Check Free CIBIL Score Online

Ujjivan Small Finance Bank Business Loan

Highlights

  • Apply for Ujjivan Small Finance Bank Business Loan Online.
  • Get the loan approved instantly at the rate of 12%-19% p.a
  • Take the loan up to 2 Crores instantly.

Business loans give leverage in managing the financial activities of the business. But finding the best loan at a manageable rate of interest is quite a difficult task. Therefore, you can go through the Ujjivan Small Finance Bank Business Loan Schemes and choose the best of them. Ujjivan Bank grants different types of business loans having different repayment periods.

Business Loan

Quotes from 18 banks | Instant Approval | Maximum Loan Eligibility

    Almost done, few more details required.

    Ujjivan Small Finance Bank Business Loan Interest Rates

    Business Loan TypeRate of InterestRange of Loan AmountRepayment Period
    Loan Against Property17%-19% p.a Reducing₹3 Lacs to ₹10 Lacs36 Months to 84 Months
    Secure Business Loan17%-19% p.a Reducing₹10.01 Lacs to ₹25 Lacs36 Months to 120 Months
    Secure Enterprise Loan14%-17% p.a Reducing₹10.01 Lacs to ₹50 Lacs36 Months to 120 Months
    Overdraft Against Property14%-17% p.a Reducing₹11 Lacs to ₹50 Lacs12 Months only
    Business Edge Term Loan13%-15% p.a Reducing₹25 Lacs to ₹2 Crores36 Months to 120 Months
    Business Edge Overdraft12%-14% p.a₹25 Lacs to ₹2 Crores12 Months only

    Rates and Charges

    The Ujjivan Small Finance Bank also has come other charges than the Business Loan Rate of Interest. Before applying for the loan, see the other charges as well.

    • Documentation charges up to ₹10,000 plus GST.
    • Processing Fee up to 2.5% plus GST.
    • CERSAI charges 50+GST up to ₹5 Lacs of Loan.
    • CERSAI charges 100+GST when the loan is greater than 5 Lacs.

    Eligibility Criteria for Business Loan

    • Minimum ₹18,00,000 of turnover is necessary for a Manufacturing business.
    • A trading business must have a turnover of ₹20,00,000 and above.
    • Service Provider’s business must generate ₹15,00,000 and above turnover every year.
    People Also Look For  Saraswat Bank Business Loan

    How does a Business Loan helps in Business Expansion

    There are various reasons for taking a business loan. You can see the list of task which can be completed by taking the business loan.

    Managing Working Capital

    • Purchasing Raw Materials and Finished Goods.
    • Settling the Creditor’s Payment.
    • Giving Short Term funds to the Trusted Debtors.
    • Maintaining a Cash Equilibrium to meet out the daily Expenditure.
    • Paying out the Short Term Debts.

    Meeting Capital Expenditure

    • Purchasing Machinery, Assets, Land and Building for the business.
    • Renovating offices, Workplace and Business Premises.
    • Purchasing Cars and Commercial Vehicles for the business.

    Features of Ujjivan Small Finance Bank Business Loan

    • Fast approval of the loan amount.
    • Get business loans up to ₹2 Crores.
    • Priority-based service at all the Ujjivan Small Finance Bank branches.
    • All the documents are kept transparent to the user.
    • Grants a minimum business loan of ₹3,00,000
    • The rate of interest slab falls between 12% to 19%.
    • The minimum time period for repayment is 12 months for an overdraft.
    • The maximum repayment period is 5 years for secure business, enterprise and term loan.

    Ujjivan Small Finance Bank Business Loan Documents Required

    • Pan card of the individual or Partnership firm or company.
    • Voter I.D Card, Driving License, Passport or Aadhaar Card for identity Proof. (Any one)
    • Telephone Bill, Electricity Bill, Registered Lease Deed, Sale Agreement, Bank Statement for Address Proof. (Any one)
    • Ownership proof of the residence.
    • Business Continuity proof 3 years old bank statement.
    • Passport size photographs of the applicant and co-applicants.

    Free CIBIL Score
    Personal Loan Interest Rates November 2019
    Bajaj Finserv10.99% - 16.00%
    Fullerton India14.00% - 33.00%
    HDFC Bank10.75% - 21.45%
    ICICI Bank10.99% - 18.40%
    IndusInd Bank10.99% - 16.00%
    Kotak Bank10.99% - 20.99%
    RBL13.00% - 18.00%
    Standard Chartered Bank11.50% - 18.00%
    Tata Capital10.99% - 18.00%
    Home Loan Interest Rates November 2019
    State Bank of India/SBI8.15% - 8.80%
    HDFC8.25% - 9.30%
    LIC Housing8.35% - 8.95%
    PNB Housing Finance9.25% - 12.00%
    Piramal Capital & Housing Finance9.00% - 9.10%
    Tata Capital9.20% - 9.35%
    ICICI Bank9.20% - 9.65%
    Bank of Baroda8.40% - 9.40%
    Axis Bank8.90% - 9.15%
    Citibank9.00% - 9.85%
    Indiabulls Housing Finance Limited8.80% - 11.05%
    Kotak Bank8.90% - 8.75%
    DHFL9.05% - 9.95%
    Reliance Home Finance8.75% - 14.00%