Uttaran Small Business Loan (USBL)

Category / Loan type:Term Loan

Purpose :

• To help the genuine businessmen having entrepreneurship, initiative, sincerity, honesty to expand and run their business smoothly under Small Enterprise category.
• To enable a section of people having small capital to do business with the help of Bank Finance.
• To improve the banking habit of self employed persons of the society
• To contribute towards development of socio-economic condition of the country

Customer Eligibility :

• Must be a growing Business Concern.
• At Least 2 Years Business History.
• Must be a Current Account Holder of the Bank.
• Up dated clean CIB Report.

Security :

• Registered Mortgage of Land & Building
• Personal Guarantee of the Owner(s)/ Directors.
• Post dated cheque.
• Other Securities as acceptable to the Bank

Repayment : Equal Monthly Installment .

Interest Rate : Market Competitive

Required Documents:

• Valid Trade License.
• Up to date TIN Certificate.
• KYC
• Regulatory papers

Loan Tenor :1 years to 5 years .

Debt Equity Ratio : 70 : 30

*condition will be applicable