|
|
| • |
Managing finance, growth and capitalizing on investment opportunities are arguably the most important component of any business |
|
|
| • |
Companies face challenge in actually acquiring the money, and in repaying the debt that they owe |
|
|
| • |
To overcome the same, banks have come up with products like Business Loans |
|
|
| • |
Business Loan is used for expanding, modernizing or improving small to medium scale businesses |
|
|
| |
|
| Unsecured Business Loan: |
|
|
| • |
Is a type of loan that doesn’t require a collateral |
|
|
| • |
It is given to both self-employed individual and company |
|
|
| • |
Is taken for a comparatively smaller tenor |
|
|
| |
|
Loan amount min 5 lac to max 75 lac
Loan tenor - min 12 month to max 36 month |
|
| |
|
| Product variant: |
|
|
|
Income based – turnover min 40 lac and max 30 cr
Non income based |
|
|
|
| • |
On basis of repayment track record
|
|
|
| • |
On the basis of OD limit currently utilised
|
|
|
| |
|
|
|
