Features Business Installment Loan (BIL) helps the entities take a giant strides by fulfilling their business requirements, be it working capital requirement, business expansion or to grab that once in a lifetime business opportunity. Key Features of Term Loan :- Loans start from Rs. 5.00 to Rs 35 lacs & group exposure upto 50 lacs. Unsecured loan - No security / No collateral required Repay with easy equated monthly installments. Simple documentation & Faster processing. The tenure of the loan repayment could range from 12 to 48 months. Interest is calculated on a monthly reducing balance basis.
Eligibility Proprietorship/partnership/Private Limited company. This loan can be used business purpose only. Age 25-65 years of main applicant Turnover minimum 40 lacs per annum for the last 2 years. Minimum 3 years old company in the same business. Minimum 1year old operation at same place. Profitable business for the last 2 year . Have a clean track record of at least 12 month from any MNC bank. Applicant must own office or residence.
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Suitable For Long term working capital needs . For purchasing machinery, office Furniture & equipments etc. Business expansion
Loans start from Rs. 5.00 to Rs 35 lacs & group exposure upto 50
