U GRO Capital Business Loan

U Gro Capital Business Loan Highlights
Interest Rate	9% to 36% p.a.
Loan Amount	Up to Rs 5 crore
Loan Tenure	Up to 10 years
Processing Fees	Up to 4% of loan amount sanctioned

Note: Interest rates as of 15th April 2024

U Gro Capital Business Loan Interest Rates

U Gro Capital Business Loan interest rates range between 9% to 36% p.a. The NBFC finalises the interest rates for its business loan schemes depending on the customer profile, their past repayment track record, the credit and default risk in the product, customer segment, market reputation, nature and value of primary & collateral securities, external ratings of the customer, industry trends, etc. Additionally, U Gro Capital also looks at factors like the cost of funds, rates offered by competitors, administrative costs and duration of relationship with the customers while deciding the interest rates.

Fees and Charges for Business Loan from U Gro Capital

The fees and charges for availing U Gro Capital Business Loans are mentioned below:

Processing Fees for U Gro Capital Business Loans

Particulars	Concessions
Processing fees	Up to 4% of loan amount sanctioned (non-refundable)

Part Prepayment/Foreclosure Charges for U Gro Capital Business Loans

Particulars

Concessions

Part prepayment or foreclosure charges*

For unsecured loans: 6% of outstanding principal amount for loan foreclosure within 12 months of loan sanction 5% of outstanding principal amount for loan foreclosure after 12 months of loan sanction For secured loans (immovable property): 6% of outstanding principal amount for early payment/loan foreclosure within 12 months of loan sanction 4% of outstanding principal amount for early payment (more than 25% of principal outstanding at beginning of financial year) / loan foreclosure after 12 months of loan sanction For supply chain finance: 4% of sanctioned limit if terminated or foreclosed within 12 months of sanction date For loan against electronic payment: 6% of outstanding principal amount for loan foreclosure within 12 months of loan sanction 5% of outstanding principal amount for loan foreclosure after 12 months of loan sanction For secured loans (movable property): 6% of outstanding principal amount for loan foreclosure within 12 months of loan sanction 4% of outstanding principal amount for loan foreclosure after 12 months of loan sanction For unsecured credit limit: 6% of outstanding principal amount for loan foreclosure within 12 months of loan sanction 5% of outstanding principal amount for loan foreclosure after 12 months of loan sanction For secured credit limit: 6% of outstanding principal amount for loan foreclosure within 12 months of loan sanction 5% of outstanding principal amount for loan foreclosure after 12 months of loan sanction For micro unsecured loans: 6% of outstanding principal amount for loan foreclosure within 12 months of loan sanction 5% of outstanding principal amount for loan foreclosure after 12 months of loan sanction For micro secured immovable property: 6% of outstanding principal amount for early payment/loan foreclosure within 12 months of loan sanction 4% of outstanding principal amount for early payment (more than 25% of principal outstanding at beginning of financial year) / loan foreclosure after 12 months of loan sanction

*No prepayment/foreclosure charges for floating rate term loans sanctioned to individual borrowers.

Other Charges for U Gro Capital Business Loans

Particulars	Concessions
Cersai Charges	Rs 500
RTO transfer charges*	Rs 10,000
Duplicate RC issuance charges*	Rs 10,000
PDS / EDC / NACH Bounce Charges per transaction	Rs 750
Repayment instruction change / swap charges	Rs 1,000
EMI repayment cycle date change	Rs 1,000
Modification of loan terms post first disbursement (including but not limited to rescheduling of loan repayment term, addition/deletion of co borrowers etc.)	Up to 2% of principal outstanding (as on the date of transaction)
Issuance of duplicate income tax certificate	Rs 500
Issuance of duplicate NOC	Rs 500
Duplicate Statement of Account (SOA)	Rs 500
Document Retrieval	Rs 1,000
Loan cancellation charges	Rs 20,000 plus interest rate from disbursement date till date of request of cancellation
Penal Charges	3% per month on overdue instalment

*May vary geographically from RTO to another

Types of Business Loans provided by U Gro Capital

U Gro Capital Business Loan for K-12 Schools

Purpose: This secured business loan scheme is designed to provide financing to both franchisees and standalone schools for multiple purposes including acquiring land for their school, building classrooms, renovating existing facilities, improving/adding student facilities, procuring classroom furniture and equipments & fund new teaching equipment and resources, maintain quality of teaching/non-teaching staff, etc.

