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Edelweiss Financial Services Ltd Businesss/SME Loan 2022: Benefits, Features, Documents, Eligibility

 

Edelweiss Financial Services Ltd Business was incorporated as a public limited company on November 21, 1995, and in January 1996, received its certificate for commencement of business.

 

Tax Benefit

Upto Rs. 46800

Tax Benefit

Upto Rs. 46800

Tax Benefit

Upto Rs. 46800

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Edelweiss Financial Services Ltd Business loans

Capital is the backbone of any business, and every business requires a good amount of investment. It is essential for various factors like buying machinery, hiring more staff, loans for working capital and so on. 

 

During the first year of establishment, it takes a lot of hard work for SMEs to keep the business running and growing. Many faces a lack of funds, which may lead to a business shutdown. There are around 52.50 million SMEs in India, which significantly impacts the Indian economy. These SMEs employ a workforce including 40% of the working population. Therefore, these SMEs require sufficient loans to develop or expand their business. 

 

Presently, business loans offered by Banks and NFBCs have come up as great help to meet various financial requirements, especially for SMEs and MSMEs. Edelweiss Financial Services Ltd Business is one such which can reduce the pain of getting a business loan sanctioned as the procedures are pretty simple. Associates at Edelweiss understand the importance of timely financing for a business and stand as the wind beneath the wings of entrepreneurial dreams. They evaluate the funding needs and thereby offer customized solutions like whether to provide a Secured/Unsecured or Equipment loan to the businesses. 

 

Let’s know more about Edelweiss Financial Services Ltd Business:

 

Edelweiss Financial Services Ltd Business was incorporated as a public limited company on November 21, 1995, and in January 1996, received its certificate for commencement of business. Edelweiss Finance was co-founded Venkat Ramaswamy and Rashesh Shah. The company has emerged as one of India’s foremost financial service corporations that offers a robust financial solution to an expanded client.  

 

Edelweiss Financial Services focuses on understanding customers’ requirements by evaluating the funding needs and offering tailor-made loans. Following are the different types of Edelweiss Financial SME loans:

 

SME Unsecured Loan:

 

These SME loans are pretty helpful for small and medium businesses. With its help, business owners can expand and increase their working capital. Applicants can avail of up to Rs.25 crore with this loan, and there is no requirement to submit any collateral.

 

SME Secured Loan:

 

You can avail an Edelweiss SME Secured Loan against property or machinery of all kinds. This loan helps go for both top-up loan & balance transfer with a high LTV of up to 125% of the property’s reasonable worth. Businesses can avail of up to Rs. 25 crores with a repayment tenure of up to 10 years.

 

Equipment Loan:

 

Edelweiss SME equipment loan is available for up to 2.5 crores. It offers machinery support for businesses to capitalize on upgrading their machinery and purchase new equipment without keeping any secondary security. 

 

For better understanding, we have mentioned below the Edelweiss Business Loan Interest Rates & other applicable fees category-wise:

 

For a secured loan, the minimum sanctioned amount is 3.5 lakh, and the maximum amount is up to Rs.25 crore with an interest rate of 18%. The repayment tenure is up to 10 years. For the collateral purpose, your Residential, Commercial and Industrial Properties.

 

For an unsecured loan, the minimum sanctioned amount is 3.5 lakh, and the maximum amount is up to Rs.4.5 crore with an interest rate of 18%. The repayment tenure is up to 4years.

 

For equipment loans, the minimum sanctioned amount is 5 lakhs, and the maximum amount is up to Rs.2.5 crore with an interest rate of 18%. The repayment tenure is up to 5years, and there is no need for collateral.

 

Also, for all the three categories, the processing fees are 2.5 % + taxes.

 

Who can apply for Edelweiss Business loans- Eligibility criteria?

 

Not everyone can apply for a business loan. A few eligibility criteria exist to apply for a business loan in Edelweiss. An applicant should be:

  • Self-employed individual or professional
  • Individual proprietorship firm
  • Partnership firm 
  • Private limited company
  • The applicant should have had a lucrative business in the last two years.
  • Also, the applicant should have a minimum experience of 5 years in the existing business, with at least three years of gainful business establishment.
  • When applying for the loan at Edelweiss, the candidate should be at least 21 years of age and a maximum of 65 years when the loan matures.

 

Edelweiss Business Loan Documents

 

One of the most important things to note while applying for the Edelweiss Business loan is the required documents. Following are the mandatory documents:

 

In the case of a Secured Business Loan, an applicant needs to submit the following:

  • KYC documents of Partners / Proprietor / Firm
  • Documents of property
  • financial documents and Income Tax Return for the latest three years
  • Bank statements for the recent six months
  • Loan Sanction Letters

 

When applying for Unsecured Business Loan, below are the required documents:

  • Directors/ Partners/ Proprietor/ Firms need to submit their KYC documents
  • Income Tax Return and Financial records for recent past two years
  • Previous six months’ bank statements
  • Sanction Letters of loan /Existing Facility 

 

For Equipment Loan, the following documents are necessary:

  • Letters of loan sanction
  • Invoice of machinery
  • KYC documents 
  • Latest two year’s financial records and Income Tax Return
  • Statements of the bank for the last six months

 

How to apply for Edelweiss SME Loan? 

