U GRO Capital Business Loan

U Gro Capital provides secured and unsecured business loans to Micro, Small, and Medium Enterprises (MSMEs) with interest rates starting from 9% per annum. These loans are available for amounts up to Rs. 5 crore and can be repaid over a period of up to 10 years. The NBFC caters to various categories of MSMEs, offering both secured and unsecured financing options.

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 Fee	Up to 4% of loan amount sanctioned

*Terms and conditions apply.

Table of Contents
Interest rate
Fees & Charges
Types
Eligibility Criteria
Documents Required

U Gro Capital Business Loan Interest Rates

U Gro Capital offers business loan interest rates ranging from 9% to 36% per annum. The finalization of interest rates depends on various factors such as customer profile, repayment track record, credit and default risk, customer segment, market reputation, nature and value of securities, external ratings, industry trends, and more. Additionally, factors like cost of funds, competitor rates, administrative costs, and customer relationship duration are also considered while determining the interest rates.

Comparison Table of Business Loan Interest Rates offered by MybankingTips Partners:

Bank/NBFC/Fintech	Interest Rate
SBI Bank	9.10% p.a.	Apply Now
HDFC Bank	10.00% - 22.50% p.a.	Apply Now
Kotak Mahindra Bank	16% p.a. onwards	Apply Now
RBL Bank	14%-26% p.a.	Apply Now
ICICI Bank	Up to 17% p.a.	Apply Now
Axis Bank	10.75% p.a.	Apply Now
IDBI Bank	8.05% to 13.45% p.a	Apply Now
Bank Of Baroda	10% to 15% p.a	Apply Now
Ujjivan Small Bank	Up to 2.50%	Apply Now
Bajaj Finserv	9.75% - 25% p.a.	Apply Now
IIFL Finance	12.75% - 44% p.a.	Apply Now
FlexiLoans	1% per month onwards	Apply Now
ZipLoan	1% - 1.5% per month (Flat)	Apply Now
Indifi Finance	1.5% per month onwards	Apply Now
Five Star Business Finance	Up to 2%	Apply Now
Lendingkart Finance	1.25% per month onwards	Apply Now
Tata Capital Finance	12% p.a. onwards	Apply Now
NeoGrowth Finance	15% p.a. onwards	Apply Now
Hero FinCorp	Up to 26% p.a.	Apply Now
Aye Finance	Up to 2.5%	Apply Now
Clix Capital	Up to 3%	Apply Now
Protium Finance	Up to 1.5%	Apply Now
HDB Finance	8% - 26% p.a.	Apply Now
U GRO Capital	Up to 9% p.a.	Apply Now
Mcapital Business	Up to 2% p.a.	Apply Now

Also read: Best Business Loan Interest Rate

Fees and Charges for Business Loan from U Gro Capital

The fees and charges for availing U Gro Capital Business Loans include:

Particulars	Concessions
Processing fees	Up to 4% of loan amount sanctioned (non-refundable)
Part prepayment or foreclosure charges*	For Unsecured Loans: Within 12 months of loan sanction: 6% of outstanding principal amount After 12 months of loan sanction: 5% of outstanding principal amount For Secured Loans (Immovable Property): Within 12 months of loan sanction: 6% of outstanding principal amount After 12 months of loan sanction (more than 25% of principal outstanding at the beginning of the financial year): 4% of outstanding principal amount For Micro Unsecured Loans: Within 12 months of loan sanction: 6% of outstanding principal amount After 12 months of loan sanction: 5% of outstanding principal amount For Micro Secured Immovable Property: Within 12 months of loan sanction: 6% of outstanding principal amount After 12 months of loan sanction (more than 25% of principal outstanding at the beginning of the financial year): 4% of outstanding principal amount For Loan Against Electronic Payment: Within 12 months of loan sanction: 6% of outstanding principal amount After 12 months of loan sanction: 5% of outstanding principal amount For Secured Loans (Movable Property): Within 12 months of loan sanction: 6% of outstanding principal amount After 12 months of loan sanction: 4% of outstanding principal amount For Supply Chain Finance: Within 12 months of sanction date: 4% of sanctioned limit if terminated or foreclosed For Unsecured Credit Limit: Within 12 months of loan sanction: 6% of outstanding principal amount After 12 months of loan sanction: 5% of outstanding principal amount For Secured Credit Limit: Within 12 months of loan sanction: 6% of outstanding principal amount After 12 months of loan sanction: 5% of outstanding principal amount

Particulars

Concessions

Processing fees

Up to 4% of loan amount sanctioned (non-refundable)

Part prepayment or foreclosure charges*

For Unsecured Loans:

Within 12 months of loan sanction: 6% of outstanding principal amount
After 12 months of loan sanction: 5% of outstanding principal amount

For Secured Loans (Immovable Property):

Within 12 months of loan sanction: 6% of outstanding principal amount
After 12 months of loan sanction (more than 25% of principal outstanding at the beginning of the financial year): 4% of outstanding principal amount

For Micro Unsecured Loans:

Within 12 months of loan sanction: 6% of outstanding principal amount
After 12 months of loan sanction: 5% of outstanding principal amount

For Micro Secured Immovable Property:

