Ujjivan Small Finance Bank helps people who usually don't get help from banks. It's like a special bank that gives money help to those who don't have much. They offer different ways to help people with money who are often left out by regular banks.
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| Interest Rates | ||
| Fees & Charges | ||
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| Documents Required | ||
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Also, Ujjivan Small Finance Bank (USFL) is a bank that's officially recognized by the Reserve Bank of India. They offer different types of loans for small businesses at interest rates starting from 12% per year.
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Ujjivan Small Finance Bank MSE Loan |
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| Category/Loan Type | Secured Business Loan | Secured Enterprise Loan | Overdraft Against Property | Business Edge Term Loan | Business Edge Overdraft |
| Interest Rate | 17% onwards | 14% onwards | 14% onwards | 13% onwards | 12% onwards |
| Repayment Tenure | 36-120 months | 36-120 months | 12 months | 36-120 months | 12 months |
| Loan Amount | Rs. 10 lakh- Rs. 25 lakh | Rs. 10 lakh – Rs. 50 lakh | Rs. 11 lakh – Rs. 50 lakh | Rs. 25 lakh – Rs. 200 lakh | Rs. 25 lakh – Rs. 200 lakh |
Please note that the interest rates, fees, and charges mentioned are subject to change and are decided solely by the bank and RBI. Additionally, GST and service tax will be added to the mentioned charges.
Also read: Best Business Loan Interest Rate
| Fees and Charges | |
|---|---|
| Processing Fees | Up to 2.50% of the loan amount + GST |
| Documentation Charges | Up to Rs. 10,000 + GST |
| Stamp Duty | At Actuals |
| CERSAI Charges | Rs. 50 + GST for loan amount up to Rs. 5 lakh |
| Life Insurance Premium for Borrower | As per guidelines of insurer |
Additional charges such as pre-payment charges, foreclosure charges, penal interest, etc., are applied according to the terms outlined in the Sanction Letter provided by the NBFC (Non-Banking Financial Company).
Also read: Best Business Loan EMI Calculator
Ujjivan Small Finance Bank's MSE (Micro and Small Enterprises) loans are available for both registered and unregistered MSEs (Micro and Small Enterprises) in three priority sectors, with minimum annual sales turnover requirements as specified below:
Also read: Best Business Loan Eligibility
Also Read : Best Business Loan Documents Required
Customer's gold ornaments are securely stored in a safe room constructed in compliance with government regulations. These rooms are equipped with electronic surveillance to ensure the protection of the gold.
Shriram Finance provides insurance for the gold kept as collateral by you. This ensures that in the event of theft, the borrower doesn't need to worry about the security of the gold.
The interest rate starts from 11.4% per annum (*p.a.) and you can select a loan tenure ranging from 1 month up to 12 months.
Salaried individuals, self-employed professionals, business owners, and other individuals aged between 18 and 75 years can apply for Shriram Finance Gold Loan.
The minimum age requirement is 18 years, and the maximum age limit is 75 years at the time of loan maturity.