About Us

Loan solutions for micro and small enterprises (MSME Loans)

For whom

  • Solutions for micro and small enterprises which form a part of the unorganized MSME sector like manufacturers, service providers and traders. The solutions cater to the variety of fund requirements for these businesses
Purpose
  • Loans are available to meet the requirements like:
    • Business improvement and expansion
    • Meeting spike in demand
    • Replacement for high cost business loans
    • Other business requirements like meeting working capital requirements etc
Key Features & Benefits of the loans
  • Easy EMI schedule for the businesses
  • Simplified assessment and documentation
  • Disbursement within 7 working days
Loan Solutions
  1. MSME  - Unsecured Loans (INR 100,000 – INR 10,00,000)
    Unsecured Loans will be an unsecured term loan facility offered to small businesses (manufacturers, service providers and trading activities and can be availed by customers with minimum business vintage of 2 years to cater to their financial requirements at different stages of business
    Documents required:
    • Duly filled application form with photographs ( applicant & co-applicant )
    • Any two – Voter I-card / Aadhaar Card / Passport / Pan Card ( for applicant & co-applicant )
    • Updated bank statement or Passbook copy of the Proprietor / Firm / Company – recent 6 months
    • Address Proof of Business & Residence – Electricity Bill / Land line Bill / Rent Agreement
    • Business Establishment Proof – (Shop and Establishment Act proof or corroborative evidence)/ Udyog Aadhaar for 2 years
    • For partnership firms – partnership deed, partnership authority letter and last 2 years audited Financials
    • For Private Ltd. Companies MOA, AOA Board resolution and last two years audited Financials
    • For proprietorship firms - IT returns filed for the last 2 years / Self attested income statement

  2. MSME - Loan Against Property (INR 5,00,000 – INR 50,00,000)
    MSME Loan against Property is a secured term loan facility, an enhanced service offered to small businesses (manufacturers, service providers and traders, etc.). This unique service can be availed by customers who have a minimum business vintage of 3 years to cater their financial requirements at different stage of growing business
    Documents required:
    • Duly filled application form with photographs ( applicant & co-applicant )
    • Any two – Voter I-card / Aadhaar Card / Passport / Pan Card ( applicant & co-applicant )
    • Updated bank statement or Passbook copy of the Proprietor / Firm / Company – recent 6 months
    • Address Proof of Business & Residence – Electricity Bill / Land line Bill / Rent Agreement’s
    • Business Establishment Proof – (Shop and Establishment Act proof or corroborative evidence)/ Udyog Aadhaar for 2 years
    • For partnership firms – partnership deed, partnership authority letter and last 3 years audited Financials
    • For Private Ltd. Companies MOA, AOA Board resolution and last 3 years audited Financials
    • For proprietorship firms - IT returns filed for the last 3 years / Self attested income statement
    • Collateral – Copy of property documents. Originals will be taken post sanction of loan
    • Recent property tax receipt establishing the ownership proof either of applicant or co-applicant or both

  3. Secured Overdraft (INR 5,00,000 – INR 50,00,000)
    MSME Secured Overdraft is a secured short term overdraft facility which will be offered to small businesses (manufacturers, traders, shopkeepers, service providers etc.) and can be availed by customers who have a minimum business vintage of 3 years to cater to their business requirements. It will be backed by primary security and/or secondary collaterals

    The overdraft limits would be sanctioned only in Suryoday Small Finance Bank’s (SSFB) current account
    Documents required:
    • Duly filled application form with photographs ( applicant & co-applicant )
    • Any two – Voter I-card / Aadhaar Card / Passport / Pan Card ( applicant & co-applicant )
    • Updated bank statement or Passbook copy of the Proprietor / Firm / Company – recent 6 months
    • Address Proof of Business & Residence – Electricity Bill / Land line Bill / Rent Agreement’s
    • Business Establishment Proof – (Shop and Establishment Act proof or corroborative evidence)/ Udyog Aadhaar for 2 years
    • For partnership firms – partnership deed, partnership authority letter and last 3 years audited Financials
    • For private Ltd. Companies MOA, AOA Board resolution and last 3 years audited Financials
    • For proprietorship firms - IT returns filed for the last 3 years / Self attested income statement
    • Collateral – Copy of property documents. Originals will be taken post sanction of loan
    • Recent property tax receipt establishing the ownership proof either of applicant or co-applicant or both
    • Latest stock statements (including debtors, creditors and inventory)
    • Proof of statutory compliance as may be applicable
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