RattanIndia Finance is one of the leading NBFCs offering business loans to self-employed customers, startups, micro to large-scale business ventures and MSMEs. Business loans offered by RattanIndia Finance starting from Rs. 5 lakh can be used for various expansion purposes, such as to meet working capital requirements, to purchase equipment and machinery, to expand office or factory premises, etc. The NBFC offers collateral-free loans at competitive interest rates to its customers.
Types of Business Loans offered by RattanIndia Finance
There are four types of business or MSME loans offered by the NBFC as mentioned below:
- Working Capital Loan
- Machinery Loan
- Factory Expansion Loans
- Loan for Inventory Purchase
Features & Eligibility Criteria of Business Loans from RattanIndia Finance – 2021
| Interest Rate | As per business requirements |
| Age Criteria | Min. 28 years and max. 65 years |
| Loan Amount | From Rs. 5 lakh to Rs. 50 lakh |
| Eligible Entities | Sole Proprietorship, Partnership Firm, Private Limited Companies, Closely Held Public Listed Companies, Societies & Trusts |
| Repayment Tenure | Up to 60 months |
| Processing Fee | Starting from 2% of the loan amount |
| Business Profitability | Should be in profit for past 2 consecutive years |
| Collateral/Security | Not required |
| Loan Approval Tenure | Within few hours after form submission |
Note: The above mentioned interest rate, fees and charges may change and shall depend on the sole discretion of the NBFC and RBI. GST shall be added extra as per the prevailing rate.
Documents Required
Find below the list of documents required to apply for a business loan from RattanIndia Finance:
- Duly filled application form with passport sized photographs
- Identity Proof: Passport, Aadhar Card, PAN Card, Driving License, Voter ID (Any one)
- Address Proof: Aadhar Card, Voter ID, Passport, Last 3 months’ Bank Statement, Registered Rent Agreement, Utility Bills (Any one)
- Business establishment proof
- Proof of ownership of residential or commercial property
- Financials: Last 2 years’ ITR, Balance Sheet, Profit & Loss Statement and Tax audit reports
- Any other document required by the NBFC
Below stated are the contact details and grievance redressal address for feedback, enquiry, suggestion or any complaints:
Contact Address:
a) RattanIndia Finance Pvt. Ltd.
5th Floor, Tower-B, Worldmark 1, Aerocity,
New Delhi -110037
email: wecare@rattanindia.in
Contact No: 1860-258-1000
b) Grievance Redressal Contact Details
Mr. Raj Rai
Redressal Officer & Principal Nodal Officer
e-mail: raj.rai@rattanindia.in
Tel: 011-46611666 (Board)
011-66612753 (Direct)
FAQs
What is the loan amount that I can borrow from RattanIndia Finance?
The minimum loan amount offered is Rs. 5 lakh and maximum amount that you can avail is up to Rs. 50 lakh.
Is there any option if I want to foreclose my business loan?
Yes, you have an option to foreclose your business loan after six months of loan start date.
Do I need to pay any processing fee for my business loan?
Yes, you are required to pay a processing fee starting from 2% of the loan amount (plus GST at the prevailing rate) for your loan.
Do I need to pay any collateral or security for my loan?
No, you are not required to pay any collateral or security for your business loan as the NBFC offers collateral free loans to its customers.
Do I have an option of balance transfer of my loan during the loan tenure?
Yes, the NBFC offers the option of balance transfer during loan tenure and can be checked with the help of its balance transfer calculator.