Religare Business Loan

Religare SME Working Capital Loans
Loan Type/Category	SME Unsecured Working Capital Loans	SME Secured Working Capital Loans – Educational Institute Financing
Interest Rate	15% onwards	15% onwards
Loan Amount	Up to Rs. 40 lakh	Min. 10 lakh & Max. 300 lakh
Repayment Tenure	Up to 36 months	Up to 84 months
Collateral Required	No	Yes

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.

Religare SME Working Capital Loans can be availed by entities that include societies, trusts, and companies with minimum 10 years of existence. A School can apply for this loan only if they are established for 7 years or more.

Religare’s Secured SME Business Expansion Loans
Interest Rate	As per business requirements
Loan Amount	Max. up to Rs. 25 crore
Repayment Tenure	10 years
Dedicated relationship manager	Available
Business Existence	Min. 3 years
Collateral	Residential, commercial and industrial properties
Loan-to-Value (LTV) ratio	As per Religare’s discretion

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

Secured SME Business Expansion Loans can be availed by retailers, exporters, importers, manufacturers, wholesalers, service industry professionals, etc. SMEs with minimum existence tenure of 3 years can apply for Secured SME Loans and can use loan amount only for debt consolidation and business expansion purposes.

Religare’s Short Term Trade Finance
Interest Rate	Charged on availed amount
Loan Amount – Existing Customers	Secured: Rs. 25 crore and unsecured Rs. 75 lakh
Loan Amount – New Customers	Secured: Rs. 3 crore and unsecured Rs. 40 lakh
Repayment Tenure	90 days
Minimum Turnover	Rs. 5 crore

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: Loan for Business Without Security in India

• Application form with colour photograph
• Identity Proof
• Address Proof
• Age Proof
• Income Proof
• Audited financials
• ITR and balance sheet
• Trading and P&L accounts
• Bank statements
• GST returns/VAT/Service tax, as applicable

Fees and Charges
Processing Fee	Up to 2% of the loan amount + taxes
Prepayment Charges	Nil
Foreclosure Charges	Nil
PDC/ECS bounce charges	Rs. 500 per instance
Swap charges	Rs. 1000 per swap
Issuance of Duplicate Income tax Certificate	Rs. 500
Penal Interest	3% p.m. on EMI overdue
Loan cancellation charges	Rs. 5000 + Interest rate on loan tenure (availed)
Statement of Account	Rs. 500
Document Retrieval	Rs. 1000
Refund of Processing Fee	Post Sanction: Nil Pre Sanction: Fee paid minus Rs. 10,000 (Administrative charges)

Note: GST or taxes shall be applicable extra on the mentioned fees and charges.

Interest Rate Options
Floating Rate of Interest	Fixed Rate of Interest
SME Equipment Finance, SME- Mortgages and SME – EDI	SME-Loan against Marketable Securities, SME-Unsecured WC and SME- Commercial Assets

What is the business loan interest rate offered by Religare Finvest?

The interest rate offered by Religare Finvest starts from 15% and exceeds up to 30% per annum.

What is the loan amount offered by Religare Finvest Ltd.?

The minimum loan amount offered is Rs. 10 lakh and maximum is Rs. 25 crore.

Can I pre-pay the loan amount anytime during the loan tenure?

Yes, you can pre-pay the loan by fulfilling the pre-payment conditions.

What is the repayment tenure of the loans offered by Religare Finvest?

The minimum loan repayment period is 12 months and can exceed up to 120 months.

What all entities can apply for Religare Finvest Business Loan or SME Working Capital Loan?

The loans can be availed by Limited Companies, Partnership Firms, Self-employed Professionals, Private Limited Companies and Proprietorship Firms.