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Small And Medium Enterprises (SME) Loan

for Business Start-up / Expansion of an existing Business / To Increase Working Capital / Purchase of Machinery.

Small And Medium Enterprises Loan

Loans for Small And Medium Enterprises (SME) are business loans offered only to medium-sized enterprises. These loans are designed to suit the needs and requirements of SMEs. Small & Medium scale industries play an important role in the economic development of a country, employing vast numbers of people and helping to shape innovation. This loan segment has developed a lot for last several years.

Types of SME Loans

  • Secured Loans – After calculating your creditworthiness from banks you need to submit substantial collateral or guarantee. The rate of interest on these loans is lower.
  • Unsecured Loans –This type of loans does not require any property as collateral but it is solely depends on the creditworthiness & existing healthy relationship of the borrower with the bank. The rate of interest on these loans is relatively higher than Secured Loans.

Reasons to avail SME Loans are
Business Start-up / Expansion of an existing Business / To Increase Working Capital / Purchase of Machinery.

SME Loan
SME Documents
  • Pan Card and Aadhar Card.
  • Photo Applicant & Co-Applicant.
  • Photo ID Proof: Any Two from Passport, Pan card, Voters ID Card and Driving License.
  • Current & Permanent residence address proof
  • Proof of Continuity of Business: 5 years old banking page, TIN / VAT registration certificate, Service Tax registration certificate
  • Bank statement for 6 Months (updated)
  • Latest 3 years ITR (with all schedules – CA Certified), Tax Audit Report if required
  • All on going loan statements & bank EMI debits