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Our Business Loan
Are you a micro, small, or medium enterprise (MSME) owner looking for funds to grow your business? With Godrej Capital Business Loans, we empower you with customizable and flexible financing solutions to take your business to the next level. No collateral needed – just simple and easy steps to apply!
Key Features
- Key Benefits
- Design Your EMI
- BizRewards
- Grow with Nirmaan
- Flexi Funds
Get easy, hassle-free fund to invest in the future of your business. We leverage our expertise to customize loans for your specific business needs.
- Unsecured and collateral-free loans
- Flexible repayment plans
- One loan for diverse business needs
- Earn rewards on timely repayments
- Loans available up to INR 50 Lakhs
- Quick and easy approval
- Interest rates from 17% P.A. onwards
- Repayment cycle of upto 60 months.
*T&C Apply
Make your business a priority with our tailor-made EMI repayment plans that revolve around cash outflows of your enterprise.
- Avail flexibility in repayment with our ‘Design your EMI’ program, which allows you to repay loan as per your convenience, capability, and comfort
- Pay only loan interest for selected years
*T&C Apply
Ever thought your Business Loan repayments could earn you rewards? We make it happen with Godrej Capital BizRewards
- Earn exciting reward vouchers for timely repayment of your business loan instalments
- We reward your timely repayment behavior with reward vouchers across categories including lifestyle, wellness, fashion, travel, and more
*T&C Apply
With Godrej Capital Nirmaan, get access to a wide range of value-added services to help in business expansion, managing operations, upskilling, and more. A one-stop solution for all your business needs!
Why to register with Nirmaan?
- Exclusive partner offerings
- Special discounted pricing
- Total savings of up to INR 50,000
*T&C Apply
Our Partners
Introducing Business Loans Flexi Funds: an overdraft-like facility for effective cash flow management. Withdraw and repay funds at your convenience, with interest charged only on the amount utilized, giving you greater control over borrowing costs.
- Repayment tenure of up to 5 years
- Loan amount of up to INR 50 lakhs
- Competitive interest rates
- Pay interest only on the amount utilized
- Flexible usage of funds for business purposes
- Unique variants to choose from
| Hybrid Dropline | Monthly Dropline |
| The withdrawal limit will remain fixed for the first two years and reduced every month for the remaining tenure. | The withdrawal limit will be reduced every month equally throughout the loan tenure. |
*T&C Apply
Interest Rates
At Godrej Capital, we understand the financial hurdles that accompany the growth journey of small businesses. Our Business Loans are carefully crafted to align with your unique business needs, ensuring affordability with attractive interest rates. This way, you can leverage maximum benefits without the burden of financial concerns.
*T&C Apply
- Emi Amount
- Loan Eligibility
Loan Tenure
Savings in EMI per month*
%
*Max period for interest only servicing shall not exceed 24 month
Regular EMI
₹
Flexible EMI
₹
Loan Tenure
Your Home Loan EMI Will Be
₹
Your Home Loan Eligibility
₹
Documents Just what is needed. Nothing more.
- Self-Employed
Documents Required
| KYC Documents | PAN Card of the company |
Business Registration Certificate |
|
| Income Documents | Financial statement of the last 6 months of the company |
Income Tax Returns (YTD starting from 1st April of the ongoing financial year) |
|
Proof of business continuity for a minimum of 3 years |
*Refer Policy document for more details
Eligibility
| Loans for | Self Employed Non-professionals |
| Profile | The applicant should be a Sole Proprietor/Partnership firm/Private Ltd Co./Unlisted Public Ltd Co./LLP involved in the business of Manufacturing, Trading or Services |
| Age | Between 21-65 years |
| Business Vintage | 1. Minimum business vintage of 3 years 2. Minimum turnover of INR 40 lakhs 3. Bank account in the name of the business 4. Minimum profit of INR 3 lakhs |
FAQs
- Business Loan
- Flexi Funds
A Business Loan is an unsecured or a collateral-free loan that can be used by MSMEs/small-scale business owners for varied business purposes like funding business expansion, purchasing long term assets or meeting working capital requirements. We offer a stipulated loan amount without the need to mortgage any collateral.
