Know more about Ambit Finvest Business Loan on Bajaj Markets
✓Minimal Documentation ✓Flexible Repayment ✓Collateral Free Loan | Apply for Business Loan Now!
Ambit Finvest provides collateral-free loans to self-employed individuals for business expansion, working capital requirements, and so on. You can get up to ₹50 Lakhs at interest rates starting from 20% p.a. on Bajaj Markets. These business loans come with a simple online application process and require minimal documentation.
The interest rates and charges applicable to these business loans are as follows:
Interest Rate |
20% to 35% p.a. |
Processing Fees |
Up to 2% of the loan amount |
*Disclaimer: The information mentioned above is subject to change as per the financial institution's terms and policies.
Features and Benefits
Loan amount
Borrow amounts ranging from ₹15,000 to ₹50 Lakhs to meet all your capital and business requirements
Multi-purpose Loans
Fulfil multiple monetary obligations such as financing of working capital, business expansion, equipment purchase, and so on
Flexible Tenure
Repay the loan over flexible repayment tenures of up to 3 years
Zero Collateral
No need to submit any of your personal or business assets as collateral to get this loan
Minimal Documentation
The digital application process eliminates the need for extensive paperwork
Loan Variants
You can opt for either a small-ticket or a high-ticket loan, depending on your requirements and eligibility
Swift Disbursal
The loan amount will be disbursed within 72 hours of your application being approved
Ambit Finvest offers two variants of business loans to choose from. You can opt for either a small-ticket or a high-ticket loan. Let us understand both these options in further detail.
1. Small-ticket business loans
You can borrow amounts up to ₹2 Lakhs with an Ambit Finvest Small-ticket Business Loan for tenures ranging up to 3 years. To secure this loan, you must fall under the age bracket of 25 to 60 years and have a CIBIL score of over 675. The processing fee charged for this loan is about 2% of the sanctioned loan amount. Furthermore, you can receive the sanctioned loan amount within 24 hours.
2. High-ticket business loans
With the high-ticket option, you can borrow amounts as high as ₹50 Lakhs for flexible repayment tenures ranging up to 3 years. To be eligible for this loan, you must fall under the age bracket of 23 to 60 years and have a CIBIL score of more than 675. Furthermore, your business should have an annual turnover of at least ₹50 Lakhs. The processing fee charged for this loan is about 3% of the sanctioned loan amount. You will receive the sanctioned amount within 48 to 72 hours, after approval.
Make sure to meet the criteria listed below to be eligible for this business loan:
You must fall under the age bracket of 23 to 60 years
You must have a CIBIL score of 675 or above
Business vintage of more than 3 years is required
- If you opt for the high-ticket loan, your business must have an annual turnover of ₹50 Lakhs
The documents that you need to submit along with the application form are:
KYC documents: Any one of the following
Aadhaar card
Voter ID
Passport
PAN card
Bank statement
GST number
How to Apply?
Follow the simple steps listed below to apply for this business loan on Bajaj Markets:
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Click on the ‘Apply Now’ option on this page
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Enter your personal and business details
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Choose ‘Ambit Finvest’ from the list of lenders
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Select the required loan amount and preferred tenure
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Submit the online application form
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Following this, an executive will contact you for further proceedings.
Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.
FAQs
What is the interest rate charged on Ambit Finvest business loans?
Ambit Finvest Business loan interest rates range from 20% to 35% p.a.
What is the processing fee charged on Ambit Finvest business loan?
The processing fee charged on Ambit Finvest business loan can go up to 2% of the loan amount.
What is the loan repayment tenure of Ambit Finvest business loans?
The repayment tenure of Ambit Finvest business loans range from 12 months to 36 months.
What is the minimum CIBIL score required to apply for Ambit Finvest business loan?
You need to have a CIBIL score of at least 675 in order to be eligible for Ambit Finvest business loan.
What is the age eligibility for Ambit Finvest Business Loans?
You must be between 23 and 60 years of age to be eligible.
