Looking for a Corporate Business Loan from North East Small Finance Bank?

You have landed at the right place. This page summarises the information you may need to make a sensible and sound decision

Business Loans from North East Small Finance Bank (NESFB)

Being one of the fast-growing small finance banks in India, North East Small Finance Bank offers a range of business loans to different segments of its customer base. The bank also offers other financial products to its retail customers and other entities.

Some of the business loan offered by North East Small Finance Bank are:

  • Entrepreneurship Development Loan
  • Micro Business Loan
  • Joint Liability Group Loan

We give you a brief introduction to the business loan below.

North East Small Finance Bank (NESFB) Entrepreneurship Development Loan

North East Small Finance Bank offers this loan scheme to help small traders and service providers meet working capital or capital expenditure needs. This loan comes with a flexible repayment option of 12-36 months.

Features of NESFB Entrepreneurship Development Loan

Why this Loan?

North East Small Finance Bank (NESFB) Micro Business Loan

The loan helps small traders without income proof get a business loan up to Rs. 1 lakh. This is an unsecured loan.


Features of North East Small Finance Bank (NESFB) Micro Business Loan

Why this Loan?

North East Small Finance Bank Joint Group Liability Loan

North East Small Finance Bank sanctions this as a group loan to 5 individual borrowers who take a mutual guarantee of each other. The maximum loan amount is capped at Rs. 1 lakh. Females in the age group of 18 to 62 years are encouraged to form these groups and avail this loan for income-generation activities.

Features of North East Small Finance Bank Joint Group Liability Loan

Why this Loan?


  • The loan is granted to five individual borrowers who take mutual guarantee for each other. The only condition is that the cash flow in the business of group members must be similar
  • The tenure of the North East Small Finance Bank Joint Group Liability Loan can be selected by the group members as long as it is uniform for the whole group

Important Note: Even though the bank’s website has information available for three business loan schemes at this time, there is a possibility that the bank may offer more corporate loan options that are not yet published on the website. We suggest that you get in touch with the nearest branch to check the loan schemes they offer. This will also help you get a custom quote since many loan schemes are need-based and certain charges such as application charges, service charges, etc. may be decided on a case-to-case basis.

Interest Rate

  • As of October 2020, the interest rate for the North East Small Finance Bank business loans are as given below:
    • Enterprise Development Loan / Entrepreneurship Development Loan: 18.6%
    • Micro Business Loan: 17.95%-19.75%
  • For more details, please click here or check with the bank

Documents Needed for Individuals

  • Loan Application Form duly filled and signed by the applicant and co-applicant, if any
  • Two Passport Size Photographs of applicant and co-applicant
  • Personal ID Proof: Aadhaar Card, PAN Card, Passport or Driving License. PAN Card/PAN Card Issue Letter is must
  • Signature Proof: PAN Card, Banker’s Verification, Driving License or Passport
  • Residential Address Proof (Any One): Aadhaar Card, Electricity Bill, Post-paid Phone Bill, Valid Rent Agreement
  • Income/Banking Proof: Last 6 months Bank Account Statement of applicant and co-applicant, Loan Statement of Running Loans, Latest Closed Loan NOC, Net Worth of the applicant and co-applicant
  • Security (as applicable): Margin Money, Previous and Current Sales Deed, Plant and Machinery list, Plant and Machinery Current Valuation Report, Property Photographs, Previous Property Search and Valuation Report

Documents Needed for Proprietorship and Partnership Firms

  • Loan Application Form duly filled and signed
  • Partnership Deed and Partnership Registration Certificate
  • ID Proof of the Firm: Firm PAN Card or PAN Issuing Letter
  • Office Address Proof: Electricity Bill, Post-paid Phone Bill, Valid Rent Agreement
  • Income Proof: CMA Data and Project Report, Debtors and Creditors Certificate, GST Return, Last 3 years ITR of applicant and co-applicant, Audited or CA Certified Computation of Income/Trading Account/Profit and Loss Account/Balance Sheet, Annual Audit Report and Tax Audit Report if audited, Form 16A if applicable, Net Worth of applicants, co-applicants and guarantors
  • Banking Proof: Last 1-year Statement of Company’sMajor Account, Current Account, Cash Credit Account, Overdraft Account, Loan Statement of Running Loans, Latest Closed Loan NOC and Last 6-months Bank Statement of Applicant and Co-applicant’s Savings Account
  • Security (as applicable): Margin Money, Previous and Current Sales Deed, Plant and Machinery list, Plant and Machinery Current Valuation Report, Property Photographs, Previous Property Search and Valuation Report
  • Other Relevant Documents: Partnership’s Business Profile, Promoter/Guarantor’s Profile, Corporate Brochure, Business Experience Supporting Documents, Business References

Documents Needed for Private Limited and Public Limited Companies

  • Application Form duly filled and signed
  • Company ID Proof: Company’s PAN Card
  • Office Address Proof: Electricity Bill, Post-paid Phone Bill, Valid Rent Agreement
  • Business Proof: AOA and MOA, Company Incorporation Certificate, Business Commencement Certificate, Board Resolution, CA/CS verified Share Holding Pattern, ROC Annual Return, DIN Certificate, List of Directors on Company Letter Head, GST Number, Form 32 in case of Director Change
  • Income Proof: CMA Data and Project Report, Last 3 Years ITR Acknowledgement copy of Company and all Directors, Last 3 Years Annual Credit Report or Tax Audit Report with Article 3CB, Article 2D, Article 3CD, TDS Certificate/Form 16A, Net Worth Certificate
  • Banking Proof: Last 1-year Statement of Company’s Major Account, Current Account, Cash Credit Account, Overdraft Account, Loan Statement of Running Loans, Latest Closed Loan NOC and Last 6-months Bank Statement of Applicant and Co-applicant’s Savings Account
  • Security: Margin Money, Previous and Current Sales Deed, Plant and Machinery list, Plant and Machinery Current Valuation Report, Property Photographs, Previous Property Search and Valuation Report
  • Other Relevant Documents: Company’s Business Profile, Promoter/Guarantor’s Profile, Corporate Brochure, Business Experience Supporting Documents, Business References

Reference Facts

  • North East Small Finance Bank Website: www.nesfb.com
  • Headquarters: Guwahati, Assam
  • Customer Care Toll-Free Number: 1800 121 1905