BL Secured+

Utkarsh Small Finance Bank offers these loans to non-individual entities to meet their business related working capital as well as fixed assets creation related requirements. These loans range between 10,00,001 to 2,00,00,000 and are secured against the property (residential, industrial and/ or commercial) offered as collateral.

Rewards

Get

Rewards

1 reward point on every 100 spends on debit card

15% discount

Get

15% discount

1 reward point on every 100 spends on debit card

Free

Get

Free

Cash withdrawal on Utkarsh Bank ATMs

  • BL Secured + starting from 10,00,001 to 2,00,00,000.

  • 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

  • KYC

  • Application form

  • Last one year's bank statement

  • Last Two year Financials and Income tax Return

  • Documents as per product norms

S. No

Charge Name

Charges

i. 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
v. 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
x. 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
gift-icon
Apply to BL Secured+

Loan calculator

Amount ()

1 Lac

10 Cr

Tenure ( )

1 Month

120

Interest Rate (%)

1%

31%

line-chart-pattern-bg
Equated Monthly installments (EMI)

2,10,651

Need more Information?
Deposit Amount
Interest Earned

Interest Rate

8.00%

Interest Earned

3,50,452

Maturity Value

13,50,452

Maturity Date

20 Apr 2023

(Indicative interest rates for calculation only. click here for latest rates.)

FAQs

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

The tenure for BL Secured+s Plus is between 12 months to 60 months

Non- Individual Entities.

You can either visit your nearest Utkarsh Small Finance Bank's branch or write to us at [email protected], let us know about your requirement and we will get in touch with you.

Blogs

How to select the perfect Savings Account

Read more

Fixed Deposit Vs Public Provident Fund : Which is Better?

Read more

Everything you need to know before taking a loan for home

Read more

Top media stocks in India : Entertaining Income

Read more

You may also be interested in

Savings
Savings

Earn up to 7.50 %* on your Savings Account and get interest credited quarterly

Deposits
Deposits

Earn interest rates up to 8.50 %* p.a. and 9.10 %* p.a. for Senior Citizens

Loans
Loans

Get Loan amount upto 10 Crores with Flexible Tenure upto 15 years

Explore offers on debitcard
Insurance & Investment

Turn your surplus funds into security, for a better tomorrow

go-to-top

TOP