QuickDocIndiaQuickDocIndiaLEGAL & BUSINESS
Home

Business Loan Agreement Builder

100% Private

In-Browser Only

Your data never leaves your browser — nothing is uploaded or stored on our servers.

Step 1 of 250% Completed

Lender & Borrower

Identity details of Lender (Funder) and Borrower (Business).

Live Legal Preview (Real-Time Sync)
Stamp Margin Top: 90mm
GOVERNMENT OF INDIA • STATE OF MAHARASHTRA
NON-JUDICIAL STAMP PAPER — VALUE As applicable in the State
[Leave top 90mm blank space when printing directly onto physical Stamp Paper]

BUSINESS LOAN AGREEMENT

(COMMERCIAL LOAN CONTRACT WITH SECURITY HYPOTHECATION • INTEREST: 12% P.A.)

This BUSINESS LOAN AGREEMENT is made and entered into on this 1 August 2026 at Mumbai, Maharashtra, by and between:

1. THE LENDER (PARTY OF THE FIRST PART):

Vanguard Capital Advisors LLP, having registered office at 10th Floor, Maker Chambers VI, Nariman Point, Mumbai, Maharashtra 400021.

(hereinafter referred to as the "LENDER", which expression shall, unless repugnant to the context or meaning thereof, include its successors, administrators and permitted assigns).

AND

2. THE BORROWER (PARTY OF THE SECOND PART):

Solaris Renewable Energy Systems Pvt Ltd, having registered office at Plot 89, EPIP Zone, Whitefield, Bengaluru, Karnataka 560066.

(hereinafter referred to as the "BORROWER", which expression shall, unless repugnant to the context or meaning thereof, include its successors, legal representatives and permitted assigns).

WHEREAS the Licensor is the sole absolute legal owner of the residential property situated at:

PRINCIPAL LOAN AMOUNT: Rs. 25,00,000/- (Rupees Twenty Five Lakh Only) | INTEREST: 12% p.a. | TENURE: 24 Equated Monthly Installments (EMIs)

WHEREAS the Borrower has requested the Lender to grant a commercial business loan facility of Rs. 25,00,000/- for working capital and business operations; AND WHEREAS the Lender has agreed to advance the said credit facility upon the covenants, security hypothecation, and repayment terms stipulated hereunder:

TERMS AND CONDITIONS OF BUSINESS LOAN:

1. PRINCIPAL LOAN AMOUNT & PERMITTED PURPOSE:
The Lender agrees to lend and disburse to the Borrower a commercial term loan of Rs. 25,00,000/- (Rupees Twenty Five Lakh Only) solely for the designated business purpose: Working capital expansion, purchase of manufacturing machinery, and inventory stocking..
2. RATE OF INTEREST & COMPUTATION:
The Borrower covenants to pay interest on the outstanding principal balance at the rate of 12% per annum calculated on a monthly reducing balance basis from the date of disbursement.
3. REPAYMENT SCHEDULE & MODE OF PAYMENT:
The Borrower shall repay the loan principal together with accrued interest strictly in accordance with: 24 Equated Monthly Installments (EMIs) via automated NACH / ECS bank mandate on or before the 5th day of each calendar month.
4. COLLATERAL SECURITY & HYPOTHECATION:
As collateral security for the prompt and complete repayment, the Borrower provides: Hypothecation of newly acquired machinery and personal guarantee of the company Directors.. The Lender retains absolute right of enforcement upon default.
5. DELAYED EMI PENALTY & ACCELERATION:
Any delay in payment of installment shall attract penal interest: 2% per month penal interest on delayed EMI.
6. RIGHT OF PREPAYMENT:
The Borrower shall have the right to prepay the loan facility in part or full at any time prior to maturity without any prepayment penalty upon providing 15 days prior written notice to the Lender.
7. BORROWER'S COVENANTS & FINANCIAL DISCLOSURE:
The Borrower warrants that it maintains lawful corporate status, holds all necessary statutory licenses, and agrees to provide audited financial statements and permit physical inspection of hypothecated assets upon request.
8. EVENTS OF DEFAULT & RECOVERY REMEDIES:
Upon occurrence of default in two consecutive installments, insolvency, or breach of security covenants, the Lender shall be entitled to recall the entire outstanding loan with immediate effect and initiate legal recovery proceedings.
9. GOVERNING LAW & JURISDICTION:
This Agreement shall be governed by the laws of India and subject to the exclusive jurisdiction of the competent civil courts situated at Mumbai.
10. WITNESS EXECUTION:
This Business Loan Agreement is executed in the presence of the following independent witnesses: • Witness 1: ____________________ (Residing at: ____________________) • Witness 2: ____________________ (Residing at: ____________________)
Place / Location: ______________________Date of Execution: ______________________

IN WITNESS WHEREOF, the Lender and the Borrower have executed this Business Loan Agreement through their duly authorized signatories on the day, month and year first above written.

LENDER / AUTHORIZED SIGNATORY

Vanguard Capital Advisors LLP

LENDER / AUTHORIZED SIGNATORY

BORROWER / AUTHORIZED SIGNATORY

Solaris Renewable Energy Systems Pvt Ltd

BORROWER / AUTHORIZED SIGNATORY

WITNESS 1:

Name: ______________________

Signature: ___________________

WITNESS 2:

Name: ______________________

Signature: ___________________

⚠️ Disclaimer: QuickDocIndia provides free, general-purpose templates and calculators for informational and educational use only. We are not a law firm, chartered accountancy firm, or a substitute for professional advice, and using this site does not create any professional or attorney–client relationship. Laws, tax rates, and formats change and vary by state and situation. Please have the final document/figures reviewed by a qualified lawyer, chartered accountant, or relevant professional before you sign, submit, or rely on them. You use this tool at your own risk; QuickDocIndia and its team accept no liability for any loss, damage, or consequence arising from its use. Read full disclaimer →

View key legal terms▼
  • This document or calculation is an automated self-help draft generated based on user input.
  • No attorney-client or professional relationship is created by using QuickDocIndia.
  • Ensure compliance with state-specific stamp duty, e-stamping, and notarization requirements where applicable.
  • For complex commercial, property, or tax matters, seek guidance from a qualified advocate or Chartered Accountant (CA).
Recommended Workflow Tools

Related Documents & Legal Calculators

Explore complementary legal documents and financial calculators to complete your offboarding, tax filing, or employment workflow.

Mapped Calculator

Loan EMI & Amortization Calculator

Calculate monthly loan EMI, total interest payable, processing fees, and full amortization repayment schedules for business, personal, or home loans.

Calculate Now
Employment & HR

Cover Letter / Job Application Generator

Create an ATS-friendly, professional cover letter for freshers, experienced candidates, career switchers, and interns with instant live preview & PDF download.

Create Document
Employment & HR

Internship Offer Letter & Completion Certificate

Generate legally valid Internship Offer Letters & Internship Completion Experience Certificates in India with stipend breakdown, duration auto-calculation & PDF export.

Create Document
Employment & HR

Salary Increment & Appraisal Letter

Official salary hike, promotion, and appraisal revision letter generator with full CTC breakup and effective date.

Create Document
business

Board Resolution Generator & Formats

Generate a certified true copy of board resolution format for bank account opening, GST registration, director appointment, loan borrowing, and MGT-14 ROC filings in India.

Create Document