Accretive Cleantech Finance Private Limited is now Ecofy Finance Private Limited
Benefits of Ecofy
Instant
Offer
Easy digital loans providing affordable options
Digital
and
Retail
Ticket size between ₹1 to 150 lakhs
Flexible
and
Customizable
Flexi credit product offering to SME's
*T&C apply
What We Offer
Commercial & Industrial Rooftop Solar
Power your business with a Rooftop Solar setup with EMIs lower than your electricity bill
- Zero collateral
- Loan amount up to ₹150 lakhs
- Tenure between 6 to 60 months
Energy Efficient Equipment (EEE)
Finance or upgrade equipment to stay efficient and future-ready
- Loan amount ranging from ₹1 to 150 lakhs
- Tenure between 6 to 60 months
- Interest rates ranging 13-16 %
Supply Chain Financing (SCF)
Strengthen your supply chain with flexible financing, providing comprehensive solutions
- Pay only for utilized limit
- Faster invoice payments for suppliers; extended terms for buyers
- Loan amount up to ₹150 lakhs
- Tenure up to 12 months, with invoice tenure up to 90 days
Get an SME loan in just few steps
EMI calculator
-
SME
Select loan amount
Select interest rate
Select tenure
Total Users
Principal amount
Interest
Total amount payable
you provide. We do not guarantee their accuracy, or applicability to your circumstances.
FAQs
Our loans come with affordable rates starting from 0.70% per month with no hidden charges. Our loan process is super fast because it’s completely digital with minimal paperwork. Avail a complete sanction and draw as per your requirement.
You can get up to ₹150 lakhs depending on your credit score.
You can take up to 60 months to repay a business loan.
Some things should never be delayed. Like making your footprint greener. So, whether you are a green business or want to invest in reducing the carbon footprint of your business, our loans can help you get there! With Ecofy’s green SME loans you can get the funds to ensure cash flow, access to working capital, buy new equipment and expand your business.
Our loans come with affordable rates starting from 1.25% per month with absolutely no hidden charges. Our loan process is super fast because it’s completely digital with minimal paperwork. Avail a complete sanction and draw as per your requirement.
- KYC documents of the company: PAN Card, Registration of Incorporation, Partnership deed, Memorandum & Articles of Association.
- KYC documents of the business owners
- Company bank statements for the last 12 months
- GST returns for the last 24 months (Taken Online)
- Income Tax Returns for the last 3 years (Taken Online)
- Balance sheet and Profit & Loss accounts for the last 3 years
Professionals, non-professionals, and self-employed! Our loans are approved quickly and are available at competitive interest rates.
The customer segments covered under SME Loans are listed below:
- Sole Proprietorship
- Partnership Firm
- Private Limited Companies
- Closely held Public Limited Companies
- Hospitals, Nursing Homes, Diagnostic Centers, Pathological Labs.
Post Dated Cheques, Electronic Clearance Service (ECS) or Direct Debit: whatever floats your boat!
Yes! You! Can!
Ecofy is happy to provide SME loans to your online retail store or e-commerce website. Fulfil the following criteria for swift online business loan approval:
- A CIBIL score above 700
- A business that has been profitable for 3 consequent financial years
- A turnover showing an upward trend
- A balance sheet audited by a CA
It won’t affect your personal credit score.
Business owners have business and personal credit. Loans for sole proprietorship and partnership businesses are guaranteed by an individual. So, the loan is reflected in your personal CIBIL report. However, if your company’s structure is LLC, then the SME loan affects only the business’ CIBIL score.
Here’s a piece of good news for you: any interest levied on an SME loan is exempt from taxation! This is because the interest paid is considered to be a business expense and not revenue. Registering as an MSME (Micro, Small and Medium Enterprises) can also help you avail of business loan tax benefits on excise and other charges. However, the principal amount is not tax-deductible.
You are eligible for an SME Loan if you match the following criteria:
- Between 25-65 years of age
- Have a business that shows a profit for the last 3 consecutive financial years
- Have a business that shows an upward turnover trend
- Are able to show a balance sheet that is audited by a registered CA
As per the business loan eligibility criteria, your business must be profitable for 3 consequent financial years.
Your EMI depends on the loan amount. We’ve got a special EMI calculator *right here* to help you figure out exactly how much you need to pay.
*right here is hyperlinked to the calculator.
You can get up to ₹50 lakhs and more depending on your credit score.
For a business loan, you can take up to 48 months to repay.
The Interest rate for our SME loans is fixed.
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