Utkarsh Smart Business

Meet your day to day business related requirements with Utkarsh Small Finance Bank's Utkarsh Smart Business. Utkarsh Smart Business offers working capital facilities in form of Overdraft and Dropline Overdraft (DLOD) limits. The credit facility ranges between 1,000,000 to 10,000,000 and are secured against collateral. The limit is renewable every year for overdraft limits. The tenure is for a minimum of 3 years and up to 10 years for dropline overdraft are offered at an interest rate between 10.5% to 14.0% per annum. Rate of Interest(ROI): 10.5% to 14.0% p.a.

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• Documents required
• Fee & Charges
• FAQ
• Benefits

1. KYC
2. Application form
3. Original Property Papers
4. Documents as per product norms

Charge Name	Charges
Processing Fee	Upto 1% of Sanctioned Limit / Loan Amount + Applicable taxes
Pre Closure Charges (Applicable to DLOD & Term Loan)	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 loan/Facility Amount and applicable taxes
	During 25 months to  36 months	3% of outstanding loan/Facility Amount and applicable taxes
	More than 36 months	2% of outstanding loan and applicable taxes
Pre Closure Charges (Applicable to Overdraft)	2% of the facility amount and applicable taxes
Cheque Deposited and Returned (outward) charges	200 Per Cheque
Cheque Return (Inward) charges	300 Per Cheque
Penal Interest	24% Per Annum
Legal/Valuation Charges	As per actuals

What’s the loan limit for Utkarsh Smart Business?

You can apply for a loan starting from 10 Lakhs to 100 Lakh.

What’s the facility tenure?

The Overdraft facility is sanctioned for 1 year, which can be renewed annually, subject to submission of required documents and satisfactory account conduct. The Minimum and Maximum tenure for DLOD is 36 Months & 120 Months respectively.

What kind of facilities are offered under Utkarsh Smart Business?

Working capital funding in the form of Overdraft and Dropline Overdraft is offered under Utkarsh Smart Business.

Who can apply for Utkarsh Smart Business?

Proprietorship, Partnership Firms including LLPs, Limited companies (Pvt. Ltd/Public Ltd.), Self Employed Professional & Trust (Hospitals & Educational Trusts).

How do I apply for this Loan?

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.

1. Loans range between 10,00,000 to 1,00,00,000
2. Loan tenure: Overdraft: 1 year, renewed annually. DLOD: Min 36 Months – Max 120 Months
3. Pay interest as per utilization of funds
4. Foreclosure Allowed during the tenure of the facility
5. No monthly principal repayment obligation in case of overdraft facility

• Documents required
  1. KYC
  2. Application form
  3. Original Property Papers
  4. Documents as per product norms
• Fee & Charges

  Charge Name	Charges
  Processing Fee	Upto 1% of Sanctioned Limit / Loan Amount + Applicable taxes
  Pre Closure Charges (Applicable to DLOD & Term Loan)	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 loan/Facility Amount and applicable taxes
  	During 25 months to  36 months	3% of outstanding loan/Facility Amount and applicable taxes
  	More than 36 months	2% of outstanding loan and applicable taxes
  Pre Closure Charges (Applicable to Overdraft)	2% of the facility amount and applicable taxes
  Cheque Deposited and Returned (outward) charges	200 Per Cheque
  Cheque Return (Inward) charges	300 Per Cheque
  Penal Interest	24% Per Annum
  Legal/Valuation Charges	As per actuals

• FAQ
  What’s the loan limit for Utkarsh Smart Business?

  You can apply for a loan starting from 10 Lakhs to 100 Lakh.

  What’s the facility tenure?

  The Overdraft facility is sanctioned for 1 year, which can be renewed annually, subject to submission of required documents and satisfactory account conduct. The Minimum and Maximum tenure for DLOD is 36 Months & 120 Months respectively.

  What kind of facilities are offered under Utkarsh Smart Business?

  Working capital funding in the form of Overdraft and Dropline Overdraft is offered under Utkarsh Smart Business.

  Who can apply for Utkarsh Smart Business?

  Proprietorship, Partnership Firms including LLPs, Limited companies (Pvt. Ltd/Public Ltd.), Self Employed Professional & Trust (Hospitals & Educational Trusts).

  How do I apply for this Loan?

  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.
• Benefits
  1. Loans range between 10,00,000 to 1,00,00,000
  2. Loan tenure: Overdraft: 1 year, renewed annually. DLOD: Min 36 Months – Max 120 Months
  3. Pay interest as per utilization of funds
  4. Foreclosure Allowed during the tenure of the facility
  5. No monthly principal repayment obligation in case of overdraft facility