Product Overview
- Unsecured Collateral free Loans for a short term period without any kind of third-party guarantee.
- Quick Processing and hassle free loans with minimum documentation requirements.
Criteria
Applicant / Entity could apply for a Loan on his own Individual capacity considering the promoter as a co-applicant for the said proposal.
Quantum
Maximum Tenure of 4 Years depending on the other parameters as well as. Restricted to Bank’s Policies &other criteria norms.
CIBIL Score
Financial Institutions and Banks will check the Credit Report which is downloaded from Credit Bureau of India Ltd website to understand the applicant’s & co-applicant’s past repayment history and also to understand the existing Loan obligations serviced by the Individual. Based on this past History and Loan Obligations, the Financial Institutions finally appraise the said proposal for final sanctioning. Based on the Cibil score, the final Business Loan interest rates could also vary.