At Utkarsh Small Finance Bank, we endeavour to help our customers meet their increasing
capital needs, enabling them to take a step towards building their business with confidence. If
you are looking to boost your business with a higher ticket size loan, Utkarsh Kiran may be the
right fit for the requirement. These loans range from ₹ 3,00,000 to ₹ 6,00,000. The minimum repayment tenure is 48 months
and the maximum repayment tenure is 60 months.
Only married women aged between 21 to 55 years as of the date of application.
Households having an annual income of up to ₹ 6,00,000 and the percentage of 'Monthly
Debt Obligations' towards all existing loans as well as the loan under consideration to
'Monthly Household Income' should not be more than 50%
Must be able to provide a male/female guarantor aged between 18-55 years and must be
a part of the borrower's individual household unit, i.e., husband, wife and their unmarried
children
Business must have regular cash flow (daily, weekly, fortnightly, monthly)
At least three (3) years stay in the same address
The family of the potential client must have sound knowledge and understanding of the
business for which the loan is required.
Business (for which the loan is required) should be in the control of family members
staying in the same house
Business should be within the Bank branch's area of operation
The client/guarantor must be in good health
Evaluation by the Bank indicates willingness and ability to pay
Should not have a Household member who is an active Utkarsh borrower. The key
principle behind this is to have only one Loan per household at any given point in time
The centre may be started with a minimum of two (02) groups i.e., with Fourteen (14)
women and a maximum of five (05) groups i.e., (35) women with seven (07) women in
each group.
Every woman in the group must be residing with her immediate family members
(Immediate family means husband and /or children, and/or parents and/or in-laws) and
within a radius of 500 meters from the centre meeting place.
The group member's business should be in the Bank's area of operation. All group
members of the centre must agree and be willing to give mutual guarantees for other
members' Loans. No blood/kin relatives should be in the same group.
In a centre, one pair of blood/kin relatives may be allowed for every seven (07) members.
However, initially, two kin relatives (which only includes wives of two real brothers
staying separately) may be allowed in a centre of 15 clients and under no circumstances,
more than one pair of "saas-bahu" are allowed in a centre.
Only married women aged between 21 to 55 years as of the date of application.
Households having an annual income of up to ₹ 6,00,000 and the percentage of 'Monthly
Debt Obligations' towards all existing loans as well as the loan under consideration to
'Monthly Household Income' should not be more than 50%
Must be able to provide a male/female guarantor aged between 18-55 years and must be
a part of the borrower's individual household unit, i.e., husband, wife and their unmarried
children
Business must have regular cash flow (daily, weekly, fortnightly, monthly)
At least three (3) years stay in the same address
The family of the potential client must have sound knowledge and understanding of the
business for which the loan is required.
Business (for which the loan is required) should be in the control of family members
staying in the same house
Business should be within the Bank branch's area of operation
The client/guarantor must be in good health
Evaluation by the Bank indicates willingness and ability to pay
Should not have a Household member who is an active Utkarsh borrower. The key
principle behind this is to have only one Loan per household at any given point in time
The centre may be started with a minimum of two (02) groups i.e., with Fourteen (14)
women and a maximum of five (05) groups i.e., (35) women with seven (07) women in
each group.
Every woman in the group must be residing with her immediate family members
(Immediate family means husband and /or children, and/or parents and/or in-laws) and
within a radius of 500 meters from the centre meeting place.
The group member's business should be in the Bank's area of operation. All group
members of the centre must agree and be willing to give mutual guarantees for other
members' Loans. No blood/kin relatives should be in the same group.
In a centre, one pair of blood/kin relatives may be allowed for every seven (07) members.
However, initially, two kin relatives (which only includes wives of two real brothers
staying separately) may be allowed in a centre of 15 clients and under no circumstances,
more than one pair of "saas-bahu" are allowed in a centre.
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