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…
Business Loan was launched by Utkarsh Small Finance Bank Limited (Utkarsh SFB) to help businesses grow & expand without disturbing one’s personal investments or applying for multiple
How is it being implemented?
Under this Scheme, direct loan is provided to,
- Businesses across sectors
What’s on offer?
I. Product
- Term Loan
- Ticket Size: ₹3 Lakhs – 10 Lakhs
II. Purpose:
- Acquisition of or investment in fixed assets
- Working capital requirements
III. Borrower Type:
- Individual, Sole Proprietorships, 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 by the Bank
- Collateral Security: For more information around this, please contact Utkarsh SFB via means mentioned below
- Guarantee: For more information around this, please contact Utkarsh SFB via means mentioned below
- Insurance: For more information around this, please contact Utkarsh SFB via means mentioned below
V. Interest Rate
- 2123% per annum.
VI. Processing Fee
- Upto 2% of Loan Amount + Applicable taxes
VII. Margin Money Requirement
- For more information around this, please contact Utkarsh SFB via means mentioned below
VIII. Tenure, Repayments & Pre-Closures
- Tenure: 12 – 60 months
- Repayments: EMIs
- Pre-payment & Foreclosure Charges: For more information around this, please scroll here and find details under Fees and Charges
IX. Turnaround Time
- One of the characteristic feature of this Scheme is instant business loans
- Hence, for more information around turnaround time, please contact Utkarsh SFB via means mentioned below
Interested? Read ahead to check your eligibility….
I. There is no particular eligibility criteria around the Scheme explicitly stated on the website. For more information around this, please contact Utkarsh SFB via means mentioned below
So…how big is this scheme and what has been done so far?
I. Details around this don’t seem to be available in public domain
So, now, how should you go about it?
I. For submitting application,
II. For indicative list of documentation required, please scroll here and find details under Documents Required
III. For any queries, please contact Utkarsh SFB via:
OR
- Toll Free Number: 1800 123 9878 | 1800 208 1788
OR
- Phone: +91 542 6134000 | +91 542 6135000
OR
- WhatsApp: Chat here
OR
Go on then…and do spread the word!
Best
