With an Ambit Finvest Business Loan, you can borrow a high amount at low interest rates starting from 20% p.a. The interest rate you qualify for depends on various factors, such as your credit profile and prevailing market conditions.
Understanding how these elements influence your interest rate can empower you to make a well-informed borrowing decision. Let’s dive into the details to explore how to secure the best possible rate for your business needs.
Here are the interest rates and charges applicable to an Ambit Finvest Business Loan:
Particulars |
Details |
Interest Rate |
20% to 35% p.a. |
Processing Fees |
Up to 2% of the loan amount |
*Disclaimer: The mentioned rates and charges are subject to change at the discretion of the lender.
Multiple factors help lenders determine your Ambit Finvest Business Loan rate of interest. Some of these are as follows:
Borrowing larger amounts may attract slightly higher rates, as they pose greater risk to lenders. It is advisable to request an amount that aligns with your repayment capacity.
A high score improves your chances of securing lower interest rates. On the other hand, a lower score may result in higher rates due to increased perceived risk.
A shorter repayment period may lead to lower interest rates as it helps reduce the associated risk for the loan provider. However, shorter durations also mean higher EMIs. Choose a tenure that strikes the right balance between affordability and total loan cost.
A good repayment record demonstrates reliability and credibility. Timely repayments of existing EMIs and credit card dues can help you secure better interest rates.
Your business’s turnover and profitability play a crucial role in determining your interest rate. Consistent revenue and stable financials often result in more favourable terms.
To understand how to compute the monthly instalments for an Ambit Finvest Business Loan, let’s consider an example. Suppose, you borrow ₹30 Lakhs at an interest rate of 20% p.a. for a tenure of 36 months. The EMI for this example will be approximately ₹1,11,490. Let’s check the details of the EMI and how it helps service the loan:
Tenure |
Principal Paid |
Interest Charges |
Outstanding Dues |
1st Year |
₹8,09,434 |
₹5,28,458 |
₹21,90,569 |
2nd Year |
₹9,87,012 |
₹3,50,875 |
₹12,03,555 |
3rd Year |
₹12,03,555 |
₹1,34,334 |
₹0 |
*Note: These are approximate values and are meant only for illustration. For actual EMI values, reach out to your lender.
It is essential to note that the manual method of calculation can lead to errors and is quite tedious. Instead, consider using the business loan EMI calculator available on Bajaj Markets for quick and accurate results.
Our Partners
|
Minimum Interest Rate
|
Maximum Loan Amount
|
Maximum Loan Tenure
|
|
---|---|---|---|---|
![]() Aditya Birla Finance Limited |
22% p.a. |
₹10 Lakhs |
36 months |
|
![]() Ambit Finvest |
20% p.a. |
₹50 Lakhs |
36 months |
|
![]() AYE Finance |
29.50% p.a. |
₹2 Lakhs |
30 months |
|
![]() Bajaj Finance Limited |
14% p.a. |
₹30 Lakhs |
96 months |
|
![]() FlexiLoans |
18% p.a. |
₹50 Lakhs |
36 months |
|
![]() IIFL Finance |
16.50% p.a. |
₹30 Lakhs |
48 months |
|
![]() InCred |
24% p.a. |
₹3 Lakhs |
60 months |
|
![]() Indifi |
22% p.a. |
₹30 Lakhs |
36 months |
|
![]() KreditBee |
18% p.a. |
₹30 Lakhs |
36 months |
|
![]() Lendingkart |
19.20% p.a. |
₹35 Lakhs |
36 months |
|
![]() Protium |
20.5% p.a. |
₹35 Lakhs |
36 months |
|
![]() Credit Saison |
22% p.a. |
₹10 Lakhs |
36 months |
|
![]() UGRO Capital |
24% p.a. |
₹50 Lakhs |
72 months |
|
Follow these simple steps to apply for an Ambit Finvest Business Loan online:
Click on the 'Check Eligibility' option on this page
Provide your personal and income-related details
Select 'Ambit Finvest' from the list of lenders provided
Enter your preferred loan amount and tenure
Cross check the details and submit the application
Following this, your application will be verified. The loan provider will reach out to you for further proceedings.
The interest rates range from 20% to 35% p.a. However, the rate offered to you depends on your loan eligibility and the lender’s discretion.
Yes, your credit score plays a critical role in determining the interest rate. A higher score typically leads to lower rates.