customer-support

Talk to Expert

Sales Enquiry
Call Us: 1800 570 3888
Service Helpline
Call Us: 1800 258 5616

Our Advisors are available 7 days a week, 9:30 am - 6:30 pm to assist you with the best offers or help resolve any queries.

Get the App
get-the-app-mobile
Download the
Paisabazaar app Today!

Get instant access to loans, credit cards, and financial tools — all in one place

get-the-app-qr

Scan to download on

play-app-store
Paisabazaar
Offers on Paisabazaar are only from Credit Institutions regulated by the RBI

Ujjivan Small Finance Bank Business Loan

Home Ujjivan Small Finance Bank Ujjivan Small Finance Bank Business Loan
illustration
Unlock Best
Business Loan Offers
From 20+ Lenders

Error: Please enter a valid full name

flag +91 -

Error: This is a mandatory field

By submitting this form, you have read and agree to the Credit Report Terms of Use, Terms of Use & Privacy Policy
Error: Please accept the undertaking to proceed further
Updated: 16-05-2024 06:40:40 AM

Ujjivan Small Finance Bank provides financial support to undeserved segments of the country. Ujjivan Small Finance bank can also be termed as NBFC that offers a range of financial services to the ‘economically active poor’ who were not effectively served by the financial institutions.

Moreover, Ujjivan Small Finance Bank (USFL) is a scheduled bank included in the Second Schedule to the Reserve Bank of India Act, 1934. Below are the details of the different kinds of MSE loans offered by USFL that can be availed at an interest rate of 12% p.a. onwards.

Ujjivan Small Finance Bank MSE Loan
Category/Loan Type Secured Business Loan Secured Enterprise Loan Overdraft Against Property Business Edge Term Loan Business Edge Overdraft
Interest Rate 17% onwards 14% onwards 14% onwards 13% onwards 12% onwards
Loan Amount Rs. 10 lakh- Rs. 25 lakh Rs. 10 lakh – Rs. 50 lakh Rs. 11 lakh – Rs. 50 lakh Rs. 25 lakh – Rs. 200 lakh Rs. 25 lakh – Rs. 200 lakh
Repayment Tenure 36-120 months 36-120 months 12 months 36-120 months 12 months

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.

Fees and Charges
Documentation Charges Up to Rs. 10,000 + GST
Processing Fee Up to 2.50% of the loan amount + GST
Life Insurance Premium for Borrower As per guidelines of insurer
CERSAI Charges Rs. 50 + GST for loan amount up to Rs. 5 lakh
Stamp Duty At Actuals

Note: GST shall be added additional to the fees and charges mentioned.

Additional Charges like pre-payment charges, foreclosure charges, penal interest, etc. are charged as per the conditions in Sanction Letter issued by the NBFC.

Also Read: Apply for MSME Loan for New Business

Eligibility and Usage for Ujjivan MSE Loan
Reach us at
FAQs

Eligibility and Usage for Ujjivan MSE Loan

USFL MSE loans can be availed by registered or unregistered MSE with minimum annual sales turnover as mentioned below for 3 priority sectors:

  • Services: Rs.15 lakh and above
  • Manufacturing: Rs. 18 lakh and above
  • Trading: Rs. 20 lakh and above

Usage of MSE Loans

MSE Loans offered by USFL can be used under three categories for various purposes that include:

Working Capital

  • Payment to creditors
  • Short-term debt repayment
  • Financing to debtors
  • To meet working daily capital requirements

Capital Expenditure

  • Investing in the renovation or purchase of factory/godown/office and other office locations
  • Purchase of new/old equipment

Debt Consolidation

  • Short-term loan for debt consolidation

Applicants who want to avail Ujjivan Small Finance Bank MSE loan can visit paisabazaar.com and check and compare business loan options from other financial institutions or can connect with USFL by dialling this Toll Free Number 1800 208 2121 or can email at customercare@ujjivan.com.

Reach us at

Head Office Address

Grape Garden, No. 27

3rd ‘A’ Cross, 18th Main

6th Block, Koramangala

Bengaluru – 560 095, Karnataka

Registered Office

Plot No. 2364/ 8, Khampur Raya Village

Shadi Kampur, Main Patel Road

New Delhi – 110 008, India

FAQs

What is the loan amount that I can avail from USFL?

The minimum loan amount that can be availed is Rs. 10 lakh and maximum is Rs. 2 crore.

What is the repayment tenure of the USFL MSE loan?

The maximum repayment period of USFL MSE loan is 120 months.

Can I prepay my loan anytime during loan tenure?

Yes, you can pre-pay your loan amount but there will be a penalty of 5% on the outstanding loan amount, if the loan is pre-closed within 12 months of disbursement. Secondly, 3% penalty will be levied on outstanding amount, if the loan is pre-closed after 12 months of loan disbursement.

What are the modes of loan disbursement offered by USFL?

The two major modes of loan disbursement are either by NEFT or RTGS.

What is the range of interest rate offered by USFL?

The range of interest rate offered under types of MSE loans are as follows:

  • Secured Business Loan: 17-19% p.a. reducing
  • Secured Enterprise Loan: 14-17% p.a. reducing
  • Overdraft Against property: 14-17% p.a.
  • Business Edge Term Loan: 13-15% p.a. reducing
  • Business Edge Overdraft: 12-14% p.a.

What is the processing fee charged by USFL?

The processing fee charged by USFL for their MSE loans is up to 2.50% of the loan amount + GST.

Menu