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Widen your business spread with collateral free loans.

Get in Touch

Widen your business spread with collateral free loans.

An easy way to finance your projects

Gain easy access to funds for your working capital and business expansion needs.

Features

Reach us

You can contact us via 24x7 Phone banking helpline and through our wide network of branches.

Service centres

SME Contacts & Locations
Call, write or SMS us to reach our SME Banking.

Business Loans / Guaranteed Instalment Loans

PRICING GRID
Pricing from 17.25% p.a. for Business Instalment Loan (BIL)
Pricing of 13.5% p.a. for Guaranteed Instalment Loan (GIL)
Special benefits for Branch / Direct (Non-Referral) Sourced Customers
Special benefits for Priority Sector Lending (PSL) customers

Eligibility and documents

Documents

  • Bank statements for the last 6 months.
  • VAT/GST statements for last 1 year.
  • 2-year financials including Profit & Loss (P&L) statement, balance sheet and income tax returns.
  • Documents related to establishment of entity, identity and address proof documents.
  • Specific details would be provided by the sales officer.

FAQs

Terms and Conditions

Lending to MSEs

Types of facilities:

  • Business instalment loan
  • Guaranteed instalment loan-term loan with CGTMSE cover
  • Loan against property

Method of assessment:

  • Sales team meets the customers and collect the relevant documents – application form, KYC, income, bank statement and property related (for loans with collaterals).
  • Plant and machinery investment for the entity is assessed for identifying MSE sector lending.
  • internal rating/assessment is applied on applicant entity which contains parameters based on customer demographics, credit record, financials and existing customer relationship where applicable.
  • loan amount eligibility calculated using debt burden ratio (and loan to value in loans with collaterals). Debt assessment would contains all internal and external obligations while income assessed basis financials submitted by customers.
  • Verifications and financials analysis as well as personal visit may be done basis internal guidelines.

Pertaining to rehab of MSEs:

In case a customer is not able to repay loan obligation on time and faces long term payment challenges, Internal assessment is done for ability and intent to repayment by the customer. This process would involve assessment of current status of the financials and business status before arriving at decision to offer rehabilitation program.