Home » Aadhaar Cash (Aadhaarcash.Limited) Business Loan: Business Age, Eligibility Criteria 

Aadhaar Cash (Aadhaarcash.Limited) Business Loan: Business Age, Eligibility Criteria 

by Everydays Journal
Aadhaar Cash business loan

Small and medium-sized businesses are the backbone of the Indian economy. They play a crucial role in driving economic growth, creating jobs, and increasing income levels. However, to achieve their full potential, businesses need access to finance to fuel their growth. This is where Aadhaar Cash Business Loan comes in – a financial product designed to meet the specific needs of small and medium-sized enterprises.

Aadhaar Cash Business Loan Interest Rate

Aadhaar Cash (Aadhaarcash.Limited) offers a range of business loans, each with a different interest rate depending on the type of loan and the borrower’s creditworthiness. The interest rate depends on various factors such as loan amount, repayment tenure, credit score of the borrower, and the type of collateral provided, if any. It is important to note that the interest rates are subject to change from time to time, and borrowers should check the latest interest rates at the time of applying for a loan.

Aadhaar Cash offers you hassle-free financial support up to 50 lakhs at @7.00% ROI with min@7.5% to max@8.5% APR with a repayment period of a min 1 year to a max of 20 years, and zero processing fees.

Suppose,
The Loan Amount is 10,000, Interest Rate is 7% p.a, and Loan Period is 1 Year. Then the total repayment amount after 1 year is 10,000 + 700(7% ROI) = Rs 10,700

Aadhaar Cash Business Loan Eligibility Criteria

To be eligible for an Aadhaar Cash Business Loan, the borrower must meet the following criteria:

  1. Business Vintage: The business should have been in existence for at least 2 years.
  2. Turnover: The minimum turnover of the business should be Rs. 40 lakhs per annum.
  3. Profitability: The business should have been profitable for the last 2 years.
  4. Credit Score: The credit score of the borrower should be good. A credit score is a three-digit number that represents a borrower’s creditworthiness. A good credit score indicates that the borrower has a history of timely repayment of loans and credit card bills.
  5. Age: The borrower should be at least 21 years old and not more than 65 years old.
  6. Collateral: Depending on the loan amount and type, Aadhaar Cash (Aadhaarcash.Limited)  may ask for collateral or security. The collateral can be in the form of property, stocks, bonds, or any other asset that has a resale value.

Types of Aadhaar Cash  Business Loans

Aadhaar Cash  offers a range of business loans to meet the diverse needs of small and medium-sized businesses. Some of the popular types of Aadhaar Cash  business loans are:

  1. Aadhaar Cash  SME Loan: This loan is designed for small and medium-sized enterprises. It can be used for working capital, purchase of machinery or equipment, or any other business-related expense. The interest rate on this loan starts from 7.5% p.a.
  2. Aadhaar Cash  Flexi Loan: This loan allows businesses to borrow money as per their requirements and pay interest only on the amount utilized. This loan can be used for working capital, expansion, or any other business-related expense.
  3. Aadhaar Cash  Startup Loan: This loan is designed for startups and new businesses. It can be used for working capital, purchase of machinery or equipment, or any other business-related expense. The interest rate on this loan starts from 7.5% p.a.
  4. Aadhaar Cash  SME Credit Card: This loan is similar to a credit card, where businesses can borrow money as per their requirements and pay interest only on the amount utilized. This loan can be used for working capital, purchase of raw materials, or any other business-related expense.

Benefits of Aadhaar Cash  Business Loans

  1. Low Interest Rates: Aadhaar Cash  business loans come with attractive interest rates that are among the lowest in the market. This helps businesses to save on interest costs and improve their profitability.
  2. Flexible Repayment Options: AadhaarCash  offers flexible repayment options that allow businesses to choose a repayment tenure that suits their cash flow. This helps businesses to manage their finances better.
  3. Quick Disbursement: Aadhaar Cash  business loans are disbursed quickly, usually within a few

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