BUSINESS LOAN

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, sudden business requirement and other valid purposes.

For a small or medium business, timely finance is the key to making the most of business opportunities. At Bank we understand. We have a host of innovative loan and overdraft products that can make all the difference to your bottomline.

Benefits of Business Loan.

Loans for self-employed individuals & professionals.

• Special loans for doctors, chartered accountants, engineers, architects, company secretaries, and
  ICWAI graduates.
• Loans are available from Rs. 1 lakh to Rs. 30 lakhs for any purpose depending on your requirement.
• Flexible repayment options, ranging from 12 to 36 months.
• Hassle-free loans – No security/guarantor/collateral required.
• Repay with easy EMIs
• Balance transfer facility to retire any higher cost debt.
• Simple procedure, minimal documentation, & quick approval.

Who is Eligible for Business Loan?

A person with stable monthly income is eligible for Business Loan.

• Business Person with stable income & business.
• A partnership or a Pvt. Ltd. company.
• Professionals with stable income & business.

Product Variants

Managing finance is arguably the most important component of any business.

Bank’s Vendor / Dealer Finance solves your cash flow needs and ensures smooth running and development of your business. You get funds conveniently, on time and at a reasonable cost.

Bank offers Bill Discounting services to vendors of large Indian corporates, including priority sector companies. Once the company accepts the bills drawn by you, they may be discounted by us. Discounting rate is linked to the tenor based IBR. Limit is outside the banking arrangement of the Corporate, and recourse is to you. In case the corporate is not willing to accept a bill of exchange, you can also opt for our Invoice Discounting facility.

Vendor Bill Discounting

Vendor Bill Discounting is the solution for your working capital requirements. If you are a vendor with a turnover of Rs. 2 crore, Bank’s Vendor Bill Discounting can solve your business cash flow needs. This helps you meet your working capital needs, and allows you to access funds at competitive interest rates.

The Bank Edge

• Minimum paperwork
• Competitive rates of interest
• Quick transaction delivery

Bank’s Dealer Financing

Bank’s Dealer Financing schemes are available to selected dealers of large corporates. You can avail short-term unsecured finance to procure goods from corporates. These may be on a non-recourse basis or in some cases, corporate recourse by way of First Loss Deficiency Guarantee. The corporate provides non-financial comforts like Stop Supply Letter, Assistance in Recovery & Resale. All payments due to you must be routed through our accounts.

Dealer financing may be in the form of Bill Discounting or an Overdraft facility. Term facility is available for purchase of assets.