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Loans FAQs
Who can avail the Small Business Loans?
- Self Employed Professionals
- Small Businessmen & Service Professionals
- Firms under Proprietorship structure
- Partnership Firms
- Private Limited Companies
- Salaried Individuals
What is the purpose for which Small Business Loans can be used?
Working Capital/ Business Expansion, Asset purchase Renovation / Extension of House / Office / Shop / Factory, Debt consolidation, Education.
What type of collateral can be accepted for LAP?
Residential and commercial.
What is the loan size available for Small Business Loans?
1.5 Lakhs to 50 Lakhs.
What Products are offered under LAP?
- Term Loan
- Combination of Term Loan & Overdraft
- Balance Transfer
What is the maximum tenure for Small Business Loans?
120 months (10 years).
Ways to apply for LAP?
A prospective client can apply for LAP through following ways:
- Filling in online application form
- Contacting through the phone number or email id provided on website.
- Visiting our nearest branch
- Existing liability customer can also apply by getting in touch with the RO