Aapka Apna Loan
Aapka Apna Loan
Aapka Apna Loan is an unsecured business loan designed for the lower income group, self-employed vendors, and retailers who rely on QR Code transactions for their daily business incomes.Self-employed vendors and retailers who use QR Code as a as a means of their daily business transactions are eligible for this loan.
Key Features of Aapka Apna Loan:
- Loan Amount: ₹10,000 – ₹1,00,000
- Loan Tenure: 40 or 60 days
- Processing Fees: 3% of approved loan amount + 18% GST
- Daily ROI: 0.4%
- Penalty / EDI Bounce Charges: ₹200 per bounced EDI
- Repayment: Daily instalments
- EDI Start Date: Day after tomorrow from disbursement date
- Lock-in Period for Foreclosure: 30 days
Requirement
Required Document
Eligibility
- Self-employed vendors/Shopkeepers/Retailers – Owned Shop
- Self-employed vendors/Shopkeepers/Retailers – Rented Shop
- Self-employed vendors/business person with home setup in OWNED house (Except Transport Business)
- Applicants should have good QR code & POS transaction records and a positive credit history to be eligible for the loan.
Benefits
- Zero Pre-Payment Charges: Pay off your loan anytime without extra fees.
- Fixed Rate of Interest: No surprises, predictable repayment.
- No CIBIL Check: Accessible even if you don’t have a credit score.
- Minimal Documentation: Hassle-free application process.
- Low Interest Rate: Affordable daily repayment.
- Short Loan Tenure: 40 or 60 days, ideal for quick financial needs.
- Daily Repayment: Avoid the burden of monthly EMIs.
- Zero Additional EDI Charges: EDI starts from T+2 (day after tomorrow) post disbursement.
- Zero Foreclosure Charges: After 30 days, you can close your loan without penalties.
- Door-to-Door Services: Step-by-step assistance for a seamless experience.
- Fast Disbursement: Receive your loan within 72 hours.
Mandatory Documents
- Business Documents:
- ✔ Latest 3 months’ account statements of the QR/POS code used for daily business income transactions
(Note: Paytm Banking & Wallet statements will not be considered) - ✔ 2 shop photos with the shop name clearly visible (inside & outside)
- ✔ KYC: Address proof & PAN card
- ✔ Shop registration documents: Shop Act / Gumasta / Aadhaar Udyog (Udyam) / Food License (FSSAI)
- ✔ 4 references: 2 blood relatives & 2 friends
- ✔ Latest 3 months’ account statements of the QR/POS code used for daily business income transactions
- Documents for Own House or Own Shop:
- ✔ Latest Electricity Bill OR Latest Gas Bill
- ✔ Aadhaar Card, Driving License, Passport, or Voter ID
- Documents for Rented House or Rented Shop:
- ✔ Notarized Rent Agreement with stamp
- ✔ Rent Agreement must be valid for at least 90 more days
- ✔ Business License (if shop address is mentioned)
- ✔ Can arrange/renew Rent Agreement if expiring within 90 days
Application Process
- Provide mandatory details (KYC, Latest 3 Months Account Statement linked with the QR code).
- Submit a copy of Business License and Address Proof, along with a Shop Photo with Name.
- Anscor will evaluate the eligibility of the loan with the amount.
- Loan amount is sanctioned after necessary checks and verifications.
- Receive funds directly in your account within a few hours.
Our Branches
Ghatkopar
Shop No. 10, Sandu Sankar Building, Hirachand Desai Road, Opp. Sarvodaya Hospital, Ghatkopar (West), Mumbai – 400086
Bhandup
Gala no 5, Govind niwas, Bhandup Station Rd, Bhandup (West), Mumbai, Maharashtra 400078
Thane
Shop No. 2, Station Rd, Juhu Chandan Society, Jambli Naka, Thane (West), Maharashtra 400612
Kalyan
Shop no 03, Usha sankul bldg, Near Kalyan Station Rd, Opposite Sagar international hotel, Bhanu Sagar Talkies, Bhanunagar, Bail Bazar, Bhoiwada, Kalyan (West), Maharashtra 421301.
Dombivli
Shop no. C-22, Nav Dombivli Co-operative Housing Society Ltd, Station Road, Ram Nagar, Dombivli (East), Maharashtra 421201.
Badlapur
Sai Prasad, Shop No. 15. Station Road, Near Vegetable Market, Badlapur (West), Maharashtra 421503.