SME Loan
SME Loans stand for Small Medium Enterprises (SME) business loans extended only to medium-sized enterprises. These loans are tailor-made to suit the needs and requirements of SMEs. It can be used as a working capital loan as well as for long-term requirements.
- Loan tenor is from 3 months to 12 months.
- Loan amount depends on the value of assets in the business.
- Interest rate is 18% to 48% per annum
- Service Charges - 1% on Loan Amount
Required Documents
- Related Documents such as copy of collateral’s contract, Land’s owner recommendation, photos of collateral (front, back, right side, left side and inside).
- Photo (1 Pc)
- NRC (Copy)
- Permanent/ Temporary Household Registration Document (Copy)
- House Rental or Evidence of Ownership (Copy)
- Proof of Residency (Original)
- Proof of Income (Original) For Self-Employment - Valid Business Register Certification or Trading License or Valid Contract/ Agreement with Partners.