Eligibility: The eligibility criteria for this business loan variant for K-12 schools are as follows:

• Proprietors, partnership firms, limited liability partnerships (LLP), private and public limited companies, trust and societies with minimum 5 years work experience / business vintage are eligible for availing this business loan scheme
• The schools should be up to Class XII level (K12) along with additional facilities including play schools, residential and boarding schools. The students should be offered courses via the classroom teaching mode only.
• To be eligible for K12 funding, every entity should have at least 1 school with classes of up to minimum 8th standard.
• The schools should be affiliated to one of the following boards: State board, CBSE (Central Board of Secondary Education), ICSE (Indian Certificate of Secondary Education), International Board or IGCSE (International General Certificate of Secondary Education). This norm is not applicable to play schools.
• The minimum student strength should be 150 students (for schools affiliated to the international board) and 450 students (for schools affiliated with state, CBSE, ICSE or IGCSE Boards)
• The entity should verify and document all regulatory approvals from fire, health, municipal and sanitation departments. In case a school falls under the jurisdiction of a gram panchayat, the entity running the school should get an approval from the panchayat.
• Age: The age criteria for business loan borrowers are as follows:
  • For borrowers: 65 years at the time of loan maturity
  • For co-borrowers: 23 years to 65 years (at the time of loan maturity)

Loan amount: Rs 25 lakh to Rs 5 crore

Loan tenure: 1 to 8 years

Business Loan from U Gro Capital for Play Schools

Purpose: U Gro Capital offers both secured and unsecured business loans to play schools or day care centres in the form of working capital for upgrading their facilities and expanding into new neighbourhoods. Both franchisees and standalone play schools/day care centres are eligible for availing this loan.

Eligibility: Loan applicants must fulfil the below mentioned criteria to become eligible availing this business loan scheme:

• Proprietors, partnership firms, LLP, private limited companies and closely held limited companies with at least 5 years work experience / business vintage are eligible for availing this business loan scheme.
• Age: The age criteria for home loan borrowers are as follows:
  • For borrowers: 65 years at the time of loan maturity
  • For co-borrowers: 23 years to 65 years (at the time of loan maturity)

Loan amount: Rs 10 lakh to Rs 50 lakh (for unsecured business loans) and Rs 25 lakh to Rs 5 crore (for secured business loans)

Loan tenure: 1 to 3 years (for unsecured business loans) and 1 to 10 years (for secured business loans)

U Gro Capital Business Loan for Agro-Chemicals

Purpose: This business loan is offered to MSME entities in the agro-chemical sector for their working capital needs, adding and upgrading machinery, purchasing stock, making advance payments, investing in research and development, etc. U Gro Capital offers both secured and unsecured business loans under this scheme.

Eligibility: The eligibility criteria for U Gro Capital Business Loans for agro-chemicals are as follows:

• Proprietors, partnership firms, LLPs, private limited companies and closely held limited companies with at least 5 years business vintage or work experience are eligible for availing this business loan scheme.
• Age: The age criteria for business loan borrowers are as follows:
  • For borrowers: 65 years at the time of loan maturity
  • For co-borrowers: 23 years to 65 years (at the time of loan maturity)

Loan amount: Rs 10 lakh to Rs 50 lakh (for unsecured business loans) and Rs 25 lakh to Rs 5 crore (for secured business loans)

Loan tenure: 1 to 3 years (for unsecured business loans) and 1 to 10 years (for secured business loans)

Business Loans from U Gro Capital for Chemical Traders

Purpose: U Gro Capital offers both secured and unsecured loans for business entities dealing in agro chemicals, commodity chemicals, speciality chemicals, bulk and polymers, dyes and pigments, etc. for working capital needs, purchasing stock, making advance payments and getting cash discounts, etc.

Eligibility: The eligibility criteria for U Gro Capital Business Loans for chemical traders are as follows:

• Proprietors, partnership firms, LLPs, private limited companies and closely held limited companies with at least 5 years business vintage or work experience are eligible for availing this business loan scheme.
• Age: The age criteria for home loan borrowers are as follows:
  • For borrowers: 65 years at the time of loan maturity
  • For co-borrowers: 23 years to 65 years (at the time of loan maturity)

Loan amount: Rs 10 lakh to Rs 50 lakh (for unsecured business loans) and Rs 25 lakh to Rs 5 crore (for secured business loans)

Loan tenure: 1 to 3 years (for unsecured business loans) and 1 to 10 years (for secured business loans)

Business Loans from U Gro Capital for Dyes and Pigments

Purpose: This business loan scheme (both of secured and unsecured nature) is for MSME entities operating in the dyes and pigments industry for working capital needs, purchasing stock, buying/upgrading machinery, making advance payments and getting cash discounts, etc.

Eligibility: The eligibility criteria for U Gro Capital Business Loans for dyes and pigments are as follows:

• Proprietors, partnership firms, LLPs, private limited companies and closely held limited companies with at least 5 years business vintage or work experience are eligible for availing this business loan scheme.
• Age: The age criteria for business loan borrowers are as follows:
  • For borrowers: 65 years at the time of loan maturity
  • For co-borrowers: 23 years to 65 years (at the time of loan maturity)

Loan amount: Rs 10 lakh to Rs 50 lakh (for unsecured business loans) and Rs 25 lakh to Rs 5 crore (for secured business loans)

Loan tenure: 1 to 3 years (for unsecured business loans) and 1 to 10 years (for secured business loans)

U Gro Capital Business Loan for Specialty Chemicals

Purpose: U Gro Capital offers business loans for MSME entities dealing in specialty chemicals like advanced polymers, additives, sealants, adhesives, coatings or fine chemicals. for working capital needs, purchasing new machinery or upgrading existing ones, buying stock, making advance payments, etc. The NBFC offers both secured and unsecured business loans under this scheme.

