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Business loans from Jana Small Finance Bank are offered at an interest rate of 16% p.a. onwards. The maximum loan amount offered is up to Rs. 50 lakh with a repayment tenure of up to 15 years. Details of the types of business loans offered by Jana Bank are mentioned below:
Jana Small Finance Bank – Business Loan
| Jana Bank – Business Loan – Highlights | |
| Interest Rate | 16% – 21 % p.a. (Secured) & 26% – 28 % p.a. (Unsecured) |
| Loan Amount | Up to Rs. 3 lakhs (without collateral security) Up to Rs. 50 lakhs (with collateral security) |
| Repayment Tenure | Up to 3 years (unsecured) & Up to 15 years (secured) |
| Collateral Required | Yes, in form of land – residential or commercial building |
| Current Account | Zero Balance Current Account |
| Insurance Facility | Available for applicant an co-applicant |
| Doorstep Facility | Available |
| Offered to | Existing customers & New customers of Jana Bank with minimum business vintage of 3 years |
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.
Also – Compare Business Loan Interest Rates from Top Indian Banks
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Jana Bank Business Loan for Individuals
| Business Loan for Individuals – Highlights | |
| Interest Rate | Varies from applicant to applicant |
| Min. Loan Amount | Rs. 30,000 |
| Max. Loan Amount | Rs. 1 lakh |
| Eligibility Criteria | Existing customers with 18 months of relationship with Jana Bank |
| Business Existence | Min. 2 years |
| Collateral Required | No |
| Doorstep Service | Available |
| Collection through | NACH |
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.
Also Read: How to get a business loan without security?
Documents Required for Loan Application
Documents required if PAN Card is not available
- Form 60
- Passport
- Voter’s ID Card
- Letter issued by National Population Register having details of name and address
- National Rural Employment Guarantee Act (NREGA) certificate
Residence Proof
- Any 1 of KYC documents
- Utility Bill not old than 60 days
Please Note: Jana Small Finance Bank is not a Paisabazaar partner. Offers would be from partner banks/NBFCs only.
Apply for Business Loans for Small Businesses Apply Now
Toll-Free Numbers: 1800-2080 / 1800 4200
FAQs
Q. What are the types of business loans offered by Jana Small Finance Bank?
The types of business loans offered by Jana Small Finance bank include Business Loans for Individuals, Business Loans for Entity, Secured Business Loans and Secured Plus Business Loans.
Q. What is the business loan interest rate offered by Jana Bank?
The business loan interest rate offered by Jana Bank starts at 16% p.a. onwards.
Q. What is the repayment tenure of the business loan offered by Jana Bank?
The maximum repayment tenure offered is up to 15 years.
Q. What is the processing fee charged on the loan amount?
The processing fee charged is 3% of the loan amount plus GST.
Q. Can I pre-pay my loan and what are the charges?
Yes, you can pre-pay your loan anytime at no additional cost, only in the case of Business Loans for Individuals. There is no pre-payment charge levied by the bank. For other loans, there are charges levied by the bank.
Q. What are the late payment charges, if I have a business for an individual?
There are no late payment charges, only if you are availing loan for an individual.