Business Loans are designed to empower Essential Services with quick funds to manage their working capital expense.
|Key Features of -Business loan|
|Interest rate||Starting from 16%|
|Tenure||Ranging from 3 Months to 36 months|
|Loan Amount||Rs 1 Lakh to Rs 50 Lakh|
|Security/Collateral||Required if Loan Amount Exceeds 50 lakh|
|Factors Affecting rates/ Risk Gradation||The rates can vary for each borrower depending on factors like CIBIL score, income, repayment capability, the amount being borrowed, loan tenure, employment nature, financial history, and other personal loan eligibility criteria.|