# Jana Small Finance Bank Business Loan

Last Updated : Feb. 6, 2023, 5:45 p.m.

Janalakshmi Services is now Jana Small Finance Bank. The bank extends a business loan to the building entrepreneurs who require funds to scale up their units. The loan amount can be used to finance the deficit in the working capital or to purchase a machinery. The company offers a loan under several schemes, the list of which is given below. Also, the loan details are provided in the following section.

## Jana Small Finance Bank Details

### How To Apply

The customers willing to avail the benefit of a business loan from Jana Small Finance Bank (previously Janalakshmi) can contact the concerned dealer at the numbers given below.

### Jana Small Finance Bank EMI Calculator

The Business Loan EMI Calculator is a calculator designed to make the calculation of EMI quick and simple. It computes the real results in the shortest time. The calculator helps the user to know his/ her EMI value and plan for the future payments accordingly. The user can also learn about the amount of interest he/ she has to pay for the loan amount being taken. The calculator works on a simple principle. The user only needs to enter the loan amount, the rate of interest and the tenure of the loan.

For Example, a person takes a loan of Rs. 50,00,000 from the company to enhance his business for the period of 5 years. He will repay the loan amount in 60 monthly installments along with the interest charged. His monthly installment amount or EMI will be Rs. 1,26,967 – 1,49,702 at the rate of interest that ranges between 18% p.a. – 26% p.a.. The total amount he will be paying by the end of tenure will be Rs. 76,18,028 – 89,82,141.

Table Showing EMI, Interest Outgo, and Total Repayment Amount

EMI, Total Interest Outgo, Total Repayment (Interest + Principal)

Year Principal Interest Balance Amount
1 ₹ 6,77,714 ₹ 8,45,891 ₹ 43,22,285
2 ₹ 8,10,287 ₹ 7,13,318 ₹ 35,11,997
3 ₹ 9,68,794 ₹ 5,54,811 ₹ 25,43,203
4 ₹ 11,58,308 ₹ 3,65,297 ₹ 13,84,894
5 ₹ 13,86,771 ₹ 1,38,711 ₹ 0

### Jana Small Finance Bank Loan Schemes, Quantum Of Loan, Tenure And Rate of Interest

Scheme Quantum of Loan Tenure Rate Of Interest
Janalakshmi Nano Loan Rs. 60,000 – 2,00,000 Up to 36 months For New Customers – 26% p.a.
For Repeating Nano Customers – 25% p.a.
Super Nano Loan Rs. 2,00,000 – 6,00,000 Up to 60 months Minimum - 23% p.a.
Maximum - 24% p.a.
Micro, Small and Medium Enterprise Loan Rs. 2,00,000 – 50,00,000 12 months – 48 months Minimum - 18% p.a.
Maximum - 26% p.a.
Long Term Business Loan Rs. 5,00,000 – 50,00,000 Up to 60 months Minimum - 18% p.a.
Maximum - 26% p.a.
Equipment And Machinery Financing Rs. 2,00,000 – 50,00,000 Up to 60 months Minimum - 18% p.a.
Maximum - 26% p.a.

Eligibility Criteria:

All business units and entities covered under MSME category are eligible to apply for a loan.

Documents Required:

• PAN Card
• Identity Proof – Any one (e.g. Voter ID / Driving License / Passport / Aadhar Card)
• Address Proof – Any one (e.g. Voter ID / Driving License / Passport / Telephone Bill / Electricity Bill / Registered Lease Deed or Sale Agreement / Bank Statement)
• Ownership proof of either residence or office either in the name of applicant or jointly with family members
• Business Continuity Proof – Any one document (Bank Statement / Sales Tax Challans / IT Returns / Shops & Est. Certificate / Certificate of Incorporation / Partnership Deed)
• Passport Size Photographs of all applicants and co-applicants

### Features and Benefits

• Option to choose from multiple schemes
• Flexible tenure lasting up to 5 years
• Availability of funds from Rs. 60,000 – 50,00,000
• Simplified process and easy documentation

### Factors Affecting Business Loan Eligibility

Quantitative Parameters Qualitative Parameters
Financial Ratios
Sales Turnover and Profitability Record
Credit History
Management Details/ Shareholding Pattern
Industry

 Quantitative Parameters Qualitative Parameters Financial Ratios Sales Turnover and Profitability Record Credit History Management Details/ Shareholding Pattern Industry Business Model

## Jana Small Finance Bank Branches

The company has its branches in the following States:

• Punjab
• Haryana
• Uttarakhand
• New Delhi
• Rajasthan
• Bihar
• Gujarat
• Jharkhand
• West Bengal
• Chattisgarh
• Odisha
• Maharashtra
• Karnataka

The Janalakshmi Financial Services Head Office or Jana Small Finance Bank is in Bengaluru, Karnataka.

### Jana Small Finance Contact Number

To clear doubts, ask questions and avail the loan, contact the dealer on the numbers mentioned below :

• Telephone Number : +91 80 4259 5700
• Toll- Free Number : 1800 419 5262