2. About SME Loans
Types of SME Loan
Loan Process
Interest Rates
Eligibility Criteria
Documents Required
Features & Benefits
SME Companies
3. SME finance is the funding of small and medium sized enterprises
A loan specially designed to meet the business needs
4. SME plays important role by contributing 45% of industrial output &
1.3 million jobs every year
Definitions of micro, small and medium enterprises as per there
investment in plant and machinery as follow:
Enterprises Manufacture or Product Service
Micro Upto Rs. 25 lakh Upto Rs.10 lakh
Small Rs. 25 lakh to 5 crore Rs. 10 lakh to 2 crore
Medium Rs. 5 crore to 10 crore Rs. 2 crore to 5 crore
7. Working capital:
• To bridge the working capital gap & foster growth of businesses
Business Expansion:
• For expansion of manufacturing facilities
• Increasing product lines
• Geographical expansion
• Technology upgrades etc.
Margin Money Funding:
• Margin money required for machinery purchase/LC/
8. Bank Name Interest Rate Processing Fee Loan Amount
HDFC Bank 17% - 22% 2% - 2.5% 75K - 15 Lacs
ING Vysya Bank 15.25% - 19.25% 2% - 2.5% 2 Lacs - 20 Lacs
Magma Fincorp 16.5% 3% Upto 2 Crore
Bajaj Finserv 19% - 20% 2% 1 Lac – 45 Lacs
ICICI Bank 15% - 19% 2% - 2.5% 2 Lacs - 25 Lacs
Fullerton India 21% - 28% 2% - 3% 1 Lac - 20 Lacs
9. Age Between 21 to 65 years
Turnover of the business
Profit of the business
Cash flow of the business
Track record and type of business
Professionals with stable income & business
10. Proofs of age, address & signature
Bank statements- past 6 months
Financial statements- last 3 years
IT returns- last two years
Ownership Proof of Residence or Office
Incorporation documents
Tax receipts for the current year turnover
11. Tax Benefits as per applicable laws
Hassle-free loans
No security/collateral required
Repay with easy EMIs
Simple procedure
Minimal documentation
Quick approval
Higher loan tenure
Flexibility of loan tenure