| Loan Amount | ₹100,000 |
| Interest % | 8 % |
| Tenure (months) | 12 |
| Emi (monthly) | ₹ 8,699 |
| Total Interest | ₹ 4,386 |
| Loan Amount + Interest | ₹ 104,386 |
| Year | Total Principal ( A ) | Total Interest ( B ) | Balance ( A + B) | Total Payment | Loan Paid Till Date (%) | ||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ₹ 40,701 | ₹ 2,794 | ₹ 43,495 | ₹ 59,299 | 40.70 % | |||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||
| ₹ 59,301 | ₹ 1,592 | ₹ 60,893 | ₹ 0 | 100.00 % | |||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||
Any Self-employed person can apply
The minimum age of the applicant must be between 23-65
The minimum vintage of the business must be 3 years
The minimum CIBIL score of the applicant must be 675
Rs. 25 Lacs monthly business turnover requirement
Proprietorship and Partnership firms can apply
Identity Proof
Address Proof
Business Income Proof
Business Ownership Proof
Business Registration Proof
Yes, it is mandatory to provide Business Registration Proof to get an Ambit Finance Business Loan.
The minimum required business vintage to apply for an Ambit Finance Business Loan is 3 years.
No, Advocates can not apply for an Ambit Finance Business Loan
The maximum loan amount that can be availed of with an Ambit Finance Business Loan is Rs. 50 Lacs.
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