Business Loan

  • Loan amount ranging from Rs.1 Lakh to Rs.20 Lakhs
  • Loan Tenure from 12 months to 48 months
  • Facility to top-up existing loans
  • Interest rate ranging from 24% - 27% (reducing balance)

Business Loan Key Features and Purpose

JACINTH offers business loans to small and micro enterprises to improve and grow their businesses, creating job opportunities by providing much needed funding to scale these promising businesses. The sector comprises of numerous small manufacturing units, shopkeepers, fruits / vegetable vendors, truck and taxi operators, food-service units, repair shops and many more.

Key features

  • Centralized approval process
  • Flexible terms
  • Transparent and customer friendly procedures
  • Systematic post disbursal monitoring
  • Quick processing of the loan


  • Business Expansion
  • Working Capital
  • New Machinery purchase

Eligibility Criteria to Avail Business Loan

  • Client age (Male / Female) should be between 23 to 58 years
  • Should have minimum 2-3 years experience in the current business with reasonably good cash flows.
  • The business should be related to Trading or Manufacturing or Service sector
  • Small & Micro Enterprises / Self-employed individuals
  • Retail/Whole sale Traders
  • Should have own house/ should be living in the same locality for 3 years, if rented
  • The business should be licensed and legally approved by the respective authorities
  • Client to be willing to offer hard collateral as security against the loan
  • Sole proprietorship firms

Documents Required for Business Loan

The applicant must provide requested information regarding his/her personal details and the business details such as sales, cash flows, assets and liabilities in the prescribed appraisal cum application format.

KYC Documents

Applicant and the Co-Applicant must produce self-attested photo copies of any one of the following Identity and address proofs

Identity Proof

  • Ration Card/Family Card with Photograph
  • Voter Identity card
  • Aadhaar Card
  • PAN card
  • Passport
  • Driving License

Address Proof

Own House:

  • House Tax/Property tax bill
  • Electricity Bill (on the name of applicant / his/her family members)

Rented House:

  • Landline telephone bill (latest)
  • Gas connection bond and Service slip
  • Rent agreement along with electricity bill
  • Bank statement

Note: Any utility bill that collected as address proof must be recent i.e. should not exceed 2 months from the date of issue. In case of Property tax bill, it should not exceed 6 months.

Business License Copy

Applicant has to provide valid business license copy that has been obtained from local registering authorities such as Municipal Corporation etc.

Rent agreement (If available)

If the applicant runs the business in rented premises and has entered into a rent agreement with the landlord/owner of the premises, then he/she has to provide the photo copy of the rental agreement.

Bank statement

Applicant should provide recent 6 months bank statement relating to the active bank account. In case of submission of the photocopies of bank passbook, banker’s seal is mandatory on photo copies.