U Gro Capital Business Loan
U Gro Capital offers a variety of secured and unsecured loans to MSMEs, the interest for which starts at 16% per annum and up to 180 months in repayment. The loan products of the company include Secured Business Loans up to 5 Crores, Loans Against Property with Cash Rental Income, and Educational Institutes Loans. For unsecured, it has Business Loans and Doctor’s Loans with flexible terms. U Gro promises processing in 15 days so that applications are processed as promptly as possible, promoting business growth, machinery purchases, or working capital requirements.
Besides this, U Gro provides special SCF solutions in the form of Vendor, Dealer, and Retailer Finance to enhance liquidity and sustainability. Their Pragati loan is also for encouraging the women-owned enterprise for expansion and green enterprises. Discounted rates of interest are provided to women entrepreneurs too. Thus, U Gro Capital provides multi-faceted partnership options for companies that want to attain specific customized financial solutions.
Table of Contents
U Gro Capital Business Loan Interest Rate, Fees & Other Charges
| Loan Type | Loan Amount | Loan Tenor | Loan-to-Value (LTV) | Key Benefits | Documents Required |
|---|---|---|---|---|---|
| Loan Type | Loan Amount | Loan Tenor | Loan-to-Value (LTV) | Key Benefits | Documents Required |
| Secured Business Loan | Up to 5 Crores | Up to 180 months | Up to 80% | Financial lifeline for diverse needs, Attractive Interest Rates, Quick Approvals, Doorstep Service | KYC & PAN, Business Vintage proof, Latest Bank Statement/GST Returns, Udyam Registration, Title Deed |
| Educational Institutes (EDI) Loan | Up to 5 Crores | Up to 120 months | Up to 60% | Streamlined application, Based on fees and property valuation, Competitive Rates, Doorstep Service | KYC & PAN, Business Vintage proof, Latest Bank Statement/GST Returns, Udyam Registration, Title Deed |
| Loan Against Bank Guarantee or Fixed Deposit | Up to 3 Crores | Up to 180 months | Up to 125% of BG/FD | Flexible funds as Term Loan/Working Capital, Minimal Documentation, Quick Approvals | KYC & PAN, Business Vintage proof, Latest Bank Statement/GST Returns, Udyam Registration, BG/FD Copy |
| Secured Loan against Property (Rental Income) | Up to 50 Lacs | Up to 120 months | N/A | Eligibility based on rental income, Financial stability, Competitive Interest Rates, Quick Approvals | KYC & PAN, Business Vintage proof, Latest Bank Statement/GST Returns, Udyam Registration, Title Deed |
U Gro Capital’s unsecured business loan offerings:
| Loan Type | Loan Amount | Repayment Tenor | Key Benefits | Documents Required |
|---|---|---|---|---|
| Business Loan | Flexible (based on needs) | N/A | Minimal Documentation, Digital Onboarding, Quick Approvals, Competitive Interest Rates | KYC & PAN, Business Establishment proof, Latest Bank Statement/GST Returns, Udyam Registration |
| Doctor’s Loan | 10-25 Lacs | 12 to 60 months | Longer repayment tenure, Quick Approvals, Competitive Interest Rates, Digital Onboarding | KYC & PAN, Degree Certificate with IMA Registration Number, Latest Bank Statement, Latest ITR, Udyam Registration |
Source: Ugrocapital unsecured business Loan Website
U Gro Capital’s Retailer Finance, SCF solutions, and the Pragati loan product:
| Loan Type | Key Offerings/Description | Loan Amount | Repayment Tenor | Key Benefits | Documents Required |
|---|---|---|---|---|---|
| Supply Chain Finance (SCF) | Third-party financing to improve business efficiency and reduce costs for buyers and sellers | N/A | N/A | Optimized working capital, Improved liquidity, Reduced financing costs, Enhanced cash flow visibility, Risk mitigation | KYC, Business PAN, Current Address Proof, UDYAM Certificate, Business Vintage Proof, 12 months bank statement, 24 months GST |
| Anchor Led SCF | Vendor, Dealer, and Retailer Finance via bill discounting for payments between corporate (Anchor) and parties involved | N/A | N/A | Facilitates payments on behalf of Vendors, Dealers, Retailers to maintain supply chain liquidity | KYC, PAN, Business Vintage Proof, Bank Statements, GST Returns |
| Non-Anchor Led SCF | Sales and Purchase Invoice Discounting for financing buyers or sellers based on supplied or purchased goods | N/A | N/A | Enhances payment flows for buyers and suppliers | KYC, PAN, Business Vintage Proof, Bank Statements, GST Returns |
| Green Supply Chain Financing | Financing solution promoting sustainable practices within supply chains through Anchor-based and non-Anchor-based products | Up to 3 Crores | Up to 180 months | Flexible funding as Term Loan/Working Capital, Quick Approvals, Minimal Documentation | KYC & PAN, Business Vintage Proof, Latest Bank Statement or GST Returns |
| Pragati (For Women Entrepreneurs) | Loan product tailored for women-owned businesses to expand operations and embrace sustainability (e.g., Solar Rooftop, EVs) | N/A | N/A | Supports business expansion, working capital, equipment upgrades, and green initiatives | KYC & PAN, Business Vintage Proof, Latest Bank Statement or GST Returns |
Features & Benefits of U Gro Capital Business Loan
- Interest rates starting from 16% per annum with flexible repayment terms up to 15 years.
