SME FINANCE FOR CA FIRM

Business Current AccountsSME LoansSME Collection Products
Show More
SME Fixed DepositsSME Government SchemesApply OnlineExternal Benchmark based Lending Rate(EBLR) for MSME LoansOnline Lead StatusContact Details of AGM SMEsList of SME Intensive Branches
SME FINANCE FOR CA FIRM
  • Features
  • Eligibility
Apply Now

Purpose

Overdraft: For payment of salaries to employees/ Overheads/ Expenses pertaining to office.

Term Loan:

  • Purchase of Office Equipments, Computers, Fixtures Fixed assets/ Renovating office premises.
  • For Construction of office premises on self-owned land/ firm land/ Promoter’s land.
  • For acquisition of ready built new office premises on ownership basis.

Features

  • Target Group:
    • CA Firms (Proprietorship/ Partnership) registered with the Institute of Chartered Accountants of India and currently under practice.
  • Quantum of loan (Min/Max)
    • Overdraft: Min: Rs. 2 Lakhs; Max. Rs.25 Lakhs.
    • Term Loan: Min. Rs.2 Lakhs;
    • Max: (i) Metros: Delhi, Mumbai, Chennai, Kolkata, Ahmedabad, Bengaluru: Rs. 100 Lakhs
    • (ii) Other Centres (State Capital/ Tier-I cities): Max. Rs.75 Lakhs
  • Margin (%) :
    • Term Loan - 25%
    • Overdraft: Nil.
  • Pricing : Competitive pricing linked to EBLR
  • Collateral Security:
    • Overdraft: Nil.
    • Term Loan: Loan to be covered under CGTMSE CGTMSE fee to be borne by the borrower.
  • Repayment Period
    • Overdraft: Repayable on demand.
    • Term Loan: Repayable in 60 EMIs. (With maximum moratorium of 12 months).
  • Upfront Fee:
    • Up to Rs. 10 lakhs: Rs. 500 plus applicable taxes
    • Above Rs. 10 lakhs: Rs. 1000 plus applicable taxes

Eligibility Criteria

  • CA firm should be registered with ICAI.
  • Promotor’s Age: Minimum Age: 25 Years, Maximum Age: 65 years
  • CA must have Certificate of Membership (CoM)/ Certificate of
  • Practice (CoP) issued by ICAI. CoM/ CoP should be at least 5 years old.
  • Minimum ITR – ITR for past 3 years should be available.
  • The applicant must obtain a above 60% score as per score card under the scheme.
  • Applicant must be registered in UDYAM portal as MSME.
  • Applicants with CIC score above 650.

Apply Now

Last Updated On : Tuesday, 19-07-2022

Interest Rates

8.40%* p.a.

w.e.f. 01.09.2023

*T&C Apply.

 

View All
SEE PRODUCTS APPLY NOW
Quick Links