) and the duration of the loan.

 Application for a UGRO Capital Business Loan can be done online through their website or mobile app, or by visiting their branch or contacting their customer care. You fill out an application form and submit the necessary documentation. Your application is then reviewed by UGRO Capital, which will verify your details and assess your eligibility and creditworthiness. If approved, you will receive a sanction letter outlining your loan amount, interest rate, tenure, and other terms and conditions. After accepting the offer and signing the loan agreement, the loan amount will be disbursed into your bank account.

 UGRO Capital has a commitment to a swift loan approval and disbursement process. While the exact timeline can vary based on the individual circumstances of the borrower, some loans may be approved within as little as 24 hours from the time all necessary documentation is submitted and verified. It's always best to check with UGRO Capital directly for the most accurate timeline based on your specific circumstances.

 UGRO Capital Business Loan offers a multitude of benefits to its customers. The loans are personalized according to the needs and sectors of MSMEs. They provide competitive interest rates and flexible payment options for the convenience of their clients. With their minimalistic documentation and prompt processing, they ensure a seamless borrowing experience. They employ a data-centric approach to assess creditworthiness and provide custom solutions. Their wide network and strong customer support further enhance the experience of their customers. They also maintain partnerships with various banks and NBFCs to provide continuous financing.

 UGRO Capital provides three primary types of Business Loans. The first is the Term Loan, which is a lump-sum amount repayable in fixed installments over a specified period and can be used for various business needs. The second is Supply Chain Finance, a short-term loan linked to the cash flow cycle of the business, intended to bridge the gap between the receivables and payables of the MSME. The third is the co-lending model, where UGRO Capital collaborates with banks or NBFCs to provide loans to MSMEs, effectively reducing the cost of funds and expanding the reach of credit.

 UGRO Capital Business Loan repayment can be done through several modes. These include electronic clearing service (ECS), post-dated cheques (PDCs), online transfer, or cash deposit at the branch. Moreover, UGRO Capital also provides flexible repayment options tailored to your cash flow situation.

 You can monitor the status of your UGRO Capital Business Loan application through various methods. You can do this online via their website or mobile app, or alternatively, you can reach out to their customer service or visit their branch to get an update on your application status.

 UGRO Capital's GRO Score model is a distinctive scoring model that leverages AI and ML techniques to rank customers based on their credit bureau and bank statement data. This model generates multiple data features from an applicant's bureau record and bank statement and compares them with banking and bureau scorecards to generate a comprehensive GRO Score. This score enables UGRO Capital to evaluate creditworthiness and provide custom solutions to MSMEs, leading to faster processing and disbursal of loans.

 UGRO Capital’s co-lending model provides multiple benefits. By co-lending with banks or NBFCs, it reduces the cost of funds for MSMEs and broadens the reach of credit. This partnership model also improves risk-sharing and portfolio diversification for lenders. For customers, it means more extensive coverage, lower interest rates, and more flexible lending terms.

Yes, UGRO Capital does provide loans to new businesses. The eligibility criteria may vary, and new businesses might need to demonstrate their potential through business plans, financial projections, and other means. It's always best to contact UGRO Capital directly to understand the specific requirements for new businesses.