Loans partly secured against hypothecation of working assets, finished goods and machinery. Useful for short term business needs, buying machinery or raw materials without any property collateral.
Loan amount between ₹ 50,000 to ₹ 4,00,000 Tenure of 6 months to 42 months. Partially secured against a contract of hypothecation of working assets, finished goods and machinery
You should be an Indian citizen in the age group of 18-59 years. Business stability of 2 years. Permanent and stable business location.
Application Fees: Rs 590 (inclusive of taxes) Processing Fees – 2.5% + GST. Bounce Charges – Rs 500 (inclusive of taxes) Late Payment Charges – Rs 200 per month (inclusive of taxes) Foreclosure Charges – As applicable.