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.
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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] |
|
||||||||||
| 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 |
Apply to BL Secured+
Loan calculator
|
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.
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