Personal Loan
Personal loan is a kind of unsecured loan where you don’t need to put any collateral. It can be availed by any working professional whose salary is 15000 and above. You can use this personal loan for any of your personal needs like travel, emergency medical aid, School fees or any purchases. Loan amount depends upon the monthly salary and the credit eligibility
of yours.
Orrish Finance will help you with availing the personal loan in an easy and hassle-free way. The entire loan application process requires less documentation and no physical presence is required for the approval. Hence saving a lot of time and
effort as there is no manual intervention. Our team will verify all the documents for approval. Once it is approved, the loan
amount will be transferred to your bank account.
Information Required
- Personal information & current Address
- Reference Contact details of your friends and relatives
- Employment details of your company
- Documents such as PAN, Aadhaar Card, Photo and Address Proof
- Bank statement of latest 3 months
- Post Dated Cheques.
Frequently Asked Questions
Personal Loan
Q.1 Why Orrish Finance for availing the Personal Loan?
The lending process usually takes 3 - 4 business days. The documentation required is
less as compared to banks. The entire process depends on how fast you serve us the
documents. Once it is approved, the loan amount is transferred in your bank account.
Q.2 What is the minimum salary required to avail the Personal Loan from Orrish Finance?
The minimum salary must be at least 15000.
Q.3 What are the documents required for availing Personal Loan?
You need to submit the copy of Aadhaar card, PAN card Photo and Address Proof.
Apart from these you need to provide us with your employment details such as your
company name, employment id, bank statement and salary slip of last 3 months. You
need to provide us Post Dated Cheques for EMI’s Collection.
Q.4 What is Credit score and how it is linked to the Personal Loan?
Credit scores or CIBIL (Credit Information Bureau Limited) score are the same thing.
Credit score is a three-digit number used by the banks and NBFCs to track your
repayment ability. Once you take the loan, repay it on the time, this will improve your
credit score what we call as Creditworthiness. Also, in future a higher credit score will
help you in availing loan of higher amount that too at lower interest rate.
Q.5 What are the prepayment charges?
Yes, you can repay before the due date. Prepayment charges after six months are nil.
Q.6 What is the interest rate for the Personal Loan?
The interest rate depends upon the loan amount and credit score, it will be between 12-30%.
Q.7 What are the repayment modes?
All the payment modes are available i.e., Bank transfer, Cash Collection, NACH, UPI, etc.
Q.8 What is the tenure of Orrish Finance Personal Loan?
Orrish Finance offers a flexible Personal Loan with a tenure starting from 12 months to 36 months.
Business Loan
Business loan is borrowed for new business or expanding the existing one. You need
business loan to grow your business or to build your credit so that you are eligible for
larger loans in the future. But make sure that you pay off the debts as soon as possible
in order to increase your credit score.
Orrish Finance will help you with availing the business loan in an easy and hassle-free
way. The entire loan application process requires less documentation for the approval.
Hence saving a lot of time and effort. Our team will verify all the documents for approval.
Once it is approved, the loan amount will be transferred to your bank account.
The loan amount depends upon the Turnover, business income and the credit score..
Information Required
- Personal information & current address
- Reference Contact details such as of your friends and relatives.
- Documents such as PAN, Aadhaar Card, Photo and Address Proof
- Proof of Business continuation
- Address proof of the company’s premises (Electricity bill, lease agreement, Gst certificate)
- Audited financials of last 3 years.
- Post Dated Cheques
Frequently Asked Questions
Business Loan Questions
Q.1 Why Orrish Finance for availing the Business loan?
Our lending process usually takes 3 - 4 business days. The documentation required is less as compared to banks. The whole process depends on how fast you serve us the documents. Once it is approved, the loan amount is transferred to your bank account.
Q.2 What is the minimum profit required to avail the Business Loan?
The minimum profit must be at least 100000 per annum.
Q.3 What are the documents required for availing Business Loan?
You need to submit the copy of Aadhar card, PAN card Photo and Address Proof. Apart from these you need to provide us with your Audited financials of last 3 years, Address proof of the company’s premises (Electricity bill, lease agreement, Gst tax certificate). You need to provide us Post Dated Cheques for EMI’s Collection.
Q.4 What is Credit score and how it is linked to the Business Loan?
Credit scores or CIBIL (Credit Information Bureau Limited) score are the same thing. Credit score is a three-digit number used by the banks and NBFCs to track your repayment ability. Once you take the loan, repay it back on the time. This will improve your credit score that is we call as Creditworthiness. An in future a higher credit score will help you in availing loan of higher amount that too at lower interest rate.
Q.5 Is there any security/collateral required to obtain the Business Loan?
No, there is no need of any collateral for availing the business loan. But for high ticket loans, you may need to give some collateral.
Q.6 What are the prepayment charges?
Yes, you can repay before the due date. Prepayment charges after six months are nil
Q.7 What is the interest rate for the Business Loan?
The interest rate depends upon the loan amount and credit score, it will be between 12-30%.
Q.8 What are the repayment modes?
All the payment modes are available i.e., Bank transfer, Cash Collection, NACH, UPI, etc.
Q.9What is the tenure of Orrish Finance Business Loan?
Orrish Finance offers a flexible Business Loan with a tenure starting from 12 months to 36 months.
