Who can avail of Individual Business Loans ?
Self-employed in the age group of 24 to 65 years (at the end of the loan tenure). & Partnership Firms .
How much finance can I avail of ?
You can borrow up to 3 Lk based upon your loan eligibility.
What are the tenure options?
Business loans range from a minimum of 3 months up to a maximum of 4 years.
How long will it take to process the loan?
Loans are processed within 2 working days of completing the documentation.
Do I need a guarantor?
For sole applicant - one adult family member to be co-applicant. Partners will be taken as co-applicant in case of Partnership.
Do I have the option of pre-paying the entire loan amount?
Yes. One can pre-pay the loan at any time after 1 months of availing of the loan. Foreclosure charges would be applicable.
What are the stages involved in availing a loan?
The stages involved are:
- Sanctioning of the loan