Ambit Finvest Business Loan

Ambit Finvest provides collateral-free loans to self-employed individuals for business expansion, working capital requirements, and so on. You can get up to ₹50 Lakhs at interest rates starting from 20% p.a. on Bajaj Markets. These business loans come with a simple online application process and require minimal documentation.

The interest rates and charges applicable to these business loans are as follows:

Ambit Finvest offers two variants of business loans to choose from. You can opt for either a small-ticket or a high-ticket loan. Let us understand both these options in further detail.

1. Small-ticket business loans

You can borrow amounts up to ₹2 Lakhs with an Ambit Finvest Small-ticket Business Loan for tenures ranging up to 3 years. To secure this loan, you must fall under the age bracket of 25 to 60 years and have a CIBIL score of over 675. The processing fee charged for this loan is about 2% of the sanctioned loan amount. Furthermore, you can receive the sanctioned loan amount within 24 hours.

2. High-ticket business loans

With the high-ticket option, you can borrow amounts as high as ₹50 Lakhs for flexible repayment tenures ranging up to 3 years. To be eligible for this loan, you must fall under the age bracket of 23 to 60 years and have a CIBIL score of more than 675. Furthermore, your business should have an annual turnover of at least ₹50 Lakhs. The processing fee charged for this loan is about 3% of the sanctioned loan amount. You will receive the sanctioned amount within 48 to 72 hours, after approval.  

Make sure to meet the criteria listed below to be eligible for this business loan:

• You must fall under the age bracket of 23 to 60 years

• You must have a CIBIL score of 675 or above

• Business vintage of more than 3 years is required

• If you opt for the high-ticket loan, your business must have an annual turnover of ₹50 Lakhs

The documents that you need to submit along with the application form are:

• KYC documents: Any one of the following

  1. Aadhaar card

  2. Voter ID

  3. Passport

  4. PAN card

• Bank statement

• GST number

Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.