Business Loan is an unsecured loan for Business use which does not require any security or collateral, it can be availed for working capital, purchasing equipment, business development and other valid purposes.
Eligibility
Professional Income Holders
- Professionals like doctors, engineers, architects, chartered accountants(CA) cost accountants, company secretary(CS) etc can apply.
- Applicants above 25 years of age at the time of loan commencement and up to 65.
Business Income Holders
- Any business holder(proprietorship firm , partnership firm and private ltd company) who is filing income tax returns constantly can apply
- Applicants should be above 25 years of age at the time of loan commencement and up to 65.
ADVANTAGE OF BUSINESS LOAN
- Loans for doctors, chartered accountants(CA), engineers, architects, company secretaries(CS) ETC
- Individuals can avail loan from Rs. 1 lakh to Rs. 50 lakhs as per the customer requirement.
- Flexibility in repayment of loan from 24 to 60 months.
- No security/guarantor/collateral required.
- Easy EMIs facility
- Eligible for Balance Transfer loan(BT loan)