Question 1

For what purpose I can take business loans from Aasaan Credits?

Accepted Answer

You can take business loans from Aasaan Credits to increase the cash flow of your business, to purchase raw materials, to buy machinery and equipment, to increase the stock, to maintain the operational expenses of your business, renovate your office etc.

Question 2

I am a proprietor and running a shop, can I take a business loan from Aasaan Credits?

Accepted Answer

Yes, you can take a loan from Aasaan Credits.

Question 3

I am a businessman but I haven’t file Income Tax Return in the past, can I apply for a business loan with Aasaan Credits?

Accepted Answer

Yes, you can apply for a business loan with Aasaan Credits based on your bank account transactions and sales turnover.

Question 4

I am a businessman but I don’t have GSTIN, can I apply a business loan with Aasaan Credits?

Accepted Answer

Yes, you can apply for a business loan with Aasaan Credits even if your business is not registered with GST

Question 5

What is the business loan interest rate of Aasaan Credits?

Accepted Answer

Our Interest rate is in the range of 14% to 20% annually.

Question 6

Up to what amount I can get a business loan from Aasaan Credits?

Accepted Answer

Your loan amount depends on your eligibility however one can get maximum of ₹10 Lacs and minimum of ₹50K for a business.

Question 7

What is a maximum and minimum loan tenure for a business loan?

Accepted Answer

Maximum loan tenure for a business loan is 36 months (3 years) and a minimum tenure is 1 month.

Question 8

My CIBIL score is below 700, can I get a loan from Aasaan Credits?

Accepted Answer

Yes, you can get a business loan from Aasaan Credits even if your CIBIL score is less than 700.