Business Loan Plus
Want to grow your business, but have no collateral? No worries!
Utkarsh Small Finance Bank offers Business Loan Plus that fulfills you needs. Business Loan Plus starts from 10,00,001 to 20,00,000, These loans are provided to individuals.
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15% discount
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Free
Cash withdrawal on Utkarsh Bank ATMs
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Business Loan Plus starting from 10,00,001 to 20,00,000,
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Loan tenure: 12 Months to 60 Months
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Repayment in easy Equated Monthly Installment (EMI)
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Repayment in Equated Monthly Installment (EMI)
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Foreclosure Allowed during the tenure of the loan
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NACH/SI allowed for loan repayment
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Hassle Free Processing
|
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 |
*Nil Processing Fee for MSME loans upto 5 Lakh.
Apply to Business Loan Plus
Loan calculator
|
Interest Rate 8.00% |
Interest Earned 3,50,452 |
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Maturity Value 13,50,452 |
Maturity Date 20 Apr 2023 |
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(Indicative interest rates for calculation only. click here for latest rates.) |
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FAQs
You can apply for a business loan Plus starting from 10,00,001 to 20,00,000.
The tenure for Business Loans 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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