Business Loan
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To,TransUnion CIBIL Limited[Formerly known as Credit Information Bureau (India) Limited]One Indiabulls building ,Unit No 1901 – 1905,19th Floor, Tower 2A-2B, Jupiter Mill compound,Senapati Bapat Marg, Lower Parel, Mumbai 400 013
Sub: Grant of Consent
Dear Sirs,
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- The Company is my lawfully appointed agent and he / it has agreed to be my agent for the purposes, including, without limitation, to receive the Consumer Credit Information from TUCL on my behalf and use it in the manner consistent with the Agreement entered into between the Company and TUCL, and the Company has granted its consent for being appointed for the aforesaid purpose.
- I grant my unconditional consent to the Company to receive the Consumer Credit Information from TUCL on my behalf and use it in the manner consistent with the consistent with the Agreement entered into between the Company and TUCL, as the case may be, and the Company has granted its consent for being appointed for the aforesaid purpose. I hereby represent and acknowledge that: (a) I have carefully read the terms and conditions of the Agreement entered into between the Company and TUCL understood the same; or (b) the Terms of Understanding in relation to the use of the Consumer Credit Information has been agreed between me and the Company.
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- I UNDERSTAND THAT THE PRODUCT IS PROVIDED ON AN “AS-IS”, “AS AVAILABLE” BASIS AND TUCL EXPRESSLY DISCLAIMS ALL WARRANTIES, INCLUDING THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.
- I shall not sue or otherwise make or present any demand or claim, and I irrevocably, unconditionally and entirely release, waive and forever discharge TUCL , its officers, directors, employees, agents, licensees, affiliates, successors and assigns, jointly and individually (hereinafter “Releasee”), from any and all manner of liabilities, claims, demands, losses, claims, suits, costs and expenses (including court costs and reasonable attorney fees) (“Losses”), whatsoever, in law or equity, whether known or unknown, which I ever had, now have, or in the future may have against the Releasee with respect to the submission of my Consumer Credit Information and / or my decision to provide TUCL L with the authority to deliver my Consumer Credit Information to the Wishfin . I agree to defend, indemnify, and hold harmless the Releasee from and against any and all Losses resulting from claims made against TUCL L by third parties arising from and in connection with this letter.
- I agree that the terms of this confirmation letter shall be governed by the laws of India and shall be subject to the exclusive jurisdiction of the courts located in Mumbai in regard to any dispute arising hereof. TUCL is entitled to assign its rights hereunder to any third person without taking my prior written consent.
Yours faithfully,
Name :____________________________Address : ____________________________Date : ____________________________
What makes Aditya Birla Finance business loan unique is the fastest loan approval and a hassle-free process . The loan is available for the business entities who need funds either to upscale production or to purchase new machinery and buildings. Let’s know more about the bsuiness loan below.
Aditya Birla Finance Business Loan Interest Rates
Aditya Birla Finance Business Loan for Self Employed with No Income Proof
If you are a self-employed individual who is not having an income proof, don’t be disheartened. Yes, there are a lot of reputed NBFCs which are ready to offer you the business loan without even asking for an income proof. What? Surprised to read that! Well, it is absolutely true. Aditya Birla Capital is one such NBFCs that offer the business loan of up to ₹7.5 Lakh to self-employed individuals within 5 minutes. Instead of an income proof, there are other KYC documents that a self-employed needs to submit to the lender. Curious to know about the documents ? Take a look at the table below.
Documents Required ( For Self-employed with No Income Proof)
- Passport-Photograph
- PAN Card
- Current Residence Proof
- Office Address Proof
- Business Registration Proo
Note:Customer’s Bank Statement is not required
Documents Required (For Self employed with Income Proof)
- Application form with a recent photograph
- Proof of Identity (Passport Copy/ Voter ID card/ Driving License/ PAN Card)
- Address Proof (Ration card/ Telephone Bill/ Electricity Bill/ Rental agreement / Passport copy/ Bank Passbook or Statement/Driving License)
- Age proof (PAN Card, Passport, any other certificate from a statutory authority)
- Proof of business existence
- Audited financials and Income Tax Returns filed for last two years from date of application
- Bank statement for the last 6 months
Aditya Birla Business Loan EMI Calculator
For effortless and swift EMI calculation use the Business Loan EMI Calculator. The calculator provides relief from the complicated calculations and reveals the accurate result in very less time. You can know the amount of instalment to be paid to amortise the loan. The user only needs to enter the details regarding the loan amount, tenor and rate of interest, and the calculator will compute the EMI amount.
Below is an example, showing the calculations of EMI and Interest Outgo for a Business Loan:
Table Showing EMI, Interest Outgo, and Total Repayment Amount
EMI, Total Interest Outgo, Total Repayment (Interest + Principal)
Year | Principal | Interest | Balance Amount |
---|
1 | ₹ 1,39,450 | ₹ 74,465 | ₹ 3,60,549 |
2 | ₹ 1,65,094 | ₹ 48,822 | ₹ 1,95,454 |
3 | ₹ 1,95,703 | ₹ 18,462 | ₹ 0 |
How To Apply
To apply for business loan visit the nearest Birla Finance Services branch. You can even call on 91 84259 66666 and inquire about the business loan. You can even drop a mail on the email id given on the official website.
Aditya Birla Business Loan Eligibility Criteria
The business loan provided by Aditya Birla Finance Services can be availed by candidates belonging to the following categories :
- Non- Individual Entities
- Individual Entities
- Self – employed Entrepreneurs
- Traders
- Manufacturers
- Companies
Aditya Birla Business Loan Application Form
The duly filled application form is to be submitted at the branch office along with the requisite documents. The form should be completed in all respect. Incomplete or wrong information may hamper your loan eligibility and prevent the availability of loan.
Factors Affecting Business Loan Eligibility
- Loan Repayment track
- Credit Performance / Credit Bureau Update
- Debt servicing ability of the customer
- Business Vintage
- Financial Ratios
- Existing relationship
Features And Benefits
- Fastest Approval
- Less Documentation
- Flexible Tenure