SME loans are normally used by small and medium enterprises, who are keen on expanding their existing business or need to invest in a new business against the borrowed amount. At CI Capital, we are committed to give support to businesses with sufficient loans for expansion / development, procurement of machinery, etc.
- Secured Rs. 1 lac to Rs. 3 lacs
- Unsecured Rs. 50,000 to Rs. 2,50,000
- Loans given to small and medium enterprises for fulfilling working capital requirement
- Ticket size ranges from 50,000 to 3 Lacs
- Loan tenure up to 36 months
- The interest rate for the product will be based on customer profile and credit score
- Usually utilized for stocks, extending more credit or replacing trade credit and for replenishing working capital used for consumption.
- Hassle free loans: Quick turnaround time
- Facility to have limit based loans.
- Working Capital loans are extended to small and medium sized dealerships, distributorships, traders, manufacturers, and service providers across various industry clusters in the market.
BASIC ELIGIBILITY CRITERIA
Customer Profile
- Salaried
- SENP
- Minimum age of 18 years
- Small and medium sized manufacturers, dealers, traders, and service providers engaged in various industries.
Property Ownership
- Ownership of at least 1 property is mandatory
Minimum Business Vintage
- 3 Years
Rented Premises
- If on rent the residential stability needs to be proved minimum for 3 years and business stability of 5 years
DOCUMENTS REQUIRED
- Loan Application
- KYC Documents (PAN Card / Aadhar Card / Driving License / Passport / Electricity Bill / Bank Passbook)
- If SENP – Business Proof Required
- Ownership Proof – Shop / Home / Vehicle Ownership
- Income Proof (Any One)
- 6 months operated Bank Statement or Passbooks
- Salary Slip of last 3 Months
- Form 16 / 26 AS
- ITR for the last 2 Years
- Photograph – Latest Color Photograph
- Identity proof of promoters (Any One) – Voter ID Card / PAN Card / Passport / Driving License / Aadhar Card / Govt. issued document + Photograph / Bank Sign Verification + Photo
- Bank Statement – Last 1 year bank statement of all bank accounts
- Existing facility sanction letter/ Repayment Track Record (RTR) of existing loan, if any
*CI Capital Pvt. Ltd. reserves the right to ask for additional documents.
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