Business Loan

MSME Loans And Overdraft

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MSME Loans

Ujjivan SFB offers MSME loans from ₹ 3 lakhs to ₹ 1000 Lakhs for any small or medium enterprise business need. If you need a loan for growing and expanding your existing business or to pay off your previous loan taken at higher interest rate, you can approach Ujjivan SFB and we would be happy to help. What is more, we have made the paperwork easy so you can apply and access the loan facility without any hassles.

Micro and Small Medium Enterprises are at the heart of our country’s development. With decades of experience in supporting small businesses, Ujjivan SFB brings to you the Micro and Small Medium Enterprise Loans that are tailor-made for the growth of your business. Our loans are aimed at boosting small businesses by financing the specific needs of the enterprise. We are happy to bring you these loans since when you grow, the country grows.

MSME Overdraft

When you aspire to grow your business, you go that extra mile to achieve excellence. Similarly, we go the extra mile with you by providing the overdraft facility, which allows you to use some extra money that is not in your account at the moment so that you do not need a loan to meet short-term requirements. Additionally, you only pay interest on the overdraft amount that you use!

We help you build your business beyond your means because we value your growth as our own. Some of our loans and overdraft facilities have been explained below:

Loan Against Property

  • Loan amount range: ₹ 3-10 Lakhs
  • Tenure range (in months): 36-84 (subject to periodical review)
  • Rate of interest (ROI): 17-19% p.a. reducing

Secure Business Loan

  • Loan amount range: ₹ 10 Lakhs - ₹ 25 Lakhs
  • Tenure range (in months): 36-120 (subject to periodical review)
  • Rate of interest (ROI): 17 - 19% p.a. reducing

Secure Enterprise Loan

  • Loan amount range: ₹ 10.10 Lakhs - ₹ 100 Lakhs
  • Tenure range (in months): 36-120 (subject to periodical review)
  • Rate of interest (ROI): 14 - 17% p.a . reducing

Overdraft Against Property

  • Loan amount range: ₹ 11 Lakhs - ₹ 100 Lakhs Tenure range (in months): 12 (subject to periodical review)
  • Rate of interest (ROI): 14 - 17% p.a.

Business Edge Term Loan

  • Loan amount range: ₹ 25 Lakhs- ₹ 1000 Lakhs
  • Tenure range (in months): 36-120 (subject to periodical review)
  • Rate of interest (ROI): 13 - 15% p.a. reducing

Business Edge Overdraft

  • Loan amount range: ₹ 25 Lakhs- ₹ 1000 Lakhs
  • Tenure range (in months): 12 (subject to periodical review)
  • Rate of interest (ROI): 12 - 14% p.a.

Loan Against Rent Receivable

  • Loan Amount Range: ₹ 5 Lakhs - ₹ 200 Lakhs
  • Tenure Range(In months): 24 – 84 (Maximum Lease Period)
  • Rate of Interest(ROI): 14% p.a.

Emergency Credit Line Guarantee Scheme (ECLGS)

In view of the economic distress caused by the COVID-19 pandemic, the Finance Ministry unveiled a Rs. 20 Lakh Crore comprehensive package, known as the Emergency Credit Line Guarantee Scheme (ECLGS). This package is in aid of Micro, Small and Medium Enterprises (MSMEs) sector, addressing working capital needs, operational liabilities and restart business impacted due the COVID-19 crisis.

This scheme is available up to June 30th, 2021, or on reaching the threshold stipulated by the Government of India under the Emergency Credit Line Guarantee Scheme (ECLGS). The working capital term loan (WCTL) comes with a tenure of 48 months, with a principal moratorium for the first 12 months.

Key Highlights of the Emergency Credit Line Guarantee Scheme:

Eligibility of applicants:

Borrowers with up to Rs. 25 Crore outstanding as on Feb 29, 2020 and up to Rs..100 Crore annual turnover for FY 2020 are eligible for this scheme. Business Enterprises, MSMEs constituted as Proprietorship, Partnership, registered company, trusts and Limited Liability Partnerships (LLPs) shall also be eligible. Borrower accounts which had NPA or SMA-2 status as on Feb 29, 2020 shall not be eligible under the scheme.

 

Loan sanctioning:

20% of the total outstanding credit of borrowers can be sanctioned as a loan under the Guaranteed Emergency Credit Line (GECL), for those who having a loan as on Feb 29, 2020.

 

No processing charges or collateral required:

Processing charges, foreclosure and prepayment charges will be waived. No collateral is required for this scheme.

 

FAQ on Emergency Credit Line Guarantee Scheme. Click Here

 

More details, you may visit NCGTC site at www.ncgtc.in

*NOTE: Applicable taxes shall be levied on all Fees and Charges specified above. All Fees, Charges and Tax are non-refundable.

CGTMSE Term Loan

  • Loan amount range: ₹ 10 Lakhs - ₹ 200 Lakhs
  • Tenure range (in months): 12-120 (subject to periodical review)
  • Rate of interest (ROI Range): 13% - 15% p.a.

CGTMSE Overdraft Facility

  • Loan amount range: ₹ 10 Lakhs - ₹ 200 Lakhs
  • Tenure range (in months): 12 (subject to periodical review)
  • Rate of interest (ROI Range ): 13% - 15% p.a.

Fees And Charges Applicable*

  • Documentation Charges: Up to ₹ 10,000/- + GST.
  • Processing Fees (% to the Limit): Up to 2.5% + GST.
  • Stamp Duty on Loan Documents and Security Document: Actuals (as per statutory provisions prevailing in the concerned State in which the loan/security documents are executed).
  • Life Insurance Premium for Borrower (If opted by the Borrower Voluntarily): As per the guidelines of the Insurer.
  • CERSAI Charges (INR): ₹ 50+ GST up to ₹ 5 Lakhs Loan Amount & ₹ 100+ GST for any Loan amount greater than ₹ 5 Lakhs.
  • Additionally, other Charges, Fees, Prepayment Penalty, Pre-closure Charges, Penal Interest ect. as per the conditions in the Sanction Letter to be issued by USFB shall also be applicable.

MSME Unsecured Overdraft Facility (Under Partnership with Progcap)

PROGCAP (DESIDERATA) offers Last Mile Retailer finance in the form of UNSECURED OVERDRAFT FACILITY. Progcap Is A Mission-Driven Inclusive Technology Platform That Focuses On Digitising Supply Chains & Facilitating Access To Finance For Last Mile Retailers.

  • Loan amount range: ₹ 1 Lakhs - ₹ 50 Lakhs
  • Tenure range (in months): 12 (subject to periodical review)
  • Rate of interest (ROI Range ): 16.22% - 18.25% p.a.

Loan Products

Last Mile Retailer : Progcap Is A Mission-Driven Inclusive Technology Platform That Focuses On Digitising Supply Chains & Facilitating Access To Finance For Last Mile Retailers. We Facilitate Credit, Payments, Business Management Etc. Among Other Services For Our Customers.

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