Objective |
The product is a pre-approved term loan facility with option of multiple disbursements for multiple purposes. The product is aimed at facilitating growth among well rated existing customers. |
Age |
Minimum 21 years ; Maximum: 65 years |
Target Group |
|
Quantum of Loan |
20% of total limit sanctioned with a maximum of Rs. 5 crores |
Margin |
Margin at 25% uniformly. |
Interest Rate |
Interest will be charged at prevailing rate on daily reducing balance at monthly rest. |