Business Loan

Purpose: Any lawful trading/service providers/processors/manufacturers etc.

Eligibility: All type of traders/service providers/processors/manufacturers registered under GST.

Age: Minimum 21years

Loan Amount: Upto 5 CRORE

Facility: Overdraft / Term Loan

Interest Rate: Floating RBLR + 2.55 = 9.40% + TP

Repayment: 120 months from the date of sanction.

Security: As specified by the Bank.

Category:

Description

Features & Benefits:

Quick and easy solution to all your urgent financial needs.

Brings to you an excellent opportunity to meet personal expenses like marriage, education, social obligations etc.

Loan specially crafted to suit your personal needs & requirements.

  • Emergency fund
  • Advantage over credit cards
  • No strict credit limits
  • Pay via cheque, bank transfer or cash
  • Extended timelines for repayment
  • Flexible usage of funds
  • Higher borrowing amount

Eligibility:  

Govt./Private/self-employed/businessman 1 years’ service/business.

Interest Rates: Existing Customer – 10.50 % p.a. / others – 12.50 % p.a.

Processing Fees & Charges: 1.00% of loan amount / For Defence Personnel: NIL

CIBIL Score: Above 700.

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