What does ACFL mean in FINANCE
Adi Chitragupta Finance Limited (ACFL) is a leading financial services provider in India. The company provides various financial products and services to its customers, including short-term loans, long-term loans, investments and insurance. ACFL has been in business for more than two decades and has established itself as a reliable and trusted source of finance for individual investors and corporate clients alike. With its strong performance and steady growth over the years, ACFL has become one of the most recognisable names in India's financial sector
ACFL meaning in Finance in Business
ACFL mostly used in an acronym Finance in Category Business that means Adi Chitragupta Finance Limited
Shorthand: ACFL,
Full Form: Adi Chitragupta Finance Limited
For more information of "Adi Chitragupta Finance Limited", see the section below.
Essential Questions and Answers on Adi Chitragupta Finance Limited in "BUSINESS»FINANCE"
What is Adi Chitragupta Finance Limited?
Adi Chitragupta Finance Limited (ACFL) is a finance company that provides secured and unsecured loans to SMEs (small and medium enterprises) and small businesses. We provide short, medium, and long-term funds to suit the needs of every customer. Our main products are business loans, invoice financing, credit lines, working capital loans, bridging loan facilities, asset-based lending, and other secured financing options.
Who can apply for a loan from ACFL?
Any SME or small business in India can apply for a loan from ACFL. To qualify for a loan you need to be a registered business entity and have been trading for at least 1 year. You also need to have satisfactory credit rating with the credit bureau in India.
How do I apply for a loan from ACFL?
Applying for a loan from ACFL is easy and simple. All you need to do is fill up our online application form providing details about your business, financials, past performance etc. After submitting the online form we will contact you within 48 hours or less to discuss further details regarding your loan application.
What documents do I need to submit?
To process your application quickly we require basic documents including identity proof such as Voter ID/Aadhar card/Pan Card; address proof such as utility bill/rent agreement; proofs related to ownership of the business entity such as registration documents; 3 months bank statement; balance sheet & profit & loss account for the last 2 years where applicable; GST registration/returns where applicable; along with other financials & records detailed in our online application form.
How long does it take to get approved?
Approvals on your loan usually take 4 – 6 days depending on various factors such as amount applied for, processing time by banks or NBFCs etc. Once approved we disburse the funds directly into your bank account usually within 48 hours of approval.
What are the eligibility criteria?
The eligibility criteria vary according to our product offering but generally involve having a satisfactory personal credit score with CIBIL or any other credit bureau in India along with having 3+ years of business operations with good performance record.
Are there any prepayment charges if I want to pay off my loan before maturity?
Generally there are no pre-payment charges however some lenders may charge up to 5% of outstanding principal amount subject to terms & conditions mentioned in your signed agreement.
What is the interest rate charged by ACFL?
The interest rate charged by ACFL varies according to availability of security/collateral provided against the loan taken along with overall risk assesment done by us before processing any applications.
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