Jana Small Finance Bank Business Loan

Business Loan

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    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

    ParticularsDetails
    Interest Rate18% p.a. - 26% p.a.
    Loan AmountRs. 60,000 – 50,00,000
    Tenure5 years
    Processing FeeAs per company's policy

    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 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.

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    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

    Loan AmountInterest RateTenureMonthly InstalmentTotal Interest AmountTotal Amount
    ₹ 50,00,00018%1₹ 4,58,400₹ 5,00,800₹ 55,00,800
    ₹ 50,00,00018%2₹ 2,49,621₹ 9,90,892₹ 59,90,892
    ₹ 50,00,00018%3₹ 1,80,762₹ 15,07,431₹ 65,07,431
    ₹ 50,00,00018%4₹ 1,46,875₹ 20,50,000₹ 70,50,000
    ₹ 50,00,00018%5₹ 1,26,967₹ 26,18,028₹ 76,18,028

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

    YearPrincipalInterestBalance 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

    SchemeQuantum of LoanTenure Rate Of Interest
    Janalakshmi Nano LoanRs. 60,000 – 2,00,000Up to 36 monthsFor New Customers – 26% p.a.
    For Repeating Nano Customers – 25% p.a.
    Super Nano LoanRs. 2,00,000 – 6,00,000Up to 60 monthsMinimum - 23% p.a.
    Maximum - 24% p.a.
    Micro, Small and Medium Enterprise Loan Rs. 2,00,000 – 50,00,00012 months – 48 monthsMinimum - 18% p.a.
    Maximum - 26% p.a.
    Long Term Business LoanRs. 5,00,000 – 50,00,000Up to 60 monthsMinimum - 18% p.a.
    Maximum - 26% p.a.
    Equipment And Machinery FinancingRs. 2,00,000 – 50,00,000Up to 60 monthsMinimum - 18% p.a.
    Maximum - 26% p.a.
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    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)
    • Letter certifying end use of the business loan funds on Business Letterhead
    • 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 ParametersQualitative Parameters
    Financial Ratios
    Sales Turnover and Profitability Record
    Credit History
    Management Details/ Shareholding Pattern
    Industry
    Business Model

    Quantitative ParametersQualitative 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
    • Uttar Pradesh
    • Bihar
    • Madhya Pradesh
    • Gujarat
    • Jharkhand
    • West Bengal
    • Chattisgarh
    • Odisha
    • Maharashtra
    • Karnataka
    • Tamil Nadu

    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

    Personal Loan Interest Rates July 2018
    Bajaj Finserv10.99% - 16.00%
    Fullerton India14.00% - 33.00%
    HDFC Bank11.25% - 21.25%
    ICICI Bank10.99% - 18.40%
    IndusInd Bank10.99% - 16.00%
    Kotak Bank10.99% - 20.99%
    RBL13.00% - 18.00%
    Standard Chartered Bank10.99% - 14.49%
    Tata Capital10.99% - 18.00%
    Home Loan Interest Rates July 2018
    State Bank of India/SBI8.45% - 9.00%
    HDFC8.50% - 9.15%
    Bank of Baroda8.50% - 9.50%
    LIC Housing8.45% - 8.90%
    PNB Housing Finance8.99% - 10.75%
    ICICI Bank8.55% - 8.80%
    Axis Bank8.50% - 8.85%
    Citibank8.40% - 9.20%
    Indiabulls Housing Finance Limited8.50% - 10.80%
    Kotak Bank8.60% - 8.70%
    DHFL9.05% - 9.95%
    Reliance Home Finance8.75% - 10.00%
    EMI Calculator