welcome to A.C.E. ASPIRE credit enabler your go to source of information on a spectrum of government credit linked schemes ASPIRE A.C.E. aims to bridge the information gap and increase the reach of welfare schemes to the self employed and small owner section of society in India.

with a focus on schemes starting from 10k to 10L, our app provides comprehensive details on qualifying criteria necessary documents and step by step guidance for hassle-free application.

Benifits of ASPIRE business loan

• Loan amount : loan from 3000 to 1 lakh
• Tenure : 1 month
• application process : hassle-free and paperless, 100% digital process
• Disbursal : fast loan disbursal
• Interest rates : 0.1% per day
• Others : instant approval

Eligibility Criteria Self – Employed

• Age group : 23 – 55 years
• Income range : customer should have a stable source of income

Documents Required

• Identity proof : any one of the documents – passport, pan card, ration card, Aadhar card, voter ID card, driving licence, or any other government approved ID, student ID card, college documents
• Address proof : any one of the documents – telephone bill, Electricity bill, passport, ration card, rental agreement, Aadhar card, or any other government approved ID
• Income proof : certified financial, recent ITR audited profit and loss statement or balance sheet etc
• Business proof : udyog Aadhar (However, udyog Aadhar is optional and subject to being electronically sourced and validated) or shops and Establishment Act

Other Eligibility Criteria

• you must be a resident of India
• You must be Self employed
• CIBIL score must be 700+

Help & Support FAQs

• What is line of credit ?

line of credit is a form of unsecured personal loan where you can borrow the money use it payback and reuse it without any reapplication process

• who can apply for ASPIRE line of credit?

sole proprietor / self employed / MSME business owners can apply for ASPIRE line of credit.

• Do I have to visit any branch for the application process

no you don’t have to visit any branch to. Complete the application the entire process is online.

• How is line of credit different a personal loan?

in line of credit you get a specific amount of money that you can use as and when needed you pay interest only for the amount you have borrowed and for the number of days you borrow it for in the case of a personal loan you start paying interest from the first day irrespective of when you use it in line of credit you can borrow again without going through any application process in case of personal loan you have to reapply every time you need money.

• what is the interest rate for aspire line of credit ?

you will be charged an interest of 0.1% per day on the amount withdrawn we charge a fixed interest rate of 0.1% per day

• Can I borrow the money in cash?

yes you can transfer money into your bank account and withdraw it from the ATM

Help and support FAQs

• When do I have to pay back the borrowed money ?

The max allowed time to repay the borrowed money is the 8th of next month However the customer can repay anytime ofter borrowing and before the maximum repayment date

• Where are the charges associated with ASPIRE line of credit ?

we do not have any hidden charges and offers zero processing fees you only pay 0.1% per day interest rate charged only on the amount you borrow late fee : 5% of outstanding delinquent principal+ GST you can avoid late fee charges by paying of the due amount on or before the due date.

• How can I reach contact customer support ?

you can reach customer support by sending a whatsapp message to +919013129129