Collateral free Income generating activities loan
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Collateral free Income generating activities loan in the form of working capital or assets creation for business or short term business requirement. This product will be offered to those Small Enterprises who require both working capital and term/demand loan.
February 1, 2019, onwards, the lending rate on fresh loans of upto Rs.2.99 lakh shall stand revised at 20 % p.a. and loans of Rs. 3 lakh and above will remain at 16% p.a.
loan ticket size above Rs. 1 L – 10 Lakhs
Composite loans
Term loan: 3 years Including moratorium period of maximum 1 month. Working Capital : Repayable on demand
2% of the Loan Amount plus taxes as applicable
A Professional Relationship Officer/ Credit Manager will be available to service you throughout the loan-processing period.
Easy to understand documents
Repay in Equated Monthly Instalments through Standing Instructions.
What is the Eligibility criteria for this facility? View