Eligibility: The eligibility criteria for this business loan scheme is mentioned below:

• Proprietors, partnership firms, LLPs, private limited companies and closely held limited companies with at least 5 years business vintage or work experience are eligible for availing this business loan scheme.
• Age: The age criteria for business loan borrowers are as follows:
  • For borrowers: 65 years at the time of loan maturity
  • For co-borrowers: 23 years to 65 years (at the time of loan maturity)

Loan amount: Rs 10 lakh to Rs 50 lakh (for unsecured business loans) and Rs 25 lakh to Rs 5 crore (for secured business loans)

Loan tenure: 1 to 3 years (for unsecured business loans) and 1 to 10 years (for secured business loans)

Business Loans from U Gro Capital for Other Chemicals

Purpose: U Gro Capital offers both secured and unsecured loans for MSME business entities for working capital needs, purchasing new machinery or upgrading existing ones, buying stock, making advance payments, etc.

Eligibility: The eligibility criteria for this business loan variant are as follows:

• Proprietors, LLPs, partnership firms, private limited companies and closely held limited companies with at least 5 years business vintage or work experience are eligible for availing this business loan scheme.
• Age: The age criteria for home loan borrowers are as follows:
  • For borrowers: 65 years at the time of loan maturity
  • For co-borrowers: 23 years to 65 years (at the time of loan maturity)

Loan amount: Rs 10 lakh to Rs 50 lakh (for unsecured business loans) and Rs 25 lakh to Rs 5 crore (for secured business loans)

Loan tenure: 1 to 3 years (for unsecured business loans) and 1 to 10 years (for secured business loans)

U Gro Capital Business Loan for Fine Dining – Standalone

Purpose: U Gro Capital offers customised loans (of both secured and unsecured nature) for MSME entities in the fine dining sector for purchasing kitchen equipment, getting better storage facilities, more chefs and staff, etc.

Eligibility: Loan applicants should fulfil the below mentioned criteria to be eligible for this business loan scheme:

• Proprietors, LLPs, partnership firms, private limited companies and closely held limited companies with at least 5 years business vintage or work experience are eligible for availing this business loan scheme.
• Age: The age criteria for business loan borrowers are as follows:
  • For borrowers: 65 years at the time of loan maturity
  • For co-borrowers: 23 years to 65 years (at the time of loan maturity)

Loan amount: Rs 10 lakh to Rs 50 lakh (for unsecured business loans) and Rs 25 lakh to Rs 5 crore (for secured business loans)

Loan tenure: 1 to 3 years (for unsecured business loans) and 1 to 10 years (for secured business loans)

U Gro Capital Business Loan for Quick Service Restaurants

Purpose: This business loan scheme is for quick service restaurants, with minimum turnover of Rs 1 crore, to help them expand/upgrade their storage facilities, improve staffing and delivery fleet to grow their overall reach. The NBFC offers both secured and unsecured business loans under this scheme.

Eligibility: The eligibility criteria for loan applicants availing U Gro Capital Business Loans for quick service restaurants is as follows:

• The quick service restaurant must have Zomato listing/rating, approval from FSSAI (Food Safety and Standards Authority of India), regulatory approval from the fire department and trade licence.
• Proprietors, LLPs, partnership firms, private and public limited companies with at least 2 years work experience or business vintage are eligible for availing this business loan scheme.
• Age: The age criteria for business loan borrowers are as follows:
  • For borrowers: 65 years at the time of loan maturity
  • For co-borrowers: 23 years to 65 years (at the time of loan maturity)

Loan amount: Rs 10 lakh to Rs 50 lakh (for unsecured business loans) and Rs 25 lakh to Rs 5 crore (for secured business loans)

Loan tenure: 1 to 3 years (for unsecured business loans) and 1 to 10 years (for secured business loans)

Business Loans from U Gro Capital for Boutique Hotels

Purpose: U Gro Capital offers customised loans (both secured and unsecured) for boutique hotels for the purpose of expansion, renovation, staffing and for providing working capital solutions.

Eligibility: The eligibility conditions for U Gro Capital Business Loans for boutique hotels is mentioned below:

• Proprietors, LLPs, partnership firms, private limited companies and closely held limited companies with at least 5 years business vintage or work experience are eligible for availing this business loan scheme.
• Age: The age criteria for business loan borrowers are as follows:
  • For borrowers: 65 years at the time of loan maturity
  • For co-borrowers: 23 years to 65 years (at the time of loan maturity)

Loan amount: Rs 10 lakh to Rs 50 lakh (for unsecured business loans) and Rs 25 lakh to Rs 5 crore (for secured business loans)

Loan tenure: 1 to 3 years (for unsecured business loans) and 1 to 10 years (for secured business loans)

U Gro Capital Business Loan for Nursing Homes

Purpose: This business loan scheme from U Gro Capital is apt for nursing homes, with turnover of Rs 2 crore and above, for expanding infrastructure, upgrading equipment, adding machines, training and hiring more staff, etc. U Gro Capital offers both secured and unsecured loans under this business loan variant.

