Business Correspondent
With an objective of ensuring greater financial inclusion and increasing the delivery of its financial services, Utkarsh Small Finance Bank Ltd. appoints institutional Business Correspondents.
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Following are the list of Business Correspondent for the Bank.
| Sl. | Business Correspondent and Addresses | Operating States | Products Offered |
|---|---|---|---|
| 1 | Janakalyan Financial Services Private Limited, CD - 193, First Floor, Sector -1, Salt lake City, Kolkata – 700064, Phone No. 033-23370123 | West Bengal | Micro Loans |
| 2 | Ambition Services Private Limited, H. No.25, 2nd Floor, Near Dwarka Sector -11 Metro Station Dwarka Sector 11, New Delhi - 110075 | Haryana, Rajasthan | Micro Loans & Secured MSME |
| 3 | New Opportunity Consultancy Private Limited, 707 &708, Cyber One, Sector 30, Vashi, Navi Mumbai-400703, Maharashtra, Phone No. 022-20870050 | Chattisgarh, Madhya Pradesh | Micro Loans |
| 4 | Mentor Home Loans India Limited, Govind Marg, Sethi Colony, Jaipur, Rajasthan, PIN 302004 | Rajasthan | Home Loan & Loan against property |
| 5 | Arth Micro Finance Private Limited, A64, RIICO Residential Colony, Near GIT College, Sitapura, Jaipur, Rajasthan, PIN 302000, Phone No. 09116016722 | Rajasthan, Madhya Pradesh | Micro Loans |
| 6 | Saksham Gram Credit Private Limited, 202, Anmol Pride, 1st Floor, C.S. No.270, Behind RBL Bank,Varsha Park Society,Baner Road, Baner, Pune - 411045 |
Maharashtra,Telangana,Karnataka,Andhra Pradesh | Micro Loans, Retail MSME |
| 7 | Pradakshana Fintech Private Limited, 2nd Floor, 11-4-189/4, Plot No 19, Rd Number 6, above Jai Mathadi Dress, Pochamma Bagh Colony, Saroornagar, Telangana 500035 | Telangana,Andhra Pradesh | Micro Loans, Retail MSME |
| 8 | Origo Finance Pvt. Ltd., Level 3, Vaishnavi Cynosure, opp. RTTC, Telecom Nagar Extension, Gachibowli, Hyderabad - 500081 | Telangana, Andhra Pradesh, Karnataka | Secured MSME |
| 9 | Finnable Technologies Pvt. Ltd., Indqube Lakeside, 4th Floor Municipal No. 80/2 Wing A Bellandur Village Varthur, Hobli, Bengaluru, Karnataka 560103 | All India | Personal Loans |
| 10 | Sarvagram Fincare Pvt. Ltd.,1st Floor, Dani Corporate Park, 158, CST Road, Kalina, Santazruz [East], Mumbai 400098, Maharashtra | Maharashtra | LAP, Secured MSME |
| 11 | Moneyboxx Finance Ltd.,Vatika Business Centre, First India Place, 2nd Floor, Sushant Lok – 1, MG Road, Gurugram 122001, Haryana | Chhattisgarh, Punjab, Haryana, Rajasthan, Madhya Pradesh, Uttar Pradesh | Unsecured MSME |
| 12 | Crescendo Finserve Private Limited, 906,9th Floor,Cyber One,Plot No- 4 & 6 ,Sector 30A,Vashi, Navi Mumbai, 400 703. | Karnataka | Secured MSME |
| 13 |
Samvedna Microfinance Pvt. Ltd. |
Uttar Pradesh | Micro Loan |
| 14 |
LAXMI INDIA FINANCE LIMITED,2nd Floor, DLF Tower, Gopinath Marg, M.I Road.Jaipur, Rajasthan,302001 |
Rajasthan, Madhya Pradesh & Gujarat | Secured MSME |
| 15 |
IIFL SAMASTA FINANCE LIMITED, No-110/3, Lalbagh Road, Krishnappa Layout, Bengaluru [Bangalore], Urban, Bengaluru Urban, Karnataka, 560027 |
Karnataka, Andhra Pradesh, Telangana & Tamil Nadu | Secured MSME |
| 16 |
K.M. Global Credit Private Ltd. 902,Floor No-,Plot Fp 616, Naman Midtown, Senapati Babat Marg, Near Indiabulls,Dadar, Gokhale Road, Mumbai Maharastra- 400028 |
Uttar Pradesh | Residential Rooftop solar panel loan |
| 17 |
Finodaya Capital Private Limited, Legal Address: C/O The Enking Embassy, Plot No. 48, Scheme 78, Part 2, Vijay Nagar, Indore. Madhya Pradesh, INDIA – PIN 452010 |
Madhya Pradesh | Secured MSME |
For queries regarding partnerships please write to communications@utkarsh.bank
Identification of potential location of various banking products.
Identification of prospective clients, documentation and recommendation to bank.
Disbursement of loans, Collection of repayments and portfolio management.
Grievance Redressal on behalf of the Bank.
Any other activity mutually agreed between the BC and the Bank.
-
Product specific interest rates, processing fees, documentation fees & any other charges.
| Product | Parameter | Penal Charges |
|---|---|---|
|
Secured Loans |
In case of default in EMI payment on the due date |
2% per month on overdue amount for overdue period along with applicable taxes. |
|
Unsecured Loans |
In case of default in EMI payment on the due date |
2% per month on overdue amount for overdue period along with applicable taxes. |
|
OD Product |
Penal Charges for each instance of interest amount not being served on due date till time interest is being served. |
2% per month + applicable taxes on the overdue amount for the overdue period |
|
Penal Charges for delay in Renewal of the Credit facility till time facility is being renewed. |
2% per month + applicable taxes on the total utilized amount. |
|
| Penal Charges for any Non-Compliance to the Agreed Terms and conditions of the sanctioned facility. |
2% per annum + applicable taxes on the total utilized amount. |
- Business Correspondent SOC Click here
Entities and Individuals eligible are as per RBI guidelines.
Well-established product and geographical knowledge, good reputation, adequately capitalized and adequate experienced in managing retail assets and microfinance products
Apply to become a Business Correspondent
Loan calculator
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Interest Rate 8.00% |
Interest Earned 3,50,452 |
|
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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