Small Enterprise Loan

Small Enterprise Loan

Collateral-free Short-term business needs
Collateral-free loan to meet short-term business requirements
  • Loan for small enterprises who require both working capital and term loan 

  • Loan amount – Above ₹1 lakh up to ₹25 lakh

  • Loan tenure – Flexible loan tenure up to 4yrs 

  • Doorstep assistance with a Relationship Officer/Credit Manager available to service you throughout the loan processing period  

  • Simplified documentation 

  • Convenient repayment with EMIs issued through Standing Instructions 

  • Rate varies from 15% p.a. to 19.50% p.a. 

  • Processing fee – 2% of the loan amount + taxes as applicable 

  • Self-employed professionals and non-professionals with minimum 2* years of experience in the same line of business 

  • Age 

  • Minimum – 23 years 

  • Maximum at loan maturity – 60 years  

*3 years for loans above 10 lacs 

 

For loans up to Rs. 3 lakh

  • KYC documents 

  • PAN Card 

  • Trade license or Business registration document 

  • Business vintage and residential stability proof 

  • Business financial statement (ITR/Balance Sheet/P&L/GST Return) 

  • Primary bank account statement for last 12 months 

Additional documents for loans above Rs. 3 lakh

  • GST registration 

  • GST return for last 12 months(not required for GST exempted businesses) 
    Additional documents may be required on a case to case basis 

 

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