Nivara Properties Business Loan
Last Updated : Nov. 14, 2016, 5:27 a.m.
Nivara Properties is one of those NBFCs that provides the business loan service to the self- employed individuals, professionals, private limited and limited companies. The funds lent can be used for expansion, working capital, renovating office, buying new property or machinery. It offers both secured and unsecured loans at the attractive rate of interest. The customer can avail the loan for the amount ranging between Rs. 5 lacs to Rs. 5 crores. The other relevant details about the business loan are given below :
Nivara Properties Business Loan Details
| Particulars | Details |
|---|---|
| Interest Rates | Customised |
| Loan Amount | Rs. 5,00,000 – Rs. 5,00,00,000 |
| Tenure | Not specified |
| Processing Fees | As per company's norms |
How To Apply
To apply for the business loan at Nivara Properties call on the customer dealing numbers. The executives will inform you about all the terms and policies of the loan and guide you regarding the process.
Nivara Business Loan EMI Calculator
Know your EMI in a few easy steps using the Business Loan EMI Calculator . Put the loan amount, repayment period and the rate of interest in the calculator and get the installment amount. You can even know the total interest charged on the loan amount. Let’s see using an example how does the calculator work.
Illustrative Example :
| Particulars | Details |
|---|---|
| Loan Amount | Rs. 5,00,00,000 |
| Tenure | 5 years |
| Rate of Interest | 22%.p.a. - 25% p.a |
| Total Interest Amount | Rs. 3,28,56,736 - Rs. 3,80,53,970 |
| EMI | Rs. 13,80,946 - Rs. 14,67,566 |
Table Showing EMI, Total Interest Amount and Total Repayment Amount
| 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.) |
|---|---|---|---|---|---|
| 5,00,00,000 | 22% - 25% | 1 | 46,79,719 - 47,52,210 | 61,56,628 - 70,26,522 | 5,61,56,628 - 5,70,26,522 |
| 5,00,00,000 | 22% - 25% | 2 | 25,93,908 - 26,68,576 | 1,22,53,786 - 1,40,45,824 | 6,22,53,786 - 6,40,45,824 |
| 5,00,00,000 | 22% - 25% | 3 | 19,09,523 - 19,87,991 | 1,87,42,816 - 2,15,67,687 | 6,87,42,816 - 7,15,67,687 |
| 5,00,00,000 | 22% - 25% | 4 | 15,75,304 - 16,57,856 | 2,56,14,587 - 2,95,77,108 | 7,56,14,587 - 7,95,77,108 |
| 5,00,00,000 | 22% - 25% | 5 | 13,80,946 - 14,67,566 | 3,28,56,736 - 3,80,53,970 | 8,28,56,736 - 8,80,53,970 |
Amortization Table
| Year | Principal (In Rs.) | Interest (In Rs.) | Balance Amount (In Rs.) |
|---|---|---|---|
| 1 | 5,739,042 - 6,168,920 | 10,402,432 - 11,871,750 | 43,831,080 - 44,260,958 |
| 2 | 7,350,172 - 7,671,648 | 8,899,704 - 10,260,620 | Rs. 36,159,432 - Rs. 36,910,786 |
| 3 | 9,413,597 - 9,540,434 | 7,030,918 - 8,197,195 | 26,618,998 - 27,497,189 |
| 4 | 11,864,451 - 12,056,292 | 4,706,901 - 5,554,500 | 14,754,547 - 15,440,897 |
| 5 | 14,779,408 - 15,470,848 | 1,816,761 - 2,169,919 | 0 |
Eligibility Criteria:
Business loan can be availed by :
- Self- Employed Individuals
- Self- Employed Professionals
- Partnership Firms
- Private Limited Companies
- Limited Companies
Documents Required :
- PAN Card – For Individual / Partnership Firm / Company
- Identity Proof – Anyone (e.g. Voter ID / Driving License / Passport / Aadhar Card)
- Address Proof – Anyone (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
- Passport Size Photographs of all applicants and co-applicants
Financial Documents Required
| Category | List of Documents |
|---|---|
| For Self-Employed Individuals / Sole Proprietorships | Latest audited ITR and financials for the last 2 years. (Balance Sheet, Profit & Loss A/c., Computation of Income along with all schedules.) Bank statements from the borrower's main account/s for last 6 months and 3 months of all other bank accounts mentioned in the Balance Sheet |
| For Self-Employed Professionals | Latest audited ITR and financials for the last 2 years. (Balance Sheet, Profit & Loss A/c., Computation of Income along with all schedules.) Bank statements from the borrower's main account/s for last 6 months and 3 months of all other bank accounts mentioned in the Balance Sheet Professional Qualification Certificate and Degree Certificate for professionals. (Doctors, Architects, Chartered Accountants etc.) |
| For Partnership Firms / Private Limited Companies/ Limited Companies | Latest audited ITR and financials for the last 2 years. (Balance Sheet, Profit & Loss A/c., Computation of Income along with all schedules.) Bank statements from the main account/s for last 6 months and 3 months of all other bank accounts mentioned in the Balance Sheet Partnership Deed and partnership authority letter for partnership firms Memorandum and Articles of Association and Board Resolution from the company Certificate of Incorporation (COI) for companies Latest shareholding patterns for Private Ltd. / Public Ltd. companies |
Features & Benefits
The key benefits of availing a business loan from Nivara Properties are as follows :
- Availability of secured and unsecured loans
- Loans sanctioned for the amount ranging between Rs. 5,00,000 – 5,00,00,000
- Personalised service
- Competitive rate of interest
Unsecured Business Loan
The types of unsecured loan offered are :
- Unsecured Business loan on financials
- Unsecured Overdraft facility
- Loan against Rental Income
- Loan against Car loan Track
- Loan against Home loan Track
- Loan against Credit Card Limits
- Loan against Life Insurance Policies
- SME loans
- Loan To Self Employed Professionals- Doctors, Architects, Chartered Accountants, Engineers, MBA
Secured Business Loans
The types of secured business loans are as follows :
- Cash Credit Facility
- Overdraft Facility
- Drop-line Overdraft
- Lease Rental Discounting
- Term loans
- SME Loans
- Loan against property without income
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
Nivara Properties Contact Number:
For detailed information contact the authorised customer dealers on the following numbers.
- 9987753088
- 9820967063
- 9920696199