U Gro Capital is a well-known lender. This lender provides secured & unsecured business loans. U Gro gives you up to Rs. 5 crores secured loan & up to Rs.50 lakh business loan. But now we will talk about business loans.
This loan is available for Micro, Small, and Medium Enterprise (MSME) which means you can get the loan for different types of business. U Gro business loan interest rate starts from 9% to 36% per annum.
U GRO Capital Business Loan
| Interest Rate | 9% p.a – 36% p.a. |
| Loan Amount | 10 lakh to 50 lakh |
| Processing Fee | Up to 4% |
| Tenure | 1 year – 3 years |
| Income Proof | Required |
| Eligible For | Self Employed Person |
Features of U Gro Capital Business Loan
U Gro Capital provides business loans in different sectors. Find out the following points below with other benefits also:
- U Gro Capital provides business loans argo-chemical sector. The loan amount available is Rs. 10 lakh to Rs. 50 lakh.
- Get a working capital loan up to Rs. 50 lakhs
- U Gro Capital offering loans to the dyes and pigments industry
- You will get a loan for the dining sector to purchase kitchen products
- Apply for a U Gro business loan digitally without going branch.
- The loan process is really faster.
- The business loan is available for restaurants business.
- U Gro Capital comes with flexible loan repayment tenure.
U Gro Capital Business Loan Eligibility Criteria
If you want to take a U Gro Capital loan, meet the below criteria:
- Business vintage should be 3 years old
- Required Age: 23 to 65 years
- CIBIL should be -1 or 700+
U Gro Capital Loan Interest, Fees & Charges
| Minimum Interest Rate | 9% p.a |
| Maximum Interest Rate | 36% p.a. |
| Processing Charges | 4% of the loan amount |
| Nach Bounce Charges | Rs. 750/- |
| Duplicate Statement | Rs. 500/- |
| Penal Charges | 3% of the due loan (per month) |
| Foreclose Fees | Up to 6% of the principal outstanding amount |
Documents Required for U Gro Capital Loan
- 3 years Vintage Proof (Trade License/ IT File/ GST File)
- KYC Documents (Aadhaar Card/ Pan Card)
- 12 months bank statement
- Residential Proof (Rent Agreement/ Electricity bill)
- Other Documents income proof (Based on your business)
How to Apply for U Gro Business Loan
Step 1: Just click on the “U Gro Business Loan” button.
Step 2: Carefully fill out the basic details form.
Step 3: U Gro customer care call you for the verification process.
Step 4: Hand over your all documents to U Gro through a branch visit.
Step 5: Once the documentation & verification are complete, you will get the loan eligibility.
U Gro Capital Business Loan Customer Care
You can easily reach out to U Gro Capital customer care for business loan related quires:
Customer Care Number: +91-22-41821600
Official Email ID: [email protected] / [email protected]
FAQs on U Gro Capital Business Loan
How much business loan U Gro Capital provides?
U Gro Capital provides up to Rs. 50 lakh business loans to different sectors.
What is the interest rate of the U Gro Capital business loan?
U Gro Capital business loan minimum interest is 9% to maximum interest is 36% per annum.
Who can take U Gro Capital Loan?
U Gro Capital loan is available only for self-employed persons who have their own businesses. U Gro Capital provides secured & unsecured business loans.