SME Loan

SME Loan

Eligibility of borrower
  • Having operative current account of the bank / saving account of the bank
  • Having good reputation, experience, credit worthiness and profit making
  • Borrower must be member of the bank
  • Have sufficient score in CIC Reports
Purpose of loan To meet working capital requirement for the business
Proof of Identity PAN Card and Adhar card
Proof of Business Profit and loss statement, Balance Sheet, ITR Returns, Udyam portal registration, Food license ( if applicable ), GST Certificate
Quantum of finance Minimum 2,00,000 to Maximum 10,00,000
Share linkage Borrower must have Bank share Linkage @ 5% of the loan sanction amount.
Repayment period Repayment in 24 months
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