Shri Veershaiv Co-op. Bank Ltd.
(Multi State)

Business Loan

Business Loan

Empowering Entrepreneurs • Flexible • Growth-Oriented

Empower your business with our quick and affordable Business Loan designed for Micro, Small, and Medium Enterprises to start, expand, or modernize operations.

Purpose

  • To provide financial support to MSME units for business expansion or modernization.
  • For working capital requirements and fixed asset acquisition.
  • To help entrepreneurs start new ventures with low-interest credit support.
  • To strengthen existing businesses with quick processing and efficient servicing.

Loan Details

  • Type of Facilities: Term Loan, Cash Credit, Bank Guarantees
  • Loan Amount: Up to ₹9.00 Crores (subject to revision from time to time)
  • Interest Rate: 11.00% per annum
  • Security:
    • For Working Capital – Hypothecation of stock & receivables and collateral of immovable property.
    • For Term Loan – Hypothecation of current assets, plant, machinery & immovable property with personal guarantee.
  • Period:
    • Working Capital – Up to 36 months (Renewal/Yearly Review)
    • Term Loans – Maximum up to 120 months

Eligibility

  • All MSME units run by Individuals, Proprietorships, Registered Partnership Firms, Private Limited Companies, and LLPs.
  • Enterprises engaged in manufacturing, trading, or service sectors as per MSME norms.
  • Applicants should have a viable business plan and good credit history.

General Info

  • Loan sanction subject to eligibility, business viability, and bank norms.
  • Applicant must be a member of the Bank.
  • Bank reserves the right to revise interest rates and terms at its discretion.

Ready to grow your business?

Fuel your business ambitions with our tailored Business Loan — offering fast approvals, flexible repayment, and competitive interest rates. Apply now to scale your enterprise!

Apply Now
Our Loans