Every business requires adequate amount of capital for funding start-up expenses or for expansion. Here is when a business loan is required to gain the required financial assistance.
Business loan can be availed for:
1. Purchase of assets, business expansion, Working Capital requirements etc.
2. Any Long term/Working capital requirement in Manufacturing / Trading / Service segments.
3. Agriculture : Production, Processing and Trading of Agri / Allied Agri productsAny other income generation activity
Loan size: Minimum loan size INR 50,000 to INR 10 lakh with collateral
Loan tenure : 1 to 7 Years with collateral
Interest rate : Fixed; Prevailing interest rates
Repayment Frequency : Monthly/Fortnightly/Weekly