Business Loan

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Business Loan

Business Loan for Individuals is a loan offering for existing customers and is designed to assist ambitious business owners who are looking to expand their business. The objective is to fuel their growth and help them achieve their goals.

Key Benefits Of This Service

FEATURESATTRIBUTES
Loan Amount
  • Minimum amount is INR 10,000
  • Maximum amount is INR 49,000
Age of Applicant
  • Between 18 to 58 years
Loan Tenure
  • Maximum 24 months
Security
  • Group guarantee
Processing Fee
  • 0 – 2% plus applicable GST
Interest Rates
  • Enjoy highly competitive interest rates ranging from 18% – 22% p.a.

Required Documents : 
Primary ID: Aadhaar,
Secondary ID: PAN card / Form 60
In case of non-availability of PAN card, customer needs to submit Form 60 along with the one of the following OVDs (Officially Valid Documents)
Passport
Voter ID card
Driving licence
NREGA (National Rural Employment Guarantee Act)
Letter issued by National Population Register containing details of name and address
Residence Proof:
Any of the valid KYC documents
Utility bill (not more than 60 days old)
For Terms and Conditions, please contact the nearest UNIONE RC FINANCE & FOUNDATION branch.

How to Apply : 
Visit the nearest branch of UNIONE RC FINANCE &FOUNDATION and our Loan Executive will guide you on the application process.
Contact us and our Customer Care Executive will fix a doorstep service appointment with our Loan Executive to help you with the application process.

Eligibility Criteria : 
Applicants must meet the following requirements to be eligible for the loan:

Should fulfil KYC documents requirements
Age should be between 18 to 58 years
Should not have an adverse credit record
Should meet the acceptable credit norms according to UNIONE RC Finance & FOUNDATION
Should be part of a customers who are willing to guarantee each other for the repayment of loan