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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.

ParticularsDetails
Rate of Interest17.5% p.a – 21% p.a
Loan AmountRs. 15,00,000 & Above
Tenure36 months (3 years)
Type of LoanUnsecured

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

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Table Showing EMI, Total Interest Amount And Total Repayment Amount

Loan AmountLoan TenureInterest RateEMITotal Interest OutgoTotal Amount (EMI+Interest)
Rs. 15,00,0001 year17.5% p.a – 21% p.aRs. 1,37,163 - Rs. 1,39,671Rs. 1,45,960 - Rs. 1,76,048Rs. 16,45,960 - Rs. 16,76,048
Rs. 15,00,0002 years17.5% p.a – 21% p.aRs. 74,524 - Rs. 77,078Rs. 2,88,583 - Rs. 3,49,883Rs. 17,88,583 - Rs. 18,49,883
Rs. 15,00,0003 years17.5% p.a – 21% p.aRs. 53,853 - Rs. 56,513Rs. 4,38,712 - Rs. 5,34,454Rs. 19,38,712 - Rs. 20,34,454

Amortization Table

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

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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

PassportPassport
PAN CardTelephone Bill
Voter IDID Card Issued by Post Office
Government ID CardBank Statement with Cheque
Senior Citizen ID CardAny 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.

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