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ASPIRE CREDIT LINE
ASPIRE CREDIT LINE
WHAT YOU NEED
Aadhar Number
PAN Number
6-months Bank Statement
Udyam Number
Any Business Proof Document (GST, Shop and establishment, FSSAI, Weights and Measures, Municipal/ Corporation certificate, etc)
Features
Features
Upto Rs. 1 lakh credit for sole proprietors!
1. Zeo Processing Fee
2. 0.1% Interest per day
3. Instant Disbursal
Fees & charges
Fees & charges
Fees and Charges
Interest Rate: 0.1% per day
Late fee: 5% of outstanding delinquent principal + GST
Processing fee: NIL
Other charges: NIL
Repayment:
Due date: 8th of next month
Instant repayment via Aspire web app (UPI, Debit card, and Net banking)
Auto-debit via eNACH (Debit card, Net-banking
Repayment links sent to customer via SMS and WhatsApp
Bureau based Rejection Criteria:
Age: 23-55
CRIF < 650
Thin/NTC Decline
Overdue Amount > 2000
Delinquency History
Last 3 months dpd >0
Last 6 months dpd > 30
Last 12 months dpd >60
Write offs
> 2000 in last 24 months
Banking based Rejection Criteria:
Any month with < 3 credit transactions in last 6 months - ask more banking
EMI bounce in last 2 months - decline
Cheque bounce in last 3 months > 6 or % check bounce > 5%
ABB < 4000 ( change per lowest line) - ask more banking
Average banking turnover in last 6 months < 20000 ( change per lowest line) - ask more banking
What Is a Line of Credit (LOC)?
A line of credit {LOC} is a preset borrowing limit that can be tapped into at any time. The borrower can take money out as needed until the limit is reached. As money is repaid, it can be borrowed again in the case of an open line of credit.
A LOC is an arrangement between a financial institution—usually a bank—and a customer that establishes the maximum loan amount the customer can borrow. The borrower can access funds from the line of credit at any time as long as they do not exceed the maximum amount (or credit limit) set in the agreement. This facility is only available to Resident Indians in sourceable pincodes of the servicing and issuing company partner.
Currently, we can assist you in applying with Stashfin. In case you apply directly on playstore app, you will be exempted from various features and built in offers like free credit period till bill dates. You can take our assistance to apply and complete your application journey that shall be defined by your source codes. Keep your Pan card, Aadhar card, 4 month recent salary bank statement (Email PDF format),current address proof (Utility Bills & rent agreements), 2 reference names with email, mobile and address ready for your application. Watsapp below these details for us to generate a lead, then you can complete rest of the steps yourself on the app.
Disclaimer: Applications are subject to declines based on stashfin underwriting decisions and policy changes from time to time without any prior notice. Honest champions will not be liable for any service gaps from the issuing NBFC.
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