FAQs

While the possibilities are endless, here are some common purposes for which a Banking Surrogate Business Loan can be procured for your business:
- Meeting working capital requirements
- Procuring raw material
- Fulfilling bulk orders
- Maintaining a healthy cash flow
- Purchasing inventory
- Paying suppliers in advance
- Paying for overhead costs like salaries, rent, office expenses etc.

There are three types of Banking Surrogate Business Loan that you can choose from –
a. BSBL – Maxima
b. BSBL – Prime
c. BSBL – Insignia
You can choose from any of the above based on your loan amount requirement.

All you need to do is, click here to easily apply for a Banking Surrogate Business Loan and upload the required documents. We will review your application, call you with our best offer based on your eligibility and disburse the sanctioned loan amount.

Here are the basic requirements for your business to be eligible for your choice of Banking Surrogate Business Loan
- BSBL – Maxima
- Promoter’s age should be between 23-65 years
- Business should be at least 1 year old
- Must have one owned premises in operating city. Proof of ownership not applicable if business vintage >=3 years
- Annual turnover should be between 50 lakh to 40 crore
- Have Bank statements for the last 12 months
- Should not fall under blacklisted list SBA finance
- Business should not fall under Ashv’s negative area list
- Trusts, NGOs and charitable organizations are not eligible

- BSBL – Prime
- Promoter’s age should be between 23-65 years
- Business should be at least 1 year old
- Must have one owned premises in operating city.
- Annual turnover should be between 50 lakh to 40 crore
- Have Bank statements for the last 12 months
- Should not fall under blacklisted list SBA finance
- Business should not fall under Ashv’s negative area list
- Trusts, NGOs and charitable organizations are not eligible

- BSBL – Insignia
- Promoter’s age should be between 23-65 years
- Business should be at least 3 years old
- Must have one owned premises in operating city
- Annual turnover should be between 50 lakh to 40 crore
- Have Bank statements for the last 12 months
- Should not fall under blacklisted list SBA finance
- Business location should not fall under Ashv’s negative area list
- Trusts, NGOs and charitable organizations are not eligible

BSBL – Maxima: 1 Lakh to 5 Lakh
BSBL – Prime: 5 Lakh to 10 Lakh
BSBL – Insignia: 10 Lakh to 20 Lakh

You can avail any of the three Banking Surrogate Business Loans for a minimum of 12 months to a maximum of 24 months (with a 6-month interval)

The following documents apply to all types of BSBL products at Ashv –
- KYC of the business entity and the business owner/s
- Proof of Ownership for residence / office. Residence-cum-office is not accepted.
- Business registration proof (AOA / MOA / Business registration certificate / GST registration certificate / Registered partnership deed / Gumasta shop establishment certificate)
- Business bank statements for the last 12 months

As the name suggests, Unsecured Business Loans do not require any collateral against the loan amount. Our Unsecured Business Loans are designed to help MSMEs meet their immediate funding requirements. If you are a manufacturer, trader, dealer or a service provider and you are willing to upscale your business, then an Ashv Unsecured Business Loan would be a great choice to meet your business requirements.

While the possibilities are endless, here are some common purposes for which an Ashv Unsecured Business Loan can be procured for your business:
- Investing in your firm’s infrastructure
- Meeting working capital requirements
- Installing new plant and machinery
- Upgrading to latest technology
- Pay for overhead costs like salaries, rent, office expenses etc.

All you need to do is, click here to easily apply for an Unsecured Business Loan and upload the required documents. We will review your application, call you with our best offer based on your eligibility and disburse the sanctioned loan amount.

Here are the basic requirements for your business to be eligible for an Unsecured Business Loan:
- Promoter’s age should be between 25-65 years
- Business must be located in the city where Ashv has physical presence. Locate your nearest Ashv branch
- Business should be at least 3 years old
- Have an annual turnover between ?3 crore to ?100 crore
- Have GST & ITR returns for the last 3 years
- Have business bank statements for the last 6 months
- Should not fall under blacklisted list of SBA finance
- Business location should not fall under Ashv’s negative area list
- Trusts, NGOs and charitable organizations are not eligible

You can avail an Unsecured Business Loan between Rs. 20 Lakh to Rs. 50 lakh. If you are a repeat customer of Ashv, then you can avail an Unsecured Business Loan of up to Rs. 75 Lakh.

You can avail an Unsecured Business Loan for a minimum of 12 months to a maximum of 36 months.

Here is a list of documents you need to scan and upload while applying for an Unsecured Business Loan with us.
- KYC of the business entity and the business owner/s
- Proof of Ownership for residence / office. Residence-cum-office is not accepted
- Business bank statements for the last 6 months
- Business registration proof (AOA / MOA / Business registration certificate / GST registration certificate / Registered partnership deed / Gumasta shop establishment certificate)
- GST returns for the last financial year
- Income tax returns for the last two years
- Loan obligation sheet and sanction letters including WC facility sanction letter
- Latest electricity bill of manufacturing unit/office unit

A GST Surrogate Business Loan is a product offering to MSME business owners to procure funding based on their GST record. If you are an MSME entrepreneur with at least 2 years of GST record, this loan would be the recommended choice for your business.

While the possibilities are endless, here are some common purposes for which a GST Surrogate Business Loan can be procured for your business:
- Meeting working capital requirements
- Procuring raw material
- Fulfilling bulk orders
- Maintaining a healthy cash flow
- Purchasing inventory
- Paying suppliers in advance
- Paying for overhead costs like salaries, rent, office expenses etc.