- Loan amounts up to 5 Crores for secured loans and tailored solutions for unsecured loans.
- Quick and streamlined approval process, with loan decisions made within 15 days of receiving complete documentation.
- Minimal documentation and digital onboarding will be deployed so that registration can be hassle-free.
- Specialized loan products for MSMEs, health care, and education.
- Discounted interest rates along with special financing options for women-owned businesses.
- Supply Chain Finance solutions that help optimize working capital and promote the sustainability of the business operations.
U Gro Capital Business Loan EMI Calculator
Eligibility Criteria to acquire business loan
The eligibility requirements to avail U Gro Capital Business Loans are:
- The loan applicant’s age must be between 25 and 67 years at the time of loan maturity.
- Individual applicants must have at least 3 years of engagement in their current business and a minimum of 5 years of total business experience.
- Eligible entities include Partnership Firms, Sole Proprietors, Trusts, and Private Limited Companies in the business of Trading, Manufacturing, or Services.
- Minimum business operation period is 2-3 years, depending on the loan type.
- The annual turnover of the business must be at least Rs. 10 lakhs.
- Minimum annual income of the applicant or business should be Rs. 2 lakhs.
- Udyam Registration Certificate is required for MSMEs.
Also Read: What is Secured Business Loan?
Documentation Required
The following is a list of the documents required for your business loan application:
KYC Documents:
- Passport-sized photograph (not older than 6 months)
- PAN card of both the business and the applicant.
- Identity Proof (Driving License/Passport/Voter’s ID Card/Aadhaar Card)
- Address Proof of the applicant (Driving License/Passport/Voter’s ID Card/Aadhaar Card)
- Address proof of the business
Bank Statements: Bank and GST statements (last 6 months)
Income Documents:
- ITR along with Computation of Income (last 2 years)
- Profit loss statements (last 2 years)
- Audited balance sheet
Proof of Business Continuation:
- Establishment Certificate
- Sales Tax Certificate
- ITR
- Trade License
Other Documents:
- Certified copy of Partnership deed or Sole Proprietorship Declaration
- Certified copy of MoA & AoA, and Board Resolution.
Also Read: Unsecured Business Loan
How to apply for a Business Loan in U Gro Capital?
You can apply for a U Gro Capital Business Loan, by either visiting their nearest branch or going to the website and applying for the loan online.
Online Application Process
- Online Application: Visit U Gro Capital Website and instantly apply by clicking the “Apply Now” button for an instant business loan online.
- Enter your required details in the Application form and click on the submit button. An U Gro Capital representative will contact you shortly.
Offline Application Process
Download the loan application form from the website, fill it out and submit it at your nearest U Gro Capital branch for further processing.
Also Read: Small Business Loans for Women
What are the factors responsible for business Loan
U Gro Capital provides business loans with an interest rate as low as 16% per annum. The ability to obtain a business loan with reasonable interest rates and a flexible repayment period should be considered by applicants.
Since the amount obtained from a business loan is normally huge, several considerations have to be put in place when charging an interest on U Gro Capital Business Loans.
These are:
- The Credit Score of the business owner or the company. Check your credit score for free.
- Category of the business
- Business Vintage
- Profit and Annual Turnover of the business
Frequently Asked Questions
Q: How much will be the maximum loan amount availed by me from U Gro Capital?
You can get a secured loan up to 5 crores, and up to 25 lakhs for unsecured loans, depending on your requirements and eligibility.
Q: What are the interest rates for U Gro Capital Business Loans?
Interest rates start from 16% per annum, with competitive rates available based on your credit profile and loan type.
Q: How many days does it take to get loan approval?
U Gro Capital usually takes 15 working days in its entire process of processing and sanctioning business loans after the submission of all the documents.
Q: What documents are required to apply for a business loan?
The required documents include KYC & PAN, Business Vintage proof, Latest Bank Statements or GST Returns, Udyam Registration Certificate, and property documents are required to acquire business loans.
Q: Who is eligible to apply for a U Gro Capital Business Loan?
Applicants must be aged between 25-67 years and have at least 2-3 years of business operation with a minimum turnover of Rs. 10 lakhs annually.
Q: Are there any special loan options for women entrepreneurs?
Yes, U Gro Capital offers discounted interest rates and tailored loan products like the Pragati loan for women-owned businesses.
Q: What are the repayment terms for U Gro Capital Business Loans?
Repayment terms vary from 12 months to 180 months, depending on the loan type and borrower’s eligibility.
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