Suryoday Small Finance Bank Business Loan

Suryoday Small Finance Bank offers Suryoday Small Finance Bank Business Loan to meet day to day working capital requirement of the unit/ establishment.

Suryoday Small Finance Bank Business Loan is offered to meet sudden shortfall of finance towards ongoing business needs specially during seasonal spikes in sales volumes.

It is suitable for following categories of persons:

• Small businesses
• Grocery stores
• Ready-made garment shops
• Medical shops, etc.

• Easy application process
• Hassle free repayment schedule with pocket friendly monthly payments
• Funds made available just when needed, helping you plan your cash flows better
• Helps you to plan your long term fund management
• Approval and disbursement in 7 days
• Insurance against the borrowed loan amount
• Disbursement directly credited to your bank account

Proprietary and single owner enterprises can apply for this loan.

Businesses with monthly turnover of less than Rs 5 lakhs only can apply for the same.

Documents required for Suryoday Small Finance Bank Business Loan: For availing Suryoday Small Finance Bank Business Loan, the applicant is required to submit following documents:

• Two Passport Size Recent Coloured Photograph
• Copy of PAN Card
• KYC (Know Your Customer) Documents : Proof of Identity & Proof of Address
• Completely Filled Business Loan Application Form
• Ownership proof of either residence or office either in the name of applicant or jointly with family members
• Business Continuity Proof
• Proof of Vintage eg. Shops & Establishment certificate/VAT/Sales Tax Registration Certificate, Pollution license, etc.
• Letter certifying end use of the business loan funds
• No supporting income generating documents are required

Will be decided by the bank based on borrower's loan repayment capacity, income statements, cash flows and past track record of repayment.

Please contact your bank branch for further details in this regard.

Monthly installments ranging from 12 to 24 months, enabling borrowers to plan their long term fund management.

Interest rate offered by the bank is very competitive. Please contact your bank branch for further details.