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,
In connection with submission of the application for my credit information offered by CIBIL (“Consumer Credit Information”) through Wishfin and delivery of the Consumer Credit Information to the Company, I hereby acknowledge and agree to the following:
- 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.
- I hereby expressly grant unconditional consent to, and direct, TUCL to deliver and / or transfer my Consumer Credit Information to the Company on my behalf.
- I shall not hold TUCL responsible or liable for any loss, claim, liability, or damage of any kind resulting from, arising out of, or in any way related to: (a) delivery of my Consumer Credit Information to the Company ; (b) any use, modification or disclosure by the Company of the contents, in whole or in part, of my Consumer Credit Information , whether authorized or not; (c) any breach of confidentiality or privacy in relation to delivery of my Consumer Credit Information to the Company ; (d) for any use made by the Company which is contrary to the Agreement entered into between the Company and TUCL.
- I acknowledge and accept that: (a) TUCL has not made any promises or representations to me in order to induce me to provide my Consumer Credit Information or seek any consent or authorization in this regard; and (b) the implementation of the Agreement between TUCL and the Company is solely the responsibility of the Company
- I agree that I may be required to record my consent / provide instructions electronically and in all such cases I understand that by clicking on the "I Accept" button below, I am providing "written instructions" to Wishfin authorizing Wishfin to obtain my Consumer Credit Information from my personal credit profile from TransUnion CIBIL LIMITED, [formerly known as Credit Information Bureau (India) Limited]]. I further authorize Wishfin to obtain such information solely to confirm my identity and display my Consumer Credit Information to me. Further in all such cases “By checking this box and clicking on the ‘Authorize button, I agree to the terms and conditions, acknowledge receipt of TUCL privacy policy and agree to its terms, and confirm my authorization for Wishfin to obtain my Consumer Credit Information .
- I understand that in order to deliver the product to me, I hereby authorize Wishfin, to obtain my Consumer Credit Information from TUCL.
- By submitting this registration form, I understand that I am providing express written instructions for Wishfin to request and receive information about me from third parties, including but not limited to a copy of my consumer credit report and score from consumer reporting agencies, at any time for so long as I have an active Wishfin account. I further authorize Wishfin to retain a copy of my information for use in accordance with [Wishfin’s] Terms of Use and Privacy Policy.
- 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 : ____________________________
Now enjoy the facility of a business loan from Dhanlaxmi bank. The loans are provided for expansion and growth of business entities engaged in trading, manufacturing and services. The customer can avail loan up to Rs. 5 Crores. The interest rate varies from 12.13% p.a – 14.60% p.a. The overdue payment is charged at the penal rates that is 2% of the outstanding amount.
Dhanlaxmi Bank Business Loan Details
Particulars | Details |
Rate of Interest | 12.13% p.a. -14.60% p.a. |
Loan Amount | Rs. 10,00,000 – Rs. 5,00,00,000 |
Tenure | 12 months – 60 months |
Late Payment Charges | 2% of the outstanding amount |
How To Apply:
The eligible candidates can apply for Dhanlaxmi bank business loan. The service can be availed either by applying online or by visiting the nearest branch office.
Dhanlaxmi Bank Business Loan EMI calculator :
Business Loan EMI Calculator is a useful device designed to make calculations quick and simple. The calculator helps in computing the realistic EMI value and also reveal the amount of interest charged on the sanctioned loan amount. You get to know the total repayment amount you are liable to pay by the end of the loan tenure. Just feed the information regarding loan amount, tenure and rate of interest in the calculator to know your EMI amount.
For Example – On a loan of Rs. 10,00,000 availed for the tenure of 5 years the monthly instalment would be Rs. 22,310 – Rs. 23,580 if interest is charged at the rate ranging from 12.13% p.a – 14.60% p.a.
Table Showing EMI, Total Interest Amount, Total Repayment Amount
Amortization Table
Features And Benefits
- Loans available for the amount ranging from Rs. 10 lakhs to Rs. 5 Crores
- Longer tenure lasting up to 5 years
- Quick disbursal
- Simplified documentation
Dhanlaxmi Business Loan Eligibility Criteria:
The Dhanlaxmi business loans are available for existing enterprises. Only the entities covered under following profiles are funded:
- Manufacturers
- Traders
- Retailers
- Wholesalers
- Contractors
- Service Providers
The applicant must stand on the following parameters :
- The age of the applicant should be above 23 years
- He should have the minimum wok experience of 5 years with 4 years continuation in same business
Dhanlaxmi Business Loan Application Form :
Fill in the following details in the application form to avail the loan benefit:
- Loan Details ( Loan amount, tenure, reason of taking loan)
- Non- individual details (if applicable)
- Registered address and operating address of the entity
- Contact Details
- Financial Details
- Individual Applicant Details ( Name, residential address, contact details)
- Co- Applicant Details
Documents Required :
- Loan Application Form
- KYC & Constitutional Documents
- Audited Financial report
- Borrower’s & Key Personnel Profiles
- Borrower’s Existing Bank Sanction Letter
- Borrower’s Existing Bank Statements
- Borrower’s External Rating Report ( if available)
- Key Personnel Net worth Statements
List Of KYC Documents :
- PAN Card
- Driving License
- Valid Passport
- Voter ID Card
- Job Card issued by NREGA
- The letter issued by the Unique Identification Authority of India containing details of name, address and Aadhaar number
Dhanlaxmi Bank Business Loan Interest Rate
The rate of interest is calculated using the below mentioned formula:
Rate of Interest = 1 year MCLR + (1.78% 0r 4.25% )
Where, 1 year MCLR = 10.35%
Therefore, the rate of interest varies from 12.13% p.a – 14.60% p.a depending on the amount of loan and tenure.
Dhanlaxmi Bank Customer Care
For any grievance or query contact the customer care executive. The customer care is operational at all the bank branches and regional centres. The executives will help you in the best possible way. You can also place a call on the customer care number 1800 425 1747.
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