Small and Medium Enterprise loans or SME loans are primarily used in the funding of small and medium-sized companies. Small and medium sized companies raise capital through these loans or avail of these loans to infuse additional capital into their existing business. SME’s can acquire these business loans as long as they have a good credit rating for the last three financial years and their performance in terms of sales and profits has been satisfactory.
Some of the main features of Equitas SME loans are:
Equitas SME loans entail the following fees and charges:
Legal charges like Memorandum of Deposit of Title Deed charges are applicable and amount to 1% of the loan amount disbursed
Equitas SME loans require verifications to be carried out by the following authorities:
While applying for Equitas SME loans the following documents are required:
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