Business Loan

You always need funds to take full advantage of growth opportunities in your business. Grow your business or expand without disturbing your personal investments or applying for multiple loans. Apply Business Loan starting from 150,001 to 1,000,000 with Utkarsh Small Finance Bank Limited. You can rest assured and concentrate on the only thing that needs your attention - your business. Rate of Interest (ROI): 17%-28% p.a.

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FAQs
Fees and Charges
Benefits

What’s the loan limit for Business Loans?

You can apply for a business loan starting from 150,001 to 1,000,000.

What’s the loan tenure?

The tenure for Business Loans is between 12 months to 48 months

Who can apply for Business Loan?

Non- Individual Entities.

How do I apply for a 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.

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

*Nil Processing Fee for MSME loans upto 5 Lakh.

Business Loan starting from 150,001 to 1,000,000
Loan tenure: 12 Months to 48 Months
Repayment in Equated Monthly Installment (EMI)
Foreclosure Allowed during the tenure of the loan
NACH/SI allowed for loan repayment

FAQs

What’s the loan limit for Business Loans?

You can apply for a business loan starting from 150,001 to 1,000,000.

What’s the loan tenure?

The tenure for Business Loans is between 12 months to 48 months

Who can apply for Business Loan?

Non- Individual Entities.

How do I apply for a 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.

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

*Nil Processing Fee for MSME loans upto 5 Lakh.

Benefits
1. Business Loan starting from 150,001 to 1,000,000
2. Loan tenure: 12 Months to 48 Months
3. Repayment in Equated Monthly Installment (EMI)
4. Foreclosure Allowed during the tenure of the loan
5. NACH/SI allowed for loan repayment