Name: Utkarsh Bank
Address: S-24/1-2, First Floor,Mahavir Nagar,Orderly Bazar, Near Mahavir Mandir, Varanasi, 221002, India
Telephone: 1800 123 9878

Business Loan Secured+

Expanding a business is no small feat, but we’re here with all the support you need to make it happen. Utkarsh Small Finance Bank Limited BL Secured + is just what you need to take the next step in your business. With easy EMIs and minimum processing fees, you can rest assured and concentrate on the only thing that needs your attention - your business. From expansion, asset acquisition, business renovation to working capital requirement, BL Secured+ have got you covered. It ranges between Rs.10,00,001 up to a maximum of Rs.1,00,00,000.Rate of Interest (ROI): 13%-17% p.a.

Apply online

Benefits
Documents required
Fees and Charges
FAQ

Business loans of up to Rs. 1 Crore available.
Mortgage of residential/commercial properties
Best in class interest rate
Repayment in easy Equated Monthly Installments (EMI)
Foreclosure allowed during the tenure of the loan
NACH/SI allowed for loan repayment
Hassle Free Processing
Loan tenure is from 36-120 months

KYC
Application form
Last one year’s bank statement
Last Two year Financials and Income tax Returnv
Documents as per product norms

S. No

Charge Name

Charges

Processing Fee*

Upto 2% of Loan Amount + Applicable taxes

ii.

Account Maintenance Fee (For on MSME Loans up to Rs. 5 Lakh)

Upto 2% of Loan Amount + applicable taxes

iii.

Pre Closure Charges (Loan Priced at Fixed Rate of Interest)

Pre-Closed by	Pre Closure Charges
Upto 6 Months	6% of outstanding Principal portion of the loan and applicable taxes
During 07 to 24 months	4% of outstanding Principal portion of the loan and applicable taxes
During 25 months to 36 months	3% of outstanding Principal portion of the loan and applicable taxes
More than 36 months	2% of outstanding Principal portion of the loan and applicable taxes

iv.

Part Prepayment Charges (Loan Priced at Fixed Rate of Interest)

4% of the Pre-Payment amount towards principal and applicable taxes

Cheque /NACH/ SI Bouncing Charges

Rs. 300 + Applicable taxes

vi.

Penal Interest on Overdue EMI

2% month on the Overdue EMI for the Overdue Period

vii.

Legal/Valuation Charges

As per actuals

viii.

Duplicate Interest and Principal Certificate issuance Charge

Rs. 250 + Applicable taxes

ix.

Duplicate No dues Certificate / NOC issuance Charges

Rs. 250 + Applicable taxes

Swap Charges (Cheque/Instrument)

Rs. 500/- per occasion of swapping of the ECS mandate/NACH/ Standing instruction mandate+ Applicable taxes

xi.

Duplicate statement issuance Charges

Rs. 250/- per instance per set + Applicable taxes

xii.

Charges for subsequent set of Photocopy of loan agreement/ documents where requested by Borrower

Rs. 250/- per instance per set + Applicable taxes

*Nil Processing Fee for MSME loans upto Rs. 5 Lakh.

What’s the loan limit for Secured Business Loans?

You can apply for a business loan starting from Rs. 10,00,001 to Rs. 1,00,00,000.

What’s the loan tenure?

Maximum loan tenure is 120 months.

Who Can Apply for Secured Business Loans?

Non - Individual Entities

How do I apply for a Secured Business Loan?

You can either visit your nearest USFBL branch or write to us at communications@utkarsh.bank, let us know about your requirement and we will get in touch with you.

Benefits
1. Business loans of up to Rs. 1 Crore available.
2. Mortgage of residential/commercial properties
3. Best in class interest rate
4. Repayment in easy Equated Monthly Installments (EMI)
5. Foreclosure allowed during the tenure of the loan
6. NACH/SI allowed for loan repayment
7. Hassle Free Processing
8. Loan tenure is from 36-120 months
Documents required
1. KYC
2. Application form
3. Last one year’s bank statement
4. Last Two year Financials and Income tax Returnv
5. Documents as per product norms

Fees and Charges

S. No

Charge Name

Charges

Processing Fee*

Upto 2% of Loan Amount + Applicable taxes

ii.

Account Maintenance Fee (For on MSME Loans up to Rs. 5 Lakh)

Upto 2% of Loan Amount + applicable taxes

iii.

Pre Closure Charges (Loan Priced at Fixed Rate of Interest)

Pre-Closed by	Pre Closure Charges
Upto 6 Months	6% of outstanding Principal portion of the loan and applicable taxes
During 07 to 24 months	4% of outstanding Principal portion of the loan and applicable taxes
During 25 months to 36 months	3% of outstanding Principal portion of the loan and applicable taxes
More than 36 months	2% of outstanding Principal portion of the loan and applicable taxes

iv.

Part Prepayment Charges (Loan Priced at Fixed Rate of Interest)

4% of the Pre-Payment amount towards principal and applicable taxes

Cheque /NACH/ SI Bouncing Charges

Rs. 300 + Applicable taxes

vi.

Penal Interest on Overdue EMI

2% month on the Overdue EMI for the Overdue Period

vii.

Legal/Valuation Charges

As per actuals

viii.

Duplicate Interest and Principal Certificate issuance Charge

Rs. 250 + Applicable taxes

ix.

Duplicate No dues Certificate / NOC issuance Charges

Rs. 250 + Applicable taxes

Swap Charges (Cheque/Instrument)

Rs. 500/- per occasion of swapping of the ECS mandate/NACH/ Standing instruction mandate+ Applicable taxes

xi.

Duplicate statement issuance Charges

Rs. 250/- per instance per set + Applicable taxes

xii.

Charges for subsequent set of Photocopy of loan agreement/ documents where requested by Borrower

Rs. 250/- per instance per set + Applicable taxes

*Nil Processing Fee for MSME loans upto Rs. 5 Lakh.

FAQ

What’s the loan limit for Secured Business Loans?

You can apply for a business loan starting from Rs. 10,00,001 to Rs. 1,00,00,000.

What’s the loan tenure?

Maximum loan tenure is 120 months.

Who Can Apply for Secured Business Loans?

Non - Individual Entities

How do I apply for a Secured Business Loan?

You can either visit your nearest USFBL branch or write to us at communications@utkarsh.bank, let us know about your requirement and we will get in touch with you.