Understand U GRO Capital Business Loan interest rates and EMI calculations to simplify your application process and repayment planning.
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.
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.
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.
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:
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.
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.
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.
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.
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.
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 a U GRO Capital Business Loan:
Click on the ‘Check Eligibility’ button available on this page
Fill in your personal and income-related details accurately
Choose ‘U GRO Capital’ from the list of lenders displayed
Enter the desired loan amount and select your preferred repayment tenure
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.
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.
The interest rate for U GRO Capital Business Loans starts from 24% per annum onwards.
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.