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Frequently Asked Questions
1. What is 100daysfinance?
1. What is 100daysfinance?
100daysfinance is an online platform operated by Pawansut Holdings Limited, an RBI-registered NBFC, offering short-term business loans to small vendors, micro-entrepreneurs, and SMEs across India.
2. What types of loans do you offer?
2. What types of loans do you offer?
We offer short-term business loans ranging from ₹50,000 to ₹5,00,000 with a fixed tenure of 100 days.
3. Who is eligible to apply for a loan?
3. Who is eligible to apply for a loan?
You are eligible to apply if you:
● Are an Indian citizen or its resident.
● Are between 21 and 60 years of age.
● Own or operate a registered small business, vendor, or SME.
● Can provide necessary business and financial documents.
4. What documents are required to apply for a loan?
4. What documents are required to apply for a loan?
You will need the following documents:
● PAN and Aadhaar card (for identity verification).
● Business registration certificate or GST registration.
● Last 6 months' bank statements.
● Proof of business address.
● Income proof (if applicable).
5. How can I apply for a loan?
5. How can I apply for a loan?
You can apply for a loan by following these steps:
1. Visit 100daysfinance.
2. Complete the online loan application form.
3. Upload the required documents.
4. Submit the application for review.
6. How long does it take to get a loan approved?
6. How long does it take to get a loan approved?
Loan approval typically takes 30 minutes after you submit all the required documents. However, this may vary depending on the completeness and accuracy of the information provided.
7. How is the loan amount disbursed?
7. How is the loan amount disbursed?
Upon approval, the loan amount is disbursed directly to the bank account you provided during the application process within 30 minutes.
8. What is the interest rate on the loan?
8. What is the interest rate on the loan?
The interest rate varies based on your credit profile, business performance, and other factors. The exact rate will be communicated to you during the loan approval process.
9. Are there any processing fees?
9. Are there any processing fees?
Yes, a non-refundable processing fee is charged as a percentage of the loan amount. This fee will be deducted from the loan disbursement.
10. Can I prepay the loan before the 100-day term?
10. Can I prepay the loan before the 100-day term?
Yes, you can prepay the loan before the term ends. And there are no prepayment charges.
11. What happens if I miss a repayment?
11. What happens if I miss a repayment?
If you miss a repayment:
● A late payment fee will be charged as per the loan agreement.
● Your credit score may be negatively impacted.
● Continued default may result in legal action or recovery proceedings.
12. How can I make loan repayments?
12. How can I make loan repayments?
You can repay the loan through:
● Bank transfers (NEFT/RTGS/IMPS).
● UPI payments.
● Post-dated cheques (if applicable).
13. Is there a penalty for late payments?
13. Is there a penalty for late payments?
Yes, a late payment penalty will be charged as per the terms mentioned in your loan agreement. The penalty is typically a percentage of the overdue amount.
14. Will my loan application affect my credit score?
14. Will my loan application affect my credit score?
Submitting a loan application will not impact your credit score. However, defaulting on loan repayments or making late payments can negatively affect your credit score.
15. How can I contact customer support?
15. How can I contact customer support?
You can reach our customer support team for any inquiries or assistance through:
● Email: info@100daysfinance.com
● Phone: 9999999341
● Address: S-370, Panchsheel Park, New Delhi, 110017.
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Contact Us
Email: info@100daysfinance
Phone: +91 9999999341
Reach Out
S-370, Panchsheel Park,
New Delhi 110017, India
100day Finance, 2024 All rights reserved.