SME Finance for CA firms - Business
SME FINANCE FOR CA FIRM
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.
Last Updated On : Tuesday, 19-07-2022

Interest Rates
2.70% p.a.
less than Rs.10 Cr. w.e.f 15.10.22
3.00% p.a.
Rs.10 Cr. and above w.e.f 15.10.22
2.70% p.a.
Balance below Rs. 10 crs
3.00% p.a.
Balance Rs. 10 crores and above
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Criteria
- Features
- Eligibility
- Terms and Conditions

Interest Rates
2.70% p.a.
less than Rs.10 Cr. w.e.f 15.10.22
3.00% p.a.
Rs.10 Cr. and above w.e.f 15.10.22
2.70% p.a.
Balance below Rs. 10 crs
3.00% p.a.
Balance Rs. 10 crores and above