Disclaimer….before you read ahead!
The information contained herein is of a general nature and for information purposes only, with the intent of raising awareness around various resources, schemes etc. available for women entrepreneurs in India. It is not intended to address the circumstances of any particular individual or entity. It does not purport to be all-inclusive or necessarily contain all the information that may be relevant for the reader, and may be subject to updation, revision or amendment. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to remain accurate in the future. The reader, therefore, is required to exercise their discretion; and not act on such information without appropriate professional advice after a thorough examination of the particular situation.
Furthermore, we are not a lender and are not authorized by the Reserve Bank of India to act as one. By disseminating the information contained herein, we are not soliciting any borrower or customers for the company or organization mentioned herein nor do we intend to syndicate any capital for the reader of this article.
About this scheme…
Secured Business Loan is a secured loan offering by Aditya Birla Capital Limited (ABCL), a listed non-deposit taking, systemically important Non-Banking Finance Company (NBFC-ND-SI) registered with Reserve Bank of India (RBI), to help SMEs meet urgent funding constraints for a gamut of operational objectives.
How is it being implemented?
Under this Scheme, direct loans are provided to,
- SMEs in manufacturing, services or trading
What’s on offer?
I. Product
- Term Loan
- Ticket Size: above ₹1 Crore to ₹25 Crores
- Initial assessment will be based on nature of requirement, borrower’s repayment capability, financial valuation
- Offer Parameterised Lending
II. Purpose:
- Acquisition of or investment in fixed assets
- Working capital requirements
III. Borrower Type:
- Sole Proprietorship, Partnership Firm, Limited Liability Partnership (LLP), Private Limited Company, Public Limited Company
IV. Security or Collateral or Guarantee or Insurance
- Primary Security: There may be primary charge on assets financed under this Scheme
- Collateral Security: This may include Home, Real Estate Properties, Bank Accounts (savings accounts, certificates, and money market accounts), Vehicles, Mutual Funds etc. For more information around the Loan To Value (LTV) etc., please contact ABCL via means mentioned below
- Guarantee: Nil
- Insurance: For more information around this, please contact ABCL via means mentioned below
V. Interest Rate
- For more information around this, please contact ABCL via means mentioned below
VI. Processing Fee
- Up to 3% + GST
VII. Margin Money Requirement
- For more information around this, please contact ABCL via means mentioned below
VIII. Tenure, Repayments & Pre-Closures
- Tenure: 12 months to 15 years
- Repayments: EMIs
- Pre-payment & Foreclosure Charges
- Foreclosure Charges: 4% + GST on loan outstanding
- Pre-payment Charges: For more information around this, please contact ABCL via means mentioned below
IX. Turnaround Time
- 7 days after receiving the complete set of documents (subject to credit appraisal, which is the sole discretion of ABCL and terms and conditions as agreed under individual loan agreement)
Interested? Read ahead to check your eligibility….
I. Do you own property(ies) like a home, office, shop, factory, warehouse, etc.?
If your answers to the questions above are an emphatic YES, you are all set to avail ABCL’s Secured Business Loan!
So…how big is this scheme and what has been done so far?
I. As of March 31, 2025, there were loan outstanding worth ₹57,992 Crores under this Scheme
So, now, how should you go about it?
I. For submitting application:
- Apply online here
- Post that you will get assistance from a dedicated support team 12X5 days from 8am to 8pm
II. For indicative list of documentation required, please contact ABCL via means mentioned below
III. For any queries, please contact ABCL via:
- Call: 18002707000 – 8 AM to 7 PM, Monday to Sunday
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Go on then…and do spread the word!
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