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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 | 12 to 120 Months |
| RATE OF INTEREST | From 16.8% to 25.65% (Reducing) |
| INSURANCE | as per actual |
| PROCESSING FEE | as per applicable |
| REPAYMENT FREQUENCY | Monthly |
- Loan Amount: Rs. 1 lac to Rs 10 lac.
- Tenure: 12 to 120 months.
- Rate of Interest: from 16.8 %to 25.65 % (Reducing).
- Insurance: as per actual.
- Processing Fee: as per applicable.
- Repayment Frequency: Monthly.
- Collaterals: Above Rs 1.5 lacs. to Rs. 3 lacs.
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