Eligibility: The eligibility criteria for U Gro Capital Business Loans for nursing homes is mentioned below:

• Proprietors, LLPs, partnership firms, private limited companies and closely held limited companies with at least 5 years business vintage or work experience are eligible for availing this business loan scheme.
• The nursing home must be registered with the Indian Medical Association (IMA) and National Accreditation Board of Hospitals (NABH) along with permission from the civic body.
• It needs to have a minimum capacity of 10 beds and it should be run by qualified doctors with at least 1 qualified medical practitioner and 3 qualified nursing staff being available round the clock.
• The nursing home should also have certificates with IMA or state medical associations. Self-employed loan applicants should have a mandatory registration certificate mandatory to be eligible for availing this business loan.
• Age: The age criteria for business loan borrowers are as follows:
  • For borrowers: 70 years at the time of loan maturity
  • For co-borrower doctors: 27 years to 70 years (at the time of loan maturity)

Loan amount: Rs 10 lakh to Rs 50 lakh (for unsecured business loans) and Rs 25 lakh to Rs 5 crore (for secured business loans)

Loan tenure: 1 to 4 years (for unsecured business loans) and 1 to 10 years (for secured business loans)

Business Loans from U Gro Capital for Eye and Dental Clinics

Purpose: U Gro Capital offered both secured and unsecured business loans for eye and dental clinics for expanding infrastructure, upgrading technology, procuring general & specialised equipment and for staffing purposes.

Eligibility: The eligibility criteria for this business loan scheme is mentioned below:

• Proprietors, LLPs, partnership firms, private limited companies and closely held limited companies with at least 5 years business vintage or work experience are eligible for availing this business loan scheme.
• Age: The age criteria for business loan borrowers are as follows:
  • For borrowers: 65 years at the time of loan maturity
  • For co-borrowers: 23 years to 65 years (at the time of loan maturity)

Loan amount: Rs 10 lakh to Rs 50 lakh (for unsecured business loans) and Rs 25 lakh to Rs 5 crore (for secured business loans)

Loan tenure: 1 to 3 years (for unsecured business loans) and 1 to 10 years (for secured business loans)

U Gro Capital Business Loan for Pathology Labs

Purpose: The business loan variant offered by U Gro Capital for pathology labs aim to provide the necessary finance for expanding infrastructure, upgrading & adding devices used in the lab and for staffing.

Eligibility: The eligibility criteria for this business loan scheme is mentioned below:

• Proprietors, LLPs, partnership firms, private limited companies and closely held limited companies with at least 5 years business vintage or work experience are eligible for availing this business loan scheme.
• Age: The age criteria for business loan borrowers are as follows:
  • For borrowers: 65 years at the time of loan maturity
  • For co-borrowers: 23 years to 65 years (at the time of loan maturity)

Loan amount: Rs 10 lakh to Rs 50 lakh (for unsecured business loans) and Rs 25 lakh to Rs 5 crore (for secured business loans)

Loan tenure: 1 to 3 years (for unsecured business loans) and 1 to 10 years (for secured business loans)

Business Loans from U Gro Capital for Bearings

Purpose: U Gro Capital Business Loan for Bearings provides the necessary finance for upgrading machinery, adding workshops, automating processes, etc.

Eligibility: The eligibility criteria for this business loan scheme is mentioned below:

• Proprietors, LLPs, partnership firms, private limited companies and closely held limited companies with at least 5 years business vintage or work experience are eligible for availing this business loan scheme.
• Age: The age criteria for business loan borrowers are as follows:
  • For borrowers: 65 years at the time of loan maturity
  • For co-borrowers: 23 years to 65 years (at the time of loan maturity)

Loan amount: Rs 10 lakh to Rs 50 lakh (for unsecured business loans) and Rs 25 lakh to Rs 5 crore (for secured business loans)

Loan tenure: 1 to 3 years (for unsecured business loans) and 1 to 10 years (for secured business loans)

U Gro Capital Business Loan for Fasteners

Purpose: U Gro capital provides both secured and unsecured business loans for upgrading machinery, automating processes, adding workshops and improving staffing for business units working in the fasteners industry.

Eligibility: The eligibility criteria for this business loan scheme is mentioned below:

• Proprietors, LLPs, partnership firms, private limited companies and closely held limited companies with at least 5 years business vintage or work experience are eligible for availing this business loan scheme.
• Age: The age criteria for business loan borrowers are as follows:
  • For borrowers: 65 years at the time of loan maturity
  • For co-borrowers: 23 years to 65 years (at the time of loan maturity)

Loan amount: Rs 10 lakh to Rs 50 lakh (for unsecured business loans) and Rs 25 lakh to Rs 5 crore (for secured business loans)

Loan tenure: 1 to 3 years (for unsecured business loans) and 1 to 10 years (for secured business loans)

Business Loans from U Gro Capital for Light Engineering Traders

Purpose: This business loan variant provides the required funding for light engineering trading entities for working capital needs, inventory management & logistics, expanding and improving storage facilities, purchasing stocks, etc. U Gro Capital offers both secured and unsecured loan options under this business loan variant.

