Business Loans

Features and Benefits

With small business loans up to Rs. 30 lakh, funding for your small business is now just 24 hours away. Use the funds to invest in infrastructure, expand operations, upgrade to the latest plant and machinery, maintain inventory, or to increase working capital. These customized loans can give your business the much-needed boost to help your enterprise scale new heights with enhanced competitiveness and profitability.

Features
Large capital made affordable

MOHAM capital offers easy and quick business finance up to Rs. 30 lakh to small businesses at low interest rates. Whether your business has needs for short-term loans, intermediate-term loans or long-term loans, these loans are the perfect financing solution for your small-scale business.

Flexi Loan Facility

Withdraw only what you need and repay funds as per your business cash flow at nil prepayment charges. Pay only interest as EMIs, and repay the principal at the end of the tenor. Interest is charged only on the amount withdrawn, helping you to lower your EMIs by up to 45% and helping your cash flow.

Hassle-free unsecured loans

These unsecured business loans are approved in under 24 hours, come with easy eligibility criteria and can be applied for with just 2 documents. These exclusive features make MOHAM capital the best, fastest and most hassle-free business loan provider to meet urgent financial needs of your growing business.

Loans up to Rs. 30 Lakh

Whether your business has needs for short-term loans, intermediate-term loans or long-term loans, MOHAM capital offers business loans up to Rs. 30 lakhs. You can use the loan amount to invest in infrastructure, expand operations, buy equipment or inventory, or even to increase working capital.

No collateral

MOHAM capital business loans are collateral-free, which means you won’t have to put your personal or business assets on the line to get financing. And since you don’t need to pledge collateral, there is no requirement for appraisal of the value of your assets. As a result, with collateral-free loans, funding is much faster and requires only minimal documentation.

Pre-approved Offers

Apply online and get pre-approved offers for an instant loan without security from MOHAM capital. Enjoy a high top-up loan or an interest rate reduction on your business loan.

Online Account Access

You have the convenience of accessing your business loan statement anytime from anywhere.

Benefits

You can use a Business Loan to:

  1. Increase your business cash flow
  2. Lease bigger office premises
  3. Renovate your office
  4. Purchase, lease or repair machinery and equipment
  5. Upgrade to the latest technology
  6. Stock up on inventory
  7. Hire seasonal employees
  8. Purchase raw material for bulk orders
  9. Expand to another area or city
  10. Scale up operations and take on bigger projects and much more
Business Loan Eligibility Criteria

Qualifying for a business loan from MOHAM capital is simple. You just need to fulfil the following criteria to avail the benefits of the loan:

  1. You should be between 25-55 years old.
  2. Your business should have a record of at least 3 years.
  3. Your business should have its Income Tax returns filed for at least the past 1 year.
  4. You may need to submit other relevant financial documents at the time of document verification.
  5. You will be informed of these as and when required.

Here is a list of the Business Loan customer profiles that we consider:

Self Employed Professionals (SEP):

Allopathic doctors, chartered accountants, company secretaries and architects who are practicing their profession. Proof of qualification – document to be shared.

Self Employed Non Professionals (SENP):

Traders and manufacturers, retailers, Proprietors, and service providers etc.
Entities: Partnerships, Limited Liability Partnership, Private Limited and closely held Limited companies. Other constitution types depending on their profile on a case to case basis.

Documents Required for Business Loan

The document requirements for business loans are minimum, you simply need to hand over the following documents to our representative:

  1. Passport size photograph
  2. KYC documents
  3. Business proof: Certificate of business existence
  4. Relevant Financial documents
  5. Bank Account statement of last month

MOHAM capital’s lending criteria for business loans is easy and requirements for business loans are minimum, making the business loan process easy and hassle-free for you.

Business Loan Fees & Interest Rates

MOHAM capital offers the lowest rate of interest on Business Loan. Read more about our latest interest rate and fees and charges below.

Business Loan Interest Rate in India

Types of Fees Applicable Charges
Rate of interest 18% p.a. onwards
Processing fees Up to 3% of the loan amount
DOCUMENT/STATEMENT CHARGES
Statement of Account/ Repayment Schedule/Foreclosure Letter/No Objection Certificate/Interest Certificate/List of documents
Download your e-statements/letters/certificates at no extra cost by logging into Customer Portal – Experia.
You can get a physical copy of your statements/letters/certificates/List of Documents from any of our branches at a charge of Rs. 50/- (Inclusive of taxes) per statement/letter/certificate.
Bounce charges Up to Rs. 3000 (Inclusive of applicable taxes)
Penal interest (Applicable in case of non-payment of monthly Instalment on/before the Due – Date) 2% per month + applicable taxes
Document processing charges Rs. 1449 + applicable taxes
Outstation collection charges Rs. 65 + applicable taxes per repayment instrument

Annual/Additional Maintenance Charges

Details Charges
Flexi Term Loan 0.25% of the current Flexi Term Loan amount* + applicable taxes (as per the repayment schedule) on the date of levy of such charges
Flexi Hybrid Loan 1.0% of the loan amount* + applicable taxes during initial tenure. 0.25% of the current Flexi Term Loan amount plus applicable taxes during subsequent tenor

Note: Annual/Additional Maintenance Charge is deducted upfront every year for the complete tenor of the loan.

Foreclosure Charges

Details Full pre-payment Charges
Loan (Term Loan/Advance EMI/ Step-Up Structured Monthly Instalment/ Step-Down Structured Monthly Instalment) 4% on the Loan amount* + applicable taxes outstanding as on the date of such full pre-payment
Flexi Term Loan 4% on the current Flexi Term Loan amount* + applicable taxes (as per the repayment schedule) on the date of levy of such charges
Flexi Hybrid Loan 4% on the Loan amount* + applicable taxes during initial tenor 4% on the current Flexi Term Loan amount plus applicable taxes* during subsequent tenor

Part-Prepayment Charges

Borrower Type Time Period Full pre-payment Charges
Not applicable if the Borrower is an Individual and the Loan is availed on floating interest rate. More than 1 month from date of loan disbursal. 2% + applicable taxes on part-payment amount paid.

The following charges are applicable on Loan Against Property for Business Loan

Types of Fees Applicable Charges
Rate of interest 16% p.a. onwards
Processing fees 2% + applicable taxes
DOCUMENT/STATEMENT CHARGES
Statement of Account/ Repayment Schedule/Foreclosure Letter/No Objection Certificate/Interest Certificate/List of documents
Download your e-statements/letters/certificates at no extra cost by logging into Customer Portal – Experia.
You can get a physical copy of your statements/letters/certificates/List of Documents from any of our branches at a charge of Rs. 50/- (Inclusive of taxes) per statement/letter/certificate.
Outstation collection charges Rs. 65 + applicable taxes per repayment instrument
Mortgage Origination Fee (MOF) Rs. 5000 to Rs. 5500
Penal Interest 2% + applicable taxes
Bounce charges Rs. 2000 inclusive of taxes
Foreclosure charges (if any) 4% + applicable taxes
Any change in the terms, number of days’ notice published through company’s website/electronic media 30 days
Document processing charges Rs. 1449 + applicable taxes
Notice period for exercise of right of lien/setoff 7 days
Part-prepayment charges (Not applicable if the borrower is an individual and the loan is availed on a floating interest rate basis) 2% + applicable taxes

  1. Rejection Mandate Charge:
  2. Mandate Rejection Service Charge*: Rs 450 (Inclusive of applicable taxes)
  3. *Charges will be levied if new mandate form is not registered within 30 days from the date of rejection of previous mandate form by Customer’s Bank for any reasons whatsoever.