Business vintage
At least 6 months of business operation for working capital; 12 months for term and secured products. New units seeking a term loan may be considered on the strength of promoter experience and order book.
Our Products
Five ways to fund a growing business
Every product below is designed around a specific business need. Indicative terms are published in full; your final rate and charges depend on your profile and are set out in writing before you sign anything.
Product 01
Working Capital Loan
Short-term finance to fund the day-to-day operations of a running business. Use it for stock purchases, raw materials, wages, rent or supplier payments during a busy season.
- Best for — kirana stores, wholesalers, distributors, small manufacturers, service providers
- Repayment structure — equated monthly instalments matched to your turnover
- Prepayment — allowed on part or full repayment, subject to the terms in your Key Facts Statement
- Renewal — assessed annually on the strength of your last twelve months
Indicative terms
- Loan amount
- ₹50,000 – ₹10,00,000
- Interest rate
- 14.5% – 22% p.a.
- Tenure
- 12 – 36 months
- Processing fee
- 1% – 2% of sanctioned amount
- Collateral
- Not required
- Credit guarantee cover
- Available on eligible accounts
Product 02
MSME Term Loan
Medium-tenure finance for capital expenditure. Buy machinery, upgrade a production line, or open a new outlet — and pay it off over a period that matches the life of the asset.
- Best for — manufacturing units, workshops, franchise and outlet expansion
- Moratorium — up to 3 months principal repayment holiday on eligible files
- Top-up — available after 50% repayment if business performance supports it
- Subsidy — we support documentation for applicable MSME government credit-enhancement schemes
Indicative terms
- Loan amount
- ₹1,00,000 – ₹25,00,000
- Interest rate
- 13.75% – 20% p.a.
- Tenure
- 24 – 60 months
- Processing fee
- 1% – 2% of sanctioned amount
- Collateral
- Optional
- Moratorium
- Up to 3 months
Product 03
Group / Joint Liability Loan
Small-ticket finance extended to self-help groups and joint liability groups. Members pool risk and accountability, which keeps documentation light and repayment discipline strong.
- Best for — SHGs, JLG clusters, women-led enterprise groups, first-time borrowers
- Group size — 4 to 20 members forming an active group
- Repayment — weekly or monthly collection at the group meeting
- Support — financial literacy sessions and bookkeeping assistance included
Indicative terms
- Loan per member
- ₹25,000 – ₹3,00,000
- Interest rate
- 16% – 24% p.a.
- Tenure
- 12 – 36 months
- Repayment mode
- Weekly or monthly
- Group size
- 4 – 20 members
- Collateral
- Not required
Product 04
Property / Business Premises Loan
A secured loan against your own property — to buy a shop or workshop, construct a premises, or refinance an existing property debt at a lower cost.
- Best for — buying or constructing business premises, property refinancing
- Lower rate — secured lending carries a reduced interest rate
- Tenure — longer repayment periods aligned to property value
- Documentation — clear title, approved plan and valuation by our empanelled valuer
Indicative terms
- Loan amount
- ₹5,00,000 – ₹50,00,000
- Interest rate
- 11.5% – 16% p.a.
- Tenure
- 60 – 180 months
- Loan-to-value
- Up to 70% of property value
- Processing fee
- 1% of sanctioned amount
- Collateral
- Property security required
Product 05
Vehicle Loan
Finance for a new or used commercial vehicle, so that your business can carry more load, reach more customers and stop paying a third party every trip.
- Best for — transport operators, delivery fleets, goods carriers
- New and used — both new vehicles and used commercial vehicles are financed
- Quick check — preliminary eligibility on the spot with documents in hand
- Hypothecation — vehicle remains hypothecated to us until the loan closes
Indicative terms
- Loan amount
- ₹2,00,000 – ₹20,00,000
- Interest rate
- 13% – 19% p.a.
- Tenure
- 36 – 84 months
- New vehicle LTV
- Up to 85%
- Used vehicle LTV
- Up to 70%
- Collateral
- Hypothecation of vehicle
Eligibility
Who qualifies
Indicative criteria. Your relationship manager will confirm the specifics for your file.
Turnover & age
Minimum annual turnover as assessed by field verification. Promoter age typically 21–65 years at application, with the business expected to continue for the full loan tenure.
Credit & repayment history
No wilful default, no overdue with another lender, and adequate surplus generated to service the instalment. Existing EMIs are considered when sizing the facility.
KYC & identity
Valid identity and address proof, PAN, and completed e-KYC. For group lending, identity verification of every member is required.
Registration
Formal registration is preferred but not mandatory. Where registration is unavailable, our team will accept alternative evidence of a genuine business.
Residency
Promoter and business should generally be within a serviceable location of the lending branch. Address and phone contactability are verified in person before sanction.
Charges
Complete fee structure
Prices below are our published slabs. RBI requires that no charge be levied beyond what is recorded in the Key Facts Statement.
| Charge | Working Capital | MSME Term | Group | Property / Vehicle |
|---|---|---|---|---|
| Interest rate (p.a.) | 14.5% – 22% | 13.75% – 20% | 16% – 24% | 11.5% – 19% |
| Processing fee | 1% – 2% | 1% – 2% | 1% – 2% | 1% |
| Documentation / stamp duty | At actuals | At actuals | At actuals | At actuals |
| Valuation & legal charges | Not applicable | Optional | Not applicable | As per approved schedule |
| Insurance / credit guarantee premium | As applicable | As applicable | As applicable | As applicable |
| Prepayment charge | Nil to 2% | Nil to 2% | Nil | Nil to 2% |
| Bounce / late payment charge | As per the RBI-approved standard schedule for the applicable product | |||
Indicative only. Rates and slabs shown are placeholders for the final published schedule. No borrower is charged anything outside the Key Facts Statement provided at the time of sanction. Cooling-off period: 3 days from receipt of the Key Facts Statement.