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.

Details of the Ambit Finvest Business Loan Interest Rates

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.

Factors Affecting Ambit Finvest Business Loan Interest Rates

Multiple factors help lenders determine your Ambit Finvest Business Loan rate of interest. Some of these are as follows:

Loan Amount

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.

Credit Score

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.

Flexible Tenure

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.

Credit History

A good repayment record demonstrates reliability and credibility. Timely repayments of existing EMIs and credit card dues can help you secure better interest rates.

Business Revenue

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.

How to Calculate the EMI for an Ambit Finvest Business Loan?

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.

Compare Ambit Finvest Business Loan Interest Rates with Other Partners

Our Partners
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Minimum Interest Rate
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Maximum Loan Amount
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Maximum Loan Tenure
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Aditya Birla Finance Limited

22% p.a.

₹10 Lakhs

36 months

4.5
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Ambit Finvest

20% p.a.

₹50 Lakhs

36 months

4.4
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AYE Finance

29.50% p.a.

₹2 Lakhs

30 months

4.2
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Bajaj Finance Limited

14% p.a.

₹30 Lakhs

96 months

4.8
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FlexiLoans

18% p.a.

₹50 Lakhs

36 months

3.9
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IIFL Finance

16.50% p.a.

₹30 Lakhs

48 months

3.9
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InCred

24% p.a.

₹3 Lakhs

60 months

4.1
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Indifi

22% p.a.

₹30 Lakhs

36 months

3.8
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KreditBee

18% p.a.

₹30 Lakhs

36 months

3.9
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Lendingkart

19.20% p.a.

₹35 Lakhs

36 months

4.3
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Protium

20.5% p.a.

₹35 Lakhs

36 months

4.0
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Credit Saison

22% p.a.

₹10 Lakhs

36 months

4.1
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UGRO Capital

24% p.a.

₹50 Lakhs

72 months

4.4
View More

How to Apply for an Ambit Finvest Business Loan on Bajaj Markets

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.

Frequently Asked Questions

What is the minimum and maximum interest rate of an Ambit Finvest Business Loan?

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.

Does my credit score impact the interest rate on an Ambit Finvest Business Loan?

Yes, your credit score plays a critical role in determining the interest rate. A higher score typically leads to lower rates.

✓Minimal Documentation ✓Flexible Repayment ✓Collateral Free Loan | Apply for Business Loan Now! Check Eligibility
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