Scheme Details
Name of the scheme
Small Business Loan
Key features
  • Higher loan eligibility
  • Flexible assessment
  • Multiple financing options
Target Customers

 (i) Self Employed Non-Professionals (SENP): Manufacturers, Traders, Wholesalers, Retailers, Service Providers

 (ii) Self Employed Professionals (SEP): Doctors, CA, CS, ICWA, Architect, Engineer, etc.

Minimum business vintage of 3 years.

Minimum age: 21 Years and allowed up to maximum 65 years 

  • To meet the working capital requirement of the business.
  • Business purposes viz. Expansion, Acquisition of Assets, renovation of business premises, modernisation, etc.
Nature of finance
  • Overdraft
  • Term Loan
  • Dropline Overdraft
Quantum of Finance
Rs. 10 Lakhs to Rs.50 lakhs
Period of Loan
Over Draft- Max up to 36 months
Term Loan/Drop Line- Max up to 60 months

Processing fees

Up to 1.00%
Rate of Interest / Charges/
As per pricing norms of the Bank.

Loan To Value

As per LTV norms of the Bank

Documents required for assessment

  • 2 years Audited/Unaudited financials
  • Last 12 months GST returns
  • 2 years ITR with computation sheets
  • Previous 12 months Current account statement
  • KYC documents of the borrower/guarantors
  • Proof of residence/Proof of Office, business
  • Latest licenses and approvals for running the business
  • Any other relevant documents called for by the Bank