Disclaimer….before you read ahead!
The information contained herein is of a general nature and for information purposes only, with the intent of raising awareness around various resources, schemes etc. available for women entrepreneurs in India. It is not intended to address the circumstances of any particular individual or entity. It does not purport to be all-inclusive or necessarily contain all the information that may be relevant for the reader, and may be subject to updation, revision or amendment. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to remain accurate in the future. The reader, therefore, is required to exercise their discretion; and not act on such information without appropriate professional advice after a thorough examination of the particular situation.
Furthermore, we are not a lender and are not authorized by the Reserve Bank of India to act as one. By disseminating the information contained herein, we are not soliciting any borrower or customers for the company or organization mentioned herein nor do we intend to syndicate any capital for the reader of this article.
About this scheme…
Unsecured Business Loan (Udyam Loan) is a collateral free loan offering by Ambit Finvest Private Limited (Ambit Finvest), a non-deposit taking, systemically important Non-Banking Finance Company (NBFC) registered with Reserve Bank of India (RBI), designed to empower MSMEs that want to grow and increase profits.
How is it being implemented?
Under this Scheme, direct loans are provided to,
- MSMEs especially Micro & Small Enterprises in manufacturing, services, retail or trading sectors
What’s on offer?
I. Product
- Term Loan
- Ticket Size: up to ₹50 Lakhs
II. Purpose:
- Acquisition of or investment in fixed assets
- Working capital requirements
III. Borrower Type:
- Sole Proprietorship, Partnership Firm, Limited Liability Partnership (LLP), Company, Trust
IV. Security or Collateral or Guarantee or Insurance
- Primary Security: There may be primary charge on assets financed under this Scheme
- Collateral Security: Nil
- Guarantee: Nil
- Insurance: For more information around this, please contact Ambit Finvest via means mentioned below
V. Interest Rate
- Starts at 16% per annum
- Exact rates depend on loan amount, loan tenure, and borrower’s profile
VI. Processing Fee
- Up to 3% + GST
- For more information around this, please contact Ambit Finvest via means mentioned below
VII. Margin Money Requirement
- For more information around this, please contact Ambit Finvest via means mentioned below
VIII. Tenure, Repayments & Pre-Closures
- Tenure: up to 36 months
- Repayments: EMIs. Scroll here to refer to the EMI calculator
- Pre-payment & Foreclosure Charges
- May range between 2% – 4%
- For more information around this, please contact Ambit Finvest via means mentioned below
IX. Turnaround Time
- This Scheme is characterised by the following features:
- Minimum Documentation
- Maximum Convenience
- Quick Loan Processing
- Typically, after submitting all the required documents which are complete in all aspects, the approval process usually takes within 7 working days
- For specific information around quick turnaround time from Approval to Disbursement, please contact Ambit Finvest via means mentioned below
Interested? Read ahead to check your eligibility….
I. Are you between 23 & 65 years of age?
II. Has your business been in operations for over 3 years?
III. Is the annual turnover of your business at least ₹50 Lakhs?
IV. Is your CIBIL score greater than 675?
If your answers to the questions above are an emphatic YES, you are all set to avail Ambit Finvest’s Unsecured Business Loan!
Alternatively, you can also scroll here to check your eligibility!
So…how big is this scheme and what has been done so far?
I. As of March 31, 2025, of the total AUM of ₹4,502 Crores, Ambit Finvest’s loan outstanding towards Unsecured Business Loan were ₹1,141 Crores (27%)
II. Scroll here to go through few of their Client Testimonials
So, now, how should you go about it?
I. For submitting application:
OR
OR
- Call +91 9015790157
II. For indicative list of documentation required, please scroll here to get to Collateral Free Loan Document Requirements section
III. For any queries, please contact Ambit Finvest via:
- E-mail: customercare@ambit.co
OR
- Call: +91 9015790157 | +91 9115998000
OR
Go on then…and do spread the word!
Best
Sources:
