Term Loan
Easy Repayment Plan
Steady Interest Rates
Big Money, Long Time
Your Business, Your Decision
Features & Benefits
- Features:
Easy Payback Plan: Know exactly when to pay and how much.
Steady Rates: Rates that stay the same, no surprises.
Use for Anything: Spend the loan on whatever your business needs.
- Benefits:
Payback Made Easy: Clear plan for repayment, no confusion.
Costs You Can Count On: Fixed rates for steady expenses.
Your Business, Your Choice: Use the loan where it matters most for your business.
- Eligibility
Been in Business: Businesses with a track record, usually 2-3 years.
Financially Healthy: Stable finances and a good credit history.
Loan Purpose: Clearly explain what you need the loan for.
Security or Guarantee: Depending on the loan, you may need to offer something valuable.
Good Credit: A good credit score helps you get better loan terms.
- Documentation
Business Information: Details about your business, including registration and credentials.
Financial Statements: Recent balance sheets, profit and loss statements, and cash flow statements.
Loan Purpose Documentation: Clear documentation explaining how you plan to use the loan for your business.
Collateral Documents: If required, documents related to collateral or security.
Credit History: Information about your business and personal credit history.
- Fees & Charges:
Interest Rates: The cost of borrowing, typically charged on the utilized amount.
Processing Fee: Charged for processing the application for a term loan.
Prepayment Charges: Fees for repaying the borrowed amount before the agreed-upon tenure.
Late Payment Fees: Imposed for delayed repayment of the loan installment.
Origination Fee: A one-time fee covering the cost of processing the loan.
