Grow your firm or company with business loan from Unicorn Capitals.
Our business loans come with a host of benefits and are tailor made to meet your unique business needs.
We offer among the best business loans in the market, with complete transparency and competitive interest rates.
Besides speedy and transparent processing, the firm offers a host of other benefits on its business loan including flexible tenures and competitive interest rates.
These unmatched benefits make our products among the best business loan in the market.
Eligibility:
The following people are eligible to apply for a Business Loan:
- Self employed individuals, Proprietors, Private Ltd. Co. and Partnership Firms involved in the business of Manufacturing, Trading or Services
- Individuals who have been in the current business for a minimum of 2 years
- Those whose business has been profit making for the previous 1 year
- The applicant should be at least 21 years of age at the time of applying for the loan, and should be no older than 65 years of age at the time of loan maturity
Documentation:
- The following documents are required along with your Business Loan application:
- PAN Card – For Company/Firm/Individual
- A copy of any of the following documents as identity proof:
- Aadhaar Card
- Passport
- Voter’s ID Card
- PAN Card
- Driving License
- A copy of any of the following documents as address proof:
- Aadhaar Card
- Passport
- Voter’s ID Card
- Driving License
- Bank statement of the previous 6 months for firm/company and Sole-proprietor/Partner/Director
- Latest ITR along with computation of income, Balance Sheet and Profit & Loss account for the previous 2 years, after being CA Certified/Audited for firm/company and Sole-proprietor/Partner/Director
- Proof of continuation (ITR/Trade license/Establishment/Sales Tax Certificate)
- Other Mandatory Documents [Sole Prop. Declaration Or Certified Copy of Partnership Deed, Certified true copy of Memorandum & Articles of Association (certified by Director) & Board resolution (Original)]
Rates & Fees:
Enclosed below are Unicorn Capital’s Business Loan Interest Rates & Charges*
| Fee | Amount to be Paid |
|---|---|
| Rate of interest range | 15% to 22% |
| Loan processing charges | 1% to 2% of the loan amount subject to a minimum of Rs. 1000/- |
| Pre-payment charges | < 6 Months – 5% of Principal Outstanding 7-12 Months – 4% of Principal Outstanding > 12 Months – 3% of Principal Outstanding |
| No Due Certificate/No Objection Certificate (NOC) | NIL |
| Duplicate of No Dues Certificate/NOC | Rs. 100/- |
| Solvency Certificate | Not applicable |
| Charges for late payment of EMI | Rs. 500/- or 10% of unpaid EMI whichever is higher to be paid per month |
| Stamp duty & other statutory charges | As per applicable laws of the state |
| Cheque swapping charges | Rs 500/- |
| Amortization Schedule charges | Rs 200/- |
| Loan cancellation charges | NIL (However client would be charged interest for the interim period between date of loan disbursement and loan cancellation and processing fees would be retained.) |
| Cheque bounce charges | Rs. 350/- per cheque bounce |
| Legal/incidental charges | At actual |
| Collection fees | 36% of unpaid balance or Rs. 3000/- whichever is higher for every notice |
* – above charges does not include GST and is applicable as per current government policy.
The above charges and rates are under the sole discretion of Unicorn Capitals, subject to change without prior notice.