Overview
Get an easy business loan for all your business needs.
Business loans are designed to provide help to businesses in meeting their working capital requirements. At the same time, businesses require financial aid to maintain cash flow Commercial and business loans lend essential support in the smooth functioning of business operations. The secured business loans are perfect to help you meet various types of business requirements, including expansion plans, procuring new equipment, office renovation, hiring new personnel, etc.
WishLoan, a prominent business loan in Ahmedabad provider is helping small businesses, startups, and mid-size businesses from diverse domains in meeting their business needs at the lowest interest rate.
Furthermore, the biggest benefit of a business loan offer is that it serves as a blessing in disguise when your business suffers and desperately requires business loans offer and support.
Why choose small business loans from Wish Loan?
- Lower your EMIs
- Loan approval in 48hours
- Pre-approved offers
- No restriction on end-use
- Long repayment tenor
- Zero collateral
- Minimal documentation
We at WishLoan are committed to your business. Choose from our different types of business-centric business loans offer at the lowest interest rate. If you are seeking a business loan to revive your business or looking for financial support to further expand your business, then dont go further. End your search with us.
Rates and charges
| Types of fees | Applicable charges |
| Rate of interest | 17% p.a. and onwards |
| Processing fees | Up to 2% of the loan amount (plus applicable taxes) |
| Bounce charges | Up to Rs. 3,000 (inclusive of applicable taxes) |
| Penal interest (applicable in case of non-payment of monthly instalment on/ before the due date) | Any delay in payment of monthly instalment/ EMI shall attract penal interest at the rate of 2% per month on the monthly instalment/ EMI outstanding, from the date of default until the receipt of monthly instalment/ EMI. |
| Document processing charges | Rs. 2,360 + applicable taxes |
| Stamp Duty | At actuals (as per state) |
| Mandate Rejection Charges | Rs. 450/- (Inclusive of applicable taxes) per month from the first month of due date for mandate rejected by customers bank until the new mandate is registered |
Eligibility Criteria
- The applicant has to be in business for last 3 years with a minimum turnover of Rs.40 Lakhs
- The business must have generated profit for a minimum of 1 year
- The applicant should be a Sole Proprietor / Partnership firm / Private Ltd Co. / Trust / LLP involved in the business of Manufacturing, Trading or Services
- The main applicant should be minimum of 25 years of age & should be no older than 65 years at the time of loan maturity
Documents
| Identity proof | PAN Card/Driving License/ Passport/ Voters ID/ Aadhaar Card |
| Address Proof | Passport/Driving License/Voters ID/Aadhaar Card/Utility Bill/Bank Statement/Bank Account Passbook (Updated and no more than 3 months old) |
| Ownership proof | Agreement Copy / Electricity Bill / Maintenance Bill with share certificate / Municipal tax bill/Share certificate |
| Business continuity proof | Shop and Establishment certificate/Tax registrations-VAT/Service tax/GST registrations |
| Firm Constitution | MOA/Partner Ship Deed/GST Registration Certificate |
| As per Program | |
| Financial | 1.Latest two years financials. |
| 2.Latest Tax Audit Report. | |
| Banking | Last six months bank statement (Business Accounts) |
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