Lending upto INR 5 Crores to Startups
Industry First Lending program for startups provides all fund and non-fund based credit facilities for Working Capital and Business Overheads.
Lending between INR 0.25 Crores to INR 5 Crore per borrower
Zero Collateral Requirements*
Units registered as Start Up with DPIIT (Department for Promotion of Industry and Internal Trade)
2 Years Business vintage
Minimal Annual Business Turnover of INR 1Cr
Satisfactory Banking conduct
*Product features may change without notice for all Product offerings. Approval will be subject to detailed credit assessment.
Curated Current Accounts, API Banking, Testing API in Sandbox and more
Completely Filled MSME Application Form
Last 2 year Audited financial Statements along with all schedules(or as applicable)
Financial Projection for 2 years
Income Tax Returns along with computation of Income at least for last 2 years of the Applicant/Co-Applicant/Guarantor
GST Returns for Current Financial Year.
Statement of Accounts for Last 6 months-for all CC/OD/Current Account.
Repayment Track Statement for term loan
Proof of Vintage e.g. Shop establishment , Pollution license, etc
KYC documents of Applicant/Co-Applicant/Promoters/Guarantor
Property Documents offered as Security, if any
Self-Certified/CA certified Net worth statement of the Applicant/Co-Applicant/Promoters/Guarantor
Sanction letter of the all Major existing working capital facilities availed by the firm
Key group company's latest Audited Financials, along with details of Bank borrowings if any
Order in Hand and Important Agreement if any
DPIIT registration certificate
Documentary proof for associated with incubators.
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