FAQs

Why should I take a loan from UPF?

We provide collateral-free short term loans to businesses to promote their growth. So if you need funds for your working capital needs we are your best pick. Our loan features include easy documentation, quick disbursements and hassle free repayment schemes among other features.

What are the documents required?

We require basic documents for processing such as PAN Copy, Address Proof, 1 year Bank Statement and Financials.

What is rate of interest?

The rate of interest is between 15 to 24%, however it will depend on the basis of your overall profiling which will done on basis of your CIBIL score, Average Daily Bank Balance and other criteria.

How much Loan Amount can I get?

We offer Loan Amount ranging from INR 2 Lakhs to INR 50 Lakhs. Post documentation, we take only 48 hours to revert about your Loan Eligibility.

How is it EMI Free?

A normal Business Loan has a fixed date for repayment and you are required to pay a high amount at one go, however we have broken this amount into smaller daily amounts to put lesser burden on you in comparison to a normal Business Loan and make the repayment easy.

How much time will it take for Disbursal / (Processing Time)?

Normally the end to end loan processing take 4-5 working days after complete document submission; this is much faster than any other bank.

What is the Processing Fee (PF)?

The PF is between 1.5 to 2%, however it will depend on your overall profiling which will done on basis of your CIBIL score, Average Daily Bank Balance and other criteria.

How much is the Foreclosure Charge?

There is NIL foreclosure charge.

Is there any asset that I have to give as collateral against the loan?

You do not need to pledge any asset as collateral with us. We assess your loan eligibility based on your cash flows and CIBIL score and other criteria.

Can I repay the loan before the end of the stipulated tenure?

Yes you can repay the stipulated amount before the end of the tenure of the loan.

Can I reapply for another loan if I need more funds?

Yes. We have active renewal schemes for loans with added benefits and incentives.