BASIC ELIGIBILITY CRITERIA FOR LOAN

• working capital loan to micro-enterprises.
• A loan is provided up to 50,00,000
• Loan tenure is up to 120 Months
• The interest rate for the product ranges up to 35%.
• Loan extended to over 190 categories of micro-enterprises ( more are added from time to time)
• Usually utilized for stocks, extending more credit or replacing trade credit and for replenishing working capital used for consumption
• Hassle-free loans – quick turnaround time.
• Facility to have limit-based loans.

BASIC ELIGIBILITY CRITERIA

Customer Profile

• Small Enterprises which includes retailers, traders, small manufacturers, and service providers

Age

• Between 22 to 65 years

Business vintage

• 3 Years

Industry Experience

• 5 Years

Monthly Income

• 20,000/- or above

DOCUMENTS REQUIRED

• Photograph - Latest Color Photograph
• Identity Proof of Applicant(Any One) - Voter ID Card / PAN Card / Passport / Driving License / Aadhar Card
• Age Proof(Any One) - Voter ID Card with Date of Birth / PAN Card / Passport / Driving License / Aadhar Card / Govt. issued document with date of birth
• Signature Verification - Bank Signature Verification
• Address Proof (Any One) - Electric Bill / Tax Bill / Water Bill / Gas Bill / Fixed Line Telephone Bill  Post Paid Mobile Bill
• Ownership Proof(Any One) - Electric Bill / Tax Bill / Water Bill / Possession Letter or Sale Deed with Latest Utility bill
• Identity Proof of Firm(Any One) - Shop Establishment Certificate / PAN Card / PAN Intimation Letter / Wealth Tax Assessment Order / Partnership Deed And Supplementary Agreement for Appointment and Retirement of any Partner
• Income Proof(Any One) - Shop Establishment Certificate / Sales and purchase bills / ITR / Financials with all schedules of last 3 years
• Bank Statement - Last 6 months’ bank statement of all bank accounts

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