Please Note: Kalupur Bank is not a Paisabazaar partner. Offers would be from partner banks/NBFCs only.
Kalupur Bank is a commercial co-operative financial institution that offers banking and financial services. The bank has recently introduced SME loans up to Rs. 10 lakh for small entrepreneurs. The Kalupur bank provides business loan with an attractive interest rate of 11.50% p.a. onwards that can be availed by business owners, start-up enterprises and small entrepreneurs.
Kalupur Bank SME Loan Interest Rate
| Interest Rate | 11.50% onwards |
| Loan Amount | Min. Rs. 25000 & Max. up to Rs. 10 lakh |
| Repayment Tenure | Max. up to 60 months |
| Processing Fee | 0.40% of the loan amount, one-time processing fee Rs. 1000 |
| Loan Type | Term-loan only, EMI & Non EMI both |
Note: The mentioned interest rates, fees and charges are subject to change and depend on the sole discretion of the bank, NBFC and RBI. GST and service tax shall be levied extra on the mentioned charges.
Check and Compare – Which bank gives lowest interest rate for business loan
Business Loan offered by Kalupur Bank can be availed by retail store owners, job workers, traders, manufacturers, etc. to meet their business needs and requirements.
Kalupur Bank Eligibility Criteria – SME loan
- The applicant should be in the same line of business for at least 3 years and also provide the proof of existing business
- The applicant must have decent track record and Credit Information Report (CIR)
- The applicant or their family members must own immovable property both residential or commercial
Calculate your Monthly EMI on – How is business loan EMI calculated
Kalupur Bank also provides various other loan schemes under business loan category which are further discussed.
Additional Business Loan Schemes
Vyapar Mitra Loan Scheme
| Vyapar Mitra Loan Scheme |
|
| Loan offered to | Small traders/businessmen |
| Rate of Interest | 10.50% onwards p.a. at monthly rest |
| Loan Amount Limit | Max. cash credit of Rs. 50 lakh |
| Repayment Tenure | Renew of limit every year |
| Guarantee | Guarantor possessing own property |
| Security | Mortgage of office/Resident – immovable property |
Note: The mentioned interest rates, fees and charges are subject to change and depend on the sole discretion of the bank, NBFC and RBI. GST and service tax shall be levied extra on the mentioned charges.
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Processing Fee – Vyapar Mitra Loan
| Processing charges | Charges for Working Capital = Total FB + NFB) | Charges for Term Loan (Not Applicable to Retail Loan Products) |
| Up to Rs 5.00 lakh | Nil | Nil |
| Rs 5.01 lakh to Rs 10.00 lakh | Rs 1500/ | Rs 1500/- |
| Rs 10.01 lakh to Rs 25.00 lakh | Rs 3500/- | Rs 3500/- |
| Rs 25.01 lakh to Rs 100.00 lakh | 0.15% of limit | 0.30% of limit |
| Rs 100.01 lakh to Rs 500.00 lakh | 0.20% of limit | 0.45% of limit |
| Above Rs 500.01 lakh | 0.25% of loan amount | 0.50% of limit |
| Maximum | Rs 6.00 lakh | Rs 8.00 lakh |
Kalupur Bank has also introduced new Secured Loan Scheme that offers loan amount upto Rs. 50 lakh. The maximum repayment tenure for this loan scheme is 84 months. This loan scheme is offered to small businessman for purchase of shop/ office etc. at a margin up to 40%.
Kalupur Bank’s Machinery Loan
| Kalupur Bank – Machinery Loan |
|
| Purpose | For purchase of new machinery/equipment |
| Rate of Interest | For Credit below Rs. 100 Lakh – 10.50% to 10.75%
For Credit above Rs. 100 Lakh – 09.50% – 11.50% |
| Loan Amount Limit | |
| Repayment Tenure | Max. 60 – 72 months |
| Guarantee | Two guarantors possessing the property |
| Security | Hypothecation of Collateral security/Asset Financed in the form of Mortgage of Immovable Property |
Note: The mentioned interest rates, fees and charges are subject to change and depend on the sole discretion of the bank, NBFC and RBI. GST and service tax shall be levied extra on the mentioned charges.
Toll Free Number: 1800 233 99999
Documents Required for Loan Application
- Self-drafted business plan
- Duly filled application form with latest passport-sized photo of applicant /s and guarantors
- KYC documents of applicant: Passport, Voter ID card, Aadhar card, Driving License, Utility Bills (Water & Electricity Bills)
- Banking statements of last 12 months
- Company establishment certificate
- Latest salary slips, if in case the applicant is salaried
- Any other document required by the bank
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