Small Business Segment (Unsecured Business Loan):
It extends loans for Business segment like business expansion, new business start-up, and working capital requirements etc., for a period of up to 2 years. The purpose of this loan is to serve the small business, self-employed segment like traders (all kinds of shop), manufactures (small manufacturing industries, mills etc) and services (hotel industry, garages, etc.) requiring larger amount for the betterment of their enterprise through capital expenditure and/or operational/working capital expenditure.
Kind of Loan |
Small Business Loan |
Rate of Interest |
20% to 26% (Reducing Balance) |
Tenure |
12 to 24 Months |
Ticket Size |
Up to 3 Lacs |