Janalakshmi Financial Services Business Loan – Interest Rate & Eligibility Criteria

Business Loan

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.

    Janalakshmi Business Loan Details

    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)
    • Letter certifying end use of the business loan funds on Business Letterhead
    • 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
    Business Model
    Quantitative Parameters Qualitative Parameters
    • Financial Ratios
    • Sales Turnover and Profitability Record
    • Credit History
    • Management Details/ Shareholding Pattern
    • Industry
    • Business Model

    Janalakshmi Financial Services Branches

    The company has its branches in the following States:

    • Punjab
    • Haryana
    • Uttarakhand
    • New Delhi
    • Rajasthan
    • Uttar Pradesh
    • Bihar
    • Madhya Pradesh
    • Gujarat
    • Jharkhand
    • West Bengal
    • Chattisgarh
    • Odisha
    • Maharashtra
    • Karnataka
    • Tamil Nadu

    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
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