Last Updated : May 28, 2021, 9:12 p.m.

Religare provides the collateral free business loan to meet the working capital deficiency. The loan is available for the highest tenor of 36 months with credit limit over and above Rs. 15,00,000. The eligible customer can avail the benefits of this facility either by applying online or visiting the nearest branch office. The loan is charged at an attractive rate of interest. The timely disbursal and easy repayment help in the fulfilment of urgent needs.

Particulars Details
Rate of Interest 17.5% p.a – 21% p.a
Loan Amount Rs. 15,00,000 & Above
Tenure 36 months (3 years)
Type of Loan Unsecured

How To Apply

The eligible customers can apply for the Religare business loan in any of the following ways :

• Visit the nearest branch office
• Apply online through the official website
• Send an e-mail at the mail id available on the website
• Place a call on customer care number

### Religare Business Loan EMI Calculator

Equated Monthly Instalment, commonly known as EMI is the amount paid by the borrower to the lender towards the amortisation of loan. It is calculated using the complex formula. The calculation is time consuming and tiring. But you can make an escape from this discomforting task by using the Business Loan EMI calculator . How? Check the example :

An entrepreneur is willing to take a loan of Rs. 15,00,000 to fund his working capital needs. He wants to know how much EMI he has to pay for the tenure of 3 years to wind up his loan. He calculates the interest on the minimum and maximum percent rate just to get the estimation. His calculated EMI varies from

Table Showing EMI, Total Interest Amount And Total Repayment Amount

Loan Amount Loan Tenure Interest Rate EMI Total Interest Outgo Total Amount (EMI+Interest)
Rs. 15,00,000 1 year 17.5% p.a – 21% p.a Rs. 1,37,163 - Rs. 1,39,671 Rs. 1,45,960 - Rs. 1,76,048 Rs. 16,45,960 - Rs. 16,76,048
Rs. 15,00,000 2 years 17.5% p.a – 21% p.a Rs. 74,524 - Rs. 77,078 Rs. 2,88,583 - Rs. 3,49,883 Rs. 17,88,583 - Rs. 18,49,883
Rs. 15,00,000 3 years 17.5% p.a – 21% p.a Rs. 53,853 - Rs. 56,513 Rs. 4,38,712 - Rs. 5,34,454 Rs. 19,38,712 - Rs. 20,34,454

Amortization Table

Year Principal Payment Interest Outgo Balance Amount
1 Rs. 400,232 - Rs. 416,062 Rs. 230,174- Rs. 277,924 Rs. 1,083,938- Rs. 1,099,768
2 Rs. 492,860 - Rs. 495,003 Rs. 151,233- Rs. 185,296 Rs. 588,935- Rs. 606,908
3 Rs.589,709 - Rs. 607,880 Rs. 57,308- Rs. 71,228 Rs. 0

Features and Benefits

• Convenience of doorstep services
• Fast approval and disbursal
• Flexible range of tenure lasting up to 36 months
• Sanction limit of Rs. 15,00,000 and above

### Religare Business Loan Eligibility Criteria :

The borrowers belonging to below mentioned categories can avail the advantage of loan from Religare :

1. Self Employed professionals
2. Proprietorship Firms
3. Partnership Firms
4. Private Limited Companies
5. Limited Companies

### Religare Business Loan Application Form

The customer can apply for the loan online from the comfort of his home/office. In the application form the customer has to provide the personal details regarding name, age, address and contact number. The user also needs to fill the financial details and credit details. You can even apply for the loan by visiting the nearest office branch.

Documents Required

Along with the application form, the borrower has to submit the requisite documents that will be utilised for the verification purpose.

• Application Form
• KYC Documents
• Bank Statements (Bank statement / Bank Passbook for last 6 months)
• Profit and loss statement for last 3 years
• Balance sheet for last 3 years
• Income Tax Returns for last 3 years (for self and business) duly certified by a CA

List Of KYC Documents

Passport Passport
PAN Card Telephone Bill
Voter ID ID Card Issued by Post Office
Government ID Card Bank Statement with Cheque
Senior Citizen ID Card Any other ID proof or address proof document can be submitted subject to bank's satisfaction

• Income Level
• Cash Flow
• Tenor of the loan
• Relationship with the company
• Credit history as revealed from the available sources

### Religare Customer Care Number

Contact the customer care executive to get all product related information. Feel free to pose your doubts and queries. Place a call on customer care helpline number 1860-3000-4111 and get your queries resolved.