Here are a few factors
|Location||50Km from Branch|
|Business Vintage||3 Year|
|Minimum Turnover||2 Cr-200 Cr|
|Loan Amount & Tenure||5
Lac- 50 Lac
(12 month- 36 Month)
|Loan Product||Only Term Loan No OD Limit|
|Rate of Interest & Type||18% to 22% Banking (Reducing)|
|Applicant Type||Any Self Employed Person|
|Whether Co-Applicant Mandatory||Yes|
|Proprietor Age/Co-Applicant Age||25 Year-65 Year|
|Part Payment Allowed||No|
|Whether Ownership Proof Required||Yes, Either Office or Residence should be owned within Lending Branch Location|
|Business Registration Proof Mandatory||Yes|
|Program||Banking Program-10 Lac, Income Program-25 Lac|
|Product for Professionals||No|
|Negative Profile||Both side Rented, Advocate, Real Estate, Share Traders|
No of Enquiries not matter
2. No. of running loan doesn't matter
|Additional||1. 51% Shareholding required on Loan if applicant is LLP/Partnership firm/Company|
U GRO Capital Business Loan EMI Calculator
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Documents required for U GRO Capital Business Loan
Let’s look into the eligibilities and 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 : U GRO 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 U GRO Capital Business Loan
With an in-depth comprehension of the issues that businesses come across, we have tailored services to meet your specific requirements. U GRO Capital is here to give you the specialized financial assistance you want, whether you are a tiny business with great goals or a well-known business looking to expand.
U GRO takes a business-centric approach; it takes the time to truly comprehend your vision, issues, and goals in order to create solutions that genuinely make an impression. U GRO Capital was founded on the pillars of reliability and transparency. Its dedication to honesty and integrity means that you can depend on them as a partner that will be by your side throughout each phase of the way, supporting your 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
UGRO Capital is a lending platform that employs data technology in a bid to address the credit deficit faced by small businesses in India. By leveraging a robust distribution network and data-technology methodology, the company provides both collateralized and non-collateralized business loans to Micro, Small, and Medium Enterprises (MSMEs) across diverse sectors.
The interest rates for a UGRO Capital Business Loan are contingent on various factors such as the borrower's profile, loan quantum, loan period, collateral security, among others. Rates typically fluctuate within a broad spectrum, which can be accessed after a comprehensive assessment of the aforementioned parameters.
The quantum of loans provided by UGRO Capital can extend up to a significant amount, subject to the individual's business needs and creditworthiness. The tenure for loan repayment is also flexible, extending up to a substantial number of years, offering borrowers the convenience of planning their repayments over an extended time frame.
Processing fees for a UGRO Capital Business Loan can be up to a certain percentage of the loan amount sanctioned, and these are non-refundable. The fees for part prepayment or loan foreclosure may vary based on the nature of the loan (secured or unsecured) and the loan tenure.
The necessary documents for a UGRO Capital Business Loan include various identification proofs for the business entity and its proprietors/partners/directors, the company's GST registration certificate, previous year's bank statements and income tax returns, and audited financial statements. Additionally, proof of business location and ownership, proof of collateral security (if applicable), and any other documents per UGRO Capital's discretion may also be required.
To apply for a UGRO Capital Business Loan, you may either choose to go through their online portal or use their mobile app. Additionally, you can also apply offline by visiting their branch or contacting their customer care. Once the application form is filled and the necessary documents are submitted, UGRO Capital will verify your details and assess your eligibility and creditworthiness. If the application is approved, the loan amount will be disbursed to your bank account.
UGRO Capital aims to deliver swift and hassle-free business loans to MSMEs by using their proprietary GRO Score model. They employ AI and machine learning techniques to generate data features, and match them with suitable products. Provided complete documentation is available, the loan approval process and disbursal can be completed within a single day.
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.