Loans in Details

Business Loan

Business loans are offered to small and medium enterprises towards working capital, expansion, or modernization of existing business. It could be either secured or unsecured. The idea is that if there is opportunity for growth at acceptable risk levels the banks will finance. Loan amounts offered could vary between Rs.5 lakh to Rs.500 lakh.

Secured loans could be against Property (movable / unmovable), Stocks or co-laterals like fixed deposits etc. Since the loans are secured the rate of interest likely would be lower than unsecured loans. Unsecured loans could be in the form of short, medium or long term loans for temporary / bridge loans, Working capital or for purchase of machineries or other fixed assets.

The interest factor depends on the perceived risk factor by the banks, past track, growth and profitability trends and the industry profile.

Business loan can be availed by self-employed individuals, Partnership firms, Private limited and Limited companies. The funds can be used for business expansion, working capital, renovating your office, buying new property or equipment or personal requirements like child's education, marriage or home renovation, etc.

Business loan could be either

Unsecured Business loan:
Unsecured Business loan on Financials
Unsecured Overdraft facility
Loan against Rental Income
Loan against Car loan Track
Loan against Home loan Track
Loan against Credit Card Limits
Loan against Life Insurance Policies
SME loans
Loan To Self Employed Professionals- Doctors, Architects, Chartered Accountants, Engineers, MBA.
Cash Business Loan

Secured Business loan :
Cash Credit Facility
Overdraft Facility
Drop line Overdraft
Lease Rental Discounting
Term loans
SME Loans
Loan against property without income
LC Limits