Business Loan is offered to customers for meeting day to day working capital requirements and can be provided in the form of overdraft / working capital loans. The maximum tenure of the loan shall be for 1 year and will be subject to renewal as per client’s requirement and satisfactory transaction record in the account in terms of repayment, turnover, etc.
The purpose of this facility is to finance the working capital requirement of the trading, manufacturing and service units/industries. The working capital loan will help to build up inventories and receivable at a level required to run the business smoothly.
Fixed Term Project Loans facility will be provided in order to facilitate customers to establish manufacturing industries or production units or purchase of fixed assets.
2. Business Type
3. Target Customer
4. Loan amount
5. Interest rate
7. Nature of Facility
10. Repayment Modality