Five Star Business Finance Limited Business Loan

Five-Star Business Finance Limited provides secured business loans to self-employed individuals and micro-entrepreneurs for business purposes. These loans can go up to Rs 10 lakh and have a tenure of up to 7 years. The loan amount is determined based on the cash flow analysis of the borrower.

Five-Star Business Loan Highlights
Interest Rate	Based on the customer profile
Loan Amount	Rs 1 lakh to Rs 10 lakh
Repayment tenure	Up to 7 years

*Terms and conditions apply.

Table of Contents
Five-Star Business Loan Interest Rate
Fees & Charges
Eligibility Criteria
Documents Required

Five-Star Business Loan Interest Rate

Five-Star Business Finance Limited hasn't publicly disclosed its business loan interest rates. However, the NBFC determines interest rates considering factors like risk premium, operational expenses, credit costs, expected profitability, and the cost of funds.

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 of Five-Star Business Loan

Particulars	Fees and Charges
Processing charges	Up to 2% of the loan amount plus taxes.
If loan is prepaid within 12 months of the disbursal date	1% of the prepaid amount
If pre closure is made after completion of 12 months from the date of loan disbursal	Nil
Penal interest	3% per month for delayed amount and for delayed period only
Legal and inspection charges	Up to Rs 2,000 per loan
ECS/ NACH bounce	Rs 500 per return
MOD registration expenses	At actuals
Cheque return	Rs 300 per return
Insurance premium	At actuals
DD for disbursement	At actuals
Collection Pick up charges/ Recovery Visit charges	Rs 100 per visit + GST
EC	At actuals
Stamp duty	At actuals
Document charges	Up to Rs 2,000 per loan + GST
Document storage related charges	Rs 500 per loan + GST

Eligibility Criteria of Five-Star Business Loan

Five-Star Business Finance Limited offers business loans to various individuals, including:

Micro-entrepreneurs
Self-employed individuals

Also read: Best Business Loan Eligibility

Five-Star Business Loan Documents Required

For partnership firms:

Registration certificate, if the firm is registered.
Partnership deed outlining the terms and conditions of the partnership.
An officially valid document confirming the authority of any individual holding power of attorney to transact on behalf of the partnership firm.

For resident individuals:

PAN Card/Form 60 (mandatory)
Plus any one of the following documents for identification.
Passport
Voter's identity Card issued by the Election Commission.
Driving License
Job card issued by NREGA duly signed by an officer of the state government.
Letter issued by the national population register containing details of name and address.
Digital KYC, where the customer's identity can be verified through capturing a live photo.
Proof of Possession of Aadhar number with Aadhaar number stricken.

Proof of business activity (any two of the following):

Name, address, and type of business, such as.
Registration certificate (if the business is registered)
Certificate or license from municipal authorities under the Shops & Establishments Act
Sales and income tax returns
CST/GST/VAT certificate
Certificate or registration document from tax authorities
Importer Exporter Code (IEC) or professional body license
Complete income tax return in the sole proprietor's name
Utility bills like electricity, water, and landline telephone bills.

Also Read : Best Business Loan Documents Required