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With a U GRO Capital Business Loan, you can access the funds you need at interest rates starting from 24% per annum. These loans come with flexible tenure options, allowing you to tailor the repayment schedule to match your business’s cash flow and financial requirements.

The specific interest rate offered depends on various factors, including your credit profile, business performance, and prevailing market conditions. By understanding these factors, you can better prepare to secure a competitive rate and make an informed borrowing decision.

Details of the U GRO Capital Business Loan Rate of Interest

Here are the interest rates and charges applicable to a U GRO Capital Business Loan:

Particulars

Details

Interest Rate

24% p.a. onwards

Processing Fees

Nil

Foreclosure Charges 

4% onwards

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

How To Calculate U GRO Capital Business Loan Interest

To understand how to calculate the monthly instalments for a U GRO Capital Business Loan, let’s consider an example. Suppose you borrow ₹5,00,000 at an interest rate of 24% per annum for a tenure of 36 months. In this scenario, your EMI will be approximately ₹19,616.

Here’s the breakdown of the calculation:

Tenure

Principal Paid

Interest Charges

Outstanding Dues

1st Year

₹1,28,976

₹1,06,421

₹3,71,024

2nd Year

₹1,63,573

₹71,824

₹2,07,450

3rd Year

₹2,07,450

₹27,947

₹0

*Note: These are approximate values and are meant only for illustration. For actual EMI values, reach out to your lender.

Factors Affecting U GRO Capital Business Loan Interest Rates

Being aware of the factors that influence a business loan interest rate can help you plan better and potentially secure more favourable terms. 

Here are some key factors:

  • Loan Amount

Higher loan amounts often carry increased risk for lenders, which could result in higher interest rates. It’s wise to borrow only what you need and ensure the amount is manageable within your repayment capacity.

  • Credit Score

Your credit score is a reflection of your financial discipline. A higher credit score can enhance your chances of securing a lower interest rate, while a lower score might attract higher rates due to perceived risk.

  • Repayment Tenure

Opting for a shorter repayment period may lower the interest rate since it reduces the lender’s risk. However, shorter tenures often come with higher EMIs. Finding a balance between tenure and affordability is crucial.

  • Credit History

A strong repayment history, such as timely payment of previous EMIs and credit card bills, demonstrates reliability and can help you qualify for better interest rates.

  • Business Revenue and Profitability

Consistent business performance, including stable turnover and profitability, plays a key role in determining your interest rate. A financially healthy business is often offered more competitive rates.

Compare U GRO Capital 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
sort list
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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
Image

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
Image

FlexiLoans

18% p.a.

₹50 Lakhs

36 months

3.9
Image

IIFL Finance

16.50% p.a.

₹30 Lakhs

48 months

3.9
Image

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 U GRO Capital Business Loan on Bajaj Markets

Follow these simple steps to apply for a U GRO Capital Business Loan:

  1. Click on the ‘Check Eligibility’ button available on this page

  2. Fill in your personal and income-related details accurately

  3. Choose ‘U GRO Capital’ from the list of lenders displayed

  4. Enter the desired loan amount and select your preferred repayment tenure

  5. Carefully review the information provided and submit your application

Once your application is submitted, it will undergo a verification process. After successful verification, the lender will contact you for further steps to complete the loan approval process.

FAQs

What are the foreclosure charges on U GRO Capital Business Loan?

The foreclosure charges for U GRO Capital Business Loans start from 4% onwards. It is advisable to confirm the exact charges with the lender before proceeding.

What is the minimum and maximum interest rate on U GRO Capital Business Loans?

The interest rate for U GRO Capital Business Loans starts from 24% per annum onwards.

Does my credit score affect the interest rate on a U GRO Capital Business Loan?

Yes, your credit score plays a significant role in determining the interest rate. A higher credit score indicates better creditworthiness and may help you secure a lower interest rate, whereas a lower score could lead to higher rates.

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