Unsecured Business Loan
Customer segment
Micro and Small Enterprises (defined by turnover criteria in eligibility grid) typically with annual sales turnovers in the range of
Manufacturing: `18,00,000 and above
Trading: `20,00,000 and above
Services: `15,00,000 and above
Loan amount
Minimum `1,50,000
Maximum `3,00,000
Tenure
Minimum 1 year
Maximum 3 years
Rate of Interest (ROI)
24% p.a. (reducing)
Loan types and purpose
Loan purpose | Typical use |
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Working Capital |
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Capital Expenditure |
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Debit consolidation |
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Unsecured and Secured Enterprise Loan
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