Overview
The 59-minute SIDBI loan is a quick and streamlined loan approval process offered by the Small Industries Development Bank of India.
It is designed to offer expedited loan approvals to small businesses, ensuring quick access to much-needed funds.
The loan amount can range from Rs. 10 lakhs to Rs. 10 crore, and the interest rate is determined by the lending institution.
Types of Loan Available
Business Loan
Business Loan
1. Mudra Loan upto 10 lacs
2. MSME loan upto ₹ 5 cr.
2. MSME loan upto ₹ 5 cr.
Retail Loan
Retail Loan
1. Home loan upto ₹ 10 cr
2. Personal loan upto ₹ 20 lac
3. Auto loan upto ₹ 1 cr.
2. Personal loan upto ₹ 20 lac
3. Auto loan upto ₹ 1 cr.
Eligibility Criteria
01
Turnover details
GST Registered business – Automatically fetches all your sales details from GST portal using your GSTIN and GST username.
Business not registered under GST- manually declare 12 months sales details
Business not registered under GST- manually declare 12 months sales details
02
Income Tax Details
Income tax return proof in XML format.
Working capital loan latest 1 year ITR is mandatory.
Term loan last 3 year ITR is mandatory
Working capital loan latest 1 year ITR is mandatory.
Term loan last 3 year ITR is mandatory
03
Bank Statements
Latest 6 month bank statement in PDF files