Ensuring steady business cash flow
Fund business expansion or diversification
Improve existing business set-up
Consolidate high-interest business debts
Boost working capital reserves
Hire a new workforce
Purchase and stock inventory
Buy new machinery, equipment, or software
Start your new business
With the Godrej Capital Business Loan, you can avail higher loan amounts of up to INR 50 lakhs, without the need for collateral. Apply online and enjoy a hassle-free experience with minimal documentation, and seamless disbursal process.
You can avail a loan amount up to INR 50 lakhs, the amount would be calculated based on your eligibility like income and other parameters.
No, the Business Loan is a mortgage-free offering and requires you to only meet the business loan eligibility criteria to qualify for business financing.
Business loan is available for all types of micro, small and medium enterprise (MSME) owners. The applicant should be a Sole Proprietor / Partnership firm / Private Ltd Co. / Unlisted Public Ltd Co. / LLP involved in the business of Manufacturing, Trading or Services. The person applying for the business loan should be aged between 21 and 65 years with a minimum of 3 years vintage of business operations.
No, a salaried individual can not apply for a business loan. It is available only for catering to business requirements. Salaried individuals may go for Loan Against Property from Godrej Capital.
Click here to view the documents
General FAQs
Business Loan Flexi Funds is a facility like Overdraft, which offers borrowers a sanctioned limit, enabling them to withdraw any amount within the sanctioned limit as per their requirements and repay it at their convenience. Much like a normal Business Loan, the loan is availed against zero collaterals. Interest is charged only on the borrowed amount. This cost-effective facility is useful for managing finances and resolving short-term cash flow problems for individuals and self-employed business owners.
Any individual requiring funds can apply for a Business Loan Flexi Funds to a maximum loan amount of INR 50 lakhs.
Those who apply for Business Loan Flexi Funds can make the most of a long repayment tenure of up to 5 years.
Any individual requiring funds for business purposes can apply for a Business Loan Flexi Funds.
The funds from the Business Loan Flexi Funds can be utilized for various business-related purposes like business expansion, inventory management, cash flow management, employee payments, or other professional needs. Although the interest rate for the business loan may vary, utilizing a business loan EMI calculator can assist you in understanding your monthly payments and better planning your finances.
Business Loan Flexi Fund interest rate is calculated only to the utilized amount from the total withdrawable limit. With Business Loan Flexi Funds, you enjoy the freedom to repay and reuse funds within the specified limit and tenure, similar to an Overdraft Facility.
The EMI for Business Loan Flexi Funds calculates interest on the utilized limit. Interest equals the EMI as long as there is an available balance for the dropline amount to be deducted from the withdrawable limit. Only in instances where there is an insufficient withdrawable limit remaining, the EMI include the principle and the interest on the utilized amount.
In a conventional Business Loan, the full loan amount is disbursed to the customer's bank account, and repayment starts through monthly EMIs from the following month.
Business Loan Flexi Loans is similar to an overdraft facility. Customers receive a sanctioned limit with a withdrawable limit and the subsequent EMIs include only interest on the utilized amount from the sanctioned/withdrawable limit. The customer's limit is subject to reduction based on the chosen variant and frequency of reduction.
The fundamental difference between a Business Loan and a Business Loan Flexi Funds is the flexibility in the repayment of loans.
Godrej Capital offers below variants of the Business Loan Flexi Funds:
- Monthly Variant
- Hybrid Variant
Defaulting on EMI repayment for Business Loan Flexi Funds, much like any other loan, can result in consequences, such as adverse effects on your credit score, imposition of penalties, legal proceedings and such others.
Adhering to repayment obligations is crucial.
You can log in to Godrej Capital’s Customer Portal. The portal will allow customers to flexibly withdraw, check limits, and repay Business Loan Flexi Funds at their convenience.
Business Loan Flexi Funds – Variants
In the monthly variant of Business Loan Flexi Funds, the withdrawal limit is systematically reduced each month, proportionally reducing from the sanctioned limit. By the end of the loan tenure, the withdrawable limit reaches "0". However, the interest rate continues to be applied monthly based on the used limit.
