Small Business Loan: Tradofina 2.5.6

Tradofina provides instant Credit and Small Business loans from an RBI-registered NBFC. Tradofina offers an Instant Credit Loan ranging from ₹ 5000 to ₹ 60,000 with an APR that varies between 14% to 28% for a tenure of 3 to 24 months.

Example: Small business owners/self-employed individuals can avail an instant credit loan of ₹10,000. The total processing fee amounts to approximately 8%. The interest rate is 18% p.a for a tenure of 3 months, resulting in a total payable amount of ₹10,450, with an APR of 27.54%.

Tradofina delivers a swift personal loan experience through a completely paperless and digital KYC process. By analyzing your financial SMS transactions, the app assesses income, tracks expenses, evaluates creditworthiness accurately, safeguards against potential fraud, and provides secure access to credit within just 5 minutes.

Tradofina Instant Credit Loan App Products

Quick Cash - Instant Credit Loan

Tradofina offers an instant personal loan to salaried customers and self-employed store owners ranging from ₹5000 to ₹60,000, requiring only a PAN and Aadhaar Card with a tenure of 24 months.

Collateral-free Small Business Loans

Tradofina provides business capital loans up to ₹1,00,000 for small business and store owners to support their daily business operations.

Loans to Different Types of Priority Sectors

Tradofina extends loans up to ₹60,000 to priority sectors as defined by the RBI. These loans are targeted towards women, artisans, small vendors, village and cottage industries, among others.

Top categories & businesses that have benefited from and availed the instant credit loan from Tradofina include:

• Instant credit for Kirana Shop, General Store, Grocery Store, Medical Store
• Instant loan for Mobile Recharge and Electronics Shops
• Quick Cash for Bakery, Snacks and Juice Shops
• Instant Cash for Street vendors, Fruits and Vegetable shops

Here are examples of EMI, Fees, and Interest rates for instant credit products offered by the Tradofina app:

• Loan amount (Principal): ₹ 30,000
• Tenure: 12 months
• Interest Rate: 18% per annum
• Processing Fee (incl. GST): ₹ 750 (2.5%)
• Total Interest: ₹ 3,005
• EMI: ₹ 2,750
• APR: 22.91%
• Disbursed amount: ₹ 29,250
• Total loan repayment amount: ₹ 33,000
• Total Cost of the Loan = Interest Amount + Processing Fees = ₹3005 + ₹750 = ₹3755

- Minimum age - 21 years
- Minimum income of ₹12,000 for salaried individuals & ₹15,000 for small business/vendors

The Tradofina app is entirely digital and does not require any physical documents. You only need to provide your PAN Card number, upload a digital copy of your Aadhaar Card and take a selfie to avail your instant credit and business loan.

• Instant verification and speedy credit disbursement
• Favorable & affordable interest rates and processing fees
• Convenient repayment options (UPI, Debit Card, Net Banking, Bank Transfer)
• Online approval in just 5 minutes
• No collateral or credit card required
• Secure transactions through 256-bit SSL encryption
• RBI-registered NBFC backed by Arnold Holdings Ltd.

1. Install Tradofina - Instant Credit and Small Business Loan App
2. Register with your mobile number
3. Upload KYC documents and check your personal loan eligibility
4. Accept the offer and receive instant loan approval
5. The approved loan amount will be credited to your account instantly