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
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
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
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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DISCLAIMER
The audited financial statements of Suryoday Small Finance Bank Limited (“Bank”), as at and for the financial years ended March 31, 2018, March 31, 2019 and March 31, 2020 and the audit reports thereon dated May 30, 2018, May 29, 2019 and May 27, 2020, respectively (collectively, the “Financial Statements”), have been uploaded here by the Bank solely to comply with the requirements specified in the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirement) Regulations, 2018, as amended (“SEBI ICDR Regulations”).
Please note that the Financial Statements do not constitute a draft red herring prospectus, red herring prospectus or final prospectus, a statement in lieu of a prospectus, an offering circular, an offering memorandum, an advertisement, an offer or a solicitation of any offer or an offer document to purchase or sell any securities under the Companies Act, 2013, the SEBI ICDR Regulations, or any other applicable law in India or elsewhere in the world. The Financial Statements should not be considered as part of information that any investor should consider to subscribe for or purchase any securities of the Bank and should not be relied upon or used as a basis for any investment decision. Anyone placing reliance on the Financial Statements, or any other information on the website of the Bank would be doing so at their own risk.
The information contained herein does not constitute an offer for sale of, or solicitation of an offer to buy, the securities of the Bank in the United States or in any other jurisdiction. Securities may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended.
While care has been taken in preparing the Financial Statements, none of the Bank or any of its advisors, nor any book running lead managers or selling shareholders, nor any of their respective employees, directors, affiliates, agents or representatives accept any liability whatsoever for any loss howsoever arising from any information presented or contained in the Financial Statements, or the opinions expressed therein. None of the foregoing shall be liable for any direct or indirect losses arising from the use thereof and the viewers are requested to use the information contained herein at their own risk.
These Financial Statements should not be copied, reproduced, re-circulated, re-distributed, published or advertised in any media, website or otherwise, in any form or manner, in part or as a whole, without the express consent in writing from the Bank. Any unauthorized use of the Financial Statements contained herein is prohibited. Accordingly, any persons in possession of the aforesaid should inform themselves about and observe any such restrictions. Information contained in the Financial Statements is provided “as is” without warranty of any kind, either expressed or implied, including any warranty of fitness for a particular purpose. No reliance should be placed on, the accuracy, fairness or completeness of the information presented or contained in these Financial Statements. Further, past performance is not necessarily indicative of future results. Any opinion expressed on the Financial Statements are subject to change without notice.
The Financial Statements are only current as of the dates specified therein and neither the Bank nor any of its respective advisors or representatives is under any obligation to update you in the event the information in the Financial Statements becomes stale or inaccurate. You must make your own assessment of the relevance, accuracy and adequacy of the information contained in the Financial Statements and must make such independent investigation as you may consider necessary or appropriate for such purpose.
DISCLAIMER
The audited financial statements of Suryoday Small Finance Bank Limited (“Bank”), as at and for the financial years ended March 31, 2018, March 31, 2019 and March 31, 2020 and the audit reports thereon dated May 30, 2018, May 29, 2019 and May 27, 2020, respectively (collectively, the “Financial Statements”), have been uploaded here by the Bank solely to comply with the requirements specified in the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirement) Regulations, 2018, as amended (“SEBI ICDR Regulations”).
Please note that the Financial Statements do not constitute a draft red herring prospectus, red herring prospectus or final prospectus, a statement in lieu of a prospectus, an offering circular, an offering memorandum, an advertisement, an offer or a solicitation of any offer or an offer document to purchase or sell any securities under the Companies Act, 2013, the SEBI ICDR Regulations, or any other applicable law in India or elsewhere in the world. The Financial Statements should not be considered as part of information that any investor should consider to subscribe for or purchase any securities of the Bank and should not be relied upon or used as a basis for any investment decision. Anyone placing reliance on the Financial Statements, or any other information on the website of the Bank would be doing so at their own risk.
The information contained herein does not constitute an offer for sale of, or solicitation of an offer to buy, the securities of the Bank in the United States or in any other jurisdiction. Securities may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended.
While care has been taken in preparing the Financial Statements, none of the Bank or any of its advisors, nor any book running lead managers or selling shareholders, nor any of their respective employees, directors, affiliates, agents or representatives accept any liability whatsoever for any loss howsoever arising from any information presented or contained in the Financial Statements, or the opinions expressed therein. None of the foregoing shall be liable for any direct or indirect losses arising from the use thereof and the viewers are requested to use the information contained herein at their own risk.
These Financial Statements should not be copied, reproduced, re-circulated, re-distributed, published or advertised in any media, website or otherwise, in any form or manner, in part or as a whole, without the express consent in writing from the Bank. Any unauthorized use of the Financial Statements contained herein is prohibited. Accordingly, any persons in possession of the aforesaid should inform themselves about and observe any such restrictions. Information contained in the Financial Statements is provided “as is” without warranty of any kind, either expressed or implied, including any warranty of fitness for a particular purpose. No reliance should be placed on, the accuracy, fairness or completeness of the information presented or contained in these Financial Statements. Further, past performance is not necessarily indicative of future results. Any opinion expressed on the Financial Statements are subject to change without notice.
The Financial Statements are only current as of the dates specified therein and neither the Bank nor any of its respective advisors or representatives is under any obligation to update you in the event the information in the Financial Statements becomes stale or inaccurate. You must make your own assessment of the relevance, accuracy and adequacy of the information contained in the Financial Statements and must make such independent investigation as you may consider necessary or appropriate for such purpose.
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