About Company

AI Saif Power Private Limited, a leading provider in power transmission and distribution erection and maintenance. With a commitment to excellence and innovation, we deliver high-quality solutions that ensure the reliability and efficiency of power systems. Our team of experienced professionals is dedicated to meeting the evolving needs of the industry, providing end-to-end services from planning to execution.

Business Loan

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Fuel Your Business Growth with
a Fast Business Loan!

Get a convenient Business Loan to cover assets and expand seamlessly.

Apply Now
Home Loan

Eligibility Criteria & Eligible Entities for a Business loan?

  • Business Type: Most lenders provide loans to various types of businesses, including sole proprietorships, partnerships, limited liability companies (LLCs), corporations, and more
  • Credit Score: A good credit score is often required to qualify for a business loan. Lenders use your credit history to assess your ability to repay the loan. Business Age: Some lenders require a minimum operational history for your business, usually ranging from a few months to a year or more.
  • Annual Revenue: Lenders may have a minimum annual revenue requirement to ensure your business has a stable income.
  • Collateral: Secured loans might require assets as collateral to secure the loan. Collateral can be real estate, equipment, inventory, or other valuable assets.
  • Cash Flow: Lenders often evaluate your business's cash flow to determine your ability to repay the loan.
  • Age Criteria: Min. 21 years at the time of loan application & Max. 65 years at the time of loan maturity.
  • Eligible Entities: Individuals, MSMEs, Sole Proprietorships, Partnership Firms, Public and Private Limited Companies, Limited Liability Partnerships, retailers, traders, manufacturers, and other non-farm income-generating business entities engaged only in the services, trading, and manufacturing sectors
  • Business Vintage: Min. 1 year or above
  • Business experience: Min. 1 year, business location to remain same.
  • Annual Turnover: Shall be defined by the Bank/NBFC.
  • Credit Score: 700 or above (Preferred by most private and public sector banks).
  • Nationality: Indian citizens.
  • Additional Criteria: Applicants must own either a residence, office, shop, or Godown.

Documents Required for Business Loan

Following are the documents required for business loan:

  • Aadhar Card
  • PAN Card and Photo
  • GST Registration
  • Business and Income Proof
  • Financial details of the company. Proof of address & photo identity.

    • Note: Documents should be valid and authorised.

Features and Benefits of our Business Loans

  • Term Loans
  • Working Capital Loans
  • Business Expansion Loans
  • Equipment Financing Loans
  • Invoice Financing & Bill Discounting
  • Machinery Loans

Apply for Business Loan Online

Follow the given below steps to apply for business loan from My Mudra:

  • Step 1: Enroll with your mobile number to begin your business loan apply process.
  • Step 2: Enter your business loan details online..
  • Step 3 : Share your business details to apply for a quick business loan.
  • Step 4: Receive a verification message for your business loan online approval.
  • Step 5: Our financial advisor will call you to assist you with the next step.
  • Step 6: Get your instant business loan credited quickly.

Business Loan Fees and Charges

Here are the fees you incur when you take a business loan from My Mudra

  • Loan Processing Fees: Loan processing charges are between 0.5% to 4% of the loan for an online business loan. For Floating Rate: NIL.
  • Pre-Payment Charges: For Floating Rate: NIL. For Fixed Rate: Usually around 2%-5% on the principal amount for an instant business loan online.
  • Stamp Duty Charges: Stamp duty charges are applicable as per actuals when you apply business loan online.
  • Legal Fees: Legal fees are applicable as per actuals when securing a quick business loan.