Eligibility: The eligibility criteria for this business loan scheme is mentioned below:

• Proprietors, LLPs, partnership firms, private limited companies and closely held limited companies with at least 5 years business vintage or work experience are eligible for availing this business loan scheme.
• Age: The age criteria for business loan borrowers are as follows:
  • For borrowers: 65 years at the time of loan maturity
  • For co-borrowers: 23 years to 65 years (at the time of loan maturity)

Loan amount: Rs 10 lakh to Rs 50 lakh (for unsecured business loans) and Rs 25 lakh to Rs 5 crore (for secured business loans)

Loan tenure: 1 to 3 years (for unsecured business loans) and 1 to 10 years (for secured business loans)

U Gro Capital Business Loan for Process Control Instruments

Purpose: Business units working in the field of process control instruments can make use of this business loan variant from U Gro Capital to upgrade their machinery and technology, automate processes, add workshops and improve staffing along with benefitting from cash discounts, bulk buying and advance payments.

Eligibility: The eligibility criteria for this business loan scheme is mentioned below:

• Proprietors, LLPs, partnership firms, private limited companies and closely held limited companies with at least 5 years business vintage or work experience are eligible for availing this business loan scheme.
• Age: The age criteria for business loan borrowers are as follows:
  • For borrowers: 65 years at the time of loan maturity
  • For co-borrowers: 23 years to 65 years (at the time of loan maturity)

Loan amount: Rs 10 lakh to Rs 50 lakh (for unsecured business loans) and Rs 25 lakh to Rs 5 crore (for secured business loans)

Loan tenure: 1 to 3 years (for unsecured business loans) and 1 to 10 years (for secured business loans)

Business Loans from U Gro Capital for Pipes

Purpose: This customised business loan variant from U Gro Capital helps pipe manufacturing units purchase bulk inventory, add workshops ,upgrade their machinery and technology, automate processes, expand their product line, etc. The NBFC offers both secured and unsecured business loans for pipe manufacturing units.

Eligibility: The eligibility criteria for this business loan scheme is mentioned below:

• Proprietors, LLPs, partnership firms, private limited companies and closely held limited companies with at least 5 years business vintage or work experience are eligible for availing this business loan scheme.
• Age: The age criteria for business loan borrowers are as follows:
  • For borrowers: 65 years at the time of loan maturity
  • For co-borrowers: 23 years to 65 years (at the time of loan maturity)

Loan amount: Rs 10 lakh to Rs 50 lakh (for unsecured business loans) and Rs 25 lakh to Rs 5 crore (for secured business loans)

Loan tenure: 1 to 3 years (for unsecured business loans) and 1 to 10 years (for secured business loans)

Business Loans from U Gro Capital for Medical Equipment and Devices

Purpose: U Gro Capital offers both secured and unsecured business loans for manufacturers of medical equipment and devices for upgrading their machinery and technology, adding workshops, investing in research and development, acquiring raw materials and special components, etc. The NBFC also provides facilities like advance payments and cash discounts.

Eligibility: The eligibility criteria for this business loan scheme is mentioned below:

• Proprietors, LLPs, partnership firms, private limited companies and closely held limited companies with at least 5 years business vintage or work experience are eligible for availing this business loan scheme.
• Age: The age criteria for business loan borrowers are as follows:
  • For borrowers: 65 years at the time of loan maturity
  • For co-borrowers: 23 years to 65 years (at the time of loan maturity)

Loan amount: Rs 10 lakh to Rs 50 lakh (for unsecured business loans) and Rs 25 lakh to Rs 5 crore (for secured business loans)

Loan tenure: 1 to 3 years (for unsecured business loans) and 1 to 10 years (for secured business loans)

U Gro Capital Business Loan for Forging

Purpose: Business units involved in forging components for companies in sectors like engineering, automotives, mining, petrochemical, hydrocarbon, railways etc. can avail business loans from U Gro Capital for several purposes including upgrading machinery, adding workshops, improving manpower and automating existing processes.

Eligibility: The eligibility criteria for this business loan scheme is mentioned below:

• Proprietors, LLPs, partnership firms, private limited companies and closely held limited companies with at least 5 years business vintage or work experience are eligible for availing this business loan scheme.
• Age: The age criteria for business loan borrowers are as follows:
  • For borrowers: 65 years at the time of loan maturity
  • For co-borrowers: 23 years to 65 years (at the time of loan maturity)

Loan amount: Rs 10 lakh to Rs 50 lakh (for unsecured business loans) and Rs 25 lakh to Rs 5 crore (for secured business loans)

Loan tenure: 1 to 3 years (for unsecured business loans) and 1 to 10 years (for secured business loans)

Business Loans from U Gro Capital for Casting

Purpose: U Gro Capital offers business loans for cast manufacturing units for several functions including upgrading machinery, adding workshops, improving manpower and automating existing processes.

Eligibility: The eligibility criteria for this business loan scheme is mentioned below:

• Proprietors, LLPs, partnership firms, private limited companies and closely held limited companies with at least 5 years business vintage or work experience are eligible for availing this business loan scheme.
• Age: The age criteria for business loan borrowers are as follows:
  • For borrowers: 65 years at the time of loan maturity
  • For co-borrowers: 23 years to 65 years (at the time of loan maturity)

Loan amount: Rs 10 lakh to Rs 50 lakh (for unsecured business loans) and Rs 25 lakh to Rs 5 crore (for secured business loans)

Loan tenure: 1 to 3 years (for unsecured business loans) and 1 to 10 years (for secured business loans)

U Gro Capital Business Loan for Engine Parts

Purpose: Business entities engaged in manufacturing engine parts can avail business loans from U Gro Capital for their working capital needs, upgrading their machinery and technology, automating operations, investing in research and development, etc. U Gro provides both secured and unsecured business loans for manufacturers of engine parts and components.

