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

BL Secured+

These loans are provided to non-individual entities to meet their business related working capital as well as fixed assets creation related requirement. These loans range between 1,000,001 to 10,000,000 and are secured against the property (residential, industrial and/ or commercial) offered as collateral. Rate of Interest (ROI): 11%-14% p.a.

Apply online

Documents required
Benefits
Fees and Charges
FAQ

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

BL Secured + starting from 1,000,001 to 10,000,000.
Mortgage of residential/commercial properties
Competitive interest rate
Repayment in easy Equated Monthly Installments (EMI)
Repayment in Equated Monthly Installment (EMI)
NACH/SI allowed for loan repayment
Loan tenure is from 36-120 months

S. No

Charge Name

Charges

Processing Fee*

Upto 2% of Loan Amount + Applicable taxes

ii.

Account Maintenance Fee (For on MSME Loans up to 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

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

250 + Applicable taxes

ix.

Duplicate No dues Certificate / NOC issuance Charges

250 + Applicable taxes

Swap Charges (Cheque/Instrument)

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

xi.

Duplicate statement issuance Charges

250/- per instance per set + Applicable taxes

xii.

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

250/- per instance per set + Applicable taxes

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?

The tenure for BL Secured + is between 36 months to 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 Utkarsh Small Finance Bank’s branch or write to us at communications@utkarsh.bank, let us know about your requirement and we will get in touch with you.

Documents required
1. KYC
2. Application form
3. Last one year’s bank statement
4. Last Two year Financials and Income tax Return
5. Documents as per product norms
Benefits
1. BL Secured + starting from 1,000,001 to 10,000,000.
2. Mortgage of residential/commercial properties
3. Competitive interest rate
4. Repayment in easy Equated Monthly Installments (EMI)
5. Repayment in Equated Monthly Installment (EMI)
6. NACH/SI allowed for loan repayment
7. Loan tenure is from 36-120 months

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 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

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

250 + Applicable taxes

ix.

Duplicate No dues Certificate / NOC issuance Charges

250 + Applicable taxes

Swap Charges (Cheque/Instrument)

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

xi.

Duplicate statement issuance Charges

250/- per instance per set + Applicable taxes

xii.

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

250/- per instance per set + Applicable taxes

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?

The tenure for BL Secured + is between 36 months to 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 Utkarsh Small Finance Bank’s branch or write to us at communications@utkarsh.bank, let us know about your requirement and we will get in touch with you.