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Micro Enterprise Loan
It is in the category of secured lending to provide working capital loan to micro enterprises. This loan is typically used for expansion of business.
| TENURE | 24 to 36 Months |
| RATE OF INTEREST | 28.5% (Reducing). |
| INSURANCE | as per actual |
| PROCESSING FEE | as per applicable |
| REPAYMENT FREQUENCY | Monthly |
- Loan Amount: Rs. 1 Lakh to Rs 3 Lakh
- Tenure: 12 to 36 months.
- Rate of Interest: 28.5% (Reducing).
- Insurance: as per actual.
- Processing Fee: as per applicable.
- Repayment Frequency: Monthly.
- Collaterals: Rs 1 Lakh and above