Eligibility: The eligibility criteria for this business loan scheme is mentioned below:

• Proprietors, LLPs, partnership firms, private limited companies and closely held limited companies with at least 5 years business vintage or work experience are eligible for availing this business loan scheme.
• Age: The age criteria for business loan borrowers are as follows:
  • For borrowers: 65 years at the time of loan maturity
  • For co-borrowers: 23 years to 65 years (at the time of loan maturity)

Loan amount: Rs 10 lakh to Rs 50 lakh (for unsecured business loans) and Rs 25 lakh to Rs 5 crore (for secured business loans)

Loan tenure: 1 to 3 years (for unsecured business loans) and 1 to 10 years (for secured business loans)

Business Loans from U Gro Capital for Miscellaneous Rubber Components

Purpose: U Gro Capital offers loans for business units engaged in manufacturing miscellaneous rubber components in order to fulfil their working capital needs, upgrading their machinery and technology, automating operations, diversifying their product line, etc.

Eligibility: The eligibility criteria for this business loan scheme is mentioned below:

• Proprietors, LLPs, partnership firms, private limited companies and closely held limited companies with at least 5 years business vintage or work experience are eligible for availing this business loan scheme.
• Age: The age criteria for business loan borrowers are as follows:
  • For borrowers: 65 years at the time of loan maturity
  • For co-borrowers: 23 years to 65 years (at the time of loan maturity)

Loan amount: Rs 10 lakh to Rs 50 lakh (for unsecured business loans) and Rs 25 lakh to Rs 5 crore (for secured business loans)

Loan tenure: 1 to 3 years (for unsecured business loans) and 1 to 10 years (for secured business loans)

U Gro Capital Business Loan for Interiors

Purpose: Business entities engaged in manufacturing non-electric interiors can avail business loans from U Gro Capital for their working capital needs, upgrading their technology and machines, investing in research and development, automating operations, etc. U Gro provides both secured and unsecured business loans for manufacturers of engine parts and components.

Eligibility: The eligibility criteria for this business loan scheme is mentioned below:

• Proprietors, LLPs, partnership firms, private limited companies and closely held limited companies with at least 5 years business vintage or work experience are eligible for availing this business loan scheme.
• Age: The age criteria for business loan borrowers are as follows:
  • For borrowers: 65 years at the time of loan maturity
  • For co-borrowers: 23 years to 65 years (at the time of loan maturity)

Loan amount: Rs 10 lakh to Rs 50 lakh (for unsecured business loans) and Rs 25 lakh to Rs 5 crore (for secured business loans)

Loan tenure: 1 to 3 years (for unsecured business loans) and 1 to 10 years (for secured business loans)

Business Loans from U Gro Capital for Traders

Purpose: U Gro Capital offers both secured and unsecured business loans for traders to fulfil their working capital needs, improve inventory management and logistics, upgrading their machinery and technology, purchasing stock, avail cash discounts and large order discounts, etc.

Eligibility: The eligibility criteria for this business loan scheme is mentioned below:

• Proprietors, LLPs, partnership firms, private limited companies and closely held limited companies with at least 5 years business vintage or work experience are eligible for availing this business loan scheme.
• Age: The age criteria for business loan borrowers are as follows:
  • For borrowers: 65 years at the time of loan maturity
  • For co-borrowers: 23 years to 65 years (at the time of loan maturity)

Loan amount: Rs 10 lakh to Rs 50 lakh (for unsecured business loans) and Rs 25 lakh to Rs 5 crore (for secured business loans)

Loan tenure: 1 to 3 years (for unsecured business loans) and 1 to 10 years (for secured business loans)

U Gro Capital Business Loan for Consumables and Miscellaneous

Purpose: Business entities engaged in the consumables and miscellaneous sector can avail secured/unsecured business loans from U Gro Capital to fulfil their working capital needs, automate operations, upgrading their machinery and technology, avail cash discounts, etc.

Eligibility: The eligibility criteria for this business loan scheme is mentioned below:

• Proprietors, LLPs, partnership firms, private limited companies and closely held limited companies with at least 5 years business vintage or work experience are eligible for availing this business loan scheme.
• Age: The age criteria for business loan borrowers are as follows:
  • For borrowers: 65 years at the time of loan maturity
  • For co-borrowers: 23 years to 65 years (at the time of loan maturity)

Loan amount: Rs 10 lakh to Rs 50 lakh (for unsecured business loans) and Rs 25 lakh to Rs 5 crore (for secured business loans)

Loan tenure: 1 to 3 years (for unsecured business loans) and 1 to 10 years (for secured business loans)

Business Loans from U Gro Capital for Electrical Parts

Purpose: U Gro Capital offers both secured and unsecured business loans for electrical parts manufacturers to fulfil their working capital needs, add workshops, improve logistics and staffing, upgrade their technology and machines, automate operations, etc.

