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Credit Saison Business Loan Interest Rates

Learn more about Credit Saison Business Loan interest rates, charges, and the easy application process.

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Starting Interest Rate

22% p.a.
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Maximum Loan Tenure

36 Months
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Maximum Loan Amount

₹10 Lakhs

Credit Saison business loans are designed to meet diverse financial needs with competitive interest rates starting at 22% p.a. Borrowers can access funding of up to ₹10 Lakhs, offering the flexibility to manage business expenses efficiently. With a maximum tenure of 3 years, these loans provide convenient repayment options, enabling businesses to maintain steady cash flow while achieving their growth goals.

Credit Saison Business Loan Highlights

Here are the details of the Credit Saison Business Loan interest rates and charges to help you understand the associated costs:

Particulars

Details

Interest Rate

Starting from 22% p.a.

Loan Amount

Up to ₹10 Lakhs

Loan Tenure

12 to 36 months

Disclaimer: The mentioned rates and charges are subject to change at the discretion of the lender.

Fees and Charges for Credit Saison Business Loan

Here are the fees and charges applicable for a Credit Saison Business Loan:

Particulars

Loan Details

Processing Fees

Up to 4.72%

Foreclosure Charges

5% of the outstanding amount

Disclaimer: The mentioned rates and charges are subject to change at the discretion of the lender.

Credit Saison Business Loan EMI Breakdown

An EMI calculator is a free online tool that helps you estimate your monthly instalments, total interest payable, and overall loan cost. It allows you to plan your repayment effectively before applying for a loan.

For example, if you secure a business loan of ₹10 Lakhs at an interest rate of 22% per annum for a tenure of 36 months, the EMI calculator will provide a breakdown of your monthly payments and total repayment amount based on different tenure options.

Tenure

Monthly Instalments (EMI)

Total Interest Amount

Total Payable Amount

1 Year

₹93,594

₹1,23,132

₹11,23,132

2 Years

₹51,878

₹2,45,075

₹12,45,075

3 Years

₹38,190

₹3,74,856

₹13,74,856

Factors Affecting Credit Saison Business Loan Rate of Interest

Several factors influence the interest rates on Credit Saison business loans. Understanding these factors can help borrowers make informed decisions and secure better loan terms.

Credit Score

A higher credit score reflects good financial discipline. It often results in more competitive interest rates from lenders.

Business Financial Health

Stable revenue and strong cash flow improve your chances of lower rates. Lenders prefer businesses with a solid financial track record.

Loan Amount

Larger loan amounts may come with stricter terms and slightly higher rates. Smaller amounts could have higher rates due to processing costs.

Loan Tenure

Shorter tenures typically have lower interest rates but higher EMIs. Longer tenures reduce EMIs but may increase total interest paid.

Industry Type

Businesses in high-risk industries may face higher rates. Stable sectors often receive more favourable rates.

Collateral Offered

Providing collateral reduces the lender’s risk and can lower rates. Unsecured loans generally come with higher interest rates.

Economic Factors

Inflation and monetary policies can influence loan rates. Competitive market conditions may also affect the interest offered.

By understanding these factors, borrowers can better prepare their loan applications and position themselves for favourable terms.

How to Apply for Credit Saison Business Loan on Bajaj Markets

Applying for a Credit Saison business loan on Bajaj Markets is quick and straightforward. Follow these simple steps:

  1. Click on the ‘Check Eligibility’ button to start the application process

  2. Enter your personal and business details, including income and turnover

  3. Select Credit Saison from the list of available lenders

  4. Input your desired loan amount and preferred repayment tenure

  5. Review all the provided details carefully and submit your application

Once submitted, your application will be verified by Credit Saison. Upon approval, the funds will be credited to your account promptly, typically within a few days.

Other Credit Saison Business Loan Related Pages

Frequently Asked Questions

What are the foreclosure charges on Credit Saison Business Loan?

The foreclosure charges on a Credit Saison Business Loan are 5% of the outstanding principal amount. This applies if you choose to repay the loan before the end of the agreed tenure.

A bounce charge is a penalty for missed EMI payments due to insufficient funds or payment issues. It covers administrative costs incurred by the lender.

The interest rates for Credit Saison Business Loans start at 22% per annum. The exact rate offered depends on various factors, including the applicant's credit profile and business financials.

Yes, your credit score significantly influences the interest rate on a Credit Saison Business Loan. A higher credit score may result in more favourable interest rates, as it reflects better creditworthiness.

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