# UC Inclusive business loans > UC Inclusive is on Recur Club's lender panel, writing operating lease, purchase invoice discounting, sales invoice discounting and 3 other products. Observed tickets run ₹3 cr to ₹3 cr, priced between 16.8% and 16.8%. Median turnaround from application to disbursal is about 29 days. Source: https://www.recurclub.com/lenders/uc-inclusive Last updated: 2026-09-29 ## Products and indicative terms Observed on live transactions. Not an offer or a quote. | Product | Ticket | Rate | Tenure | |---|---|---|---| | Secured Term Loan | ₹3 cr | 16.8% | 36 mo | | Working Capital Demand Loan | - | - | - | Also offered, with no terms observed yet: Operating Lease, Purchase Invoice Discounting, Sales Invoice Discounting, Venture Debt. ## Eligibility ### Will not fund - Preference is now equity-backed companies — e.g. 'Neercare wouldn't fly in the system today' - Evaluated this borrower in the past, has been in touch, and is not interested - Received term sheet for 5 Cr but had to drop and pass since company couldn't comply with conditions precedent of Audited Financials and compliance clearance by October - will not get pari passu - Not okay with pari passu charge - Pricing won't work - Not comfortable due to PEP (politically exposed person) status - Not okay with second charge ### Prefers - For WC lines, tries to lend only where backed by a working-capital asset - For non-FS cases, prefers profitable SMEs with no institutional investor - Aggressive on FS (financial-statement backed) cases; non-FS cases restricted to redeployment in existing/old companies - Considers this deal quite early stage for their appetite - Uncomfortable with group corporate structures - …more in playbook - Deployment pace slowed in Q3, expected to scale back up in Q4 - Lender has a bridge equity round of ₹35-40cr in process - Minimum runway requirement of 0.9x to 1x - From December, focus is shifting to existing clients and collections - Requires minimum runway of 12 months before funding WC lines - Targeting fresh disbursement of ₹45cr in February - Has gotten a little stricter on runway criteria recently ### Screening gates and observed behaviour - Borrower: CIBIL ≥650 · age ≥1y · avoid: Explosives, Arms and Ammunitions, Gambling and Betting, Infrastructure, Lottery Business, Metals and Mining, Mining Companies, Mining Equipment, Mining Tech, Oil and Gas, Ports, Power, Railways, Real Estate (non asset Light), Roads, Tobacco Products · pan-India · Private Limited, Public - Financials: runway ≥9mo · rev ≥₹1cr · TOL/adjusted tangible net worth ≤5 · debt/EBITDA ≤4 · networth ≥₹2cr · debt/networth ≤4 · DSCR ≥1 - Deal: rate 16.5–18% · ticket ₹1–8cr · tenure 12–36mo (range across products — see matrix) · no PEP - Security (observed): 1st/pari-passu charge on current assets (100%) · Personal Guarantee Of Promoters / Directors / Property Owner (80%) - Security asked in : 1st/pari-passu charge on current assets (×6), Personal Guarantee Of Promoters/Directors (×4), Escrow Of Cashflows (×3), Fixed Deposit <5% (×2) - Security asked in : 1st/pari-passu charge on current assets (×17), Personal Guarantee Of Promoters/Directors (×12), FD margin 10–15% (×4), FD margin 15–20% (×4) - Security asked in 2026: 1st/pari-passu charge on current assets (×5), Personal Guarantee Of Promoters / Directors / Property Owner (×4), FD margin 10–15% (×2), Escrow Of Cashflows (×1) - share → in-principle approval (initial interest): ≈0d - in-principle approval → sanction (underwriting): ≈50d - sanction → disburse (closing): ≈0d ## Sanctioned terms (from 11 real sanction letters) ### Sanctioned amount: median ₹2.5 cr (₹1.5 cr–₹5 cr) · NEW ×5 - median ₹2.5 cr (₹1.5 cr–₹5 cr) · NEW ×5 ### Typical security: Undated Cheques ×2, Current Assets ×2, Fixed Assets (Batteries) ×2, Fixed assets, Current Assets, and non-current assets (including intangibles) ×1, Fixed and Current Assets (Hypothecation) ×1, Security Cheques (Post Dated Cheques) ×1 - Undated Cheques ×2, Current Assets ×2, Fixed Assets (Batteries) ×2, Fixed assets, Current Assets, and non-current assets (including intangibles) ×1, Fixed and Current Assets (Hypothecation) ×1, Security Cheques (Post Dated Cheques) ×1 ### Typical covenants: - Periodic reporting / MIS obligation — 82% of letters (e.g. "SEBI Reporting to be shared by the Borrower, in case of a listed company (over email); SEBI Reporting to be shared by the Corporate Guarantor, in case of a list…") - Periodic reporting / MIS obligation — 82% of letters (e.g. "SEBI Reporting to be shared by the Borrower, in case of a listed company (over email); SEBI Reporting to be shared by the Corporate Guarantor, in case of a list…") ### Term sheet by ticket size: (facilities, largest first) - (facilities, largest first) ## Common questions ### What does UC Inclusive lend? UC Inclusive writes operating lease, purchase invoice discounting, sales invoice discounting, secured term loan, venture debt, working capital demand loan. Across those, observed facilities run ₹3 cr to ₹3 cr. ### What ticket size does UC Inclusive offer? Facilities observed on live transactions run from ₹3 cr to ₹3 cr. The band differs by product, so the figure that applies to you depends on which facility you are asking for. ### What rate does UC Inclusive charge? Rates observed on live transactions fall between 16.8% and 16.8% a year. Tenures run 36 to 36 months. These are observed figures, not a quote, and the rate you are offered depends on your file. ### How long does UC Inclusive take to disburse? About 29 days from application to disbursal at the median, where the file is complete. Missing financials, unresolved security or a pending no-objection from an existing lender are what usually stretch it. ### What are UC Inclusive's eligibility criteria? The first screen is the bureau: a borrower CIBIL of at least 650. Revenue, leverage and debt-service thresholds apply on top and vary by product. The full credit box for each product is set out on this page. --- Check which lenders fund a business like yours: https://www.recurclub.com/recur-market All lenders: https://www.recurclub.com/lenders Lender intelligence dossier - screening gates, per-product terms and sanction observations, derived from lender policy documents and observed transactions. Figures are observed from a sample and are not an offer, a commitment, or a statement of UC Inclusive's current policy.