A Nandivardhan Group Company
Magnet Growth Loan
Secured / Unsecured Loans for your critical Business needs
Apply For Magnet Growth Loan
Documents Required
- KYC documents of Applicant & Co-applicants - Aadhar & PAN
- Business Id document - Udyam Registration, Shop Licence, GST registration certificate
- Bank Statement - Last 1 year
- Financial Documents - Last 2 years of Balance Sheet, P&L, Cash Flow, ITR & GST returns
- Existing Loans if any - Details
- Collateral - Property Information
- Guarantor - 1 mandatory for unsecured loans
Service Charge
- Processing Fees - Up to 5% (plus applicable taxes)
- Interest Rates - 18% p.a. onwards, upto 36% p.a. depending on the credit risk assessment of the borrower
- Stamp Duty and other statutory charges - On actuals
- Prepayment / Pre-closure Charges - Upto 5% or the principal amount being repaid + applicable taxes
- Penal charges - As per T&C mentioned in the sanctioned letter