Eligibility: The eligibility criteria for this business loan scheme is mentioned below:

• Proprietors, LLPs, partnership firms, private limited companies and closely held limited companies with at least 5 years business vintage or work experience are eligible for availing this business loan scheme.
• Age: The age criteria for business loan borrowers are as follows:
  • For borrowers: 65 years at the time of loan maturity
  • For co-borrowers: 23 years to 65 years (at the time of loan maturity)

Loan amount: Rs 10 lakh to Rs 50 lakh (for unsecured business loans) and Rs 25 lakh to Rs 5 crore (for secured business loans)

Loan tenure: 1 to 3 years (for unsecured business loans) and 1 to 10 years (for secured business loans)

U Gro Capital Business Loan for Suspension and Breaking Parts

Purpose: Business entities engaged in the manufacturing suspension and breaking parts can avail secured/unsecured business loans from U Gro Capital to manage their working capital needs, automate operations, enhance their machinery/technology, improve logistics, etc.

Eligibility: The eligibility criteria for this business loan scheme is mentioned below:

• Proprietors, LLPs, partnership firms, private limited companies and closely held limited companies with at least 5 years business vintage or work experience are eligible for availing this business loan scheme.
• Age: The age criteria for business loan borrowers are as follows:
  • For borrowers: 65 years at the time of loan maturity
  • For co-borrowers: 23 years to 65 years (at the time of loan maturity)

Loan amount: Rs 10 lakh to Rs 50 lakh (for unsecured business loans) and Rs 25 lakh to Rs 5 crore (for secured business loans)

Loan tenure: 1 to 3 years (for unsecured business loans) and 1 to 10 years (for secured business loans)

Business Loans from U Gro Capital for Body and Chassis

Purpose: U Gro Capital offers both secured and unsecured business loans for manufacturers of products like chassis frames, chassis components and to body components/assemblies to manage their working capital requirements, automate operations, add workshops, improve logistics and staffing, modernise technology/machines, etc.

Eligibility: The eligibility criteria for this business loan scheme is mentioned below:

• Proprietors, LLPs, partnership firms, private limited companies and closely held limited companies with at least 5 years business vintage or work experience are eligible for availing this business loan scheme.
• Age: The age criteria for business loan borrowers are as follows:
  • For borrowers: 65 years at the time of loan maturity
  • For co-borrowers: 23 years to 65 years (at the time of loan maturity)

Loan amount: Rs 10 lakh to Rs 50 lakh (for unsecured business loans) and Rs 25 lakh to Rs 5 crore (for secured business loans)

Loan tenure: 1 to 3 years (for unsecured business loans) and 1 to 10 years (for secured business loans)

U Gro Capital Business Loan for Drive Transmission and Steering Parts

Purpose: Business entities manufacturing drive transmission and steering parts can avail secured/unsecured business loans from U Gro Capital to finance their working capital needs, add workshops, invest in research and developments, improve logistics, enhance their machinery/technology, etc.

Eligibility: The eligibility criteria for this business loan scheme is mentioned below:

• Proprietors, LLPs, partnership firms, private limited companies and closely held limited companies with at least 5 years business vintage or work experience are eligible for availing this business loan scheme.
• Age: The age criteria for business loan borrowers are as follows:
  • For borrowers: 65 years at the time of loan maturity
  • For co-borrowers: 23 years to 65 years (at the time of loan maturity)

Loan amount: Rs 10 lakh to Rs 50 lakh (for unsecured business loans) and Rs 25 lakh to Rs 5 crore (for secured business loans)

Loan tenure: 1 to 3 years (for unsecured business loans) and 1 to 10 years (for secured business loans)

Business Loans from U Gro Capital for Dairy Products

Purpose: U Gro Capital offers both secured and unsecured loans for business units in the dairy products industry to improve/expand refrigeration facilities and storage, purchase stock, manage their working capital needs, etc.

Eligibility: The eligibility criteria for this business loan scheme is mentioned below:

• Proprietors, LLPs, partnership firms, private limited companies and closely held limited companies with at least 5 years business vintage or work experience are eligible for availing this business loan scheme.
• Age: The age criteria for business loan borrowers are as follows:
  • For borrowers: 65 years at the time of loan maturity
  • For co-borrowers: 23 years to 65 years (at the time of loan maturity)

Loan amount: Rs 10 lakh to Rs 50 lakh (for unsecured business loans) and Rs 25 lakh to Rs 5 crore (for secured business loans)

Loan tenure: 1 to 3 years (for unsecured business loans) and 1 to 10 years (for secured business loans)

U Gro Capital Business Loan for Consumer Foods and Beverages

Purpose: Individuals/entities in the consumer foods and beverages business can avail secured/unsecured business loans from U Gro Capital to purchase stock and raw materials, finance their working capital needs, expand storage, invest in research and developments, etc.

