SME Loans By Reliance Capital

SME Loans - Overview

SME loans from Reliance Commercial Finance are designed to fuel your efforts in giving shape to your business aspirations. We offer small business loans especially crafted for small and medium enterprises, because their financing needs are unique. These loans are perfectly suited to your requirements and financial quotient. Whether you are looking to boost capital for an existing production project or an expansion plan, we make it happen for you through our SME loans. 

Our financial solutions are designed to meet the individual needs of firms in 15 varied industries that have a promising future in the current market. Certain features of our small business loans will benefit your business in the long run too. These features include higher loan eligibility, flexibility of loan tenure and convenient EMI payment options. 

You can also check out our EMI calculator to better understand the repayment structure.

 

 

SME Loans - Features

 
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  •  Focusing more than 15 different and promising industries.
     Convenient EMIs.
     Higher Loan eligibility.
     Flexibility of loan tenure
     Easy repayment option by way of simple EMIs.
     Higher loan tenure to suit your capital expenditure requirements.

 

 

SME Loans - Eligibility

 

You are just a click away from realising your dreams with Reliance SME Loans. We know that a perfect fit for financing solutions will make all the difference to your ambitions. That’s why we bring you customized loans with simple SME Loan Eligibility criteria to meet your requirements. 
 

Parameters
Individual Applicant
Non-Individual Applicant

Minimum Age
24 Years
-Profitable Operations for 3 years
-Stability of Operations (Geography) for       at least 2 years

Maximum Age (on Maturity of Loan)
65 Years
 

Turnover
Turnover of More than 2.5 crores
Turnover of More than 2.5 crores

Profit (PAT)
Positive for the past two years
Positive for the past two years

 

SME Loans - Documentations

 

Sole Proprietor/Partnership/Pvt Ltd company

  •  Application form.
     Passport copy / PAN Card / Ration card.
     Office address proof.
     Passport sized photographs of all applicants / co-applicants.
     Certified copies of MOA / AOA /Partnership deed.
     Repayment track record.
     2 years audited financials.
     2 yrs ITR of directors/partners.
     6 months bank statement of main operating account.
     Proforma invoice to the equipment to be financed.
     Professional qualification certificate in case of Doctors /CA/Lawyers/Architects

 

 

SME Loans - FAQs

 

Who can avail of SME Secured Loans ? 

  • Self-employed doctors in the age group of 24 to 65 years (at the end of the loan tenure).
  • Partnership Firms & Private Ltd. Companies.

How much finance can I avail of ?

You can borrow up to 80% of your planned investment in plant and machinery, based upon your loan eligibility.
What are the tenure options?

usiness loans range from a minimum of 6 months up to a maximum of 4 years.
How long will it take to process the loan?

Loans are processed within 4-5 working days of completing the documentation.
Do I need a guarantor?

  • For sole applicant - one adult family member to be co-applicant.
  • Partners /Promoter Directors will be taken as co-applicant in case of Partnership/Pvt ltd co. respectivel.

Do I have the option of pre-paying the entire loan amount?

Yes. One can pre-pay the loan at any time after 6 months of availing of the loan. Foreclosure charges would be applicable.
How do I repay the loan ?

You can make part pre-payments of a minimum amount of Rs 50,000 after 6 months from the date of first disbursement of the loan. This payment can be made only once in a financial year subject to a maximum of 25% of the balance outstanding against your loan amount at the start of the financial year.
How do I repay the loan ?

  • Electronic Clearing System (ECS) OR
  • Post dated cheques (PDCs)

What are the stages involved in availing a loan? The stages involved are:

  • Application
  • Processing
  • Documentation
  • Sanctioning of the loan
  • Disbursement

Reliance Capital, a constituent of CNX Nifty Junior and MSCI Global Small Cap Index, is a part of the Reliance Group. It is one of India's leading and amongst the most valuable financial services companies in the private sector.

Reliance Capital has interests in asset management and mutual funds; life and general insurance; commercial finance; equities and commodities broking; wealth management services; distribution of financial products; asset reconstruction; proprietary investments and other activities in financial services.

Reliance Mutual Fund is amongst top Mutual Funds in India with over five million investor folios. Reliance Life Insurance and Reliance General Insurance are amongst the leading private sector insurers in India. Reliance Securities is one of India’s leading retail broking houses. Reliance Money is one of India’s leading distributors of financial products and services.

Reliance Capital has a net worth of Rs. 13,547 crore (US$ 2.2 billion) and total assets of Rs. 47,440 crore (US$ 7.6 billion) as on March 31, 2015.

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