Looking for a Small Business Loan from Utkarsh Small Finance Bank?

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MSME Loans from Utkarsh Small Finance Bank

Being one of the popular small finance banks in India, Utkarsh Small Finance Bank offers a range of business loans to different segments of its customer base. As of now, the bank offers four loans that its MSME customers can use to raise funds to run the business smoothly.

The MSME loans offered by Utkarsh Small Finance Bank are:

  • Utkarsh Business Loan
  • Utkarsh Small Business Loan
  • Utkarsh Business Loan Secured Plus
  • Utkarsh Micro Enterprise Loan

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

Utkarsh Small Finance Bank Business Loan

This is an MSME loan designed for businesses in the Micro, Small and Medium Enterprises that need funds for business expansion and growth-related activities. The maximum loan amount sanctioned under this loan is Rs. 10 lakh.

Features of Utkarsh Small Finance Bank Business Loan

Why this Loan?

  • The loan is granted to MSME businesses to help them raise funds for their business expansion and growth-related activities
  • The tenure of the Utkarsh Small Finance Bank Business Loan is up to 4 years with monthly payment frequency

Utkarsh Small Finance Bank Business Loan Secured Plus

The loan helps business owners raise funds for their working capital and capital expenditure needs. The maximum loan amount sanctioned under this loan is Rs. 1 crore.


Features of Utkarsh Small Finance Bank Business Loan Secured Plus

Why this Loan?

  • The Utkarsh Small Finance Bank Business Loan Secured Plus can be availed by business owners for their capital expenditure or working capital needs
  • As the name suggests, this is a secured loan. The bank asks for mortgage of residential or commercial properties to secure the loan
  • The loan must be repaid in Equated Monthly Instalments (EMIs) within 10 years

Utkarsh Small Finance Bank Small Business Loan

The loan helps MSME businesses raise funds for their working capital and capital expenditure needs. This is a collateral-free loan. The maximum loan amount that can be sanctioned under this loan is Rs. 10 lakh.

Features of Utkarsh Small Finance Bank Small Enterprise Loan

Why this Loan?


  • The Utkarsh Small Finance Bank Small Enterprise Loan can be availed by small business owners for their capital expenditure or working capital needs
  • This loan must be repaid within 4 years in EMIs
  • The bank allows for foreclosure during the tenure of the loan

Utkarsh Small Finance Bank Micro Enterprise Loan

The loan helps small businesses raise funds for their working capital and capital expenditure needs. The maximum loan amount that can be sanctioned under this loan is Rs. 1.5 lakh. The bank allows for foreclosure during the tenure of the loan.

Features of Utkarsh Small Finance Bank Micro Enterprise Loan

Why this Loan?

  • The Utkarsh Small Finance Bank Micro Enterprise Loan can be availed by small business owners for their capital expenditure or working capital needs
  • This loan must be repaid within 2 years in EMIs

Important Note: Even though the bank’s website has information available for a few MSME loan schemes at this time, there is a possibility that the bank may offer more 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 now, the interest rate for the Utkarsh Small Finance Bank MSME loans is not mentioned on the bank’s website. Please get in touch with a bank representative for details

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’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 (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

  • Utkarsh Small Finance Bank Website: www.utkarsh.bank
  • Headquarters: Varanasi, Uttar Pradesh
  • Customer Care Toll-Free Number: 1800 123 9878, 1800 208 1788