Small Ticket Business Finance
SMALL TICKET BUSINESS FINANCE (UP TO 60K)
Introduction
This product is for clients who want to start new business or who want to expand their existing business. This product is apt for your short-term business needs.
Features and Benefits
Maximum loan amount of Rs. 60,000
Tenure 19 months.
Business of stocks, machinery, working assets and book debts, without collateral
Eligibility
You should be an Indian citizen in the age group of 21-58 years.
Business stability of 3 years.
Permanence of business location of 3 years.
Fees and Charges
Processing Fees & Documentation – 3% + GST.
Insurance (Life)-Rs15.54 (Joint) (inclusive of taxes)
Insurance (Hospicash) – Rs 450 per loan tenure (inclusive of taxes)
Foreclosure Charges – As applicable.
