SME Loan

Catering to the needs of entrepreneurs our Small and Medium Enterprise Loans provide liquidity for working capital and fixed assts. With easy approvals and quick processing time, we provide timely assistance to enterprises.

Salient features

• Specially designed to cater to the needs of business entrepreneurs, who have a running business and require funds for working capital or fixed assets or for both

Eligibility

• All small and medium enterprises

Security

• Equitable mortgage of landed property having value at least equal to the loan amount

Documentation

• Business licence, registration certificate etc. relating to the business
• Audited/ unaudited financial statements and projections
• Income tax returns for 3 years
• Title deeds relating to the property
• KYC documents of the borrowing entity and all the signatories for the facility

Loan amount

• Rs. 2 lakhs to Rs. 35 lakhs

Period of loan

• 6 months to 36 months

Repayment

• Either bullet repayment at the end of the sanctioned period or in equated monthly instalments along with interest. In respect of bullet repayment, interest will have to be serviced every month. Part payment is also permitted

FAQ

Q: Where should the property be situated?
A: Anywhere in Kerala State.