U GRO Capital Business Loan Interest Rates

With a U GRO Capital Business Loan, you can access the funds you need at interest rates starting from 24% per annum. These loans come with flexible tenure options, allowing you to tailor the repayment schedule to match your business’s cash flow and financial requirements.

The specific interest rate offered depends on various factors, including your credit profile, business performance, and prevailing market conditions. By understanding these factors, you can better prepare to secure a competitive rate and make an informed borrowing decision.

Here are the interest rates and charges applicable to a U GRO Capital Business Loan:

Disclaimer: The mentioned rates and charges are subject to change at the discretion of the lender.

Here are the fees and charges applicable for a U GRO Capital Business Loan:

Disclaimer: The mentioned rates and charges are subject to change at the discretion of the lender.

An EMI calculator is a no-cost online tool that lets you approximate your monthly instalments, total interest charges, and overall loan expense. By doing so, it lets you to strategise your repayments in advance, ensuring your loan obligations remain manageable within your budget.

For instance, you get a business loan of ₹50 Lakhs at a 24% annual interest rate over a 72-month period. With the help of the EMI calculator, you can get a detailed overview of your monthly dues and final repayment total under varying tenure scenarios.

Being aware of the factors that influence a business loan interest rate can help you plan better and potentially secure more favourable terms. Here are some key factors:

• Loan Amount

Higher loan amounts often carry increased risk for lenders, which could result in higher interest rates. It’s wise to borrow only what you need and ensure the amount is manageable within your repayment capacity.

• Credit Score

Your credit score is a reflection of your financial discipline. A higher credit score can enhance your chances of securing a lower interest rate, while a lower score might attract higher rates due to perceived risk.

• Repayment Tenure

Opting for a shorter repayment period may lower the interest rate since it reduces the lender’s risk. However, shorter tenures often come with higher EMIs. Finding a balance between tenure and affordability is crucial.

• Credit History

A strong repayment history, such as timely payment of previous EMIs and credit card bills, demonstrates reliability and can help you qualify for better interest rates.

• Business Revenue and Profitability

Consistent business performance, including stable turnover and profitability, plays a key role in determining your interest rate. A financially healthy business is often offered more competitive rates.

Follow these simple steps to apply for a U GRO Capital Business Loan:

1. Click on the ‘Check Eligibility’ button available on this page

2. Fill in your personal and income-related details accurately

3. Choose ‘U GRO Capital’ from the list of lenders displayed

4. Enter the desired loan amount and select your preferred repayment tenure

5. Carefully review the information provided and submit your application

Once your application is submitted, it will undergo a verification process. After successful verification, the lender will contact you for further steps to complete the loan approval process.