MSME Loan Against Property
A programme by Ujjivan Small Finance Bank
Secured business loans for small and medium enterprises, in several variants with stated tenures from 12 to 180 months.
At a glance
| Best for | Small and medium enterprises that want a secured term loan for a business need |
|---|---|
| Duration | 12 to 180 months, depending on the variant |
About MSME Loan Against Property
The loan against property family is the bank's secured term lending for small and medium enterprises. The bank says it offers these loans for any small or medium enterprise business need, including growing an existing business or paying off an earlier loan taken at a higher interest rate.
What you get
- A Secure Business Loan, a Secure Enterprise Loan and a Business Edge Term Loan, each with its own loan range and tenure on the product page
- A Loan Against Rent Receivable and a Prime LAP Semi-Formal and an Elite LAP, with tenures from 12 to 180 months
- A CGTMSE Term Loan listed as its own product
Who can apply
- Micro, small and medium enterprises, including proprietorship concerns, partnership firms, one person companies, companies, LLPs and self-employed professionals with a relevant degree
- Borrowers who can offer property for the loan
How to apply: Use the MSME Loan application form on the bank's website. The document checklist lists proof of ownership of the business premises, business registration and income tax returns.