All you need to do is,click here to easily apply for a GST Surrogate Business Loan and upload the required documents. We will review your application, call you with our best offer based on your eligibility and disburse the sanctioned loan amount.

Here are the basic requirements for your business to be eligible for a GST Surrogate Business Loan:
- Promoter’s age should be between 25-60 years
- Business should be at least 3 years old
- Self-Owned Residence or Office
- Have a minimum annual turnover of Rs. 2 crore
- Have Bank statements for the last 6 months
- Should not fall under blacklisted list of SBA finance
- Business location should not fall under Ashv’s negative area list
- Trusts, NGOs and charitable organizations are not eligible

You can avail a GST Surrogate Business Loan between Rs. 5 lakh to Rs. 20 lakh.

You can avail a GST Surrogate Business Loan for a maximum of 24 months.

- KYC of the shop owner
- Proof of Ownership for residence / office
- GST Registration Certificate
- GSTR 3B for the last 24 months
- Business bank statements for the last 6 months
- ITR & Computation of Income for the last 1 year
- Loan obligation sheet

The Dukandar Loan is the latest addition to Ashv’s range of business loan products. A Dukandar Loan is specially crafted to meet day-to-day funding requirements of neighbourhood utility stores. If you are shopkeeper owning a Kirana, Medical, Hardware, Stationary, Electrical or a General store, then a Dukandar Loan would be an ideal choice for you.

While the possibilities are endless, here are some common purposes for which a Dukandar Loan can be procured for your business:
- Meeting working capital requirements
- Maintaining a healthy cash flow
- Purchasing stock
- Paying suppliers in advance
- Paying for overhead costs like rent, shop maintenance etc

All you need to do is, click here to easily apply for a Dukandar Loan and upload the required documents. We will review your application, call you with our best offer based on your eligibility and disburse the sanctioned loan amount.

Here are the basic requirements for your business to be eligible for a Dukandar Loan:
- Shop owner’s age should be between 21-55 years
- Shop must be in Municipal City Limits (other than slum area)
- Shop must be located in the same location for the last 3 yea Rs. If you are applying for a loan amount of more than Rs. 5 lakh, then it should be located in the same location for 5 yea Rs.
- Have an annual turnover between Rs. 50 lakh to Rs. 5 crore
- Area of shop should be above 150 sq.ft. for loan amount above Rs. 5 lakh
- Have ITR returns & computation of income for the last 3 years
- Have Bank statements for the last 6 months
- Owned residence (at shop’s location) or owned shop
- Shop location should not fall under Ashv’s negative area lis

You can avail a Dukandar Loan between Rs. 3 lakh to Rs. 20 lakh

You can avail a Dukandar Loan for a minimum of 12 months to a maximum of 24 months.

- KYC of the shop owner
- Proof of Ownership for residence / shop
- GST Registration Certificate
- Business bank statements for the last 12 months
- Shop Establishment License / Municipal Corporation Permission
- ITR & Computation of Income for the last 1 year
- Customer certified last 12 months sales
- Pharma Certificate for medical store

Ashv’s Secured Cluster Business Loans are specifically designed to meet the business funding requirements of tier 2 and tier 3 cities/towns of India. You will be required to mortgage some collateral to avail a Secured Cluster Business Loan from Ashv. Consequently, this allows you to enjoy lower interest rates, higher loan amount eligibility and a longer repayment tenure.

While the possibilities are endless, here are some common purposes for which a Secured Cluster Business Loan can be procured for your business:
- Investing in infrastructure
- Purchasing plant and machinery
- Scaling operations to fulfil larger projects and orders
- Fulfilling bulk orders
- Procuring raw material
- Maintaining a healthy cash flow

All you need to do is, click here to easily apply for a Secured Cluster Business Loan and upload the required documents. We will review your application, call you with our best offer based on your eligibility and disburse the sanctioned loan amount.

Here are the basic requirements for your business to be eligible for a Secured Cluster Business Loan:
- Promoter’s age should be between 25-60 years
- Business should be at least 5 years old
- Self-Owned Residence or Office
- Have a minimum annual turnover of Rs. 2 crore
- Have Bank statements for the last 12 months
- Should not fall under blacklisted list of SBA finance
- Business location should not fall under Ashv’s negative area list
- Trusts, NGOs and charitable organizations are not eligible

You can avail a Secured Cluster Business Loan between Rs. 11 lakh to Rs. 25 lakh.

You can avail a Secured Cluster Business Loan for a maximum of 48 months.

Acceptable Collateral –
- Residential property – Bungalow / Flat / Row House
- Commercial property – Commercial Building / Commercial Complex / Office
- Industrial property – Factory building / Godown or warehouse
Not Acceptable Collateral –
- Chawl / Slum
- School / Hospital / Hostel / College / Mall / Place of faith
- Third-party property
- Vacant or partially constructed property
- Open plot or agricultural-land

- KYC of the business entity and the business owner/s
- Proof of Ownership for residence / office. Residence-cum-office is not accepted.
- Business bank statements for the last 12 months
- Business registration proof (AOA / MOA / Business registration certificate / GST registration certificate / Registered partnership deed / Gumasta shop establishment certificate)
- GST returns for the last financial year
- ITR & Computation of Income for the last three years
- Loan obligation sheet and sanction letters including WC facility sanction letter
- Latest electricity bill of manufacturing unit/office unit
- Copy of property documents which is to be mortgaged