Eligibility: The eligibility criteria for this business loan scheme is mentioned below:

• Proprietors, LLPs, partnership firms, private limited companies and closely held limited companies with at least 5 years business vintage or work experience are eligible for availing this business loan scheme.
• Age: The age criteria for business loan borrowers are as follows:
  • For borrowers: 65 years at the time of loan maturity
  • For co-borrowers: 23 years to 65 years (at the time of loan maturity)

Loan amount: Rs 10 lakh to Rs 50 lakh (for unsecured business loans) and Rs 25 lakh to Rs 5 crore (for secured business loans)

Loan tenure: 1 to 3 years (for unsecured business loans) and 1 to 10 years (for secured business loans)

Business Loans from U Gro Capital for Sea Foods

Purpose: U Gro Capital offers both secured and unsecured loans for business units in the sea foods industry to improve both transportation and storage facilities, purchase stock, manage their working capital needs, diversify their products, etc.

Eligibility: The eligibility criteria for this business loan scheme is mentioned below:

• Proprietors, LLPs, partnership firms, private limited companies and closely held limited companies with at least 5 years business vintage or work experience are eligible for availing this business loan scheme.
• Age: The age criteria for business loan borrowers are as follows:
  • For borrowers: 65 years at the time of loan maturity
  • For co-borrowers: 23 years to 65 years (at the time of loan maturity)

Loan amount: Rs 10 lakh to Rs 50 lakh (for unsecured business loans) and Rs 25 lakh to Rs 5 crore (for secured business loans)

Loan tenure: 1 to 3 years (for unsecured business loans) and 1 to 10 years (for secured business loans)

U Gro Capital Business Loan for Cables

Purpose: Cable manufacturing units can avail secured/unsecured business loans from U Gro Capital to expand their operations, upgrade machinery, finance their working capital needs, make advance payments and avail cash discounts, etc.

Eligibility: The eligibility criteria for this business loan scheme is mentioned below:

• Proprietors, LLPs, partnership firms, private limited companies and closely held limited companies with at least 5 years business vintage or work experience are eligible for availing this business loan scheme.
• Age: The age criteria for business loan borrowers are as follows:
  • For borrowers: 65 years at the time of loan maturity
  • For co-borrowers: 23 years to 65 years (at the time of loan maturity)

Loan amount: Rs 10 lakh to Rs 50 lakh (for unsecured business loans) and Rs 25 lakh to Rs 5 crore (for secured business loans)

Loan tenure: 1 to 3 years (for unsecured business loans) and 1 to 10 years (for secured business loans)

Business Loans from U Gro Capital for Fans and Lighting

Purpose: U Gro Capital offers both secured and unsecured loans for business units in the fans/lighting industry to fulfil their working capital needs, improve machinery and increase workshops,  go for process automation, fight price volatility, etc.

Eligibility: The eligibility criteria for this business loan scheme is mentioned below:

• Proprietors, LLPs, partnership firms, private limited companies and closely held limited companies with at least 5 years business vintage or work experience are eligible for availing this business loan scheme.
• Age: The age criteria for business loan borrowers are as follows:
  • For borrowers: 65 years at the time of loan maturity
  • For co-borrowers: 23 years to 65 years (at the time of loan maturity)

Loan amount: Rs 10 lakh to Rs 50 lakh (for unsecured business loans) and Rs 25 lakh to Rs 5 crore (for secured business loans)

Loan tenure: 1 to 3 years (for unsecured business loans) and 1 to 10 years (for secured business loans)

U Gro Capital Business Loan for Transformers and Switchgears

Purpose: The business loans offered by U Gro Capital for manufacturing units for transformers and switchgears provides them with the required financial assistance to purchase stock, get cash discounts from suppliers, improve their storage and selling facilities, etc.

Eligibility: The eligibility criteria for this business loan scheme is mentioned below:

• Proprietors, LLPs, partnership firms, private limited companies and closely held limited companies with at least 5 years business vintage or work experience are eligible for availing this business loan scheme.
• Age: The age criteria for business loan borrowers are as follows:
  • For borrowers: 65 years at the time of loan maturity
  • For co-borrowers: 23 years to 65 years (at the time of loan maturity)

Loan amount: Rs 10 lakh to Rs 50 lakh (for unsecured business loans) and Rs 25 lakh to Rs 5 crore (for secured business loans)

Loan tenure: 1 to 3 years (for unsecured business loans) and 1 to 10 years (for secured business loans)

U Gro Capital Business Loan Eligibility Criteria

The business loan eligibility criteria set for availing the U Gro Capital Business Loans are as follows:

• Proprietors, LLPs, partnership firms, private limited companies, public limited companies, closely held limited companies etc. with at least 5 years business vintage or work experience (2 years for quick service restaurants) are eligible for availing this business loan scheme.
• Age: The age criteria for business loan borrowers are as follows:
  • For borrowers: 65 years at the time of loan maturity (70 years for U Gro Capital Business Loan for Nursing Homes)
  • For co-borrowers: 23 years to 65 years (at the time of loan maturity). For U Gro Capital Business Loan for Nursing Homes the age limit is between 27 to 70 years.

Documents required for U Gro Capital Business Loan

U Gro Capital has not provided the list of documents required for business loans for its different schemes. Apart from the business loan documents for KYC verification, proof of business/residence address, income proof and proof of business continuity of the MSME business unit, the NBFC may ask for additional documents from its business loan applicants based on its requirements and the loan applicant’s profile.