Within 12 months of loan sanction: 6% of outstanding principal amount
After 12 months of loan sanction (more than 25% of principal outstanding at the beginning of the financial year): 4% of outstanding principal amount

For Loan Against Electronic Payment:

Within 12 months of loan sanction: 6% of outstanding principal amount
After 12 months of loan sanction: 5% of outstanding principal amount

For Secured Loans (Movable Property):

Within 12 months of loan sanction: 6% of outstanding principal amount
After 12 months of loan sanction: 4% of outstanding principal amount

For Supply Chain Finance:

Within 12 months of sanction date: 4% of sanctioned limit if terminated or foreclosed

For Unsecured Credit Limit:

Within 12 months of loan sanction: 6% of outstanding principal amount
After 12 months of loan sanction: 5% of outstanding principal amount

For Secured Credit Limit:

Within 12 months of loan sanction: 6% of outstanding principal amount
After 12 months of loan sanction: 5% of outstanding principal amount

Other Charges for U Gro Capital Business Loans

Particulars	Concessions
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
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
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
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)

Also read: Best Business Loan EMI Calculator

Types of Business Loans provided by U Gro Capital

Business Loan from U Gro Capital for Play Schools:

Purpose: U Gro Capital offers business loans to play schools or daycare centers to support their growth and expansion initiatives. These loans can be utilized for various purposes, including upgrading facilities, expanding into new neighborhoods, and enhancing operational capabilities. Both franchisees and standalone play schools/daycare centers are eligible to apply for this loan.

Eligibility: To qualify for this business loan scheme, applicants must meet the following criteria:

Proprietors, partnership firms, LLPs, private limited companies, and closely held limited companies with a minimum of 5 years of work experience or business vintage are eligible.
Age Criteria:
- For borrowers: Up to 65 years at the time of loan maturity.
- For co-borrowers: Between 23 years to 65 years at the time of loan maturity.

Loan Amount:

Unsecured Business Loans: Rs. 10 lakh to Rs. 50 lakh.
Secured Business Loans: Rs. 25 lakh to Rs. 5 crore.

Loan Tenure:

Unsecured Business Loans: 1 to 3 years.
Secured Business Loans: 1 to 10 years.

U Gro Capital Business Loan for K-12 Schools

Purpose: This secured business loan scheme aims to provide financial assistance to both franchisees and standalone schools for various purposes. These include acquiring land, constructing classrooms, renovating existing facilities, improving or adding student amenities, procuring classroom furniture and equipment, funding teaching resources, and maintaining the quality of teaching and non-teaching staff.

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

To qualify for this business loan variant for K-12 schools, applicants must meet the following eligibility criteria:

Proprietors, partnership firms, limited liability partnerships (LLPs), private and public limited companies, trusts, and societies with a minimum of 5 years of work experience or business vintage are eligible.
Schools should be affiliated with state boards, CBSE, ICSE, IGCSE, or international boards (not applicable to play schools).
A minimum of 150 students for schools affiliated with international boards and 450 students for schools affiliated with state, CBSE, ICSE, or IGCSE boards.
The entity must obtain and document all necessary regulatory approvals from fire, health, municipal, and sanitation departments. If a school falls under the jurisdiction of a gram panchayat, approval from the panchayat is required.
Schools should offer education up to Class XII level (K12), including additional facilities such as play schools, residential, and boarding schools, operating through classroom teaching mode only.
Each entity should have at least one school offering classes up to a minimum of 8th standard.
Age Criteria:
- For borrowers: Up to 65 years at the time of loan maturity.
- For co-borrowers: Between 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

U Gro Capital Business Loan for Agro-Chemicals

Purpose: This loan is available to small and medium-sized businesses in the agro-chemical industry. It helps them with things like covering day-to-day expenses, buying or upgrading equipment, getting stock, paying upfront for supplies, and investing in research and development. U Gro Capital provides two types of loans: secured and unsecured, depending on the needs and circumstances of the business.

Eligibility: Here are the requirements for getting a business loan from U Gro Capital for agro-chemicals:

You can be a sole proprietor, part of a partnership firm, limited liability partnership (LLP), private limited company, or closely held limited company.
Your business should have been operating for at least 5 years.
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: For unsecured business loans, you can borrow from Rs 10 lakh to Rs 50 lakh, and for secured business loans, the range is from Rs 25 lakh to Rs 5 crore.

Loan tenure: The repayment period for unsecured loans is between 1 to 3 years, and for secured loans, it can be from 1 to 10 years.

Business Loans from U Gro Capital for Chemical Traders

Purpose: U Gro Capital provides loans for businesses in various chemical sectors like agro chemicals, specialty chemicals, and more. These loans can be secured or unsecured and are used for things like covering day-to-day expenses, buying stock, making advance payments, and taking advantage of cash discounts.

Eligibility: The eligibility requirements for U Gro Capital Business Loans for chemical traders are simple:

Business entities like proprietorships, partnerships, LLPs, private limited companies, and closely held limited companies must have at least 5 years of business experience.
For age, borrowers should be up to 65 years old at the time the loan matures, and co-borrowers should be between 23 to 65 years old at the time of loan maturity.

Loan amount: For unsecured business loans, you can borrow from Rs 10 lakh to Rs 50 lakh, and for secured business loans, the range is from Rs 25 lakh to Rs 5 crore.

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