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# Janalakshmi Financial Services Business Loan

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Janalakshmi Services extends a business loan to the building entrepreneurs who require funds to scale up their units. The loan amount can be used to finance the deficit in the working capital or to purchase a machinery. The company offers a loan under several schemes, the list of which is given below. Also, the loan details are provided in the following section.

ParticularsDetails
Interest Rate18% p.a. - 26% p.a.
Loan AmountRs. 60,000 – 50,00,000
Tenure5 years
Processing FeeAs per company's policy

### How To Apply

The customers willing to avail the benefit of a business loan from Janalakshmi can contact the concerned dealer at the numbers given below.

### Janalakshmi Business Loan EMI Calculator

The EMI calculator is a calculator designed to make the calculation of EMI quick and simple. It computes the real results in the shortest time. The calculator helps the user to know his/ her EMI value and plan for the future payments accordingly. The user can also learn about the amount of interest he/ she has to pay for the loan amount being taken. The calculator works on a simple principle. The user only needs to enter the loan amount, the rate of interest and the tenure of the loan.

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For Example, a person takes a loan of Rs. 50,00,000 from the company to enhance his business for the period of 5 years. He will repay the loan amount in 60 monthly installments along with the interest charged. His monthly installment amount or EMI will be Rs. 1,26,967 – 1,49,702 at the rate of interest that ranges between 18% p.a. – 26% p.a.. The total amount he will be paying by the end of tenure will be Rs. 76,18,028 – 89,82,141.

Table Showing EMI, Total Interest Amount and Total Repayment

Loan Amount
(in Rs.)
Interest Rate
(p.a.)
Tenure
(in years)
EMI
(in Rs.)
Total Interest Amount
(in Rs.)
Total Repayment Amount (Principal + Interest)
(in Rs.)
50,00,00018% - 26%14,58,400 - 4,77,6515,00,800 - 7,31,80855,00,800 - 57,31,808
50,00,00018% - 26%22,49,621 - 2,69,3739,90,892 - 14,64,94859,90,892 - 64,64,948
50,00,00018% - 26%31,80,762 - 2,01,45315,07,431 - 22,52,31265,07,431 - 72,52,312
50,00,00018% - 26%41,46,875 - 1,68,58720,50,000 - 30,92,15470,50,000 - 80,92,154
50,00,00018% - 26%51,26,967 - 1,49,70226,18,028 - 39,82,14176,18,028 - 89,82,141

Amortization Table

YearPrincipal
(in Rs.)
Interest
(in Rs.)
Balance Amount (in Rs.)
15,60,069 – 6,77,7138,45,891 – 12,36,35543,22,287 – 44,39,931
27,24,355 – 8,10,2887,13,316 – 10,72,06935,11,999 – 37,15,576
39,36,834 – 9,68,7925,54,812 – 8,59,59025,43,207 – 27,78,742
411,58,305 – 12,11,6393,65,299 – 5,84,78513,84,902 – 15,67,103
513,86,779 – 15,70,2791,38,713 – 2,29,371

### Janalakshmi Loan Schemes, Quantum Of Loan, Tenure And Rate Of Interest

SchemeQuantum of LoanTenure Rate Of Interest
Janalakshmi Nano LoanRs. 60,000 – 2,00,000Up to 36 monthsFor New Customers – 26% p.a.
For Repeating Nano Customers – 25% p.a.
Super Nano LoanRs. 2,00,000 – 6,00,000Up to 60 monthsMinimum - 23% p.a.
Maximum - 24% p.a.
Micro, Small and Medium Enterprise Loan Rs. 2,00,000 – 50,00,00012 months – 48 monthsMinimum - 18% p.a.
Maximum - 26% p.a.
Long Term Business LoanRs. 5,00,000 – 50,00,000Up to 60 monthsMinimum - 18% p.a.
Maximum - 26% p.a.
Equipment And Machinery FinancingRs. 2,00,000 – 50,00,000Up to 60 monthsMinimum - 18% p.a.
Maximum - 26% p.a.
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#### Eligibility Criteria :

All business units and entities covered under MSME category are eligible to apply for a loan.

#### Documents Required:

• PAN Card
• Identity Proof – Any one (e.g. Voter ID / Driving License / Passport / Aadhar Card)
• Address Proof – Any one (e.g. Voter ID / Driving License / Passport / Telephone Bill / Electricity Bill / Registered Lease Deed or Sale Agreement / Bank Statement)
• Ownership proof of either residence or office either in the name of applicant or jointly with family members
• Business Continuity Proof – Any one document (Bank Statement / Sales Tax Challans / IT Returns / Shops & Est. Certificate / Certificate of Incorporation / Partnership Deed)
• Passport Size Photographs of all applicants and co-applicants

### Features and Benefits

Option to choose from multiple schemes

Flexible tenure lasting up to 5 years

Availability of funds from Rs. 60,000 – 50,00,000

Simplified process and easy documentation

### Factors Affecting Business Loan Eligibility

Quantitative ParametersQualitative Parameters
Financial Ratios
Sales Turnover and Profitability Record
Credit History
Management Details/ Shareholding Pattern
Industry
 Quantitative Parameters Qualitative Parameters Financial RatiosSales Turnover and Profitability RecordCredit History Management Details/ Shareholding PatternIndustryBusiness Model

## Janalakshmi Financial Services Branches

The company has its branches in the following States:

• Punjab
• Haryana
• Uttarakhand
• New Delhi
• Rajasthan
• Bihar
• Gujarat
• Jharkhand
• West Bengal
• Chattisgarh
• Odisha
• Maharashtra
• Karnataka

The Janalakshmi Financial Services Head Office is in Bengaluru, Karnataka.

### Janalakshmi Financial Services Contact Number

To clear doubts, ask questions and avail the loan, contact the dealer on the numbers mentioned below :

• Telephone Number : +91 80 4259 5700
• Toll- Free Number : 1800 419 5262

Personal Loan Interest Rates February 2018
Bajaj Finserv 10.99% - 16.00%
Fullerton India 14.00% - 33.00%
HDFC Bank 10.99% - 20.75%
ICICI Bank 10.99% - 18.40%
IndusInd Bank 12.99% - 20.00%
Kotak Bank 10.99% - 17.99%
RBL 14.00% - 18.00%
Standard Chartered Bank 10.99% - 14.49%
Tata Capital 11.49% - 18.00%
Home Loan Interest Rates February 2018
State Bank of India/SBI 8.30% - 8.60%
HDFC 8.35% - 8.95%
Bank of Baroda 8.30% - 9.30%
LIC Housing 8.35% - 8.70%
PNB Housing Finance 8.35% - 8.70%
ICICI Bank 8.35% - 8.85%
Axis Bank 8.35% - 8.75%
Citibank 8.40% - 9.25%
Indiabulls Housing Finance Limited 8.35% - 11.25%
Kotak Bank 8.35% - 8.50%
EMI Calculator