 

The process of applying for an Edelweiss Business loan is relatively easy. If you want to apply online, you need to follow the given steps: 

 

  • Firstly, the applicant requires to call/whatsapp on +918886666821.

 

  • If you don’t wish to go for the online procedure, you can visit your nearest Edelweiss retail finance branch. Please fill up the application form, and submit all the required documents along with it. For your convenience, their associate will help you with the application process. 

 

Why choose Edelweiss SME business loans?

 

Edelweiss Financial Services Ltd understands the importance of SME financing and that it plays a significant role in the Indian economy. Although there are many SME financing solutions, below are a few reasons to choose Edelweiss SME business loans:

 

Provides a higher Loan-to-Value Ratio

The loans offered by Edelweiss are up to 125% of the Market value of the property, consequently assisting with utilizing the property estimation to the greatest.

 

Provides altered solutions to fast-track the business

Edelweiss’s Relationship Manager is committed to continuously assessing an applicant’s funding needs to structure a redid financing solution for the company.

 

Values time

Edelweiss SME Lending offers a fast response to all its applications, guaranteeing the Best TAT in Industry and a Quick, Hassle-Free insight.

 

Edelweiss Business Loans schemes:

 

Edelweiss business loans could stand as a backbone to grow your SME business, providing many advantages and schemes to their clients. Below are Edelweiss Business Loans schemes: 

 

  • Edelweiss Mini Million Business Loan provides funds to micro and small businesses. In this scheme, the borrower can avail of up to 5 lakhs of amount with a minimum turnover of 25 lakhs. The repayment tenure is up to 24 months with no collateral. However, there are prepayment charges of 4 %, a processing fee of 2.5 %, and other taxes.

 

  • With Edelweiss E Million Business Loan, short-term business requirements can be fulfilled. The amount available with this loan is up to 10 lakhs, with the repayment tenure up to 25 months. The chargeable prepayment amount is 4% and a processing fee of 2.5 % + other taxes. In this loan scheme also, there is no need for any collateral. 

 

  • Edelweiss SME Business Loan helps to get funding for immediate business necessities. A borrower can get up to 40 lakhs with a minimum of 3 crores turnover with no collateral. The prepayment charge is similar to other schemes, which is 4% with a processing fee of 2.5% + taxes.

 

  • With Edelweiss SME Equipment Loans, a borrower can avail up to 2.5 crores of the loan amount. It helps to fund equipment purchasing and to refinance for the current equipment.The repayment period is 60 months with a minimum turnover of 1 crore. The borrower can also get a moratorium period of 6 months. In this loan scheme, equipment is accepted as collateral.

 

  • Edelweiss SME Secured Loans offers loans against residential, commercial and industrial property. The available loan amount is 25 crores with a minimum turnover of 1 crore, and the repayment period is up to 120 months. The prepayment charge is 1% with a processing fee of 2% + taxes.

 

Conclusion

 

SMEs can benefit a lot from business loans. Sometimes, a business may face some setbacks due to restricted cash flow or require financial assistance to expand the business. Not everyone has the required capital, and almost all business owners know the hardship after getting a loan sanctioned. Hence in those cases, these business loans come up as very helpful and reliable.

 

Numerous financial associations are accessible in the modern market to furnish you with a credit of a high sum. However, you ought to be mindful of the monetary association and the loan type before applying. With cutthroat financing costs, speedy loan processing, and most minor documentation, an Edelweiss business loan could be the ideal choice to progress in your business. The small-scale business and micro-entrepreneurs can avail of the loan to grow their opportunities, reinforce their equipment, and expand productivity.

 

For any further assistance and information, you may call the customer care of Edelweiss Business Finance Ltd- 1800- 1026371 (Monday – Friday, 10 a.m. to 5 p.m.)

 

To know more details on SME loans from Edelweiss Business Finance Ltd. You can email contact@startupyo.com or call at  +918886666821

Faq's

If you opt for a business from Edelweiss Finance, you can get the minimum amount of Rs. 3.5 lakhs, and a maximum amount of Rs 25 Crores. The amount certainly depends on the category of loan an applicant has applied for. 

It relies upon the culmination of the documents submitted. If you have submitted the documents in order, it should take around two to four weeks. 

There are flexible tenure options available in Edelweiss. Depending on your loan type, it may range between 24 months to 120 months

The revenue of the business determines the loan limit. 

Yes, a transparent processing fee is applicable, which is imparted at the hour of application for the loan.

No societies or Trusts cannot apply for a business loan. It is only provided to individual proprietorship firms, partnership firms, and closely-held private limited companies with decent credit history

Edelweiss requires 5-7 working days (after all the necessary documents are submitted) to process the loan.

 

Yes, the borrower can use the SME equipment loan to refinance and purchase new machinery.

It is easy to communicate with Edelweiss SME lending at the email ID contact@startupyo.com. You may also talk to their customer care executive for any additional information at 1800- 1026371 available from Monday to Friday, 10 a.m. to 5 p.m.

Venkat Ramaswamy and Rashesh Shah co-founded Edelweiss Finance Financial Services Ltd. The company was incorporated as a public limited company on November 21, 1995.