What is a Business loan?Working capital facility includes both fund and non-fund based products. Fund-based working capital products include cash credit, packing credit, short-term loans payable on demand, inland/export bills discounting, export and import financing and commercial paper. Non-fund based products include letter of credit and bank guarantees.
Benifits and features of ROI
Business Loan is NO COLLATERAL or GUARANTOR required.
The loan tenure from 12 months to 60 months.
Minimum age of 21 years and maximum age of 65 years
Minimum 3 years of business vintage require and 2 years in same line of business.
Business Loan rate of interest is in between 16% -19%.
Business Loans Eligibility Entities are
1. Sole proprietorships
2. Self employed Professionals
3. Partnerships Firm
4. Private Limited Companies
5. Limited Companies