If you are looking at hassle free, fast processing with simplified documentation with no collateral to be offered, then Business Instalment Loan is just the product for you.
Business Instalment Loan can be availed by small and micro enterprises engaged in manufacturing and processing, preservation of goods or rendering services.
Business Instalment Loan is not offered to start up as the minimum business vintage of 3 years in the same line of business and business operations in the same city is required. Two years of audited financials would be required to be submitted to avail of this loan.
Prepayment is allowed only after nine months from the date of disbursal. No part payment is allowed.
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