Bank : Faircent

Benefits

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Benefits

• No paperwork is required
• Minimal Documentation
• Upto 36 months tenure
• Get the loan amount directly into bank account
• Easy repayment options
• No collateral is required
• low processing fee 2-5%

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Term and Condition

Document Required for Business Owners

• Identity Proof (Aadhaar, PAN, Passport, etc.)
• Address Proof (Utility bills, Aadhaar, etc.)
• Proof of Business (GST Registration, Certificate of Incorporation, UDYAM, Trade Licence, Shop Act, Food Licence, Drug Licence )
• Business Financials last 2 years (ITR, Balance Sheet, P&L Account)
• Bank Statements (Last 12 months)

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Eligibility

• Age: Applicant must be 23-65 years old.
• Income: Should have stable income.
• Residency: Open to Indian residents.
• Credit Score: 680+ credit score is required for approval.
• Minimum ITR: Above 3 Lakhs
• Annual Turnover More than 12L

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Eligibility for Vintage

• 2+ YEARS GST with current or savings account.
• 1 year old current account with newest MSME is considered
• 2+ years intimation with new business registration is also considered

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Guideline

• Aadhaar card must link with his PAN card.
• Mobile number must be linked with Aadhaar.
• You must complete the entire application on your own device

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Note

• The You Should must remember the exact bank/nbfc You choose during the application.
• Ensure you keep a copy of your application reference number during the process for future tracking.

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