In the monthly variant of Business Loan Flexi Funds, the withdrawable limit is constant for a fixed period after which it will drop every month. The drop proportionally reduces from the sanctioned limit. By the end of the loan tenure, the withdrawable limit reaches "0". However, the interest rate continues to be applied monthly based on the used limit.
Collateral & Eligibility
The eligibility criteria for a Business Loan in Flexi Funds include but are not limited to bureau tracking, demographics, business revenue, and more. For more details, and the latest product updates, please get in touch with one of our customer care representatives.
Business Loan Flexi Funds are available for business purposes.
No, Business Loan Flexi Funds can be availed without collateral.
Customer Portal queries:
Step 1: Visit the Customer Portal
Step 2: Enter your mobile number or customer ID
Step 3: Authenticate by entering the OTP sent to your registered mobile number
Step 4: Upon successful completion, you will be logged in.
Log in to the customer portal at https://cp.godrejcapital.com, navigate to the "Transaction Tab" in the left-side menu panel, where three options will appear:
a) Withdraw
b) Repayment
c) Transaction History.
Click on the "Withdraw” tab and enter the amount corresponding to the loan amount, then click on “Proceed”.
The transaction can be authenticated through an OTP sent to your registered mobile number.
Yes, repayment of funds is allowed.
- Log in to the customer portal by clicking here
- Access the "Transaction Tab" on the left menu panel
- Choose from three options:
- Withdraw
- Repayment
- Transaction History
- Select the "Repayment" tab
- Enable the repayment section
- Input the amount and proceed
- On the confirmation screen, view the final amount, any deductions, and accept the terms and conditions to initiate the repayment transaction
- After clicking proceed, the customer will be redirected to the payment gateway page to select the mode of payment:
- Net Banking
- Debit Card
- UPI
- Choose a preferred mode of payment and submit the payment
Repayment: Customers have the flexibility to repay the entire amount, ranging from a minimum of INR 1,000 to the maximum loan amount, depending on the utilization of funds.
Withdrawal: Customers can withdraw up to the maximum loan amount, with a minimum withdrawal limit of INR 1, subject to the available balance.
Repayment: The repayment facility is available 24/7 throughout the year and has no restrictions on the amount of repayment. It can easily be done through the customer portal.
Withdrawal: Withdrawal of funds from the balance is available every day, except on 4 public/national holidays (26th January,15th August, 1st April, and 2nd October). Additionally, the daily withdrawal functionality is not available between 10 pm to 2 am for maintenance reasons.
Transaction details can be accessed through the customer portal's "Transaction History" section under the Transactions tab. Customers have the option to download/export details in PDF format.
Transactions are limited to the main applicant only in cases where there are multiple applicants on the loan structure.
No, zero charges apply for transactions conducted through the customer portal.
Product related FAQs:
The billing cycle for Business Loan Flexi Funds is from the 27th to the 26th of each month.
For example, the billing cycle for Jan'24 would span from 27th Dec'23 to 26th Jan'24. The bill is generated at the end of the day on the 26th Jan'24, reflecting the daily utilisation of funds from the sanctioned limit.
The EMI primarily comprises of the interest of the utilized amount and the principal component to the extent of the amount of dropdown (as applicable).
At the end of the day on the 26th of the month, the bill is generated based on interest computation. Customers are then provided an additional 10 days to ensure sufficient balance in the account before the EMI is deducted through NACH services.
In the event of an EMI bounce, charges, including late payment fees/penalties, will be imposed, and payment is to be made through the customer portal. Refer to the schedule of charges in the terms and conditions section of the Loan Agreement for more details.
Yes, the beneficiary account can be changed. Customers can initiate this request by logging into the customer portal or by reaching out to the customer contact centre for assistance.
Yes, customers can request a change in the repayment account by logging into the customer portal or contacting the customer contact centre for assistance.
Disclaimer: All contents mentioned on this page, including but not limited to documents, eligibility may vary for each borrower and are subject to the discretion of the lender. The content is subject to change without prior notice.
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