Good news for business owners! Credit Saison has introduced simpler eligibility rules and higher loan limits across multiple loan programs.
Here’s a clear breakdown of the latest changes to help you get funding faster:
Key Policy Updates (2024)
1. Reduced Banking History Requirement
📌 Now Only 6 Months Bank Statements Needed (Previously 12 months)
✅ Applies to:
- GST Surrogate Program
- ABB (Average Bank Balance) Program
- Vyapari (Trader) Program
🔹 Benefit: Faster processing for businesses with shorter banking history.
2. Karza Report Waived (For Loans Up to ₹25 Lakhs)
📌 No Karza Report Required in:
- Banking Surrogate Program
- Vyapari Surrogate Program
🔹 Benefit: Saves time and simplifies documentation.
3. Higher Loan Limits for GST-Exempt Businesses
📌 Loan Amount Increased to ₹20 Lakhs (For businesses without GST)
✅ Eligible sectors: Small traders, manufacturers, and service providers.
4. New POS-to-Turnover Program (Limit Accounts Accepted)
📌 Now Accepts Limit Accounts (Overdraft/CC) with:
✔ Max 95% Utilization
✔ Loan Multiplier Based on Business Type:
| Business Type | Loan Multiple of POS Turnover |
|---|---|
| Retail Traders | 20% |
| Wholesale Traders | 5% |
| Manufacturers & Service Providers | 25% |
🔹 Example: A retailer with ₹10L POS turnover can get up to ₹2L loan.
Why Choose Credit Saison Business Loans?
✔ Less Documentation – Only 6 months bank statements needed.
✔ Higher Loan Amounts – Up to ₹20L for GST-exempt businesses.
✔ No Karza Report – Faster approvals for loans ≤ ₹25L.
✔ Flexible Programs – Options for traders, manufacturers & service providers.
Who Can Apply?
✅ Traders, Retailers, Manufacturers, Service Providers
✅ Businesses with 6+ Months Banking History
✅ Loan Needs from ₹1L – ₹25L+
📞 Apply Now & Get Quick Approval!
