Suryoday Small Finance Bank MSME Loan

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.

• Easy application process
• Easy EMI schedule for the businesses
• Simplified assessment and documentation
• Fast Approval and Disbursement within 7 working days
• Disbursement directly credited to your bank account

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.

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.

• MSME: Unsecured Loans
• MSME: Loan Against Property
• Secured Overdraft

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 for Suryoday Small Finance Bank MSME: Unsecured Loans

Documents required for Suryoday Small Finance Bank MSME Unsecured Loans: For availing Suryoday Small Finance Bank MSME: Unsecured Loans, the applicant is required to submit following documents:

• 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 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 for Suryoday Small Finance Bank MSME: Loan Against Property

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

• 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

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 for Suryoday Small Finance Bank Secured Overdraft

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

• 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

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

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