IndoStar Capital Finance Business Loan

Please Note: IndoStar Capital Finance is not a Paisabazaar partner. Offers would be from partner banks/NBFCs only.

IndoStar Capital Finance is a Non-Deposit Taking-Systemically Important-NBFC (NBFC-ND-SI) registered with RBI that specializes in providing structured-term financing solutions to its customers. The NBFC offers SME loans to borrowers, used and new vehicle financing for transporters, and home finance to home buyers. IndoStar offers a range of business/SME loans for various financial needs, such as business expansion purposes, meeting working capital requirements, enhancing business cash flow, buying raw materials, paying salaried, debt consolidation, etc.

SME/Business Loans – Features –
Interest Rate	Depends on business requirements
Nature of loan	Term Loan
Loan Amount	Min. Rs. 50 lakh & Max. up to Rs. 3 crore
Repayment Tenure	Up to 15 years
LTV ratio for loan against residential and commercial properties	60% – 70%, depending upon the type of collateral
Credit under Insurance Companies	Available
Doorstep Service	Available

Note: The above mentioned interest rates, fees and charges are subject to change and depend on the sole discretion of the NBFC and RBI. GST and service tax shall be levied extra on the mentioned charges.

Eligibility Criteria:

Age Criteria: Minimum age of 25 years at time of loan application

SME or Business loans offered by IndoStar can be availed by the following entities:

• Sole proprietorship, partnerships, Limited Liability Partnerships (LLP) and private or public limited companies engaged in businesses related to manufacturing, trading or services sectors
• Self-employed professionals, including CAs, doctors, engineers, company secretaries and architects with their own practice/consultancy are also eligible to avail SME loans from IndoStar Capital Finance

Credit Rating

IndoStar is rated by various credit bureaus and holds a rating of AA- for long-term borrowings and A1+ for short-term borrowings.

Documents Required:

• Identity Proof: Passport, Voter ID card, PAN card, Driving license, Government identity card, Aadhaar card
• Age Proof: Passport, Birth certificate, Driving license, PAN card and Aadhar card
• Address Proof: Passport, Voter ID card, driving license, latest utility bills (electricity, water, gas, telephone bills), Aadhaar card, ration card, PAN card, passport, driving license, Government Identity card
• Proof of Relationship: PAN card, Passport, Voter ID, Ration card, Marriage certificate, Aadhaar card (if relationship is mentioned)
• Proof of Business Address: Shops and Establishment Act Certificate, Registration Certificate, Latest utility bills, such as electricity, telephone, gas pipeline and water bills, present bank account statement or passbook, property tax receipt, copy of rent agreement
• Proof of Business Continuity: Certificate under Shops and Establishment Act, Certificate of registration
• Income Proof: Last 3 months’ salary slip, Last 2 years’ Form 16, Last 2 years’ audited CA-certified financials
• Bank Statements: Last 12 months’ bank statements of all active bank accounts, Last 12 months saving bank account of partners and directors (in case of partnership firm/company)
• Proof of existing loan
• Other KYC documents: Partnership firm: Partnership deed
• Company: Certificate of incorporation, Memorandum of Association (MoA), Articles of Association (AoA), latest CA-certified list of directors and shareholding pattern
• Trust: Registration certificate and Deed of trust

FAQs

Q1. What is the interest rate offered by IndoStar Capital Finance?

Ans. The interest rate offered by IndoStar Capital Finance depends on the business requirements and repayment capability of the applicant.

Q2. What is the loan amount offered by IndoStar?

Ans. The minimum loan amount offered is Rs. 50 lakh and the maximum loan amount offered is Rs. 3 crore.

Q3. What is the repayment tenure of the SME loan offered by IndoStar?

Ans. The repayment tenure offered by IndoStar is up to 15 years.

Q4. What is the LTV ratio offered for loan against property?

Ans. The LTV ratio offered ranges between 60%-70%, that shall depend on the type of collateral.

Q5. Is doorstep facility available with IndoStar Capital Finance?

Ans. Yes, doorstep facility is available with hassle-free documentation and quick disbursal.

Q6. How can I contact Indostar Capital Finance?

Ans. You can contact IndoStar Capital Finance by visiting the below address:

Registered Office Address:

One Indiabulls Center, 20th Floor, Tower 2A,
Jupiter Mills Compound, Senapati Bapat Marg,
Mumbai – 400013, India
Phone: 022-4315-7000

Or can write an email to their customer care department at sme@indostarcapital.com

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