SME / Business Expansion Loan
In India, businesses don't just start, they evolve, scale, and expand into new territories. Whether you've been running a successful retail shop, manufacturing unit, or service business, growth is inevitable when ambition meets opportunity. That's why at Reliance Spectra India, we understand that expansion is not just about increasing your footprint; it's about realizing your vision to reach more customers, upgrade your infrastructure, and multiply your revenue.
From opening new branches across cities to upgrading machinery for higher production capacity, from expanding your product line to investing in modern technology, every growth move requires substantial capital. At Reliance Spectra India, we have designed business expansion loans specifically for established businesses ready to take the next big leap. We recognize the unique expansion needs across various sectors, whether you're a textile manufacturer planning to add new looms, a retailer opening multiple outlets, a restaurant chain expanding to new locations, or a logistics company upgrading your fleet.
So whether you're scaling your operations, diversifying your offerings, or strengthening your market presence, if you're an established SME seeking a term loan for expansion, talk to us and turn your growth ambitions into reality.
Features
- Secured term loans up to 5 Cr.
- Structured loan - flexible loan tenure and customized repayment options.
- Sanction/approval feedback within 3 days.
- Faster disbursement - 3 Days from login to disbursement.
- Covers 160 locations across India.
- Tailored as per the understanding of the local markets.
Eligibility
| Parameters | Individual Applicant | Non-Individual Applicant |
|---|---|---|
| Minimum Age | 20 Years | Profitable Operations for 1 years, Stability of Operations (Geography) for at least 1 years |
| Maximum Age (on Maturity of loan) | 70 Years | |
| LTV | 90 % on Residential Property 70% Commercial Property | 90 % on Residential Property 70% Commercial Property |
| Profit (PAT) | Positive for the past one years | Positive for the past one years |
| FOIR | 90% | 90% |
Documentation
- KYC Documents
- Office address proof
- Passport-sized photographs of all applicants/co-applicants.
- Certified copies of MOA / AOA /Partnership deed.
- Bank Statement (1 year).
- 2 yrs ITR of directors/partners.
Business Loan FAQs
Who can avail of Business Loans?
Self-employed Individuals in the age group of 20 to 70 years (at the end of the loan tenure). Partnership Firms, LLPs & Private Ltd. Companies & closely associated public limited companies.
How much finance can I avail of?
Upto INR 5 Cr
What are the tenure options?
Business loans range from a minimum of 1 years up to a maximum of 15 years.
How long will it take to process the loan?
Loans are processed within 3 working days of completing the documentation.
Do I need a guarantor?
Guarantor is mandatory for all the cases
Do I have the option of pre-paying the entire loan amount?
Yes. One can pre-pay the loan at any time after 6 months of availing of the loan. No charge on Foreclosure.
How do I repay the loan?
You can make part pre-payments of a minimum amount of Rs 50,000 after 6 months from the date of first disbursement of the loan. This payment can be made only once in a financial year subject to a maximum of 25% of the balance outstanding against your loan amount at the start of the financial year
How do I repay the loan?
Electronic Clearing System (ECS) or Using Online
Where is our presence?
All India
Fees & Charges
| Particulars | Fees & Charges |
|---|---|
| Cheque Bounce Charges | Rs 250/- |
| Cheque Swapping Charges | Rs 300 |
| Overdue Interest | Rs 300 |
| EMI Cycle Date Change | NA |
| Reschedulement Charges | NA |
| Duplicate NOC | NA |
| Outstation Cheque Charges | Rs. 45 per cheque |
| Cheque revalidation charges | Rs. 100 |
| Loan Statement charges (per statement) | NIL |
| Foreclosure Charges | Regular Customers prepayment allowed from disbursement date. i) Before 6 months:5% of Principal Outstanding+GST ii) After 6 Months :2% of Principal Outstanding+GST |
| Loan cancellation charges | Rs.1650 |
| Loan reschedulement charges EMI Cycle Date Change | NA |
| SPDC retrieval Charges for swap, matured, preclosure and customer induced cancellations | i) Rs.100/- at the time of Preclosure/Swap/Matured/Customer Induced cancellations. ii) Rs.150/- upto sixty days from the day of Preclosure/Swap/Matured/Customer Induced cancellations. |
| Changing Fixed Rate to Floating & Vice versa | NA |
| Non Refundable Fee | NA |
| Conversion charges | NA |
| Copies of Loan Documents/Agreement/Retrieval of Share Certificate | NA |
| Charges on Part Disbursement | NA |
| Foreclosure statement charges | NA |
GST, as notified by the Government of India, is applicable on all fees, interest and other charges and is subject to change as per relevant regulations of the Government of India.
Terms and conditions apply.