TRIBE3 Business Loan

Overview

Tribe3 is a leading lender in the digital lending market. It provides instant financial solutions to eligible small businesses. The company caters to the financial needs of the micro, small and medium enterprises, commonly known as the MSME Sector of the country. The MSME sector is often considered as the backbone of the country. Although the MSME sector is largely an unorganized sector it provides not only major employment opportunities but is a major contributor in the manufacturing and service sector of the country. Despite its importance, the MSME sector faces many issues or hurdles when it comes to securing urgent and hassle free finance to survive or for growth and development.

Tribe3 aims to bridge this gap by offering instant and hassle-free financial assistance to small businesses, to help them survive and flourish. The business loans of Tribe3 are designed to ensure eligible customers get easy and hassle free access to immediate funds at reasonable and affordable rates with a flexible repayment tenure. The details of the business loans of Tribe 3 are mentioned below.

Eligibility for Tribe3 Business Loans

Tribe3 has maintained very broad and inclusive eligibility criteria to ensure maximum reach to those in need of immediate financial assistance and provide them with timely funds for their needs. The eligibility requirements for Tribe3 business loans are mentioned below.

Eligible applicants

The eligible applicants for Tribe3 business loans are the following entities

• Proprietorship
• Partnership firms
• Private Limited Company
• Limited Liability Partnership
• Others

Age of the business

The business has to be in existence for at least a year to be eligible for the business loan of Tribe3.

Turnover of the business

The turnover of the business is another important eligibility criterion set by the company. This is to ensure the health of the business and to safeguard the interest of the company. Tribe3 requires the business to have a minimum turnover of Rs. 1,00,000 per month.

Bank account

The applicants have to hold a valid bank account to be eligible for the business loans of the company. The customers need to have a savings account for proprietorship and current account for other applicants.

Location of the applicant

Tribe3 provides loans to the eligible businesses currently only from the following locations

• Mumbai
• Pune
• Hyderabad
• Bangalore
• Indore
• Surat
• Ahmedabad
• Vadodara

Documents Required for Tribe3 Business Loans

The documents required for Tribe3 business loans are basic KYC documents and business documents that have to be submitted along with the application form to complete the application and get the funds sanctioned promptly.

• Personal and business documents relating to the identity proof and the address proof of the business and the owner of the business
• PAN Card and other KYC documents like Aadhaar Card, Passport, etc.
• Business Documents (Financial Statements)
• Shop Establishment Certificate, GST Certificate, VAT Registration Certificate.
• Business Ownership Documents (Partnership deed, MOA or AOA, Incorporation Certificate, etc.)
• Similar details of the co-applicant(s) of the loan (if any)
• Bank Statement for the past 1 year in PDF Format

These documents have to be submitted in the digital format (PDF) along with the online application for the business loan.

Application Process for Tribe3 Business Loan

The application process of Tribe3 Business Loan is entirely digital and can be made through the website of Tribe3. The link for the same is mentioned below.

tribe3[dot]com apply-for-business-loan-online#apply-form

The above link will take the customer to a new page where the customer will have to fill in all the following details.

• Loan Amount
• Business Name
• Type of Business (proprietorship, partnership, etc.)
• Monthly Turnover of the business
• Age of the business
• Loan Type required

After filling in these details the customer will be directed to another page where the customer will have to upload the scanned copies of the documents required which are to be submitted along with the application. Post this step the company will verify the eligibility and documents submitted by the customer along with the application form. Upon satisfaction of the same, the customer will be sanctioned the business loan sought and the same will be credited in the bank account mentioned by the customer.

Features and Benefits of Tribe3 Business Loan

Tribe3 business loans are available readily to the small businesses for their working capital needs or for growth and development of the business as the case may be. The various features and benefits of the business loans of Tribe3 ensure that the small businesses get the benefit of instant financial assistance at affordable rates along with flexible repayment tenure.

The details of the features of the loan are mentioned below.

Amount of loan

The amount of loan the customers can get through the business loan of Tribe3 is classified into 3 categories. The details of the same are tabled below

Contact details for Tribe3 Business Loans

Customers can contact the customer care service of the company for any queries of issues they may have with regards to their business loans or any other product. The contact details for the same are mentioned below.

Helpline Number – 1800 2 663 663

Email Id – contact[at]tribe3[dot]com

Customers can also fill their personal details like name, address, mobile number and their query on the page available through the following link and submit the same.

Home Contact

Tribe3 representatives will contact the customers upon receiving the query and resolve the same.