Five-Star Business Loan Highlights 2023 |
|
Interest rate | Based on customer profile |
Loan amount | Up to Rs 10 lakh |
Repayment tenure | Up to 7 years |
Note: Interest rates as of 24th July 2023

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Five-Star Business Loan Interest Rate
Five-Star Business Finance Limited has not disclosed its business loan interest rates. However, the NBFC charges interest rates based on risk premium, operational expenses, credit cost, expected profitability, cost of funds, etc.
Fees and Charges of Five-Star Business Loan
Processing charges
Five-Star Business Finance charges a processing fee of up to 2% of the loan amount plus taxes.
Pre-closure charges
If pre closure is made after completion of 12 months from the date of loan disbursal | NIL |
If loan is prepaid within 12 months of the disbursal date | 1% of the prepaid amount |
Other fees and charges
Legal and inspection charges | Up to Rs 2,000 per loan |
Penal interest | 3% per month for delayed amount and for delayed period only |
MOD registration expenses | At actuals |
Cheque return | Rs Rs 300 per return |
ECS/ NACH bounce | Rs 500 per return |
DD for disbursement | At actuals |
Collection Pick up charges/ Recovery Visit charges | Rs 100 per visit + GST |
EC | At actuals |
Stamp duty | At actuals |
Document charges | Up to Rs 2,000 per loan + GST |
Document storage related charges | Rs 500 per loan + GST |
Insurance premium | At actuals |

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Eligibility Criteria of Five-Star Business Loan
- Self-employed individuals
- Micro-entrepreneurs
Five-Star Business Loan Documents Required
For resident individuals:
PAN Card (mandatory and any one of the below mentioned)
- Passport
- Voter’s identity Card issued by Election Commission
- Driving License
- Job card issued by NREGA duly signed by an officer of the State Govt.
- The letter issued by the national population register containing details of name and address
- Digital KYC – the customer identity can be verified through capturing a live photo of the customer
- Proof of Possession of Aadhar number with Aadhaar number stricken.
For partnership firms:
- Registration certificate, if registered
- Partnership deed
- An officially valid document in respect of the person holding an attorney to transact on its behalf.
Proof of business activity (any two of the following):
- Proof of the name, address and activity of the concern, like registration certificate (in the case of a registered concern),
- certificate/license issued by the Municipal authorities under Shops & Establishments Act
- Sales and income tax returns,
- CST/VAT / GST certificate (provisional /final)
- Certificate/registration document issued by Sales Tax/ Service Tax/ Professional Tax authorities
- Importer Exporter Code (IEC) issued to proprietary concern by the office of DGFT /Licence/certificate of practice issued in the name of the proprietary concern by any professional body incorporated under a statute
- The complete income tax return (not just the acknowledgement) in the name of the sole proprietor where the firm’s income is reflected, duly authenticated/acknowledged by the income tax authorities
- Utility bills such as electricity, water and landline telephone bills.

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