Business Loan
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To,TransUnion CIBIL Limited[Formerly known as Credit Information Bureau (India) Limited]One Indiabulls building ,Unit No 1901 – 1905,19th Floor, Tower 2A-2B, Jupiter Mill compound,Senapati Bapat Marg, Lower Parel, Mumbai 400 013
Sub: Grant of Consent
Dear Sirs,
In connection with submission of the application for my credit information offered by CIBIL (“Consumer Credit Information”) through Wishfin and delivery of the Consumer Credit Information to the Company, I hereby acknowledge and agree to the following:
- The Company is my lawfully appointed agent and he / it has agreed to be my agent for the purposes, including, without limitation, to receive the Consumer Credit Information from TUCL on my behalf and use it in the manner consistent with the Agreement entered into between the Company and TUCL, and the Company has granted its consent for being appointed for the aforesaid purpose.
- I grant my unconditional consent to the Company to receive the Consumer Credit Information from TUCL on my behalf and use it in the manner consistent with the consistent with the Agreement entered into between the Company and TUCL, as the case may be, and the Company has granted its consent for being appointed for the aforesaid purpose. I hereby represent and acknowledge that: (a) I have carefully read the terms and conditions of the Agreement entered into between the Company and TUCL understood the same; or (b) the Terms of Understanding in relation to the use of the Consumer Credit Information has been agreed between me and the Company.
- I hereby expressly grant unconditional consent to, and direct, TUCL to deliver and / or transfer my Consumer Credit Information to the Company on my behalf.
- I shall not hold TUCL responsible or liable for any loss, claim, liability, or damage of any kind resulting from, arising out of, or in any way related to: (a) delivery of my Consumer Credit Information to the Company ; (b) any use, modification or disclosure by the Company of the contents, in whole or in part, of my Consumer Credit Information , whether authorized or not; (c) any breach of confidentiality or privacy in relation to delivery of my Consumer Credit Information to the Company ; (d) for any use made by the Company which is contrary to the Agreement entered into between the Company and TUCL.
- I acknowledge and accept that: (a) TUCL has not made any promises or representations to me in order to induce me to provide my Consumer Credit Information or seek any consent or authorization in this regard; and (b) the implementation of the Agreement between TUCL and the Company is solely the responsibility of the Company
- I agree that I may be required to record my consent / provide instructions electronically and in all such cases I understand that by clicking on the "I Accept" button below, I am providing "written instructions" to Wishfin authorizing Wishfin to obtain my Consumer Credit Information from my personal credit profile from TransUnion CIBIL LIMITED, [formerly known as Credit Information Bureau (India) Limited]]. I further authorize Wishfin to obtain such information solely to confirm my identity and display my Consumer Credit Information to me. Further in all such cases “By checking this box and clicking on the ‘Authorize button, I agree to the terms and conditions, acknowledge receipt of TUCL privacy policy and agree to its terms, and confirm my authorization for Wishfin to obtain my Consumer Credit Information .
- I understand that in order to deliver the product to me, I hereby authorize Wishfin, to obtain my Consumer Credit Information from TUCL.
- By submitting this registration form, I understand that I am providing express written instructions for Wishfin to request and receive information about me from third parties, including but not limited to a copy of my consumer credit report and score from consumer reporting agencies, at any time for so long as I have an active Wishfin account. I further authorize Wishfin to retain a copy of my information for use in accordance with [Wishfin’s] Terms of Use and Privacy Policy.
- I UNDERSTAND THAT THE PRODUCT IS PROVIDED ON AN “AS-IS”, “AS AVAILABLE” BASIS AND TUCL EXPRESSLY DISCLAIMS ALL WARRANTIES, INCLUDING THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.
- I shall not sue or otherwise make or present any demand or claim, and I irrevocably, unconditionally and entirely release, waive and forever discharge TUCL , its officers, directors, employees, agents, licensees, affiliates, successors and assigns, jointly and individually (hereinafter “Releasee”), from any and all manner of liabilities, claims, demands, losses, claims, suits, costs and expenses (including court costs and reasonable attorney fees) (“Losses”), whatsoever, in law or equity, whether known or unknown, which I ever had, now have, or in the future may have against the Releasee with respect to the submission of my Consumer Credit Information and / or my decision to provide TUCL L with the authority to deliver my Consumer Credit Information to the Wishfin . I agree to defend, indemnify, and hold harmless the Releasee from and against any and all Losses resulting from claims made against TUCL L by third parties arising from and in connection with this letter.
- I agree that the terms of this confirmation letter shall be governed by the laws of India and shall be subject to the exclusive jurisdiction of the courts located in Mumbai in regard to any dispute arising hereof. TUCL is entitled to assign its rights hereunder to any third person without taking my prior written consent.
Yours faithfully,
Name :____________________________Address : ____________________________Date : ____________________________
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.
Religare Business Loan Details
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
Amortization Table
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
- Proof of business existence
- 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
Factors Affecting Business Loan Eligibility
- 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.