Overview

Business Loan is an unsecured loan available to small and medium enterprises and professionals for all your working capital needs. You can raise funds without any security /collateral with fast approval and minimum documentation.

The Business Loan is just what you need to address your diverse financial needs – be it venturing into new business lines or expanding a current business, you can now look forward to getting the financial support you need, without any hassles.

Applicable Interest Rate

• Currently, the rate of interest on a Business Loan starts at as low as 12.50%.

Procedure

• Submission of complete application form with photograph.
• Submission of all required documents as mentioned above.
• Internal verifications.
• Personal interview with a bank official.
• Sanction Letter issued by the bank subject to title clearance and property valuation.
• Title clearance through our panel advocate.
• Valuation of property by panel valuer and inspection of property by bank official.
• Collection of pre-disbursement documents.
• Loan disbursement.

Business Loan Type