ABOUT LOAN
Easy and collateral free loans for small and micro enterprise engaged in manufacturing, processing and preservation of goods or rendering service and it is given solely on the basis of financial statement of the borrower with no guarantor/collateral security involved. Business loans are majorly availed for purposes like business expansion, purchase of machinery or plant, investment in infrastructure, hiring staff, maintain inventory, etc. Further we have discussed all the relevant aspects of business loan for in-depth understanding.
| Features | Attributes |
|---|---|
| Loan Amount | .Minimum amount is INR 1,00,000 .Maximum amount is INR 3,00,000 |
| Age of Applicant | Between 22 to 60 years |
| Loan Tenure | Maximum 36 months |
| Security | Group guarantee |
| Interest Rates | 6.5 % |