Working Capital & Term Loans

Working Capital Sub-Limits

Cash Credit / Overdraft
Import / Inland L/C
Buyers Credit
Pre & Post Shipment Export Finance
Bank Guarantees

Term Loans

For expansion / diversification
For setting up new factory building / machinery
Moratorium available from 6 months – 1 Year
Tenure: 1-6 years

Limits offered

Rs.1 Crore to Rs.50 crores

Collaterals

30% - 100% of the loan amount. Can be commercial / industrial / residential property.

Best suited for

Retailers / Traders / Manufacturers / Wholesalers / Distributors / Importers / Exporters / Dealers & Merchant establishments.

Pre-requisites

Minimum 2-3 Years business vintage & audited financials.

Advantages

Flexible Collateral norms (30%-100%) based on your financials.

Banks

PVT & MNC : Standard Chartered, DBS, HDFC Bank, ICICI Bank, Yes Bank, Kotak Mahindra Bank, IDFC Bank & AU Small Finance Bank

NBFC : Tata Capital, Aditya Birla

Unsecured Business Loans (BIL)

An unsecured business loan is provided to proprietorship, Partnership, or Private Limited company, Limited company or self-employed professionals without any collateral security. The funds can be used for :

Business expansion
Buying Capex or fixed assets
Meeting working capital finance requirements

When can one opt for unsecured business loan?

When you are unable to or not willing to provide a collateral security
Short term funds are required
Faster turnaround time

Product Features	BIL
Loan amount per Bank / NBFC	Rs.10 lakhs - Rs 75 Lakhs
Loan Tenure	1-4 years
Interest Rate	16% onwards

Key Features

Businesses Eligible for BIL

Sole Proprietorships, Partnership Firms, Limited Liability Partnership, Private Limited Companies & closely held Ltd. Companies
Manufacturers & traders
Service Providers such as Chartered Accountants (CAs), Self Employed professionals such as doctors, CA, MBA, engineers & architects and people with professional degrees

Business Loan Eligibility Calculator

Minimum business existence of 3 years with ITR and proof of business.

Minimum turnover of Rs 2 Crore.

Cash Profit for the last 2 financial years.

Clear CIBIL report and existing / past repayment track record.

Services