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:
Interest Rate |
20% to 36% p.a. |
Processing Fees |
Up to 3% of the loan amount |
*Disclaimer: The information mentioned above is subject to change as per the financial institution's terms and policies.
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.
You can borrow amounts up to ₹2.5 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.
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
The documents that you need to submit along with the application form are:
KYC documents: Any one of the following
Voter ID
Passport
PAN card
Bank statement
GST number
Follow the simple steps listed below to apply for this business loan on Bajaj Markets:
Click on the ‘Apply Now’ option on this page
Enter your personal and business details
Choose ‘Ambit Finvest’ from the list of lenders
Select the required loan amount and preferred tenure
Submit the online application form
Following this, an executive will contact you for further proceedings.
Ambit Finvest Business loan interest rates range from 20% to 36% p.a.
The processing fee charged on Ambit Finvest business loan can go up to 3% of the loan amount.
The repayment tenure of Ambit Finvest business loans range from 12 months to 36 months.
You need to have a CIBIL score of at least 675 in order to be eligible for Ambit Finvest business loan.
You must be between 23 and 60 years of age to be eligible.