Please Note: Edelweiss is not a Paisabazaar partner. Offers would be from partner banks/NBFCs only.
Edelweiss is one of the leading financial services and investment companies that offer a diverse range of banking and financial services that include credit, investment, advisory and insurance services. In addition, Edelweiss also provides various types of SME and business loans at attractive interest rates with flexible repayment options.
Edelweiss Business Loan Interest Rates & Fees – 2022
| Loan Type / Category | Unsecured Business Loan | Secured Loan | Equipment Loan |
| Interest Rate | 18% onwards | 18% onwards | 18% onwards |
| Loan Amount | Min. Rs. 3.5 lakh and Max. Rs. 4.5 crore | Up to Rs. 25 crore | Min. Rs. 5 lakh and Max. Rs. 2.5 crore |
| Repayment Tenure | Up to 4 years | Up to 10 years | Up to 5 years |
| Collateral | Not required | Residential, Commercial and Industrial Properties | Not required |
Note: The mentioned interest rates, fees and charges are subject to change and depend on the sole
Eligibility for Edelweiss SME Loan
| Category | Unsecured Business Loan | Secured Loan | Equipment Loan |
| Business existence | Min. 3 years | Min. 3 years | Min. 3 years |
| Company’s profit tenure | Min. 2 years | Min. 3 years | Min. 2 years |
| Minimum Turnover | Rs. 25 lakh | Rs. 25 lakh | Rs. 25 lakh |
Edelweiss offers some of the most flexible and customizable loan plans for a variety of groups and individuals:
- Self-Employed entrepreneurs
- Partnership companies
- Proprietorship companies
- Private limited firms
- Limited companies with closely held stocks
Read Also: What is Mudra Scheme?
Additional Fees and Charges – SME loans
| Processing Fees | · Micro Million: Upto 3.5% of the loan amount + taxes
· SME Equipment Loan : Upto 2% of the loan amount + taxes · SME Secured Loan : Upto 2% of the loan amount + taxes |
| Late Payment Charges | 24% per annum |
| Cheque Swap Charges | Up to Rs. 500 per swap |
| Document Retrieval Charge | Up to Rs. 500 + taxes |
| Cheque Bounce Charge | Up to Rs. 500 + taxes per bounce |
| Foreclosure Charge/Part-Prepayment Charges | 4% of the principal amount + taxes |
| Duplicate Statement Issuance Charge | Up to Rs. 500 + taxes per document |
| Cheque Pick up Charge | Upto Rs. 150 + taxes per pick up |
| CERSAI Charges | Rs.100 + taxes (for Loans above Rs. 5 Lakh) |
| Stamp Duty | As per applicable state laws |
| Conversion Fee | Upto 1% of the Loan outstanding + taxes |
Note: The mentioned interest rates, fees and charges are subject to change and depend on the sole discretion of the bank and RBI. GST and service tax shall be levied extra on the mentioned charges
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Documents Required
For Unsecured Business Loan
- Latest 2 year’s financial documents and Income Tax Return
- KYC documents of Directors/ Partners / Proprietor / Firm
- Last 6 months’ bank statements
- Existing Facility / Loan Sanction Letters
For Secured Business Loan
- Property Documents
- KYC documents of Directors / Partners / Proprietor / Firm
- Latest 3 years’ financial documents and Income Tax Return
- Last 6 months’ bank statements
- Existing Facility / Loan Sanction Letters
- Existing Facility / Loan Sanction Letters
- Machinery Invoice
- KYC documents of Directors / Partners / Proprietor / Firm
- Latest 2 year’s financial documents and Income Tax Return
- Bank statements for last 6 months
Frequently Asked Questions
Q1. Is the interest rate offered fixed or floating?
Edelweiss offer only fixed interest rate for all of its lending products.
Q2. Can trusts and societies apply for a SME or business loan?
No, they cannot apply for SME or business loans.
Q3. What is the repayment tenure of Business loan?
The repayment tenure offered is up to 48 months.
Q4. How many days does it take to process loan application?
It takes 5-7 working days post receiving correct documents.
Q5. Does SME lending offer moratorium period for Equipment loans?
No, there is no moratorium period offered.
Q6. Do I need to provide references for availing an Edelweiss business loan?
Yes, you will need to provide at least two references clarifying your good conduct and debt status.
Q7. Are under construction properties considered as collateral?
No, they are not considered as collateral.
Q8. Do I have to provide information regarding my prior or existing relationship with the bank?
Yes, you will also need to provide information regarding your previous relationship with the bank.