Suryoday Small Finance Bank Shopkeeper Loan

Shopkeepers require funds from time to time to meet their daily working capital needs and requirements of working capital to run their business smoothly.

Suryoday Small Finance Bank offers Suryoday Small Finance Bank Shopkeeper Loan to meet business requirements for working capital, stock purchase and expansion of business.

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 daily payments
• Funds made available just when needed, helping you plan your cash flows better
• Daily collection service for Equated Daily Instalments
• Fast Approval and Disbursement
• 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 Shopkeeper Loan: For availing Suryoday Small Finance Bank Shopkeeper 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 Shopkeeper 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.

Loan amounts up to Rs 1,00,000 can be sanctioned.

Equated Daily instalments to enable distribution of repayment. 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.